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MUFG Union Bank Compliance Testing Officer, Vice President in New York, New York

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.

Job Summary:

Americas Compliance Testing (ACT) is an integral part of the Company 's Regulatory Compliance Risk Management function. This position executes a compliance testing program designed to meet heightening regulatory standards and expectations pertaining to Federal and State laws, regulations, and supervisory guidance overseen by the Compliance Group.

This influential position will perform compliance testing reviews on the Region 's Sales & Trading business units with focus on the Swap Dealer compliance program. The Compliance Officer will work closely with ACT teammates and various key regional and global business partners to deliver an effective second line of defense testing program that meets senior management and regulatory expectations.

Additional reviews will include desk, branch and targeted assessments, which are primarily focused on evaluating effectiveness of controls and compliance with Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC) and Investment Industry Regulatory Organization of Canada (IIROC) rules, and MUFG policies and procedures, including their extra-territorial application.

Experience with compliance monitoring, auditing, or testing reviews and/or issues management and remediation for the regulatory requirements of the CFTC and the NFA are required. Experience with the following areas is highly preferred: FINRA, IIROC and the Volcker Rule.

Major Responsibilities:

  • Assess the adequacy of first- and second line of defense controls and prepare reviews for senior management detailing assessment of the effectiveness of the Swap Dealer program for in-scope CFTC rules.

  • Conduct analysis related to laws, rules, regulations, and best practices related to the Swap Dealer and security-based Swap Dealer compliance.

  • Assist Compliance Testing teams from EMEA and APAC with advisory coverage of the relevant U.S. Swap Dealer regulations.

  • Assist in responding to regulatory inquiries, audits, examinations, and investigations.

  • Work either independently or as part of a team in executing test programs and supervise and review the work of others that may be assisting on a review.

  • Identify control and compliance issues, assess, and document the related risk, identify the root cause, and make reasonable recommendations for resolution.

  • Responsible for ongoing communication with clients throughout the testing process to keep them apprised of progress and findings.

  • Write clear, concise, and analytical evaluation reports and other workpapers summarizing level of risk, scope, objective, findings, and recommendations, consistent with the established procedures and templates.

  • Adhere to the Bank 's risk vision, and risk management policies and programs, and identify and effectively manage risks associated with activities in the business lines we support.

  • Responsible for the establishment or enhancement of test or review programs associated with Market 's compliance and internal program standards.

  • Lead complex compliance reviews.

Qualifications:

  • Strong academic credentials minimum BA or BS degree from an accredited university; Master's degree preferred, professional qualification such as Certified Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Regulatory Compliance Manger (CRCM), Certified Internal Auditor (CIA), or other related professional certification preferred.

  • Minimum of 5 to 7 years ' experience in audit, regulatory examination, compliance testing, or similar capacity.

  • Minimum of 3 to 5 years ' experience within the banking and financial sector, with a focus on Federal and State laws, regulations, and supervisory guidance, risk management, or a combination of these disciplines within support functions such as Risk Management / Compliance Governance Programs, Human Resources, Finance, Legal, etc.

  • Familiarity with applicable SEC, FINRA, CFTC, NFA, FRB, and international banking rules applicable to foreign banks. Knowledge and understanding of the Dodd-Frank Act Title VII as it pertains to the obligations of Swap Dealers and security-based Swap Dealers.

  • Strong overall knowledge of Over The Counter (OTC) derivatives products across rates, credit, foreign exchange, equities, and commodities.

  • Solid research, analytical and writing skills required.

  • Ability to analyze processes and identify risk including assessing changes in processes, making recommendations, and communicating results both verbally and in writing.

  • Demonstrate knowledge of and be sensitive to the current regulatory environment.

  • Strong work ethics and capacity to act both as an individual contributor who is self-motivated and to serve as a team member.

  • Ability to multi-task and work in a dynamically changing environment.

  • Demonstrated ability to develop and maintain cooperative, collaborative, and productive business partnerships.

  • Spanish, Portuguese, or Japanese language skills are preferred but not required.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.

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

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