MUFG Union Bank Jobs

Mobile mufg Logo

Job Information

MUFG Vice President, Senior Reviewer, Compliance Assurance and Testing 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.

Overview of the Department/Section:

Compliance Assurance & Testing (CA&T) is responsible for leading and/or delivering a comprehensive risk based assurance programme across the bank and securities business activities of MUFG in London and the EMEA region. The work of the department extends to conducting reviews, deep dives, communications monitoring, investigations and trade surveillance. Effective delivery of this programme requires collaboration with other Compliance Departments and engagement with all business and operational areas.

Main Purpose of the Role :

To contribute to the overall success of CA&T and its objectives by delivering a risk based programme of second line compliance for MUFG’s EMEA region. The role includes support of both the Global Head Offices’ assurance programmes and EMEA based testing which may also include opportunities to travel to offices located within EMEA. The role may involve ad-hoc investigations, projects and thematic reviews. You may also be asked to support wider initiatives and undertake other tasks and responsibilities in CA&T.

Key Responsibilities:

For dual hat only

In this role, you will be responsible for the compliance assurance and testing programme across MUFG’s banking and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you.

You will be expected to contribute to the overall compliance assurance and testing framework by:

  • Apply experience as an SME to lead, manage and own the delivery of technically complex, well-articulated and comprehensive risk-based thematic and desk reviews of the London and EMEA business areas to provide assurance over compliance and conduct risks to key stakeholders

  • Develop and/or enhance test programmes on an ongoing basis

  • Track, manage and take ownership of the remediation of compliance & conduct issues by working with relevant business stakeholders

  • Build and maintain good relationships with all stakeholders to include Bank & Securities Head Offices, Front Office and Operations, EMEA Compliance Officers, Audit and internally - providing support where needed

  • Complete the regular and ad-hoc tasks necessary to complete the reviews, monitoring, testing and/or surveillance and other work which makes up the department’s risk-based testing programme.

  • Participate in departmental compliance and conduct risk assessment exercises to help direct the work of the department.

  • Provide regular MI for management and Head Office including clear explanation on how an identified issue increases risk for the firm.

  • Perform ad-hoc investigations where required which may include performing electronic and audio communications monitoring to identify and investigate compliance and/or conduct breaches by staff

  • Assist Testing management in the creation and delivery of the department’s Assurance Plan by identifying key areas of focus for reviews

  • Take ownership and lead on managing own career, personal and professional development. Identify opportunities and platforms to enhance Compliance, Regulatory and Financial Industry knowledge and experience to continue to improve product and services knowledge across MUFG which can be reflected in reviews, communications and interactions with stakeholders including to the CA&T team, division and senior management.

  • Contribute to the success of MUFG's strategic iniatives by leading and managing Compliance projects and representing Compliance on wider projects providing Compliance SME input. This will include providing ongoing project support, collaborating globally with key stakeholders to achieve the project's objectives and managing time effectively to balance project workload and conflicting priorities with an understanding of the broader team priorities

  • Coach, support and train junior members of the team possibly including direct line management of small team.

  • Other ad-hoc tasks as requested by management

Direct Reports: Likely two

  • You will be expected to perform your responsibilities under the supervision of, and reporting to, a line manager. You will be expected to ensure that your line manager is fully aware at all times of your activities and to escalate any issues to the line manager or the Head of Department.

  • You may also be expected to provide line management for junior members of the team.

Skills and Experience:

Functional / Technical Competencies

  • Excellent Microsoft Office (including Excel) skills

  • Strong relationship management skills, including with senior stakeholders

  • Effective time management skills, with the ability to produce high quality output and meet tight deadlines

  • Problem solving, analysis and reporting skills

  • Ability to exercise sound judgement, balance risk and practicality to determine appropriate actions/ solutions

  • Excellent presentation and interpersonal skills - ability to communicate clearly and concisely both in person and in writing to articulate how an identified issue increases risk for the firm

  • Good understanding of Investment Banking and Markets risks and regulations

  • Ability to scope reviews, create test scripts and review the work of others

  • Strong compliance testing experience required

  • Broad understanding of the FCA Handbooks, Regulatory approaches & OFAC Standards

  • Good leadership capability

Experience

Essential:

  • 6 years+ of experience in a Compliance Assurance and Testing role

Education / Qualifications

  • Degree level

  • Relevant industry qualifications relating to Compliance preferred, e.g. CISI

Behavioural Competencies

  • Attention to detail

  • Has practical ideas and makes recommendations that challenge current practice

  • Takes a solution focused approach to promote continuous improvement

  • Incorporates new behaviours and changes quickly to serve as a role model to others

  • Fully supports a ‘best practice’ environment

  • Identifies opportunities to improve processes

  • Is a team player and is willing to teach and help other members of the team

Personal 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 with 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

  • 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

  • A confident approach, with the ability to provide clear direction to others in the team

  • A strategic approach, with the ability to lead and motivate those within your team

  • The ability to articulate and implement the vision/strategy for the CA&T department

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

DirectEmployers