Head of Transaction Banking Compliance, Director (Wantagh)


: $185,380.00 - $185,380.00 /year *

Employment Type

: Full-Time


: Financial Services - Banking/Investment/Finance

Loading some great jobs for you...

Add your resume and apply to jobs with your Glassdoor profile. Create Profile. Job. *Description**. Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 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.. *Department Summary:**. Head of Transaction Banking Compliance, Director serves as the Compliance Manager and Compliance Officer Business Oversight (\"COBO\") for the Transaction Banking Division and its businesses, as well as other organizational areas assigned, to ensure that an effective compliance program is developed and maintained to address compliance with applicable regulatory requirements, key compliance issues and processes are evaluated and controlled, and appropriate actions are taken to mitigate compliance risk. You serve as a Subject Matter Expert and/or Primary Regulatory Lead for designated laws, regulations and policies. Further, this position is responsible for the compliance related matters outlined in the Compliance Officer/Compliance Liaison Officer Appointment Letter.. *Major Responsibilities:**. + You serve as the lead business line compliance officer for the Transaction Banking Division, as well as other organizational areas assigned. + You handle and lead the Transaction Banking Compliance team members; communicate organizational and group objectives; provide support and guidance for goals and initiatives in support of the Annual Plan. + Monitor progress and report on the status of completion of compliance initiatives. + You develop compliance related monitoring and compliance metrics for the Transaction banking Division, as well as other organizational areas assigned; perform and/or lead accordingly. + Provide information for initiatives tracking and compliance reporting to management and governance groups. + You build and maintain relationships with main partners, including businesses and other risk functions, to ensure implementation of an effective compliance program. + You utilize the knowledge of the business activities and products of the businesses supported, and provide consulting and advisory services to businesses to align with applicable laws, regulations, and policies (e.g., Conflicts of Interest, Information Security, Material Non-public Information, Anti-social Elements, Yearly Absence Requirement, Gifts & Entertainment, Personal Trading, the Volcker Rule and Affiliate Transactions). + You align with key partners to implement compliance programs designed to follow applicable laws, including federal and state banking and securities laws, and OCC, FDIC, Federal Reserve, DFS, and CA Department of Business Oversight regulations, as applicable. + You make recommendations to develop or enhance business unit policies and procedures as they relate to compliance subject matter; and respond to compliance related questions from management and staff. + You conduct regular meetings (e.g., monthly) with senior management of the principal business divisions supported to discuss compliance risk management matters. + Produce a written report or materials to document those meetings. + You act as a liaison and assist the businesses to address compliance issues raised by, among others, regulators, Internal Audit, and Compliance Testing. + Support business divisions to develop controls and procedures to mitigate compliance related risks. + You execute, participate in, run and/or support the execution by team of assigned responsibilities under the bank's compliance risk assessment programs (e.g., Corporate Compliance, BSA/AML, Sanctions, Anti-corruption, and Global Risk Assessments). + You perform reviews and/or develop team staff reviews of marketing materials concerning business divisions supported. + You work with ACoD Training on the development, coordination, and delivery of initial and ongoing training for employees on compliance requirements impacting these business divisions. + Provide and/or lead the delivery of new hire training, including preparing related materials and recordkeeping. + You support KYC and OFAC teams in the performance of their responsibilities, as needed, for matters that require partner concern. + Respond to business line questions or liaise between the businesses and the KYC and OFAC teams as requested on matters of significance or complexity. + Support the business unit to collect, review, and inform the Financial Intelligence unit of potential or suspicious activity. + You review and/or handle the review by team staff of notifications of new or enhanced products or services (Notifications) and any related product and service risk assessments (PSRAs). + Provide written analysis, comments or advice concerning compliance related risks or issues presented by the Notifications and/or PSRAs. + Work and consult with sponsors and impacted business areas to address compliance risks presented by these proposals. + You perform and/or develop team performance of responsibilities and projects as assigned by supervisor and/or ACoD senior management, including those required by the home office. *Qualifications**. + Minimum of 10 - 15 years of compliance and/or risk management experience with a focus on U.S. banking law and regulations. + Strong knowledge of U.S. banking regulations. + Ability to work with minimal direct supervision, well organized with strong attention to detail and strong analytical and written communication skills. + BS/BA Required; Advanced Degree Preferred (e.g., JD, MBA). _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._
Associated topics: analyst, budget, corporate banking, director finance, finance, financial, investment banking, pay, risk, tax * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

Launch your career - Upload your resume now!

Upload your resume

Loading some great jobs for you...