MUFG Union Bank Jobs

Mobile mufg Logo

Job Information

MUFG Union Bank Regulatory Remediation Director -Term Employment - (Remote NC,SC,NY) in Raleigh, North Carolina

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.

This is a remote position. A member of our recruitment team will discuss location preferences with you in more detail.

Job Summary

The Regulatory Operations and Affairs (RO&A) function within Operational Effectiveness Office (OEO) at MUFG in the Americas is charged with improving regulatory outcomes by demonstrating subject matter expertise in regulatory remediation. 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 deliverables, and serves as central point of contact for all regulatory inquiries or requests. RO&A will promote clear and consistent internal & external communications, identify emerging regulatory issues and guide the development and implementation of management’s strategy concerning regulatory matters. This will include being responsible for change management for major new regulatory initiatives or rules implementation. RO&A oversees critical regulatory processes including the examination lifecycle, remediation and clearance of examination findings and ad hoc regulatory requests.

This position, Regulatory Remediation Expert, will report directly to the Head of Regulatory Remediation – Risk Governance, Managing Director , who in turn reports directly to The Head of Regulatory Operations & Affairs. They will provide expertise and support to MUFG’s strategy for regulatory remediation, including assisting in the assessment and monitoring of regulatory enforcement action work. Objectives include providing leadership, regulatory expertise, and oversight of supervisory activities – such as providing review and comments on regulatory submissions, quality control reviews of reports submitted for regulatory filings or meetings; and supporting forms of communication with regulatory agencies to ensure proper alignment with supervisory expectations and consistent with bank policy and where applicable regulatory guidance. They will coordinate closely with Head of Regulatory Affairs Office, Managing Director.

KEY RELATIONSHIPS

Reports to

  • This position ( Regulatory Remediation Expert ) will report directly to Head of Regulatory Remediation – Risk Governance, Managing Director . They will support critical regulatory remediation work, including enforcement actions and committee oversight (Critical Regulatory Matters Review).

Other Key Relationships

  • Head of Regulatory Operations and Affairs, Chief Operations Effectiveness Officer, Managing Director, Office of Regulatory Affairs, Managing Director, Head of Regulatory Remediation-Technology and Operations, and All Regulators

KEY RESPONSIBILITIES

  • Serves as a dedicated regulatory expert and advisor providing guidance, credible challenge and oversight on interactions/communications etc. between senior leaders across various Lines of Business, functional areas including risk and compliance, and regulators

  • Serves as subject matter expert on national banking supervisory expectations to support required remediation of deficiencies noted in management self-identified, risk / compliance, audit, or regulatory issues

  • Monitors and provides key insights into regulatory communication, commitments, and workplans necessary to support effective remediation of all matters, including enforcement actions.

  • Provides subject matter expertise to advise RO&A 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 RO&A in building regulatory capability and agility across enterprise

Ideal education, experience and requirements:

  • Bachelor's degree required

  • A minimum of 15 or more years industry experience; 10 or more years relevant work experience to include serving as a regulator or interfacing with regulators

  • 6 or more years of leadership experience and participation in regulatory supervisory 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)

  • Demonstrated ability to interface with the most senior leaders to provide effective guidance and regulatory expertise

  • Subject-matter-expertise in the development and communication of complex materials both verbally and in writing considering the appropriate audience

  • Articulate communicator at senior levels: Heads of Business Lines and Regulators.

  • Proven leader who can easily assimilate to our Culture Principles and embody our Core Values.

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.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

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.

#LI-Remote

DirectEmployers