Assistant Vice President, AML Programs

MUFG Americas; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global financial group is seeking an Assistant Vice President in London to manage Anti-Money Laundering (AML) compliance and financial crime risk. The ideal candidate will have expertise in KYC processes, experience in financial crime compliance, and strong problem-solving abilities. This role involves supporting compliance frameworks and managing issues across the EMEA region. The company embraces diversity and offers flexible working opportunities.

Qualifications

• Demonstrable experience in KYC/Transaction Monitoring.
• Strong knowledge of banking systems and controls.
• Proven ability to manage workloads and tight deadlines.

Responsibilities

• Support compliance with group policies and procedures.
• Resolve issues identified via audits and regulatory exams.
• Ensure efficient processes to deliver reliable information.

Skills

Knowledge of Financial Crime risk (AML and/or KYC)

Strong communication skills

Problem solving skills

Project management experience

Education

A Levels or equivalent

Degree

Job description

OVERVIEW OF THE DEPARTMENT/SECTION

In MUFG, we are committed to being the world’s most trusted financial group. A key pillar of this commitment is the establishment of the Global Financial Crimes Division (GFCD) headquartered in New York. GFCD works to ensure that our organisation conducts its business such that we protect our reputation, our business, and our clients, from financial crime risk, within the regulatory and legal framework that we operate.

As a key element of the GFCD framework, we have a dedicated Anti-Money Laundering (AML) function. The AML function is staffed by a team of high-caliber professionals providing subject-matter expertise in relation to the design, implementation and oversight of appropriate systems and controls to prevent the organization from being targeted by criminals for the laundering of the proceeds of criminal activity. We work closely with other core areas of GFCD, including Sanctions and Anti-Bribery and Corruption, to embed a culture of financial crime risk awareness and compliance throughout the organization.

In EMEA, the AML function supports the development and maintenance of a systems and controls framework across our EMEA branch and subsidiary network promoting regional harmonization.

We are seeking articulate, motivated AML professionals to join our function to provide high-quality advice to our core business areas on the assessment, mitigation and management of money laundering risk. We are seeking individuals that can assist MUFG in developing a “gold-standard” approach, in line with industry best-practice.

MAIN PURPOSE OF THE ROLE

As an Assistant Vice President in the Financial Crimes Office for EMEA, you work as part of a team that contributes to the operation of the financial crime compliance framework. Thus, your responsibilities and accountabilities include, but are not limited to, implementing and overseeing the AML program in a “business as usual” environment to mitigate the financial crime risks.

In summary, this role requires:

• Supporting the drive for compliance with MUFG’s global policies;
• Resolving issues identified via MUFG’s testing functions, audits, regulatory exams, programmatic reviews, and quality assurance efforts in collaboration with other teams in FCOE related to AML matters.
• Ensuring key processes are run efficiently to deliver quality and reliable information, to support the firm’s business growth and control procedures. Developing and integrating these processes with the equivalents in MUFG to deliver a first-class EMEA team.
• Providing support and logistic arrangements to enable FCOE to deliver its change programme efficiently and effectively across the EMEA region with specific responsibility for the management of AML-related projects.

In all your activities ensure that the legal entity integrity of MUFG Bank Ltd is respected, escalating to your supervisor if you identify any actual or perceived conflicts of interest between them.

KEY RESPONSIBILITIES

• Contribute to the implementation of and compliance with group policies and procedures governing MUFG’s financial crime control framework related to AML (including KYC);
• As ‘Issue Owner’, support the management and resolution of issues identified via the testing functions, audits, regulatory examinations, the Global Rollout gap analysis exercise, and quality assurance;
• Ensure that EMEA is implementing and operating an end-to-end process for AML (including KYC) with appropriate controls in place to ensure the effectiveness of these processes. Where the Financial Crime Operations is delivering these processes, the program team will provide oversight of how FCOE Operations is delivering this service to London and the rest of the countries in the EMEA region; including oversight of offshored/outsourced activities.
• Prepare and deliver responses to regulatory enquiries, coordinating and providing subject matter expertise with regard to regulatory examinations and visits in the EMEA region; and
• Support oversight of implementation of GFCD initiatives related to AML (including KYC), including system rollout and new policy/procedure implementation.
• Organise and chair key Regional working groups (AML & KYC) and Service Review Meetings Oversight of all Inter Affiliate Agreements (IAA) relating to AML tasks and systems.
• Governance and Oversight of key AML metrics reported at Regional and Global Forums

The role is also responsible for:

• Participating and occasionally representing FCOE’s interests in projects across MUFG.
• Developing a good understanding of the broader banking and regulatory environment, keeping up to date with developments and their impact on MUFG.

WORK EXPERIENCE

Essential:

• Demonstrable experience in a KYC/Transaction Monitoring in a second line function/consultancy.
• A strong knowledge of banking and associated systems and controls for Financial Crime

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• A good understanding of banking
• A broad understanding of Financial Crime risk (AML and/or KYC)
• Strong subject matter expertise in AML and/or KYC
• Experience with supporting remediation activities and/ or liaison with audit

Preferred:

• Good understanding of AML/ KYC systems and controls
• Good conceptual understanding of risk, compliance and controls
• Project management experience.
• Good understanding of Trade Finance products, financial crime risks and due diligence requirements.
• Experience on payment regulations and the related financial crime risks.

Education / Qualifications

Essential

• A Levels or equivalent

Preferred:

• Degree
• Relevant Qualification

PERSONAL REQUIREMENTS

• Excellent communication skills
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly
• Strong decision making skills, the ability to demonstrate sound judgement
• A structured and logical approach to work
• Strong problem solving skills
• A creative and innovative approach to work
• Excellent interpersonal skills
• The ability to manage large workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well in a pressurised environment
• Strong numerical skills
• Excellent Microsoft Office skills

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.