MUFG India | Global Financial Crimes, AVP - Internal Audit

Roles and responsibilities

• The Assistant Vice President role within the Americas Financial Crimes 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 of assigned BSA/AML & Sanctions projects and audits (e.g., planning, fieldwork testing, reporting, issues validation, etc.) and independently owning audit administration activities and project deliverables across the organization.
• 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 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.
• Prepare workpapers and audit reports with documented results that adhere to methodology, applicable standards and regulatory requirements, using appropriate business and technical language.
• Identify control weaknesses and escalate and discuss findings with Audit Management and business stakeholders as appropriate.
• Operate with an innovative and flexible mindset by continuously identifying ways to enhance consistency, efficiency, quality and/or value.
• Generate insightful, meaningful observations that effectively convey significance and impact on risk and/or risk management practices, 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).

Requirements

• A bachelor’s degree, preferably in Accounting, Finance, Business Administration, Criminal Justice or related business discipline at an accredited college or university.
• Chartered Accountant, CAMS, or CIA certification preferred or related business discipline at an accredited university.
• An advanced degree, or equivalent postgraduate degree is encouraged.
• Minimum of 6 or more years of internal or external audit or risk management experience and/or equivalent experience with the financial services industry, related markets, and related regulatory agencies.
• Minimum of 3 or more years of financial crimes (BSA/AML/OFAC) compliance audit experience.
• Experience working with the financial industry regulators, including OCC, FRB, SEC and FINRA and responding to regulatory requests.
• Proficient understanding of the internal audit process including risk assessment, audit methodology, and execution.
• Proven knowledge in technology as required for assigned areas (MS Office, audit data analytics, etc.).
• Highly motivated with the ability to multitask and remain organized in a high paced environment.
• Strong analytical and problem-solving skills.
• Expert understanding of financial crimes risk such as Bank Secrecy Act and Anti-Money Laundering (BSA/AML), Know Your Customer, and Sanctions is required.
• Exhibits effective communication (both verbal and written), negotiation and presentation skills; strong interpersonal skills; and ability to engage with all levels of internal audit and business line management.
• Employs critical thinking skills to identify pragmatic recommendations within an evolving and increasingly complex regulatory and risk management environment.
• The ability to travel may be required.

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