Job Information
MUFG Director, Regulatory Reporting - Senior Programme Manager in London, United Kingdom
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 120,000 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.
Dept overview:
The team is based in London with oversight, prioritization & delivery for the International Securities business portfolio and Bank London branch portfolio’s. The Delivery portfolio is delivered across key regional programs of work (Front Office, Regulatory Compliance & Operations, Finance, Risk & Data , Human Resources, Technology, and Planning), and overseen by the Regional Portfolio Committee.
Outside of the core Programme delivery portfolio; the Change management function leads a stream that develops and delivers Strategic or Transformation programs of work. The objectives of these are predominately to drive simplification and deliver a sustainable operating model in EMEA that is aligned with strategic business or functional targets. This stream currently manages the delivery of various initiatives that help define and delivery against strategic or Medium Term Business Plan initiatives for EMEA management.
Over the past three years, MUFG in EMEA has embarked on an integration journey between MUFG Bank London and Securities to support the delivery of a sustainable business and operating model for the longer term business growth that aligns with internal performance objectives and externally to support our Clients and Market footprint in EMEA
NUMBER OF DIRECT REPORTS
2 (TBC)
MAIN PURPOSE OF THE ROLE
The successful candidate will be part of the Operations Change function.
Among other Program Management tasks, the candidate will be responsible for managing a team of Project Managers, running Program Delivery Board meetings, managing budgets, interfacing with senior stakeholders in Operations, Technology, Front Office, Legal, Compliance and other functional areas
Successful candidate will be responsible for ensuring success of the program and act as first level of escalation for Project Managers. Should be astute enough to navigate the organisation and resolve issues on their own and if necessary escalate issues early to the Project Sponsor
Program Manager is responsible for quality and consistency of management reporting. Should be a spokesperson and champion of strong performers and help the team develop and grow
When required, the candidate must be able to facilitate high level business analysis and translate facts and figures to allow for streamlined decision making by non subject matter experts and senior stakeholders
Experience in Regulatory Trade and Transaction Reporting – CFTC or EMIR or MiFID is a must in order to ensure quick understanding of content and anticipating risks or issues. Preference will be given to candidates with broad, multi-jurisdictional background
The candidate will need to have extensive experience in Investment Banking, with strong Middle and Back Office experience. Strong communication and interpersonal skills is a must, and candidate must have a well organised structured approach to managing medium to large projects and work with senior stakeholders, subject matter experts and consultants.
The right candidate will work closely, from front to back, with Project Managers, Functional Subject Matter Experts (SME) leads, Compliance SMEs and crucially Technology leads in order to successfully drive agenda and program agreed with Accountable Executives (AEs) and Project Sponsors in support of delivering against planned initiatives, the definition and running of fact finding and decision making meetings, Working Groups, and Steering Committees to achieve tangible outcomes required to deliver against business objectives.
Key Responsibilities
Co-ordination across projects/ work streams and across wider project to ensure synergies are identified and optimised
Partner with key stakeholders across the 1st and 2nd LoD to ensure compliance with relevant firm policies and framework, understand external regulatory expectations and industry standards, where appropriate
Work with Consultants, 1st 2nd and 3rd lines of defense in the creation and successful implementation of a revised Risk and Control function and associated frameworks.
Oversee analysis/ output and form clear recommendations and proposals that are based on sound business rationale ensuring consensus and collaboration with functional partners required to opine or sign off
Run and manage Programme Delivery Board, steering committees, working groups (cross functional) and ensure accountability of actions against planned timelines.
Be a trusted partner functional stakeholders and Planning department ensuring updates, issues and consensus is effectively managed and delivered.
Manage implementation deliveries ensuring transparency of Risks, issues and dependencies that are fully aligned to functional / business owners.
WORK EXPERIENCE
Essential:
Proven track record of Programme Development and delivery of Trade & Transaction Reporting (specially in Derivatives) change projects experience of developing framework models or their implementation.
Experienced in delivery of regulatory change projects.
Governance across the three Lines of Defence and experience of defining frameworks / implementation and handover to BAU
Transformation delivery and change management – overall strategic and or transformation led change and delivery experience
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Essential
Strong understanding of Trade Reporting rules – EMIR, MiFID, CFTC
Strong understanding of the project lifecycle
Front to back understanding of IB Operating model with good Front Office / product knowledge.
Experience in development of strategies; implementation of strategic or transformation programs / projects
Experienced interaction of delivering front to back solutions with demonstrable knowledge/interactions with functional divisions e.g. Finance, Ops, Risk, Legal, Compliance
Direct experience in managing multiple functional stakeholder (senior level) and consultants to derive clear and tangible outcomes
Education / Qualifications:
Degree level (min)
Programme/Project management or Financial markets led accreditation (beneficial)
PERSONAL REQUIREMENTS
Excellent communication skills
Result & Delivery driven, with a strong sense of accountability
A proactive, motivated approach.
Conflict management ensuring collaborative outcomes
Strong decision making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
The ability to manage large workloads and tight deadlines
Excellent attention to detail and accuracy
A calm approach, with the ability to perform well in a pressurised environment
Strong numerical skills
Advanced Experience of MS Project and or other PM tools (Planview)
Microsoft Office skills (specifically Powerpoint, Visio, Excel & Word).
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 emended 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 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
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute