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The KYC Renewals team is part of the Client Management Services, which is situated within the Corporate and Investment Banking Division of MUFG Bank. However, this function acts as a centralized 1st line support team, providing support to MUFG Securities both in London and in Amsterdam.
NUMBER OF REPORTS WITHIN DELEGATED LINE MANAGEMENT
Up to 8
MAIN PURPOSE OF THE ROLE
As part of the Client Management Services KYC Leadership team, the individual would be responsible for the oversight and management of KYC renewals across securities. The primary responsibility of this individual will be to ensure the team provides effective and timely completion of all KYC renewal related tasks for existing business relationships within MUFG Securities. The individual would also support KYC for MUFG Bank, London branch as needed.
This individual will work closely with the Head of KYC, and other leads across London and MGS within Client Management Services. The role will hold a high level of responsibility and exposure to senior management across MUFG Securities, as well as key stakeholders globally. Strong strategic planning, effective stakeholder management, and the ability to influence at all levels are key. The individual will also be required to support the wider team, as required, on complex issues, volume/capacity management as well as being a key decision maker on procedural/process aspects.
A key aspect to this role is the effective resource and capacity management, stakeholder management, and a drive to improve the on-boarding service provided to the customer and the business.
KEY RESPONSIBILITIES
- Responsible for Team’s delivery: Ensure that all Customer Due Diligence reviews are completed effectively and within the prescribed renewals cycle for existing customers across MUFG Securities both in London and in Amsterdam, ensuring compliance with the Securities’ AML policy and all applicable regulatory requirements.
- Conduct end to end KYC for Renewals: Ensure processing workload within team members is shared fairly.
- Renewals Book planning: Engage with Renewals Book Of Work (BOW) team to ensure planning and forecasting of Renewals Book for Securities is completed at least 4 months in advance of the BoW period.
- Ensure Event Driven Reviews are assigned, undertaken promptly, and completed within the prescribed cycle.
- Ensure KYC remediation (as required) is completed within the prescribed timeframe.
- Senior Subject Matter Expert (SME): Act as a senior SME within the Securities and FI Divisions in relation to all KYC aspects from processing to queries management.
- Escalation point for the Securities renewals team: Ensure all escalations from internal and external stakeholders are addressed promptly.
- Representing Securities Renewals Team: Represent the Team and Division to key stakeholders on KYC Renewal matters.
- Ownership of MI preparation for Onboarding: Responsible for creating, developing, and publishing a suite of Management information reports.
- Training, Development & people management: Provide support to the Head of KYC Renewals and share responsibility for the Training, Development & people management.
- Owning Team Procedures and Processes: Ensure that team procedures and processes are up to date and reflect all policy and regulatory changes.
- Liaison with Compliance: Act as a Compliance Liaison function for related matters.
- Active involvement in driving procedural and policy improvements: Seek out opportunities to improve the KYC process.
WORK EXPERIENCE
Essential:
- 10 years’ experience in Anti Money Laundering, fraud and bribery or Financial Crime roles.
- Experience within Corporate & Investment Banking, Capital Markets or Securities.
- Experience of personnel and strategic management.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Essential
- Awareness of UK & European Anti-Money Laundering regulations.
- Awareness of Markets Regulations (FATCA/CRS, MIFID II, EMIR, SBSD, Volcker).
- KYC SME with hands-on experience in end to end KYC.
- Strong understanding of Banks and NBFIs.
- Excellent communication skills.
- Attention to detail is essential.
PERSONAL REQUIREMENTS
- Excellent communication skills.
- Results driven, with a strong sense of accountability.
- Strong decision-making skills.
- Excellent attention to detail and accuracy.
Please note, MUFG operates a hybrid working model – 3 days office based (London)/2 days working from home.
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count.
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