Senior Analyst Sanctions Global

About Us:

MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be the world’s most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG Global Service Private Limited:

Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC / AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFG’s global network across Americas, EMEA and Asia Pacific.

About the Role:

Position Title: Auditor 1

Corporate Title: Analyst, Internal Audit

Location: MGS - Bengaluru

Job Profile:

Position details / Job summary:

The Auditor I role within the Internal Audit function is responsible for supporting independent, objective assurance and consulting activities designed to evaluate and assess the effectiveness of the Bank’s governance, risk management and control processes. This role includes, but is not limited to, supporting execution on all activities related to the end-to-end audit process (e.g., planning, fieldwork testing, reporting, issues validation, etc.) and supporting general audit administration activities across the organization, as assigned.

Roles and Responsibilities:

• Conducting and supporting global financial crimes internal audits, specifically sanctions & AML audits, by evaluating the operating effectiveness of the design and implementation of financial crimes compliance controls. Coverage areas include, alert review, escalation processes, documentation of policies and procedures, reporting, list screening, regulatory change management, governance framework, and training.
• Maintain compliance with audit methodology, while also operating within industry best practices, applicable regulations, and internal and external professional practice expectations.
• Build relationships with peers and clients within the organization and exhibit a high standard of performance and professional conduct that will create a culture of integrity and inclusion, where all individual and departmental choices are rooted in good judgment and support MUFG's Principal of Ethics and Conduct.
• Operate with an innovative and flexible mindset by continuously identifying ways to enhance consistency, efficiency, quality and/or value.
• Demonstrate professional skepticism and personal accountability.
• Participate in walkthrough meetings and interviews with business stakeholders to develop understanding of business processes.
• Participate in formal discussions with business stakeholders throughout the duration of audit engagements to communicate status or concerns.
• Identify potential risks and controls and assist in developing scope and work programs.
• Evaluate design and operating effectiveness of internal controls and identify control weaknesses.
• Generate insightful, meaningful observations that effectively convey significance and impact on risk and/or risk management practices, reporting findings and audit issues to Audit Management.
• Assist with workpaper and report preparation and document results using appropriate business and technical language.
• Document workpapers demonstrating the work was appropriately performed (e.g., detailed lead sheets describing the control attributes that were tested, and the results were documented in a manner to support the conclusions reached, effectiveness and sustainable controls are evident in documentation).
• Documentation should stand alone to enable re-performance.
• Complete work on a timely basis and deliver work products that meet objectives and standards of methodology, applicable standards and regulatory requirements.

Education, Licensure, Year of Experience (and type of work experience):

• A bachelor’s degree, preferably in Accounting, Finance, Business Administration or related business discipline at an accredited college or university

Skills and Experience:

• 2-4 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. Financial Crimes such as AML and Sanctions Audit experience.
• Experience required in the audit area of coverage or equivalent.
• 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.
• 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, audit data analytics, etc.).