Assistant Vice President, Sanctions Trade Finance

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OVERVIEW OF THE DEPARTMENT/SECTION

The Financial Crimes Office for EMEA (FCO EMEA) in London is part of the Global Financial Crimes Division headquartered in New York. It works to ensure that our organisation conducts its business such that we protect our reputation, our business, and our clients within the regulatory and legal framework. It is responsible for the establishment and maintenance of effective systems and controls to protect clients’ assets and to mitigate the risk that MUFG might be used to further financial crime.

MAIN PURPOSE OF THE ROLE

The Sanctions Trade Finance team conducts Trade Finance documentary screening and reviews escalations from the Level 1 EOO Trade Finance team in order to protect the Bank from sanctions regulatory risk.

The Assistant Vice President (AVP) is responsible for the review and investigation of a wide range of trade finance products, alongside providing guidance to more junior members of the team in relation to open investigations. The AVP is also responsible for ensuring the smooth running of day to day operations, so that business cut offs and prioritization demands can be managed appropriately. The AVP is also responsible for building key relationships with the business and operations to ensure that the high standard of financial crime investigations are maintained to protect the Bank from financial crime risks.

KEY RESPONSIBILITIES
- Review and investigation of Sanctions alerts relating to trade finance transactions from London, Dubai, Paris and Milan offices
- High level analysis of supporting documentation
- Collaboration with Front office teams and Trade Finance operation areas to obtain further information from clients where further information is required.
- Assess whether Trade Finance transactions are permissible or require further action to either Block or Reject, according to current sanctions regulations in place
- Ensures timely and consistent escalation of sanctions risks to Global Sanctions Advisory and regional senior management
- Provide SME guidance on Trade Transactions
- Ensuring compliance with MUFG Polices and Standards and escalating any concerns
- Supporting in special projects and other transformation activities that may arise from time to time
- Supporting the Vice President and proving occasional team oversight coverage

WORK EXPERIENCE

1-3 years of relevant banking/compliance experience

SKILLS AND EXPERIENCE

Functional / Technical Competencies:
Core
- MS Office skills
- Demonstrates attention to detail
- Broad understanding of banking, financial crime risk (Sanctions and TBML) in banking and a general
- Understanding of the concepts of risk management and control
- Manages priorities effectively and delivers efficiently
- Proactively identifies and communicates improvements to process on the grounds of efficiency and effectiveness

Specific to role
- Strong analytical skills
- Financial sanctions knowledge in particular OFAC and EU regulations
- Good conceptual understanding of risk, compliance and controls
- Good understanding of banking products and the UK regulatory environment

Education / Qualifications:
Preferred:

- Degree or other relevant qualification

PERSONAL REQUIREMENTS
- Self-motivated
- Good time-management
- Ability to work under pressure and prioritise work accordingly
- Works collaboratively and establishes trusted relationships
- Shares specialist knowledge across, at least, the Financial Crime Department
- Communicates clearly (in writing and orally), and flexes communication style as appropriate
- Actively considers and supports broad goals across the GFCD and the Bank
- Proactively identifies and attempts to resolve issues

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race