Vice President

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Purpose of Role

As Financial Crime Compliance (FCC) subject matter expert, he or she is responsible for adaptation and implementation of various Global Financial Crime Division (GFCD) / Financial Crimes Office of Asia (FCOA) standards, strategies and program framework, in consultation with Head of FCC, with a view to identify and manage the Financial Crime risks posed by MUFG’s activities in India. He or She will be further responsible to assist the Head of FCC in implementing above in due accordance of the applicable local laws in due consultation and co-ordination with Reserve Bank of India (RBI), Financial Intelligence Unit – India (FIU-IND), Indian Banks Association (IBA) and other regulatory/quasi regulatory authorities. He or She will also be responsible to assist the Head of FCC in developing sustainable and effective policies, controls and processes, to include entity and client-level risk management. He or She shall also advise Business, Compliance and Management stakeholders and monitor relevant policy, control and process implementation and reports on their effectiveness. Role focuses on managing activities concerning various taxonomies of FCC function in India viz. KYC, AML, Sanctions, ABC/Vigilance, Transaction Monitoring & its Testing and Thematic Reviews.

As a member of the Bank's Local Compliance Executive Committee, provide strategic support to the Head of FCC on FCC risk management strategy and issues.

Primary Responsibilities

The role supports Head of FCC in the furtherance of Bank’s Compliance strategy in the Country, as regards FCC. The responsibilities include the requirement to design, support and implement FCC initiatives within the Country including but not limited to training, frameworks, processes and systems.

Manage and ensure timely escalation of Compliance risks, incidents and breaches, and take/direct appropriate action to ensure prevention of compliance failures.

Responsibilities include but are not limited to:

Provide sound and pragmatic regulatory compliance advice to local management and business units, Support the Head of FCC in driving, coordinating and monitoring local financial crime compliance activities, Facilitate timely and effective communication and information sharing (e.g. regulatory issues, local laws & regulations and unit policies & procedures) Assist in effective implementation of Global Standards, Policies, Procedures etc. on a pan-India basis, Ensure adequate follow-up and prepare timely and adequate responses towards closure of regulatory and audit findings, Support regional Thematic Reviews and internal as well as regulatory examination, Provide managers and business areas with guidance in the development, implementation, and maintenance of robust policies, procedures, and practices to ensure business activities are conducted in an appropriate, controlled manner so that risks are identified and considered in the decision-making process.

Strategic

Forge close working relationship with regulator to facilitate smooth day to day affairs Contribute to the development of Compliance Department’s short- & long-term plans to enhance compliance monitoring and control for the country. Contribute in setting and implementing the vision, strategy, direction and leadership in Compliance function in India. Assist Head of FCC in promoting and managing the culture and practice of Compliance within regulatory requirements and ethical standards consistent with supporting Group’s strategic direction and growth aspirations

Financial

Support Head of FCC in planning and forecasting budgets for FCC function.

Customer

Collaborate with colleagues globally and regionally to provide inputs into global and regional Compliance systems, guidelines and frameworks. Assist the Head Office/ Regional Office in various projects undertaken and ensuring the timely effectiveness of responsibilities assigned. Work in partnership with colleagues in other departments on joint initiatives to mitigate compliance and financial crime risks in the region. Influence management to support and approve the implementation of Compliance initiatives within the Country including but not limited to training, frameworks, processes and systems Provide compliance advisory service that effectively supports business areas in their duty to comply with relevant laws and regulations and internal procedures.

People

Responsible for managing (objective setting & performance management), developing (coaching, mentoring, career progression & training) and rewarding (financial and non-financial reward decisions) for direct reports.

Other

Ensuring appropriate and suitable regulatory connect. Assist Head of FCC in managing regulatory issues arising from alleged or actual breaches of regulatory requirements or ethical standards, where there is a material risk to the reputation of the Group or its relationship with its regulators, so as to avoid/ minimize reputational damage for the related areas. Ensure products and services offered in India comply with local regulation and cross border requirements if any through the New Product Program process for related areas. Provide training in a focused and consistent manner and in accordance with Group standards on some key FCC areas. Work towards bringing in improvement/efficiency in the process. Manage the risk profile of the department's by ensuring the team understands Banks policies and local regulations in order to provide sound Compliance advice to the business to support in decision making. Lead and oversee internal and external audits for the department. Maintain good working knowledge of industry trends, products, relevant laws and regulations.

Act as a trusted advisor to management/leadership team on Compliance related topics.

Key Relationships

Internal

Reports directly to Head of FCC Co-ordination with Regional Financial Crime team on functional matters Co-ordination with local business teams

External

Reserve Bank of India (RBI), FIU-IND & Other Regulatory Authorities Auditors External Lawyers / Legal Counsel

Candidate Profile

Skills & Knowledge:

Strategic mindset with strong execution & project management capabilities Demonstrate expertise in compliance concepts and practices for Banking industry Strong knowledge of Banking products and services. Strong understanding of banking regulatory environment with particular focus on local regulations Strong knowledge in FCC areas specifically Anti-Money Laundering, Anti-Bribery & Sanctions Strong communication, interpersonal and negotiation skills in order to gain trust, achieve business objectives, and work directly with a broad group of leaders throughout the Bank Proven ability to understand, evaluate and resolve problems Ability to research and understand complex regulatory issues and laws, demonstrate the related risks brought to our organization, and collaboratively work to provide appropriate risk handling activities Ability to function in deadline intensive environment, managing multiple responsibilities while effectively focusing on priority issues Ability to maintain strict confidentiality Self-starter able to work independently

Education and Professional Qualifications Length and Type of Experience

At least 10-15 years of work experience including team management

MUFG Bank Ltd & MUFG Securities Asia Limited (collectively referred to as “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 organsational fit, regardless of race, religion or gender.

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