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MUFG Vice President, Senior Audit Manager - Core Compliance (12 month FTC) 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 7th largest financial group in the world. 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.

Senior Audit Managers are responsible for the execution and delivery of audit engagements, working within audit teams on the scoping, planning and reporting of audits, issue validation, continuous monitoring and risk assessment activities. Where they are assigned Auditor in Charge role, they will act as audit leads and guide the more junior members of the teams through complex engagements. When they are assigned execution role on audits run by other SAMs, they will be expected to proactively support with the execution of the audit and perform testing as required. 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. As they become more experienced, Senior Audit Managers be given line management responsibility and will be expected to provide guidance, coaching, and serve as a reference to the department in terms of subject matter expertise. With time they may be assigned responsibilities to manage stakeholder relationships, own sub-portfolios and lead continuous monitoring assignments.

Key Responsibilities

Specifically, you will be accountable and responsible for taking appropriate action with respect to MUFG Internal Audit, EMEA (EIA), including:

Audit Delivery and Planning

  • Responsible for the maintenance of the risk universe and risk assessments of assigned Core Compliance Auditable Entities.

  • Responsible for s upporting the Audit Directors to dynamically manage the audit plan for the assigned portfolio considering whether it remains relevant throughout the year, proposing changes as appropriate. Escalate any challenges that might impact the audit delivery timelines to Audit Directors in a timely manner.

  • Responsible for the execution and delivery of the assigned Core Compliance audits within the audit plan and issue management/validation on time and within EIA Key Performance Indicators (KPIs), with limited supervision and to the required methodology and Quality Assurance standards. In particular:

  • In certain teams, SAMs may be assigned responsibility to schedule/execute audits effectively to maintain full utilisation in line with expected capacity expectations and to achieve the step change in audit durations according to EIA KPIs.

  • Deliver risk-based audit engagements and demonstrate appropriate coverage of the key risks.

  • Project manage audit engagements with clear focus on timelines with strong supervision of the team deliverables, including timely review of workpapers.

  • Monitor audit delivery effectively and deliver within the deadline set; and meet interim milestones and avoid overruns.

  • Escalate and agree potential findings and management action plans through the life of the audit sprint by sprint with key business stakeholders.

  • Maintain regular touchpoints with stakeholders to drive and support effective issue management and promptly escalate challenges.

  • Deliver audit files that meet all QA standards.

  • Ensure data quality is in line with data quality related deadlines and expectations.

  • Responsible for proactive coordination of issue follow-up with stakeholders and prompt escalation of challenges; and for validating issues to the required quality standards and within relevant KPIs leveraging desktop validation where appropriate.

  • Responsible for enabling the embedding of the Data Analytics agenda, by generating proposals audit by audit for full-population and other outcome test ideas for all areas and audits within the portfolio, meeting team specific KPIs.

  • Responsible for producing audit reports to be written for an executive audience - impactful, clear key messages, factual, active voice and written in line with effective business writing requirements and needing minimum edits by Audit Directors/ExCo/CAE.

  • Responsible for supporting the Audit Directors to provide clear, concise and accurate senior executive and governance committee papers on time – including Audit Committee, Risk Committee Control Environment and MCA Opinions.

Stakeholder Relationships

  • Responsible for developing and maintaining constructive, collaborative relationships with relevant [senior] stakeholders providing a commercial perspective and effective challenge and guidance as ‘an independent respected’ voice. Share feedback from industry network and other external sources; partner on initiatives and remediation activities. Support of the One MUFG and overall Group strategy.

  • Responsible for establishing regular meetings with [senior] stakeholders, building trust, and bringing a collaborative mindset and a calibrated view on risk when providing check and challenge.

  • Responsible for supporting the embedding of the agile framework to improve frequency and quality of stakeholder interaction during audits and have the teams raise issues as they go. Collaborate with stakeholders to achieve effective agile outcomes - remove blockers, achieve shorter audit execution times, improve the stakeholder experience.

  • Responsible for supporting the Portfolio Director’s influence of change within the organisation by providing insights on industry risk and control best practices and emerging risks.

  • Where assigned by the ExCo/Audit Director, responsible for partnering with stakeholders to demonstrate impact and influence through tangible outcomes and raised standards of controls and behaviours in the Stakeholders Control Environment. Responsible for generating their own ideas to achieve the same goal.

