-
ID
#15727231 -
Job type
Permanent -
Salary
TBD -
Source
MUFG -
Date
2021-06-12 -
Deadline
2021-08-11
Wires Risk Operations Manager
Arizona, Tempe, 85285 Tempe USAPermanent
Vacancy expired!
Do you want your voice heard and your actions to count?
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. Reporting to the Wires Services Payment Operations Manager, responsible for assessing risk for wire funds transfer. Advises management on compliance issues. Consults with unit managers and recommend process and procedural changes where necessary to meet compliance and risk management requirements. Assist PSO Division Risk Management Officers monitor wire funds transfer activity as it relates to Bank wide risk and compliance management policies, procedures, and programs. Major Responsibilities: Strategy - 25%- Responsible for defining and developing assigned risk program /products for the Bank's Wire Transfer product. Recommend potential procedural changes and/or process changes based on analysis of risk/compliance requirements.
- Works with multiple business partners from Corporate Compliance, Corporate BSA, and Division Risk offices. Drive business unit specific processes/changes/enhancements based on communication with BSA/AML/OFAC program office representatives.
- Responsible for Risk Management activities to ensure Wire Services compliance with regulations. This includes: Assessing risk on the Wire Services program. Ensure content continues to be in line with division-wide Risk Management strategy and Product enhancements. Ensure compliance with OFAC regulatory requirements through regular monitoring activities.
- Advise OFAC monitoring associates on escalated issues requiring judgment and decision-making. Monitor financial controls to validate they are managed in compliance with SOX regulations.
- Work with unit managers to monitor operating controls to ensure successful operational audits and to minimize losses. Recommends changes to controls.
- Ensure that disaster recovery plans are satisfactory and comply with Tier 1A business resumption requirements and that recovery plans are continuously monitored and tested on an annual basis.
- Use appropriate judgment to make changes as required. Decide and execute when additional tests are deemed necessary.
- Responsible for assessing wire funds transfer transactions. Identify unusual patterns and trends and provides analysis of possible causes and recommends changes to controls or work flow.
- Completes appropriate documentation.
- Compile and accurately report all pertinent data as required by government and international regulations (OFAC, Bank Security Act, Anti-Money Laundering, etc.), and company policies.
- Work closely with Corporate and BSA compliance, Financial Investigations Unit, Enterprise Fraud Management, as well as Division Risk office to maintain risk and compliance management activities, as needed.
- Ensure that the operation complies with bank policy and regulations and that established controls and procedures are adhered to.
- Compile reports on wire funds transfer trends and statistical reporting.
- Work with unit managers to ensure operations functions and processes are clearly documented and that department and bank wide policies and procedures are reviewed and updated as needed.
- 2 to 5 years of work experience in payment operations or risk and compliance management.
- 2 to 5 years of analyzing, assessing payment risk situations
- Detailed understanding of payment system risk and BSA/AML/OFAC Regulatory requirements.
Vacancy expired!
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