MUFG Union Bank VP of Audit Quality Assurance – Bilingual Japanese/English in New York, New York
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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.
The VP QA role within the Internal Audit function is responsible for covering all aspects of internal audit activity and aims to provide audit leadership and the Board reasonable assurance that work performed by the department conforms with audit methodology and meets quality standards (e.g., industry standards and regulatory requirements). The position’s primary area of coverage is financial crimes, including Anti-Money Laundering, Sanctions, and Anti-Bribery and Corruption. The VP QA role is expected to independently own audit quality assurance activities and execute timely deliverables, regionally and globally, while also contributing to the advancement of departmental objectives.
Act as a leader, developing and promoting a workplace culture that values diversity of thought, promotes integrity and creates an atmosphere that supports coaching and fosters accountability.
Engage as a team player across peer group and in influencing audit management.
Maintain knowledge of audit quality assurance and improvement program and financial crimes audit portfolio including industry trends, business risks, control frameworks, management strategy, banking/regulatory practices; and understands the business’ products, systems and processes
Continuously improve the audit function, identifying opportunities for improvement with thoughtful solutions, partnering with Professional Practices.
Execute the quality assurance plan, performing reviews of planning processes, risk assessments, audit execution, regulatory and audit issue validations and other/thematic topical reviews.
Develop and execute QA testing programs designed to effectively assess the department’s conformance with audit methodology, industry standards and regulatory requirements, including challenging audit scope, execution, and conclusions.
Challenge audit teams on work performed, including appropriateness of scope, risks and controls identified, risk ratings, controls testing (design and operating effectiveness, inclusive of depth of testing), sampling, sustainability, and conclusions.
Influence management to understand purpose of QA observations and obtain agreement with limited management involvement.
Develop QA reports with the ability to contextualize findings to support rating, aligning to issues identified and communicating improvement opportunities to the audit teams and audit management.
Perform ongoing monitoring of open QA issues, escalate potential delays, and appropriately validate the closure of action plans in line with procedures.
Partner with audit teams as a trusted advisor to support high quality work products and promote accountability to sustain growth while expanding services on a global scale.
Proactively escalate potential issues impacting delivery and manage deliverables, anticipating risks or challenges and evaluating alternatives/solutions.
Proactively communicate issues, articulating the relevance of root causes across audit quality assurance reviews, and anticipate emerging issues that impact the department’s risk profile, audit methodology and audit practices.
Education, Licensure, Year of Experience:
A Bachelor’s degree, preferably in Accounting, Finance, Business Administration or related business discipline at an accredited college or university.
Professional auditing certifications, such as the CAMS, CPA, or CIA are highly desirable.
Advanced degree preferred.
Skills and Experience:
Minimum of 7 years and/or equivalent of experience of internal audit and/or equivalent of experience with the financial services industry, related markets, and related regulatory agencies.
Experience in financial crimes compliance audit or equivalent (e.g., BSA/AML, AB&C, Sanctions).
Deep knowledge of risk assessment, audit methodology, and audit execution.
Possesses strong project management skills; preferably within internal audit functions; exhibits initiative and intuitive thinking; and demonstrates ability to meet strict deadlines.
Exhibits effective communication (both verbal and written), negotiation and presentation skills; strong interpersonal skills; and ability to engage with all levels of internal audit and business line management.
Employs strong critical thinking skills to identify pragmatic recommendations within an evolving and increasingly complex regulatory and risk management environment.
Ability to influence stakeholders and challenge the status quo, including managing conflicts and issue resolution.
Process oriented with a strong ability to execute appropriate program enhancing strategies.
Proficiency in technology as required for assigned areas (MS Office, audit workflow tools, audit data analytics, etc.).
Japanese language skills (both verbal and written)
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.
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
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute