MUFG Union Bank, N.A
Description Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we\u2019re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that\u2019s working to fulfill its vision to be the world\u2019s most trusted financial group. Summary: The VP - Correspondent Banking Risk Assessment will be in a highly critical and visible role, reporting to the Deputy BSA Officer\/Head of the BSA Program Office and will serve as a Subject Matter Expert (SME) for Foreign Correspondent Banking (FCB), providing technical regulatory guidance on complex and high risk BSA compliance subjects relating to foreign correspondent banking. Additionally, the individual will provide managerial leadership and subject matter expertise on enterprise wide projects to ensure BSA\/AML and OFAC requirements are defined, tested, and implemented. Responsibilities: The VP - Correspondent Banking Risk Assessment will be responsible for working with fellow stakeholders within Financial Crimes Compliance and business partners to facilitate feedback on efforts related to process improvement, program enhancements, and strategic alignment with business and other bank-wide programs relating to foreign correspondent banking. Primary responsibilities include: Conducting the annual BSA\/AML risk assessment of the FCB population; analyzing regulatory guidance and money laundering typologies relating to foreign correspondent banking; coordinating with the 1st Line and Client Intelligence Unit on due diligence requirements; creating and managing reporting on the FCB population\/issues; representing the BSA Program Office (BPO) in FCB-related initiatives as necessary; and providing support to the Deputy BSA Officer \u2013 Policy & Program relating to foreign correspondent banking matters. Qualifications Requirements: Subject matter expertise in foreign correspondent banking with a focus on regulatory developments and compliance best practices, including both the Wolfsberg and The Clearing House Guidance on correspondent banking Demonstrated experience in the execution of foreign correspondent banking risk assessments for a global bank a plus Developing, overseeing, and administering production of foreign correspondent banking risk assessments Excellent verbal, writing and presentation skills with the ability to interact with stakeholders at all levels within the organization and be able to relay complex technical concepts to non-technical audiences Working collaboratively with First, Second and Third Lines of Defense in the creation and execution of the foreign correspondent banking risk assessment Tracking status of foreign correspondent banking risk assessments throughout their lifecycle to ensure successful and timely completion Preparing reports and presentations based on results of risk assessments. 7-10 years\u2019 experience in compliance and risk management Strong understanding of U.S. banking regulations The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. We are proud to be an Equal Opportunity \/ Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category. Job :Risk & Compliance
MUFG Union Bank, N.A
Website : https://www.unionbank.com/
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $88.2 billion at September 30, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 398 retail branches in California, Washington and Oregon. The bank operated commercial branches in Dallas and Houston, Texas, New York, New York and Chicago, Illinois, as well as two international offices on September 30, 2012.