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The primary purpose of this role is to ensure that First Line of Defence ("FLOD") related regulatory obligations are met with a focus on Know Your Client ("KYC") / Quality Control ("QC") / Quality Assurance ("QA") programs. The Assistant Vice President (AVP) will be responsible for supervising end-to-end KYC due diligence process and for developing, implementing and maintaining operating manuals and procedures across functions with an emphasis on Global Corporate & Investment Banking ("GCIB") and Japanese Corporate & Investment Banking ("JCIB") clients. The AVP will also act as a Subject Matter Expert ("SME") for FLOD KYC onboardings, and periodic and adhoc review processes and work closely with Compliance, Risk and other departments, such as GCIB and JCIB teams, to operate in line with the Bank's overall goals and strategies.
KYC FLOD SME:
- Lead local strategy implementation and effectiveness of the Bank's KYC FLOD related programs (including onboarding, periodic and adhoc reviews, QC, QA)
- Ensure that all KYC review files meet the highest quality standard
- Lead development, implementation and maintenance of relevant processes, standards, reports, procedures and operating manuals
- Maintain, track and act as subject matter expert on platforms, subscriptions, Service Level Agreements ("SLA") specific to the Client Management Unit ("CMU") and other Business Units
Risk & Control:
- Lead execution support for risk and control responsibilities related to Second Line of Defence ("SLOD") risk frameworks and Regulatory Compliance assessment requirements
- Provide execution support for the Issues Management Framework including the identification, remediation planning, ongoing monitoring and closure validation of open issues, and collaborate for issues resolution in a timely manner
- Responsible for monitoring and reporting to ensure integration with risk, compliance, and operational aspects of the Bank to ensure ongoing compliance with changing regulations and requirements
Stakeholder Management:
- Support GCIB and JCIB customers on-boarding process and other customer-related requests with an emphasis on excellence in client service
- Develop a strong and productive working relationship with FLODs
- Liaise and coordinate relationships with local Compliance Department and Internal Audit, Testing teams and Global Financial Crimes Division (non-domestic)
- Act as SME for various cross-functional and enterprise-wide projects and manage relationships with multiple stakeholders at all levels
Process/Quality Improvement:
- Apply knowledge of all current applicable regulatory obligations focusing on Corporate Banking, and be able to relate them to policies and procedures
- Provide KYC FLOD related training to relevant stakeholders
Continuous assessment of KYC FLOD programs and process improvement - Perform other duties as required and assigned including active participation in auxiliary tasks such as Business Unit Reporting and Risk Management, Risk & Control Self-Assessment, Inbound Due Diligence Reporting, Records & Information Management, Global Financial Crimes Risk Assessment, Billing & Revenue reporting and other similar initiatives which may arise from time to time.
Qualifications
- 5+ years of working experience in the Financial Industry with solid understanding of Corporate Banking
- Solid knowledge of KYC / AML / QC / QA and Regulatory Compliance
- Ability to work in a fast-paced environment/ multitasking/ independently
- Proficient with policy analysis and procedure writing
- Undergraduate University Degree in Finance, Economics or related field
- CAMS designation preferred
- Proficiency in MS Office Word, Excel, PowerPoint. General IT / systems knowledge
- Analytical approach to performing complex and varied tasks
- Influential / leadership communications skills (verbal and written), critical thinking skills, business process / analysis skills, documentation skills
- High risk management skills and project management skills
• As a provincially regulated entity, MUFG Securities Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Human Rights Code (Ontario) and the Employment Standards Act (Ontario). Where MUFG Securities Canada obtains information relating to protected grounds under the Human Rights Code (Ontario) as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Securities Canada does not use such information for decision making purposes relating to the position contemplated in this application.