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Asst Vice President/Associate - KYC
Strategic
Assist Head of KYC AML Unit India at the Bank in promoting and managing the culture and practice of Compliance within regulatory requirements and ethical standards consistent with supporting Bank’s strategic direction and growth aspirations.• The role will be actively involved in execution of KYC process and manage responsibilities in a way to support the KAU Head in day-to-day activities.
• Ability to guide Business and KYC Team in terms of policy/process queries
• Ensuring full transparency in KYC processes and improve turn-around times
• Perform quality reviews
• Assist KAU Head to conduct periodic reviews of KYC procedures and processes.
• Keep pace with new and upcoming regulatory requirements, directives, expectations and priorities.
Control
Ensuring that cases are prioritised and managed effectively and consistently in-line with the agreed process and deadlines.• Escalate high priority customer / business issues in a timely manner.
• Ability to deliver Key Performance Metrics to Senior Management.
• Create reporting and recurring MIS on processes related to KYC Operations.
• Keep control over Health Check Metrics; KYC Overdue population; Extension and Exception cases; Close and Exit customers; and Hold Code customers.
Operational
Have adequate understanding of Customer Data Collection, Documentation & Maintenance as part of new onboarding and periodic reviews; have adequate diligence required to establish the correctness/validity of documents• Ability to understand complex ownership structures for legal entities and also for customers such as Charities, Foundation, Trusts, Laision/Branch/Project Office.
• Review screening results to identify politically exposed persons, sanctioned persons, adverse media and mitigate risks associated with financial crimes
• Conduct Risk categorization reviews for clients as per the regulatory requirements with knowledge of enhanced due diligence required while adopting High Risk clients
Stakeholder Management
To manage the relationship with Business and act as a point-of-contact for queries relating to KYC reviews.• Take ownership to identify key issues and actively participating in their resolution to ensure client satisfaction and acceptable business outcomes
• Liaise with Business to manage new onboarding pipeline and priority effectively.
• Coordinate with multiple stakeholders, not limited to Business, FC Compliance, QA, Global KYC teams (policy, process, management), Audit etc. to ensure that KYC cases are on track
and managed effectively and consistently in line with the agreed process and SLA's
• Liaise with internal/external stakeholders to provide exception management reporting and Management Information System (MIS) reporting
Mitsubishi 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.
