Mar 15, 2019

OFAC QA Manager, Vice President

  • MUFG
  • Tempe, AZ, USA
Full-Time Banking

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.

Job Summary

The Office of Foreign Assets Controls (“OFAC”) Testing Manager is part of the first line of defense in protecting the Bank from an operational risk perspective.

Partners with and provide compliance oversight and support to assigned business/support unit(s) to ensure that Compliance Risk is appropriately managed utilizing risk assessment skills and mitigation through an adequate control environment.

Provide guidance on applicable compliance laws and regulations, including BSA/AML, Sanctions, Fraud, Fair Lending, Privacy, and Unfair or Deceptive Acts or Practices “UDAP”

Major Responsibilities:

  • Supervise a team of OFAC testing analysts

  • Design QA framework with formal procedures

  • Coordinate closely with multiple lines of business and second line of defense

  • Lead feedback process with LOB and Sanctions areas

  • Develop reviews of OFAC alerts and perform screening, communication with business units for information relating to OFAC reviews

  • Keep abreast on various OFAC sanctions and related regulations

  • Review and maintain various BSA reports for accuracy, monitor and refer suspicious activities to the appropriate BSA units for further investigation

  • Assume other responsibilities as needed


  • At least three years’ experience with BSA/AML and/or Sanctions in the financial services industry
  • Experience managing a team of self-starting risk/compliance analysts
  • Excellent communication skills, both verbal and written
  • At least 5-8 years’ experience as an internal auditor, regulator or other applicable testing skills in the financial services industry
  • Working knowledge of a variety of bank operations, including front office and back office operations
  • Proficiency in the use of various bank computer systems used to monitor transaction activity such as deposits, wires, cash, and monetary instrument sales.
  • Proficiency using Microsoft Office products
  • Capacity to quickly grasp and understand varying bank products and services and how they may be exploited for money laundering and terrorist financing activities
  • Requires a Bachelor’s degree in business, statistics, operations research, finance, criminal justice or other relevant discipline

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.

Security Clearance

NO Security Clearance

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