Transaction Banking Professional, Assistant Vice President

Mufg Monterey Park , CA 91754

Posted 10 months ago

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.

Job Summary:

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.

Major Responsibilities:

  • 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.


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
Audit Manager Data Management Vice PresidentU

Mufg

Posted 1 week ago

VIEW JOBS 2/12/2020 12:00:00 AM 2020-05-12T00:00 Audit Manager - Data Management, Vice President * Requisition # 10031164-WD * Job Type Day * Location Monterey Park, California * Other Locations Brea, New York * Date Posted 12/17/2019 Your potential. Your opportunity. Description 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). 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: The Audit Manager, Data Management Vice President position is a line management role within the Internal Audit for the Americas function, reporting to a Director - Senior Audit Manager. This position will play a key role in the management, monitoring and testing of enterprise data risk management, including project management on assigned audit engagements in adherence to department standards. This includes supervision of the execution of assigned audits, including planning, fieldwork, reporting, and issue tracking and follow-up. This position will also be responsible for internal stakeholder management, accountable for execution of high quality work, management of resources and timeline on individual audit engagements. Major Responsibilities: * Work with the Audit Director to develop and maintain IAA's methodology for providing end to end coverage over "enterprise data" * Engage with business and/or technology audit teams throughout the execution of audits (planning) to establish testing objectives (scope/execution) and results (reporting) * Consolidate the results of data testing in audits for the fiscal year and publish a year end wrapper memo to include tactical and thematic messages to executive management * Co-champion the Data Management Center of Excellence (COE) activities, update Standard Audit Program as needed, deliver training to COE representatives and facilitate data management information sessions across IAA * Perform ongoing monitoring activities for strategic data initiatives * Demonstrate a comprehensive understanding of Enterprise Data Governance controls framework and provides input into the creation of audit plans Position Attributes: This position generally does not manage staff in a reporting line relationship but may manage staff on an engagement-by-engagement assignment basis. Travel may be required for the position, with an estimated range of 10-25% varying on the location of the incumbent as well as key staff, stakeholder and audit geographies. Key Accountabilities: * Structure and execute efficient and effective audits to: * Identify potential risk, including awareness of risks both within span of control as well as enterprise-wide. * Assign and review the work of audit team members for assigned engagements in coordination with Audit Director. * Assess the state of the governance, risk management, and control environment aspects relevant to that risk. * Report results in an effective and timely basis, leading to appropriate remedial action and ongoing management of risk. * Maintain compliance with audit methodology, while also operating within industry best practices, applicable regulations, and internal and external professional practice expectations. * Effectively manage stakeholder relationships to a mutually accountable, productive, respectful, and trusted level. * Help transition the focus of coverage from the current state to the future strategic data initiatives environment, implemented as part of the Data Transformation initiatives. * Participate in business/technology project reviews that impact the data environments * Lead and be a role model as well as continuously improve self and the department Qualifications * 10 or more years of internal or external audit or risk management experience, including project management responsibility. * Experience with the financial industry and related markets, related regulatory bodies, and current industry events and trends. * Key Regulatory Requirements - applicable laws and regulations such as BCBS 239, Heightened Standards, CCAR, CECL, BSA/AML, etc. * Proficient in Enterprise Data Risk Management concepts including: * Enterprise Data Governance Frameworks (i.e. DCAM, DMBOK) * Data Standards – data ownership/stewardship, data dictionary, data lineage, Key Data Elements (KDEs) * Reporting – data quality including golden sources of data * Deep knowledge of risk assessment, audit methodology, and audit execution. * Demonstrated proficiency in technology as required for assigned areas (MS Office, audit data analytics, etc.). * Strong analytical and problem-solving skills. * Strong verbal and written communication skills. * Other skills as required in assigned areas of responsibility. * Compliant with MUFG Union Bank Code of Conduct, exhibits strong ethical behavior, and adheres to other similar professional requirements. * Knowledge in Enterprise Data Architecture strategies and solutions (preferred) * Knowledge and applicable of Data Visualization and Analysis tools (preferred) * Knowledge in data privacy and security, including applicable laws and regulations such as GLBA, GDPR, PCI, CCPA, etc. (preferred) 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. * Job Finance * Primary Location Monterey Park, California * Shift Day * Schedule Full Time Mufg Monterey Park CA

Transaction Banking Professional, Assistant Vice President

Mufg