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Manager – Core Compliance Testing & Monitoring in Bengaluru, MUFG Global Service.
Lead compliance testing and monitoring initiatives in a leading financial group.
About the Role
Position Title: Manager – Core Compliance Testing & Monitoring
Corporate Title: Assistant Vice President
Reporting to: APAC Head of Core Compliance Testing & Monitoring
Location: Bangalore
Job Summary:
The incumbent will be an individual-contributor within the Regional Assurance (Monitoring & Testing) department within the Compliance Office for Asia and will report functionally into the APAC Head of Core Compliance Testing & Monitoring (based in Singapore). Primary responsibilities include evaluating control effectiveness of Units’ adherence to regulations & Bank Core Compliance Policies and Procedures (non-Financial Crimes). This includes, but not limited to conducting risk assessments, planning and executing reviews and conducting issue analysis.
Job Responsibilities:
- Responsible for executing assigned Regional Testing and Monitoring activities.
- Lead walkthrough meetings and interviews with business stakeholders to develop understanding of business processes, risks and controls.
- Identify potential risks and controls and assist in developing scope and work programs.
- Evaluate design and operational effectiveness of internal controls and identify control weaknesses.
- Lead formal discussions with business stakeholders throughout the duration of review engagements to communicate status or concerns.
- Generate insightful, meaningful observations that effectively convey significance and impact on risk and/or risk management practices, reporting findings to Business Units Management and ACO Management.
- Prepare workpapers and review reports with documented results that adhere to methodology, applicable standards and regulatory requirements, using appropriate business and technical language.
- Document workpapers demonstrating the work was appropriately performed and done to re-performance standards.
- Complete work on a timely basis and deliver work products that meet objectives and standards of methodology.
- Operate with an innovative and flexible mindset by continuously identifying ways to enhance consistency, efficiency, quality and/or value.
- Deploy use of data analytics and/or user-tools to achieve efficiencies in reviews.
Qualifications:
- Bachelor’s degree in Accountancy, Business, Law or Finance discipline.
- Minimum 10 years of experience in Compliance Assurance, Internal Audit, Controls testing, of which at least 5 should be in a Banking/Financial Institution.
- Relevant experience in reviewing Investment/Corporate Banking, and Global Markets business is highly desirable.
- Knowledge in banking related regulation/compliance subjects (e.g. MNPI, Conflicts, Customer Tax, Market Abuse, Market Conduct) is highly desirable
- Strong analytical and problem-solving skills.
- Employs critical thinking skills to identify pragmatic recommendations within an evolving and increasingly complex regulatory and risk management environment.
- Proficiency in technology as required for assigned areas (MS Office, data analytics, etc.).
- Exhibits effective communication (both verbal and written), negotiation and presentation skills; strong interpersonal skills; and ability to engage with all levels of staff and stakeholders
- Proficiency in one or more Asian languages (e.g. Japanese, Bahasa, Korean, Chinese etc) is an advantage due to periodic need to read regulations and documents in these languages.
- Ability to travel is required.
- Data analytics skillsets (e.g., Alteryx and or other programming knowledge) is highly desirable.
- Relevant compliance / accounting certifications (e.g. Chartered Accountants, CIA, CFA) is desirable.
Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsarial fit, regardless of race, religion or gender.