GFCD - Sanctions Trade Finance - Analyst

We are MUFG. 360 years of heritage. A world-class set of businesses. And more than 180,000 employees in 50 markets. It's no surprise that MUFG has grown to become one of the top five banks in the world. Our services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG offers stability in an ever-changing market, providing services to high-profile clients worldwide.

Our vision? To become the world's most trusted financial group. You'll help us achieve it.

OVERVIEW OF THE DEPARTMENT/SECTIONThe 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.NUMBER OF DIRECT REPORTS0

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 analyst is responsible for the review and investigation of a wide range of trade finance products, 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

WORK EXPERIENCE

Preferred:

• 1-3 years of relevant banking/compliance experience

SKILLS AND EXPERIENCEFunctional / 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
• 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

PERFORMANCE AND DUTIESThe role holder will be assessed in accordance with their employing entity's performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

• The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
• The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
• The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
• Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
• The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

MUFG, a global financial group 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, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law. We are open to considering flexible working requests in line with organisational requirements.