22 Feb

Aml Correspondent Banking Director Jobs Vacancy in Mufg New York

Aml Correspondent Banking Director
New York NY
22 Feb, 2018 30+ days ago

Mufg New York urgently required following position for Aml Correspondent Banking Director. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

Follow the online directions, complete all the necessary fields, and provide all relevant information so your application is submitted correctly. When you click the 'Apply this Job' button (open in new window) you will be taken to the online application form. Here you will be asked to provide personal and contact details, respond to employment-related questions, and show how you meet the key selection criteria.

Aml Correspondent Banking Director Jobs Vacancy in Mufg New York Jobs Details:

AML Correspondent Banking Director-10017079-WD


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’re 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’s working to fulfill its vision to be the world’s most trusted financial group.

Job Profile Summary:

This function covers incumbents who are responsible for ensuring that all of the firm's activities follow the necessary rules and regulations, and that the firm complies with legal/regulatory boundaries and jurisdictions. Incumbents at this level may manage a department, product or process with a large amount of independence. Typically referred to as technical expert and known internally and externally as reliable, knowledgeable resource. Develops and exercises business plans, policies and procedures and may also be responsible for various projects to improve efficiencies. Individual at this level has a clear understanding of the firm's different businesses and the related economics.


10-15 years’ experience in the financial sector. Extensive, demonstrated knowledge and expertise in banking laws and regulations administered by the Federal Reserve Bank, FDIC, OCC and state banking regulators; compliance risk management and regulatory oversight. Exercise day-to-day management oversight of company programs to comply with regulatory requirements. Provide relevant subject matter expertise associated with all legal and regulatory corporate compliance obligations; provide advice and guidance to regional compliance officers on relevant policies and procedures.

Oversee and manage AML risk associated with Global Correspondent Banking.

  • Coordinate risk re-evaluation and reviews of correspondent banking relationships globally in conjunction Global Financial Crimes and business units, remediation projects, and AML strategy related to correspondent banking globally.

  • Manage, coordinate and enhance global governance for correspondent banking AML program inclusive of policies, standards, and reporting.

  • Provide analysis, guidance and recommendations regarding the identification and mitigation of financial crime and the risks affecting this business

  • Participate in global discussions and working groups and new business initiative meetings relating to correspondent banking including payments, trade and nested activities.

  • Develop Key Risk Indicators to assess the ongoing and emerging risks within the global correspondent banking portfolio.

  • Analyzing the findings of the risk reviews and making recommendations to maintain or exit a relationship with coordination across regions on consensus and decision making

  • Lead and oversee the implementation of global correspondent banking standards and policies related to transaction monitoring, KYC, client escalation, as well as any special projects related to this customer portfolio globally
  • Maintain close contact with first line management and compliance staff in the principal correspondent banking locations across BTMU.
  • Stay up to date on industry developments, best practices and standards relating to correspondent banking
  • Position will require international travel and overall travel may be up to 40% of the time


  • Expertise in correspondent banking and associated AML and sanctions risks
  • Knowledge and experience with FATF and Wolfsberg guidance on AML and sanctions related to correspondent banking
  • Familiarity with SWIFT message and payment types and funding flows
  • Demonstrated knowledge of Trade Finance products and services
  • Understanding of general risk governance and risk appetite principals
  • 10-15 years' experience in the financial services sector

The above statements are intended to describe the general nature and level of the 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.

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