MUFG Head of Regulatory Remediation, Managing Director 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 6th largest financial group in the world. Across the globe, we’re 160,000 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.
This is a hybrid position. The recruiter will provide additional details.
The Regulatory Operations and Affairs Office (ROAO) function within at MUFG in the Americas is charged with improving regulatory outcomes by demonstrating subject matter expertise in regulatory remediation and supervisory strategy. The group is charged with both the strategic and tactical management of regulatory agency relationships. Responsibilities include ensuring the continued administrative support for the regulatory activities and relationships, which includes exam and meeting management, review of significant deliverables, and serves as central point of contact for all regulatory inquiries or requests. ROAO will promote clear and consistent internal and external communications, identify emerging regulatory issues, and guiding the development and implementation of management’s strategy concerning regulatory matters. This will include being responsible for providing guidance and strategy related to change management activities for major new regulatory initiatives or rules implementation. ROAO oversees critical regulatory processes including the examination lifecycle, remediation and clearance of examination findings, regulatory reporting and ad hoc regulatory requests.
This position Head of Regulatory Remediation (Managing Director) will report directly to The Head of Regulatory Operations & Affairs and will lead the development of MUFG’s strategy for regulatory remediation issues associated with the firm’s overall Risk Governance Framework. In addition, they will provide guidance for all routine supervisory matters and regulatory reporting requirements associated with all legal entities within MUFG Americas. Objectives include providing leadership, regulatory expertise, and oversight of the examination lifecycle activities and communication with regulatory agencies. They will coordinate closely with Head of Regulatory Affairs Office, Managing Director.
Serves as a dedicated regulatory advisor providing strategic leadership, guidance, and oversight on regulatory interactions and supervision to senior leaders across various Lines of Business functional areas, and legal entities within MUFG Americas.
Serves as Risk Governance Framework subject matter expert to support required remediation of first and second lines of defense deficiencies noted in management self-identified, audit, or regulatory issues.
Monitors and provides key insights into regulatory communication, commitments, and workplans necessary to support effective remediation and proactive guidance for the firm’s processes to achieve effective risk management commensurate with size, complexity and risk profile of entities with MUFG Americas and across the Consolidated U.S Organization (CUSO).
Provides subject matter expertise to advise ROAO exam management personnel to ensure they understand regulatory priorities and can preemptively advise lines of business and control leaders on practices that may not meet regulatory expectations.
Provides guidance on matters requiring escalation and reassesses regulatory remediation strategy to achieve desired regulatory outcomes.
Provides guidance to MUFG leaders to support their specific regulatory remediation strategies and plans.
Supports Head of ROAO in escalation of remediation issue to senior executives.
Supports Head of ROAO in building regulatory capability within unit and assists with recruiting, development, retention, coaching and support, performance management, and managerial activities, as specified.
Supports MUFG Americas in development, training, and support; as warranted, to ensure regulatory strategies and remediation plans achieve desired outcome. This includes post mortem / lessons learn reviews necessary to make adjustments in strategy and remediation practices.
10 or more years relevant work experience to include serving as a regulator or interfacing with regulators.
6 or more years of leadership experience in building, managing and/or developing high-performing teams.
Experience collaborating with key resources and stakeholders, influencing decisions, and managing work to achieve strategic goals required.
Demonstrated experience working in a highly regulated environment.
Subject-matter-expertise on laws and regulations applicable to large financial institutions (e.g. OCC Heightened Standards, FFIEC Handbooks and Guidance and Federal Reserve Supervision letters & guidance)
Executive level thought leadership on relevant industry regulations, risk governance, and compliance, with the ability to consult and provide insight and guidance.
Demonstrated ability to interface with the most senior leaders to provide effective strategy, guidance and regulatory expertise.
Subject-matter-expertise in the development and communication of complex materials both verbally and in writing considering the appropriate audience.
Bachelor's degree required.
The typical base pay range for this role is between $300K - $390K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.
MUFG Benefits Summary (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)
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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local 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