Vice President, Compliance Systems Tuning and Optimization SME Vice President, Compliance Systems Tuning and  …

in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 03 Jun 20
Competitive package awaits you!
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 03 Jun 20
Competitive package awaits you!
Compliance Office for Asia (ACO) – Compliance Technology (CTD) MUFG Bank, Ltd Job Responsibilities:

Job Responsibilities:

  • Lead Tuning and Optimization of Financial Crime and Core Compliance technology systems as per Global tuning framework
  • Drive and Project manage Financial Crime and Core Compliance technology work streams including but not limited to those arising from the following areas:
  1. Transaction Filtering
  2. Customer Screening
  3. Trade Finance Screening
  4. Case Management
  5. Lists Management
  6. Systems Testing and Tuning
  7. Systems Inventory
  8. Data Analytics
  • Be the point of contact for regional tuning and optimization of Fin Crime systems and provide support to local offices as applicable
  • Provide support for developing, tuning, optimizing and modifying scenarios, rules, and parameters to improve transaction monitoring and screening systems
  • Build and maintain positive relations functional teams globally, regionally and locally
  • Assist in the deployment and enhancement of model risk and optimization programs
  • Document and ensure models are in compliance
  • Coordinate with the model risk management team on model validation engagements, including planning model validation and provisioning of request items
  • Work collaboratively across functional teams in the regions and local offices
  • Drive smooth operation of Global Tuning Program to ensure that systems are being tuned, periodic testing is being performed, regions/local branches are following GFCD Technology tuning methodology, etc.
  • Provide the Head of GFCD Technology and Head of GFCD Data Governance with a monthly summary of approvals provided to the applicants
  • Review applications for updates to FCC Systems applied for by Local branches
  • Conduct Q&A sessions with applicant as needed to ensure all information required for an accurate assessment of an update to an FCC System is captured
  • Complete "Internal Memorandum" to document the assessment, conditions (if any), and the decision
  • Inform RFCO Data Governance of outcome of each assessment conducted
  • Review UAT Plan and related test cases
  • Approve or reject UAT Plan and notify applicant of the decision
  • Review UAT results, confirm the results in the “Confirmation Sheet” and inform GFCD Technology
  • Specific tasks will include (but not limited to):
  1. Working closely with Regional Change and Delivery manager
  2. Organize and participate in project meetings and workshops to define solutions and building consensus to achieve defined milestone as per project plan
  3. Assist in developing business requirement document to include local and regional requirements and user requirements for feasibility study, proof of concept and project implementation
  4. To liaise with Technology, operations and Regional and Global compliance teams to translate user requirements into clear and consistent functional      specifications
  5.  To perform impact assessment of requirement to systems, process and            operations with key focus on local and regional requirements
  6. To review project scope and assist Project lead in building consensus for signoffs
  7. To create, update and maintain project documents to capture both local and      regional regulatory intricacies well within pre-defined project milestones
  8. To define testing requirements and engage necessary teams and seek approval for functional and user acceptance testing
  9. To review test plans for correctness and participate in system testing from region to cover local and regional requirements
  10.  To define and conduct user acceptance testing as per project plan
  11. To build consensus between stakeholders to obtain signoffs onrelevant project  milestones
  12. To work closely with business users to enhance operational effectiveness and  identify improvements in non-automated components of payment processing    and trade finance process
  13. On need basis, assist Regional head of sanctions in systems related changes   including low to medium impact to systems resulting from self-assessment,      audit findings, tests or independent checks and regulatory changes.


Job Requirements:

  • Broader understanding of banking products and compliance functions in a financial institution
  • Previous experience in Tuning and Optimization of Financial crime and Core Compliance systems
  • Good understanding of Transaction Filtering, Customer Screening, Transaction Monitoring and KYC systems is a must
  • Should possess knowledge of SWIFT standards for payment processing systems
  • Should poses strong analytical skills, problem solving skills and structured analysis
  • Ability to translate user requirement into clear and concise functional requirements
  • Proven track record in leading or at least playing an active/first-hand role in implementing sanctions screening and AML solutions regionally/globally
  • Ability to work independently with minimum supervision
  • Excellent verbal , written, analytical and negotiation skills
  • Well organised and disciplined in maintaining project documentation
  • Confident and comfortable in dealing with senior management/stakeholders
  • Ability to work flexible hours from time to time due to time zone differences
  • Excellent time management and strong discipline in keeping to project milestones
  • Experience in conflict resolution, consensus building and management of competing priorities
  • Willingness to take on ad-hoc tasks as assigned from time to time
  • Proficient in Microsoft Office applications
  • Candidates with Excel macro skills and SQL knowledge are preferred


We regret to inform that only shortlisted applicants will be notified.