Head of Transaction Banking Compliance, Director


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

Employment Type

: Full-Time


: Financial Services - Banking/Investment/Finance

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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
Our culture gives me reason to believe in our vision. Day in and day out, we all come together as one MUFG. - Erjin S. - Managing Director, Transaction Banking Diversity at work. 100% score on human rights campaign. Corporate Equality Index 2014-2018 Our achievements. Best Corporate Bank in the World. Global Finance - 2018
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)

Associated topics: audit, cfa, chief finance officer, cpa, credit, financial, financial services, invest, kpmg, risk * 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.

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