Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. At Union Bank, we aim to be the premier and most-trusted West Coast bank, serving customers with high-touch, local delivery and global capabilities as we leverage our rich, 150-year history. This is all part of our inclusive, high-performing culture supported by competitive Total Rewards, including our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group.
The Trade Service Operations (TSO) Transaction Banking Professional II position is located in Monterey Park, California. This position will be reporting directly to the TSO Control & Monitoring manager located in Monterey Park, California or Tempe, Arizona. The TSO Transaction Banking Professional II acts as the front-line of defense in monitoring daily Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) issues for Trade Service Operations. The position requires a strong understanding of all international Trade Finance products and documentation including, Import, Export, and Standby Letters of Credit, and International Collections.
The successful candidate must be able to independently review Trade documentation to identify compliance issues and questionable activity; monitor and disposition transactions routed as potential OFAC hits and regulatory violations; have a good understanding of all regulatory requirements relating to Trade Finance products, including BSA/AML, OFAC, and Anti-boycott. Additionally, the Transaction Banking Professional II will be responsible for directing and assisting in the management of seven Compliance Analysts to ensure all daily monitoring tasks are comleted accurately and timely. The desired candidate must be very detail orientated and a highly self-motivated individual.
Supervise the development of, including recommending and implementing, cost effective compliance strategies, policies and procedures. Monitor and ensure compliance within the area of responsibility by being able to:
Detect deficiencies or violations of applicable laws and regulations;
Manager the daily activities of seven Compliance Analysts to ensure all daily compliance monitoring tasks are completed accurately and timely.
Bring compliance issues to the attention of the TSO Control & Monitoring Manager, the Union Bank Program Office, and the Bank's second level Compliance team.
Design and coordinate corrective action, as appropriate.
Maintain all TSO Control & Monitoring procedures, ensuring all procedures are reviewed and update annually.
Conduct user acceptance testing for compliance related enhancements; may require some weekend testing for system implementations.
Keep up-to-date on changes in federal and state compliance laws and regulations and ensure that line managers are adequately informed.
Initiate and coordinate changes necessitated by new or revised laws and regulations impacting the area of responsibility, including changes in policy and procedural manuals.
Assist business units and/or marketing in developing new products to ensure early recognition and resolution of compliance concerns prior to implementation.
May assist with coordination of regulatory examinations by federal regulators, or other internal or external auditors.
Minimum of four years of related experience in experience in Trade Finance products, international trade products, international operations, auditing, or other significantly regulated areas of banking
Thorough working knowledge of Federal Regulations, Internal Control principles, Audit principles and techniques.
Well-developed communications skills, analytical and project management skills. Proficiency in Microsoft Office suite of applications.
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.