MUFG Union Bank Front Office Control Oversight 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), the 5th largest financial group in the world. Across the globe, we’re 180,000 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.
Front Office – Supervision and Controls oversight
Provide support and training to Sales & Trading (S&T) for all Operational Risk and Control requirements.
Develop and maintain S&T Operational Risk processes, controls and reports, ensure Sales & Trading Desk Heads have visibility of key controls impacting their business and risks, near real-time where possible.
Assist S&T to capture/document operational risk incidents and any associated actions – help to ensure FO-owned actions are resolved in a timely manner
Update and maintain the system of record (OpenPages) for all risk, control, SIIs (self-identified issues) and op risk incidents for the FOC team and wider S&T where required.
Support S&T in their assessment of risk and controls (RCSAs) across each FO Desk
Assist with maintenance of the MUSE Supervision Dashboard and associated reporting
Assist with administration of MUSE S&T governance Fora (collate meeting packs, take Minutes etc) and liaise with Members and action owners where required.
Assist with maintenance of the MUSE S&T Controls Dashboard and support resolution of data/hierarchy issues
Monitor KRI thresholds between Business and Control/MI Owners
Support administrative tasks for the team, e.g. monitoring of Joiner/Mover/Leaver changes within S&T and ensure this feeds into Trader mandate list, Supervisory lists, regulatory monitoring processes.
Pro-actively enhance and promote positive conduct and risk culture by ensuring accountability and responsibility is clear across S&T.
Continue evolving the control framework and devise and deliver solutions to sufficiently mitigate existing and emerging risks within S&T
Review and challenge regulatory control MI and ensure that this achieves both risk management and control oversight requirements for Supervisors
Help to support the development and implementation of regulatory initiatives impacting Sales and Trading
Develop strong working relationship with 1st Line teams (e.g. S&T, Business Management, Ops, TEC, IDM) and 2nd Line teams (e.g. Compliance, Financial Crime and Op Risk) to ensure ‘best in class’ support models for S&T.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Ability to quickly understand the local nuances regarding systems and internal relationships between departments
Good knowledge of risk management and risk mitigation approaches
Basic understanding of current regulatory requirements
Pragmatic and practical approach to the implementation and application of regulations
Good knowledge of operational risk practices
Good knowledge of Industry standards and Sales and Trading Business practices
Good knowledge of Derivative products and trade flows
Previous experience of working in, or directly supporting, a Sales and Trading Business
Knowledge of data aggregation and MI creation from low level data; trend analysis
Compliance Advisory or Middle Office experience would be useful
Experience as part of a FO regulatory implementation project.
Front Office Supervision or Controls knowledge/experience useful
Sales and Trading product exposure through previous roles (in Business or as part of a Business facing team)
Education / Qualifications:
- Degree or equivalent
- Additional industry qualifications would be useful (risk, compliance, regulatory)
Personal alignment to MUFG Values
Integrity & Responsibility
Professionalism & Teamwork
Challenge ourselves to grow
Personal alignment to EMEA Cultural Principles
Listen Up, Speak Up
Innovate & Simplify
Own & Execute
Excellent communication skills
A proactive, motivated approach.
The ability to operate with urgency and prioritise work accordingly
A structured and logical approach to work
Strong problem solving skills
A creative and innovative approach to work
Excellent interpersonal skills
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
Excellent Microsoft Office skills
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
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute