Payments, Vice President

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

JOB SUMMARY:

The incumbent is responsible for overseeing the direct operations of the Remittance, Clearing & Settlement Services and Foreign Currency Remittance units within the Money Transfer Department.  In this capacity, the incumbent is expected to effectively: (a) Manage all aspects relating to administration, workflows, and staffing priorities; (b) ensure that operations are efficiently executed and effectively fulfill identified requirements; (c) provide an environment that allows staff to achieve developmental and business goals, and contribute towards the Department’s higher level objectives;  (d) identify and rectify operational (e.g., procedural, system., etc.,) issues that hinder achievement of identified productivity and quality targets. (e) identify processing/services and/or workflow inefficiency and implement corrective measures; (f) ensure quality customer service is always provided; (g) identify risks and mitigate such risks; (h) ensure proper management oversight is always in place.

WORK EXPERIENCE

• Extensive experience within a complex financial services (and/or highly regulated) environment in bank operations, payments processing or corporate treasury services
• Comprehensive understanding of key banking regulations

FUNCTIONAL SKILLS

• Thorough understanding of commercial banking operations, bank documentation, foreign and domestic wires, ACH, and check payments, merchant processing settlement functions and other common corporate treasury services
• Advanced knowledge of:
  • Front to back foreign and domestic payments operations processing flows
  • Relevant {region-specific] regulations
  • SWIFT, FED, CHIPS format
  • ISO 20022
  • Banking regulations
  • Payment Systems infrastructure
  • NACHA rules
  • Fraud
  • Compliance
  • Sanctions screening
  • USD and FC Clearing Operations
  • Risk management and audit methodologies
  • Fixed Assets capitalization & maintenance
  • Reporting and reconciliation processes
  • Analysis of various financial instruments

FOUNDATIONAL SKILLS

• Demonstrates leadership
• Communicates effectively
• Identifies multiple paths to success using analytical and critical thinking as well as decision-making skills
• Operates strategically to support a culture of continuous improvement and systems thinking
• Makes sound business decisions in a complex work environment
• Collaborates with other business functions and divisions to advance business objectives
• Is flexible, decisive, and able to establish support from leadership
• Monitors industry trends and best practices and applies insights to advance the business
• Exhibits and fosters optimism, resilience, flexibility, and openness to others' ideas
• Inspires innovation and values learning as a lifelong professional objective
• Leads by example, engaging inclusively and with intent
• Always acts with integrity

RESPONSIBILITIES

• Oversee financial wires and other electronic financial transactions
• Manage documentation and instructions for SWIFT, EDI, and client internal origination processing,  limits, and money transfers
• Continuously evaluate internal process controls to identify payment operations weaknesses and any associated risks, make recommendations on how to mitigate those risks and implement improvements
• Work with internal and external stakeholders to enhance payments configuration, payment processing, and file transmission services
• Ensure compliance with all industry, federal, state, and Bank Secrecy Act regulatory requirements across processing activities
• Identify and resolve wire compliance issues
• Oversee setups of other products, including cash pooling, automatic sweep, reverse sweep, and zero balance accounting
• Manage electronic transfer processes
• Approve customer lifting charges related to wire transfers
• Purchase currencies through foreign exchange system
• Ensure foreign wire application instructions are shared with customers
• Manage customer funds transfer documentation
• Ensure balances and reconciliation transactions are processed according to electronic funds transfer policies and procedures
• Review sanctions alerts; provide regulatory and disaster recovery testing
• Analyze reports taking action where needed

Education:

•Bachelor's degree i or a closely-related discipline, or an equivalent combination of formal education and experience

“Visa sponsorship/support is based on business needs. We do not anticipate providing visa sponsorship/support for this position.”

The typical base pay range for this role is between $113k - $138k depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonuses and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

The above statements are intended to describe the general nature and level of 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 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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.