VP KYC

MUFG Bank, Ltd; Mumbai; On-site; INR 2,000,000 - 3,000,000; Full time

Job summary

MUFG Bank, Ltd is looking for a VP KYC to lead the development and execution of its KYC strategy in India - Mumbai Branch. The role demands a proven track record in KYC operations, ensuring compliance with regulatory expectations while optimizing operational processes.

The ideal candidate will bring strong leadership capabilities and the ability to manage diverse teams effectively. This position is key to maintaining high standards in compliance and financial crime risk management.

Qualifications

• Proven experience in leading KYC operations and strategy.
• Strong understanding of regulatory compliance requirements and financial crime risks.
• Ability to manage diverse teams and foster stakeholder relationships.

Responsibilities

• Lead the development and execution of the Bank’s KYC strategy.
• Ensure compliance with regulatory requirements and internal policies.
• Oversee day-to-day KYC operations ensuring service quality and efficiency.

Skills

Leadership

KYC Strategy Development

Compliance Management

Stakeholder Management

Process Improvement

Education

Bachelor's or Master's degree in Finance or related field

Job description

## VP KYCApplylocations: India - Mumbai Branch (BKC)time type: Full timeposted on: Posted Todayjob requisition id: 10076799-WD**Do you want your voice heard and your actions to count?**Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.Job Description**Primary Responsibilities :****Strategic** • Lead the development and execution of the Bank’s KYC strategy across global capability centers (GCC), ensuring alignment with regulatory expectations, global standards, and business growth priorities. • Drive centralization and optimization of KYC operations, enhancing the GCC as a center of excellence for scalable and standardized KYC delivery. • Partner with global and regional stakeholders to define target operating models, including maker- checker frameworks, onboarding vs. periodic review segmentation, and process ownership clarityContinuously assess emerging regulatory trends and financial crime risks, translating them into actionable KYC policies, frameworks, and operating enhancements. • Champion process transformation and digitization initiatives (e.g., workflow tools, data quality frameworks, screening systems), improving efficiency, transparency, and turnaround time. • Embed a strong compliance culture across KYC teams, consistent with first-line accountability and the Bank’s financial crime compliance framework. Control • Establish and strengthen a robust governance and control framework covering end-to-end KYC lifecycle (onboarding, periodic reviews, trigger events, remediation). • Ensure effective maker-checker segregation, QA validation, and escalation protocols, enhancing quality and reducing operational risk. • Oversee adherence to internal policies, global standards, and regulatory requirements, including outsourcing governance and SLA/IAA frameworks with GCC/third-party teams. • Drive proactive monitoring of key risk indicators (KRIs) such as overdue cases, quality scores, audit findings, and regulatory breaches. • Lead engagement with internal audit, compliance, and regulators, ensuring timely closure of observations and sustainable remediation of control gaps. • Strengthen governance through clear accountability structures, escalation mechanisms, and performance tracking across distributed KYC teams. **Operational**• Provide leadership oversight for day-to-day KYC operations delivered through GCC, ensuring service quality, consistency, and efficiency. • Ensure effective capacity planning, workload prioritization, and resource allocation across onboarding, periodic review, and event-driven KYC processes. • Drive improvements in KYC turnaround time, productivity, and process standardization, leveraging centralized support models. • Implement and monitor quality assurance frameworks, including periodic reviews, thematic checks, and continuous improvement initiatives. • Oversee development and maintenance of KYC data quality, documentation standards, and system integrity across platforms (e.g., core banking, screening systems). • Lead operational readiness for new products, jurisdictions, or regulatory changes, ensuring seamless integration into KYC processes. • Ensure strong training and capability building programs for GCC teams to maintain high competency and compliance standards. **Stakeholder Management** • Act as the central point of contact for global, regional, and in-country stakeholders across Business, Compliance, Financial Crime, Operations, and Audit. • Build strong relationships with front office teams (RM/Business), Compliance, and GCC leadership to ensure alignment on priorities, risk appetite, and execution.Lead governance forums and committees (e.g., KYC performance reviews, governance forums) to drive transparency, accountability, and decision-making. • Manage engagement with global KYC and compliance teams, ensuring best practice sharing and alignment with group-wide standards. • Influence senior stakeholders to prioritize remediation, process improvements, and investment in KYC infrastructure. • Provide regular, high-quality management reporting and insights on KYC performance, risks, and strategic initiativesMitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.