Vice President, KYC Securities Renewals

Vice President, KYC Securities Renewals

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As one of the top financial groups globally, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do.

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 provide 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.

The portfolio under management of this role ranges across various entities types and jurisdictions globally.

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 on complex issues, volume/capacity management as well as being a key decision maker on procedural/process aspects.

This individual will be a key representative and focal point within Client Management Services. Working closely with stakeholders to ensure MUFG understands all associate risks and maintaining the highest standards, whilst managing business needs. An in-depth understanding of related regulatory guidance is therefore essential, in addition to comprehension of related business processes.

A key aspect of this role is 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 in a fair manner.
• 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; this is typically undertaken bi-annually.
• 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 Training, Development & people management.
• Owning Team Procedures and Processes: Ensure that team procedures and processes are up to date and accurate.
• 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 is key.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• Awareness of UK & European Anti-Money Laundering regulations.
• Strong understanding of Banks and NBFIs.
• Self-motivated to find solutions.
• Attention to detail is essential.
• Excellent Microsoft Office skills.

PERSONAL REQUIREMENTS

• Excellent communication skills.
• Results driven, with a strong sense of accountability.
• A proactive, motivated approach.
• Strong decision making skills.
• Excellent attention to detail and accuracy.