MUFG Bank, Ltd.

Vice President - Outward Remittance Team - Remittance Department

MUFG Bank, Ltd.
Salary provided
Posted on 30 Oct 2020

Vice President - Outward Remittance Team - Remittance Department

MUFG Bank, Ltd.

Job Highlights

  • Multinational Bank
  • Attractive Benefits
  • Stable Environment

Job Description

Key Responsibilities:

  • To manage the daily operations of the team, telecommunication message and relevant activities or systems to ensure all transactions are processed, settled and reported in a timely manner
  • To lead on project and act as representative of Remittance department
  • To perform the reconciliation of any daily pending/unprocessed/irregularity transactions
  • To support in determining the level of support on new product offerings and managing the risk profile for the department
  • To investigate operational incidents/errors and prepare draft reports, providing countermeasures/recommendations for improvement to mitigate risk in future
  • To support development of the department’s strategy including but not limited to review and re-engineer current procedures/workflows to enhance efficient remittance operations
  • To participate in ad-hoc exercise in response with the inspections and examinations by auditors, authorities, or regulators
  • To manage the departmental budgeting and closely monitor the expenditure
  • To develop and maintain strong stakeholder management with key stakeholders both within MUFG and externally
  • To deliver a high quality of service to enhance the function’s reputation and meet customer’s expectations
  • To work in partnership with various departments including but not limited to Relationship Managers, Global Markets, Transaction Banking, Compliance and relevant Stakeholders to consult on complex transaction issues
  • To work in partnership with external customers to support and resolve customer enquiries and provide excellent customer service
  • To work in partnership with Compliance when transaction occur that may be subjected to restrictions, including but not limited to, Sanctions, MUFG’s standard procedures and local regulations
  • To update the Branch operations manual from time to time and to update all policies to ensure alignment to regulations
  • To support in managing the risk profile for the department
  • To adhere to the department’s strategies and requirements from compliance, branch management and Head Office

Job Requirements:

  • University degree qualification
  • Minimum of 10 years of relevant experience
  • Minimum of 5 years at manager/supervisor level with people management and project lead.
  • Strong coaching, mentoring and leadership skill to lead and manage the team
  • Sound knowledge cash management/domestic and foreign, inward and outward remittance operations, cable operations. Knowledge about GPP (Global Payment Plus) is preferable.
  • Strong communication and presentation skills to influence using technical data and information to support the line of reasoning
  • Good knowledge of AML requirement applicable to remittance operations
  • Substantial experiences in high volume of payment transactions with banking systems
  • Good personal integrity and control mind set
  • Good communication skills and proficient in written and spoken English
  • Excellent computer literacy, especially in Microsoft Office Excel and Word

We regret to inform that only shortlisted applicants will be notified. Personal data collected will be used for recruitment purposes only.

Additional Information

Career Level
Not Specified
Years of Experience
Not Specified
Job Type
Full Time, Permanent

Company Overview

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,700 locations in more than 50 markets. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning more than 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.

For more information, visit

Additional Company Information

Benefits & Others
Dental insurance, Five-day work week, Life insurance, Medical insurance, Performance bonus