Flod Production Tower Control Analyst (Project)

Mufg Jersey City , NJ 07097

Posted 2 months ago

FLoD Production Tower Control Analyst (Project)

  • Requisition # 10038621-WD

  • Job Type Day

  • Location Jersey City, NEW JERSEY

  • Date Posted 10/08/2020

Your potential. Your opportunity.

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020).In the Americas, we're 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We're a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Job Summary:

First Line of Defense Control Office Analyst responsible for assisting in the governance and overview of regulatory requirements USA Patriot Act Certificates, FinCEN CDD Rule triggers, MI Reporting, Data Analyst and mastering internal systems CDL and KYCR.

As part of the First Line of Defense Control Office, the Analyst will work closely with Front Office Teams, Portfolio Managers (PM's), Tax Operations, Regulatory Reporting Teams, Compliance Division Officers, and other Operation Teams.

The FLoD Analyst will be responsible for following established guidelines and identifying and resolving problems. The Analysts is expected to use some independence of thought but to refer more complex problems to supervisors or other experts. The FLoD Analysts is expected to contribute to work flow or process change and redesign, and to form a strong basic understanding of the regulatory requirements and onboarding processes.

The ideal KYC Analyst candidate is self-driven, analytical and a critical thinker, exacting attention to detail, has excellent written and verbal communication skills, and is computer savvy.

Primary Responsibilities:

Responsibilities include

  • 60%
  • Support the VP Production Tower Control Officer to analyze and validate data points

  • Manage the governance of USA Patriot Act Certification

  • FloD Analyst will be responsible for tracking FFI requiring foreign bank certifications

  • Pulling certificates from client website and or third party approved sources

  • Updating the certificates on the Bank's document repository

  • Identifying and rectifying system discrepancies

  • Provide status updated for monthly governance reporting

  • Maintains effective working relationships with key business partners. Requires close working relationships with Onboarding and KYC teams.

  • Identify data anomalies and assist on root cause analysis to minimize errors

  • Promptly address queries and assist with problem-solving of matters received from applicable Bank personnel

  • Remediate erroneous customer data

  • Provide support for Financial Institutions Reassessment

  • Pulling KYC related documents information from Bankers Almanac and client website

  • Provide KYC Reassessment Support to the Non-FI business teams

  • Develop SME experience on the Bank's KYC and Onboarding Applications

  • Assist with KYC assessments and assisting in the satisfaction of regulatory required information. I.e. FinCEN Beneficial Ownership requirements

  • Review of the Bank's Applications for anomalies in data requirements

  • Serve as liaison to Onboarding, Front Office, Tax Operations, Regulatory Reporting and Compliance Teams

  • Stay abreast of developments concerning BSA/AML, KYC, Sanctions and fraud schemes.

  • Independently manage multiple simultaneous requests inclusive of customer data maintenance in a high pressure work environment

  • Work closely with compliance, technology, and business personnel, and would be expected to quickly gain an understanding of the firm's businesses and the rules and regulations under which the firm operates.

  • Participate in field discussions with business line management and, where necessary, communicate and/or escalate l issues requiring the business line's or senior management's immediate attention, respectively.

  • Monitor, research, analyze and address all essential compliance activities including but not limited to drilling down on beneficial ownership for higher risk clients, identifying politically exposed (PEP) individuals, negative media, and sanctions issues

  • Coordinate directly with other areas of the bank clients to obtain relevant KYC requirements. (i.e. Risk, Compliance, Legal, Business, Operations, Front Office) while promptly addressing queries and assist with problem-solving of matters received from applicable Bank personnel

KYC

  • 20%
  • Gains experience in financial services industry with an understanding of the various business lines

  • Maintain the ability to identify, detect, or report suspicious activities in banking and finance services

  • Maintain the ability to utilize tools, techniques and processes for gathering and reporting data

  • Knowledge of various types of customers and ability to analyze customer activities, profiles and source information.

Risk & Process Improvements

  • 20%
  • Solid understanding of business activities, compliance / risk issues

  • Contribute to the review of BSA/AML risk management framework, review and management of the First Line On-boarding Units risk environment.

  • Provide guidance to first line units on the effective execution of the Compliance Risk framework.

  • Promptly address queries and assist with problem-solving of matters received from applicable Bank personnel

  • Implement process improvement to create efficiencies

  • Perform special projects as required and any other duties as assigned

  • Keep team management informed of status of cases and proactively identify and flag issues

  • 2-5 years prior experience in the field of Anti-Money Laundering / KYC requirements

  • Solid knowledge of USA PATRIOT Act including Sections 313, 312 & 319 a plus

  • Solid knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

  • Solid knowledge of KYC/AML and data governance policy and understanding of business activities, compliance/risk issues

  • Solid understanding of business activities, compliance / risk issues

  • Solid knowledge of and ability to identify, detect or report suspicious activities in banking and finance services.

