Avp - Compliance - Testing and Monitoring

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we’re 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

Job Profile

Purpose of Role

Ensure compliance for the Bank’s business division(s), product line, and operational system. Communicate, coordinate and monitor regulatory compliance policies, systems and procedures, provide relevant and conduct audits/testing. Structure and implement efficient and effective compliance programs and functioning systems of internal control under the supervision of Compliance Manager and in coordination with Regional Compliance team. Ensure proper, adequate and timely coverage of the compliance testing, and suitable redressal of the findings.

Main Responsibilities

Strategic
- Drive and support high standards of core compliance framework through the ongoing delivery of an organised and structured Core Compliance Program on monitoring and testing.
- Effectively delegate workload to ensure all staff members are utilized to their fullest capacity.Support first line of defence in developing balanced action plans while ensuring that key compliance risks and regulatory requirements are addressed.
- Demonstrate commitment to train, educate, and challenge all subordinates by cultivating professional development of team players

Financial
- To perform compliance testing on topics as mandated by Regional Compliance basis the residual risk from the Compliance Risk Assessment. The testing has to be comprehensive to identify all possible risks from the core compliance perspective. Engage with the teams to ensure that the risks thus identified are addressed satisfactorily.
- Perform testing on local regulatory guidelines, to ensure strict adherence to the requirements, adequate controls exist. To also contribute by testing the RBI Tranche III points and contribute towards timely and quality completion of these guidelines

Customer
- Demonstrate leadership and commitment in identification, detection and remediation of compliance gaps and risks.
- Develop and maintain strong stakeholder management with key stakeholders both within MUFG and externally.
- Work in close collaboration with various departments and colleagues located within and outside India, to ensure due compliance of applicable norms.
- Work in close collaboration within the Compliance team to engage and ensure uniform requirements are communicated to the FLOD.

People
- Connect beyond your team and leverage our global strength as One MUFG.
- Engage and collaborate with the teams for ensuring improved understanding of the requirements and promote better adherence and enhanced risk control over the guideline.

Other/ Control
- Promoting risk evaluation, mitigation, and management consistent with policies and standards and through testing, and then coordination and engagement of the first line of defense
- Provide assurance to the Management on the functioning of the teams, for understanding on effectiveness of implementation of guidelines, both HO and Local regulations
- Ongoing delivery of an organised and structured Compliance Program including the Compliance Risk Assessment and Management Information, process reviews, rollout of policies and training.
- Update the issue tracker, and exercise control over timely and quality addressal of the issues
- Discuss with SMEs in formulating the testing scripts, identifying topics for adhoc testing, engagement to identify gaps for thematic reviews, regulatory guidelines to be tested

Education & Professional Qualifications

CA with 5-7 years of banking experience, preferably in compliance testing or Experienced Banker

Skills & Knowledge

(e.g. Capability, Traits required for the role)
- Good stakeholder management skills to collaborate with other departments.
- Strong knowledge of Compliance issue and local financial regulations.
- Good communication skills.
- Strong PC skills (MS Word, Excel, PowerPoint).

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.