MUFG US | Business Audit Director

Key responsibilities

• The Business Audit Director is responsible for leading internal audit coverage across assigned lines of business, products, strategies, and risk areas, with specialized focus on Credit Risk, Global Corporate & Investment Banking, and Japanese Corporate Banking.
• The role oversees audit planning, execution, issue management, portfolio risk assessment, stakeholder engagement, and continuous improvement of the audit function.
• We do not anticipate providing visa sponsorship/support for this position.”
• This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation.
• The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.
• Lead internal audit coverage across assigned business lines, products, strategies, internal controls, and risk areas, including Credit Risk, GCIB, JCB, and related wholesale banking activities where applicable.
• Maintain and manage the portfolio universe and related risk assessments to ensure appropriate representation, calibration, and prioritization of auditable entities.
• Develop a forward-looking view of regulatory changes, emerging risks, new products, and services that may affect the audit portfolio.
• Drive the annual audit plan, budget, and resource/staffing plans for the assigned portfolio.
• Serve as a subject matter expert for wholesale Credit Risk Management across Global Corporate & Investment Banking, Japanese Corporate Banking, and related second-line Credit Risk Management functions.
• Support integrated audit coverage between business audit and credit risk audit teams to evaluate first-line business controls and second-line risk management controls in a coordinated, risk-based manner.
• Audit Delivery and Issue Management.
• Oversee the team responsible for internal audits that assess the effectiveness of controls, accuracy of financial records, efficiency of operations, and compliance with governmental regulations.
• Accountable for audit delivery, issue management, and portfolio coverage within required KPIs, audit methodology, and quality assurance standards.
• Oversee project management of multiple audit engagements, including timelines, supervision of team deliverables, timely review of workpapers, validation of findings, and confirmation of management action plans.
• Maintain regular stakeholder touchpoints to support effective issue management and promptly escalate challenges.
• Ensure audit files meet Quality Assurance standards and data quality expectations.
• Develop and maintain constructive, collaborative relationships with senior stakeholders while providing effective challenge, guidance, and independent perspective.
• Partner with stakeholders on initiatives and remediation activities to raise standards of controls, behaviors, and accountability across the control environment.
• Communicate effectively with leadership, committees, business partners, external auditors, and other relevant parties on audit plans, key risks, issues, and remediation progress.
• Audit Process, Methodology, and Innovation.
• Participate in the development and implementation of the long-term vision, strategy, and target operating model for Internal Audit.
• Provide expertise in audit scope, objectives, work plans, audit tests, controls evaluation, statistical methods, interviews, surveys, and computer-assisted audit techniques.
• Drive innovation and optimization in audit execution, continuous auditing, risk monitoring, data analytics, and reporting.
• Partner across the organization to develop, implement, and execute audit policies that support effective, efficient, and compliant processes.

Requirements

• Leadership experience in internal audit, external audit, or risk management.
• Extensive experience in the financial services industry, related markets, and applicable regulatory bodies.
• Proven success implementing continuous auditing and/or risk monitoring processes.
• Experience using data visualization and reporting solutions, including Power BI, Tableau, or comparable business intelligence tools.
• Strong supervisory and project management skills within internal audit functions.
• Advanced knowledge of risk assessment, audit methodology, audit execution, and issue validation.
• Experience with Big Data, Python, machine learning, and advanced analytics techniques.
• Ability to apply data analysis methodologies and tools to improve the efficiency, coverage, and effectiveness of audit processes.
• Demonstrated ability to drive analytics innovation, credibly challenge management, and proactively influence risk and control environments.
• Foundational Skills and Leadership Attributes.
• Demonstrates effective negotiation, influencing, and stakeholder management skills.
• Professional auditing certification such as CIA, CPA, CISA, or CFSA is preferred.
• Data Analyst, Tableau, Power BI, or similar analytics certification is highly desirable.
• The typical base pay range for this role is $170-219K, depending on job-related knowledge, skills, experience and location.
• They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
• Degree in Accounting, Finance, Business Administration, or a related business discipline is preferred.
• Advanced degree is desirable.

MUFG US

MUFG US is an employer hiring in India.

Its finance, accounts, audit and tax openings in India are mostly in New York, Tampa, Los Angeles and Irving.