  • Through Continuous Monitoring, responsible for identifying and escalating emerging risk or any material changes that might impact the audit universe, risk assessment, audit plan to Audit Directors/ExCo.

  • Responsible for representing EIA in delegated governance fora, working groups and relevant committees as assigned by Audit Directors/ExCo /CAE and providing effective check and challenge.

  • Responsible for identifying opportunities to show broader enterprise wide leadership outside the function, through I&D type roles, thematic analysis or integrated assurance work.

  • Responsible for communicating with Executive presence to senior management and Committees - focus on being crisp in communication and coach/manage the others in your team. Through the oversight of assigned stakeholder population, identify any members of senior management where more investment of time is required.

Leadership and Team Transformation

  • Responsible for actively participating in the development and implementation of the long-term vision, strategy and target operating model of Internal Audit. In particular, responsible to:

  • Create a culture of high performance and continuous improvement. Set high standards of performance and behaviour for self and the team.

  • Demonstrate personal leadership and engagement. Demonstrate curiosity – seek out new experiences, ideas and knowledge, seek feedback and learn new things to develop. Learn from mistakes in the organisation and the industry.

  • Own the message - consistently support strategic messages and plans, overcome resistance and drive progress and cultural change through the team.

  • Actively participate in recruitment.

  • Actively engage and participate in MUFG Inclusion & Diversity initiatives and the various EMEA Employee Networks.

  • Demonstrate a broader commercial perspective and look for opportunities to show “Enterprise Wide” leadership outside of EIA.

  • Share relevant read-across topics with the stakeholders and within EIA.

Inspire the team and improve people practices and career development within EMEA IA

  • Responsible for supporting the Audit Director to develop a high performing team through quality of performance and talent management, motivation and inspiration of staff, promoting a positive workforce culture and taking accountability for actioning employee survey results. In particular, responsible to:

  • Collaborate with Audit Directors and ExCo to deliver the MUFG Audit Vision and Strategy, and a united vision to our people. Create a common employee experience.

  • Display a sense of urgency to complete tasks within short turnaround times and holding the team accountable for non/late delivery of required tasks or quality.

  • Drive an output-orientated culture through flexibility with hybrid working, embracing new ways of working (including MS Teams) and ensuring 3 day required office attendance.

  • Drive and create a safe working environment that upholds MUFG and EIA culture principles especially those related to D&I, Speak up Listen up.

  • Flex communication style to more effectively build relationships within the team and with stakeholders.

  • Create trust with staff, role model vulnerability and act on feedback in the right way to facilitate upwards feedback.

  • Drive and create opportunities to increase staff engagement and recognise and celebrate individual and team success.

Line management

  • Responsible for building (via recruitment, restructuring and internal development) a team of high-quality professionals that will achieve the objectives of the broader MUFG Group to leverage the strategic advantages.

  • Responsible for ensuring that all staff in your remit are fully trained and understand what is required of them in order to do their jobs effectively, including ensuring that job descriptions, objectives/personal development and performance reviews are provided for all staff at least once a year in accordance with Human Resources requirements, continually monitoring their competency in order to meet the requirements of the relevant regulator’s training and competency regime, handling appropriately any grievance or disciplinary issues.

  • Responsible for ensuring that any responsibilities that you have delegated to other staff, including those in respect of regulatory obligations (where applicable), are appropriately apportioned and controlled. Ensure that the staff in question have a clear understanding of these duties so as to ensure that the business and affairs of the function can be adequately monitored and controlled.

Responsible for the line management of all staff allocated to them.

Responsible for acting as a role model line manager through regular high-quality career focused 121s and constructive feedback, delivering the tough messages promptly when required and coaching others to enable employee development.

Responsible for actively coaching others and enabling employee and team development.

Responsible for driving and creating growth opportunities for staff within the team/EIA/MUFG; maintaining a high quality Individual Development Plan (IDP) with specific time-bound action plans; and growing the required skills within the team and addressing skill-gaps.

Responsible for driving and creating opportunities to increase staff engagement and recognising and celebrating individual and team success.

Responsible for understanding individual’s value drivers and career aspirations and inspiring them to high performance and motivating them to take on new responsibilities.

Please note, MUFG operate a hybrid working model – 3 days office based (London)/2 days wfh.

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