MUFG India | AVP-Testing & Monitoring

Responsibilities

• 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.
• Review and monitor 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.
• Support high standards of core compliance framework through the ongoing delivery of an organised and structured Core Compliance Program on monitoring and testing.
• Support first line of defence in developing balanced action plans while ensuring that key compliance risks and regulatory requirements are addressed.
• 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.
• 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.
• Engage and collaborate with the teams for ensuring improved understanding of the requirements and promote better adherence and enhanced risk control over the guideline.
• Update the issue tracker, and exercise control over timely and quality addressal of the issues.

Skills & knowledge

• Good stakeholder management skills to collaborate with other departments.
• Strong knowledge of Compliance issue and RBI regulations.
• Strong PC skills (MS Word, Excel, PowerPoint).

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