MUFG India | Assistant Vice President - Finance, Treasury and Regulatory Reporting (FTRR) Internal Audit

Roles and responsibilities

• The AVP role within the Internal Audit function is responsible for executing independent, objective assurance and consulting activities designed to assess and evaluate the effectiveness of the Bank’s governance, risk management and control processes.
• This role includes, but is not limited to, execution of end-to-end audit process (e.g. planning, fieldwork testing, reporting, issues validation, etc.) and independently owning audit administration activities and project deliverables across the organization.
• The role will require successful candidates to effectively work with more senior stakeholders at VP and Director level.
• Maintain compliance with audit methodology, while also operating within industry best practices, applicable regulations, and internal and external professional practice expectations.
• Act as a leader and role model and continuously improve self and department.
• Lead walkthrough meetings and interviews with business stakeholders to develop an understanding of business processes.
• Lead 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 operational effectiveness of internal controls and identify control weaknesses.
• Identify control weaknesses and escalate and discuss findings with Audit Management and business stakeholders as appropriate.
• Responsible for the maintenance of the audit universe and risk assessments of assigned Auditable Entities.
• Build relationships with local and UK audit team members and finance stakeholders.
• Work on a combination of locally owned audits as well as global audits with the UK team.
• Responsible for establishing regular meetings with any assigned stakeholders, building trust, and bringing a collaborative mindset and a calibrated view on risk when providing check and challenge.
• Reporting to: Vice President/ Director
• Operate with an innovative and flexible mindset by continuously identifying ways to enhance consistency, efficiency, quality and/or value.
• Responsible for the execution and delivery of the assigned audits within the audit plan and issue management/validation on time and within EIA Key Performance Indicators (KPIs), with limited supervision and to the required methodology and Quality Assurance standards.
• Use of Agile auditing and Data Analytics within he audit assignments.
• Generate insightful, meaningful observations that effectively convey significance and impact on risk and/or risk management practices, writing and reporting findings and audit issues to Audit Management.
• 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).
• Set high standards of performance and behaviour for self and the Analysts.
• Responsible for proactively supporting the Audit Director and Senior Audit Manager to develop/operate a high performing team through quality of performance and talent management, motivation and inspiration of more junior staff, and promoting/role modelling a positive workforce culture.

Requirements

• Experience in internal audit or in a control oversight function within the FLOD or 2LOD.
• Experience in Finance Services sector, with experience working within an Investment Bank.
• Effective communication skills, so that candidates can provide clear updates to audit management whilst also being able to interact with stakeholders when performing design and operating effectiveness assessment of controls.
• Strong interpersonal skills to enable effective working with teams in audit and our stakeholders.
• Preferred experience working in Finance areas (Product Control, Regulatory Reporting, Financial Reporting or Treasury) but not essential.

MUFG (Mitsubishi UFJ Financial Group)

Headquartered in Marunouchi, Tokyo, Mitsubishi UFJ Financial Group (MUFG) is the holding company of a Japanese banking and financial services group. It was established in 2001 and is listed in Tokyo, Nagoya and New York. Its main subsidiaries include MUFG Bank, Mitsubishi UFJ Trust and Banking and Mitsubishi UFJ Securities Holdings, along with Bank of Ayudhya (Krungsri) and Bank Danamon. MUFG opened its first Indian branch in Mumbai in 1953. MUFG Bank now has branches in Mumbai, New Delhi, Chennai, Bengaluru and Neemrana, plus a GIFT City branch opened in 2022, and since 2020 a wholly owned subsidiary, MUFG Global Service, has handled technology, operations, credit and KYC work from Bengaluru and Mumbai.

MUFG's finance-related roles in India cover internal audit (financial crime, finance and treasury reporting, risk, legal and IT), FP&A and finance process work, project, fund and leveraged finance, credit analysis, market, liquidity and counterparty credit risk modelling, KYC and compliance testing. They are based in Bengaluru, Chennai, Mumbai, New Delhi and GIFT City in Gandhinagar. Postings generally ask for a bachelor's degree in accounting, finance or business, and many name a Chartered Accountant, an MBA in Finance or a CFA as preferred; some audit roles also mention CIA or CAMS.

• Industry: Banking and financial services: corporate and investment banking, trust banking, securities and global markets
• Headquarters: Tokyo, Japan (Mitsubishi UFJ Financial Group, Inc.)
• In India: MUFG Bank, Ltd. branches in Mumbai, New Delhi, Chennai, Bengaluru, Neemrana and GIFT City (Gandhinagar); MUFG Global Service, a wholly owned subsidiary in Bengaluru and Mumbai