MUFG Assistant Vice President- Audit Manager-Risk & Legal in London, United Kingdom
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we’re 160,000 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.
MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
As one of the largest financial groups globally with a vison to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards. Behaving with integrity and responsibility, underpinned by a desire to build a culture which is fair, transparent, and honest, drives everything that we do. We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
Please visit our website for more information - mufgemea.com.
EMEA Internal Audit Office (EIA), as the Bank’s third Line of Defense, and in accordance with the Global Institute of Internal Auditors (IIA) International Standards (IIA Standards), provides independent assurance to the Board and Executive Management on the quality and effectiveness of governance, risk management and internal controls to monitor manage and mitigate key risks to achieving the Bank’s objectives.
NUMBER OF DIRECT REPORTS
MAIN PURPOSE OF THE ROLE
Audit Managers are responsible for the execution and delivery of audit engagements, working within
audit teams on the scoping, planning and reporting of audit engagements, issue validation and
continuous monitoring activities. On occasions, they might act as audit leads. Delivery and execution of
all engagements must adhere to audit methodology and standards, meet established deadlines and
include formal sign-offs of key documents and processes within the audit file.
Specifically, key responsibilities of the Audit Manager – Risk Management will include:
- Undertaking effective ongoing monitoring of certain elements of the EMEA portfolio, highlighting key
risks and issues to business and EIA management.
Contribute to the maintenance of the risk universe, risk assessments and audit plans where required.
Develop knowledge in key areas of the Risk and Legal portfolio. These areas will be agreed
by the Head of Audit based on the team’s skills assessment matrix.
- Build and maintain a ‘trusted advisor’ relationship with key stakeholders and auditees within their audit
engagements or areas of continuous monitoring.
- Execute and deliver aspects of audit engagements with minimal supervision and to the required
methodology and Quality Assurance standards.
Apply audit methodology to all work performed, seeking guidance as required.
Discussion and agreement of potential findings and management action plans with key business
Proactive coordination of issue follow-up with stakeholders.
Develop an appreciation of risk and control, acting as one the drivers for a successful risk and control
Support Head of Audit, Audit Director and Senior Audit Managers (SAM) on strategy and approach papers for entities and risks within their Head of Audit’s portfolio.
Undertake continuous monitoring assignments.
Work collaboratively with all Internal Audit colleagues regionally and globally.
Travel across EMEA may be required.
Experience of working within the Financial Services sector.
Good understanding of Risk Management.
An understanding of the regulatory environment in the EMEA region.
Knowledge of how to use data analytics to drive continuous risk monitoring and perform audits.
Experience of working in a similar audit function for a major corporate/investment bank or Big-4 firm.
Experience in auditing corporate banking, structured finance, transaction banking and/or global markets with a good appreciation of the risks/risk environment associated with the 2nd Line of Defence covering those business areas.
Experience of banking environments and applicable regulations across EMEA (i.e. Continental Europe) would be useful.
SKILLS AND EXPERIENCE
Knowledge of auditing methods and industry practices.
An understanding of banking and financial services is required.
Understanding of financial products, their risks and processes associated.
Good knowledge of controls required to mitigate those risks.
Good understanding of risk management and compliance matters.
Education / Qualifications:
Higher education or equivalent industry experience.
Professionally qualified (ACA, ACCA, CFA, etc.).
Relevant industry qualifications e.g. CIA, ACT, CF, ICA are desirable but not essential.ONAL REQUIREMENTS
Excellent communication skills
Results driven, with a strong sense of accountability
A proactive, motivated approach.
The ability to operate with urgency and prioritise work accordingly
Strong decision-making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Strong problem-solving skills
A creative and innovative approach to work
Excellent interpersonal skills
Excellent attention to detail and accuracy
PERFORMANCE AND DUTIES
The role holder will be assessed in accordance with their employing entity’s performance framework and
process with relevant input obtained from the dual hatting entity as relevant.
As duties and responsibilities change, the job description will be reviewed and amended in consultation with
the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the
role as requested by their line manager or Department Head.
MANAGING CONFLICTS OF
MANAGING CONFLICTS OF INTEREST
The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.
We are open to considering flexible working requests in line with organisational requirements.
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute