Manager – Monitoring

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: Manager – Core Compliance Testing & Monitoring

Corporate Title: Assistant Vice President

Reporting to: Regional ACO Head of Assurance and Local Core Compliance Director

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 Head of Assurance(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. The incumbent will have a local reporting line to the local office Director in support of local office initiatives.

Job Responsibilities:

• Plan and execute controls evaluation reviews under the supervision of the Functional Team Leads.
• Conduct walkthroughs to understand and evaluate control environment
• Identify relevant key controls for testing
• Evaluate internal controls design and effectiveness and where issues identified, conduct root cause analysis and propose remedial actions
• Conduct validation of Management Action Plans in connection with review findings
• Demonstrate ownership of reviews from start to finish, and be able to work independently and in group-setting.
• Deploy use of data analytics and/or user tools to achieve efficiencies in executing reviews
• Draft issue reports, summarizing the findings, root cause and propose remediation plans
• Effective communication of work done and issues to Functional Team Leads, ACO Management and Issue Owners
• Build relationships with peers and stakeholders (e.g. ACO SMEs, first-line-of-defense) within the organization and effectively manage stakeholder relationships to a mutually accountable, productive, respectful and trusted level.
• Collaborate with relevant stakeholders across the region and globally applicable on enhancement of Testing / Monitoring methodologies.
• Maintain, design, refresh Regional Monitoring Scripts
• Identify and escalate key and/or systemic risks / trends / red flags
• Support general compliance activities and other duties, including special projects as assigned

Qualifications:

• Bachelor's degree in Accountancy, Business, Law or Finance discipline.
• 10-13 years of Banking experience, with relevant 5-8 years of relevant experience in Core Banking (Non-financial crimes) internal control testing. This ideally can be from Investment Banking and or Global Markets business.
• Excellent communications skills (verbal and written)
• Previous experience in banking controls review, including project management.
• Proficient knowledge of Process, Risk and Controls concepts
• Strong analytical skills to interpret data and draw conclusions
• Proficiency in issue writing (i.e. articulate issues, root causes, and recommend solutions)
• Excellent interpersonal skills and dealing with executives at all levels.
• Knowledge in banking products, APAC banking regulations compliance subjects (e.g. MNPI,
• Conflicts, Customer Tax, Market Abuse, Market Conduct) is highly desirable
• 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

Equal Opportunity Employer:

The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, colour, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual's associates or relatives, or any other classification protected by the applicable laws.