Financial Crimes Compliance Expert

About Our Organization

Mitsubishi UFJ Financial Group, Inc. is one of the world's leading financial institutions.

The group has a global network with over 2,700 locations in more than 50 markets. The organization aims to be the world's most trusted financial group through close collaboration among operating companies and flexible response to all financial needs of customers, serving society and fostering shared and sustainable growth for a better world.

Global Service Overview

MUFG Global Services (MGS) is a 100% subsidiary of MUFG Bank Ltd, having offices in Bengaluru and Mumbai. MGS provides support services across various functions such as IT, KYC/AML, Credit, Operations, Trade Finance etc. to MUFG Bank offices globally.

Role Overview

As AVP, Global Financial Crimes Compliance Testing, you will be responsible for supporting the Global Compliance Testing function in performing deep dives and targeted risk-based reviews of Financial Crimes Compliance processes across APAC with an emphasis on design and effectiveness of measures (controls) taken to monitor and mitigate applicable risk.

Key Responsibilities

• Engage directly with testing management and team leads to assist and when required lead end-to-end compliance testing reviews, applying the Bank's testing methodology for MUFG Bank locations globally.
• Apply the bank's testing methodology and create testing workpapers to evaluate the effectiveness of existing financial crimes frameworks including design and implementation of relevant controls across AML, Sanctions, and ABC framework.
• Work closely with key stakeholders to understand business and functional requirements and support team leads in developing test plans, scripts, procedures, and sampling methodologies that incorporate regulatory expectations, industry developments, lessons learned from regulatory findings, and internally identified issues by compliance testing and internal audit.
• Engage review stakeholders during testing and monitoring reviews and provide credible challenges to ensure financial crimes controls are adequately evaluated.
• Play a leading role in financial crimes-related projects and engage with global and regional compliance management in the implementation of a coordinated, consistent, and risk-based testing program.
• Assist in developing and maintaining quality control processes to drive adherence to Global Testing Standards.
• Drive central coordination, governance, and reporting, leveraging regional structures and best practices.
• Apply in-depth subject matter and industry expertise in preparing/reviewing reports summarizing the objectives, scope, findings, and conclusions of completed testing.
• Support management in validation of Management Action Plans designed to address remediation efforts and testing review findings.
• Play a leading role and provide guidance to Analysts in coordinating with Issues Management for monitoring and tracking resolution of testing findings, including validating actions taken to resolve previously identified issues.
• Monitor developments, such as changes in regulatory environment, financial crime/core compliance risks, and industry developments which may necessitate ad hoc testing.
• Play a key role in development and enhancements to testing methodology, standards, and procedures, Annual Test Plan, and testing tools.
• Support general compliance activities and other duties, including special projects as assigned.

Skills and Knowledge:

• Experience with performing compliance testing, assurance processes or internal/external audits preferred.
• Knowledge of financial crimes compliance and/or core compliance laws and regulations.
• Excellent judgment and analytical skills.
• Experience in working in diverse teams.
• Strong written and verbal communication skills.
• A qualified Chartered Accountant preferred.
• Some travel may be required, domestic and international.

This role offers opportunities for career growth and professional development in a dynamic and supportive environment.

Responsibilities include assisting in developing and maintaining quality control processes and playing a key role in development and enhancements to testing methodology, standards, and procedures.