MUFG India
MUFG India | Manager – Core Compliance Testing & Monitoring
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Job Highlights
Job responsibilities
- The incumbent will be an individual-contributor within the Regional Assurance (Monitoring & Testing) department within the Compliance Office for Asia and will report functionally into the APAC Head of Core Compliance Testing & Monitoring (based in Singapore).
- Responsible for executing assigned Regional Testing and Monitoring activities.
- Lead walkthrough meetings and interviews with business stakeholders to develop understanding of business processes, risks and controls.
- 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.
- Lead formal discussions with business stakeholders throughout the duration of review engagements to communicate status or concerns.
- Prepare workpapers and review reports with documented results that adhere to methodology, applicable standards and regulatory requirements, using appropriate business and technical language.
- Reporting to: APAC Head of Core Compliance Testing & Monitoring
- Generate insightful, meaningful observations that effectively convey significance and impact on risk and/or risk management practices, reporting findings to Business Units Management and ACO Management.
- Document workpapers demonstrating the work was appropriately performed and done to re-performance standards.
- Operate with an innovative and flexible mindset by continuously identifying ways to enhance consistency, efficiency, quality and/or value.
- Deploy use of data analytics and/or user-tools to achieve efficiencies in reviews.
Qualifications
- Minimum 10 years of experience in Compliance Assurance, Internal Audit, Controls testing, of which at least 5 should be in a Banking/Financial Institution.
- Relevant experience in reviewing Investment/Corporate Banking, and Global Markets business is highly desirable.
- Knowledge in banking related regulation/compliance subjects (e.
- Strong analytical and problem-solving skills.
- Employs critical thinking skills to identify pragmatic recommendations within an evolving and increasingly complex regulatory and risk management environment.
- Proficiency in technology as required for assigned areas (MS Office, data analytics, etc.).
- Exhibits effective communication (both verbal and written), negotiation and presentation skills; strong interpersonal skills; and ability to engage with all levels of staff and stakeholders.
- Proficiency in one or more Asian languages (e.
- Data analytics skillsets (e.g., Alteryx and or other programming knowledge) is highly desirable.
- Relevant compliance / accounting certifications (e.
- Ability to travel is required.
About the company
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.