  • Excellent attention to detail, organized approach and strong problem solving/facilitation abilities

  • Mature approach with excellent influential communication (verbal/written) skills

  • Strong time management,, work organization and multi-tasking skills with a drive for efficiency, accuracy and risk management controls while maintaining 100% dedication, excellent attitude and flexibility

  • Knowledge of and ability to utilize tools, techniques and processes for gathering data.

  • Knowledge of various types of customers and ability to analyze customer activities, profiles and source information.

  • Proficiency in MS Office

  • Word, Excel, PowerPoint, Access
  • Bachelor's degree a plus.

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.

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.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Project Manager Business Analyst

Brains Workgroup, Inc.

Posted 6 days ago

VIEW JOBS 11/25/2020 9:54:49 AM 2021-02-23T09:54 <div>Our client, a major bank in Jersey City, NJ, is looking for <strong>IT Project Manager / Business Analyst </strong>with Banking KYC, Compliance Experience.<br /> <br /> Consulting position, initial term is 3 months with possible extensions and/or full time hire (Hourly rate will be identified DOE)<br /> Due to Covid19 this position is currently 100% remote.<br />  </div> <strong>Please read the description below and to be considered immediately email your resume to igork@brainsworkgroup.com </strong><br /> <br /> <strong>Role:</strong><br /> Must have 8+ years in IT Banking Industry.<br /> IT Business Analyst with capability of Project Manager who has business knowledge of onboarding / KYC Compliance etc.,<br /> having “Fenergo” application knowledge is a plus,<br /> lead testing the product against test scenarios / test cases as well as solution planning.   <br /> <br /> This will include the multiple documentation e.g. BRD, test evaluation and test case/scenarios.<br /> Ability to analyze the issues as well as users requirement related to customer/product onboarding, KYC / AML screening, workflows and account segregation etc.<br /> Demonstrate how could proceed testing & QA verification works to take a lead of test execution and quality assurance. <br /> <br /> <strong>Duties:</strong> <ul> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Be responsible and take the ownership of assigned project until the completion.</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Manage issues and/or risks of project, and be responsible to address the resolution of that issue and/or risks.</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Manage and documentation of business and project risks and produce an effective plan and risk assessment.</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Management of gathering of requirements for customer onboarding, KYC and to streamline into the BRD (Business Requirement Documentation)</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Management of scope progress, Work Breakdown Structure / WBS, Issues tracking using JIRA. </li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Management of end to end Solution requirements for Sanctions Monitoring System and Transactions Monitoring System until completion of QA and deployment.   </li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Management of scope of process flows of sanction screening of wires as per AVOX, Worldcheck, etc.</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Working with vendor (Fenergo) and stakeholders to analyze, document, communicate and manage detailed Functional and non-functional requirements and specifications.</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Management of Solution Requirements, Gap Analysis, Use Cases, Case Management, Business Rules, Business Process Flows and interface agreements.</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Analyze current state to future state process flows for user acceptance testing UAT, Quality Assurance Testing and test plans for complete SDLC</li> </ul> <ul> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Client onboarding / Compliance knowledge, mandatory.</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">Testing of functions using Fenergo application or equivalent</li> </ul>   <div style="padding: 0; margin: 0;"><strong>Pluses:</strong> <ul> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">SCHEDULING</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">SHAREPOINT, ARCHITECTURE</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">CHANGE CONTROL, FORECASTS</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">IT PROJECT MANAGEMENT, ITIL</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">MICROSOFT SHAREPOINT</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">OPERATIONS</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">PMP CERTIFICATION</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">RISK ASSESSMENT</li> <li style="padding: 0; margin: 0;" style="padding: 0; margin: 0;">TRADING</li> </ul> </div> Please email your resume or use this link to apply directly<strong>:</strong> <div style="padding: 0; margin: 0;"><strong><a href="https://brainsworkgroup.catsone.com/careers/index.php?m=portal&a=details&jobOrderID=13853694" target="_blank">https://brainsworkgroup.catsone.com/careers/index.php?m=portal&a=details&jobOrderID=13853694</a></strong><br /> Or email: <strong><a href="https://brainsworkgroup.catsone.com/careers/index.php?m=portal&a=apply&jobOrderID=13853694&portalID=9549" target="_blank" title="Click Here to Apply Online">igork@brainsworkgroup.com</a></strong><br /> <strong>Check ALL our Jobs: <a href="http://brainsworkgroup.catsone.com/careers" target="_blank" title="Click Here To See ALL Job Opportunities">http://brainsworkgroup.catsone.com/careers</a></strong><br /> <br /> <br /> <br /> <span style="font-size:8px;">Keywords: KYC, PMP, AML BRD Fenegro UAT SDLC quality testing business analyst</span><br />  </div> Brains Workgroup, Inc. Jersey City NJ

Flod Production Tower Control Analyst (Project)

Mufg