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Global Financial Crimes Compliance Testing - Assistant Vice President

Company: MUFG
Location: Irving
Posted on: November 23, 2022

Job Description:

Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. Across the globe, we're 180,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.This is a hybrid position. The selected colleague will work at an MUFG office an average of two to three days per week with the remainder worked remotely.Job Summary:Responsible for supporting the Global Compliance Testing function in performing deep dives and targeted risk-based thematic reviews of Financial Crimes Compliance (AML, Sanctions, ABC) and Core Compliance processes globally with an emphasis on the design and effectiveness of measures (controls) taken to monitor and mitigate applicable risk.Major Responsibilities:

  • Engage directly with management with a goal to independently lead end-to-end compliance testing reviews, applying the Bank's testing methodology for MUFG Bank locations globally.
  • Apply the bank's testing methodology and create testing workpapers to evaluate the effectiveness of existing financial crimes and/or core compliance frameworks including the design and implementation of relevant controls, such as escalation processes, documentation of policies and procedures, reporting, list screening, regulatory change management, governance framework, and training.
  • Work closely with key stakeholders to understand business and functional requirements and support management in developing test plans, scripts, procedures, and sampling methodologies that incorporate regulatory expectations, industry developments, lessons learned from regulatory findings and internally identified issues by compliance testing and internal audit.
  • Engage review stakeholders during testing and monitoring reviews and provide credible challenge to ensure financial crimes and/or core compliance controls are adequately evaluated.
  • Play a leading role in financial crimes and/or core compliance related projects and engage with global and regional compliance management in the implementation of a coordinated, consistent, and risk-based testing program.
  • Assist in developing and maintaining quality control processes to drive adherence to Global Testing Standards.
  • Drive central coordination, governance, and reporting, leveraging regional structures and best practices.
  • Apply in-depth subject matter and industry expertise in preparing/reviewing reports summarizing the objectives, scope, findings, and conclusions of completed testing.
  • Support management in the validation of Management Action Plans designed to address remediation efforts and testing review findings.
  • Play a leading role and provide guidance to Analysts in coordinating with Issues Management for monitoring and tracking resolution of testing findings, including validating actions taken to resolve previously identified issues.
  • Monitor developments, such as changes in the regulatory environment, financial crime/core compliance risks and industry developments which may necessitate ad hoc testing.
  • Play a key role in the development and enhancements to testing methodology, standards and procedures, Annual Test Plan, and testing tools.
  • Support general compliance activities and other duties, including special projects as assigned
  • Regularly assume a leadership role within teams to provide coaching and training of team members as required.Qualifications:
    • 3+ years of relevant experience, including experience in the financial crimes compliance and/or core compliance area of a global bank, consulting firm, or regulatory agency.
    • Experience with performing compliance testing, quality control/assurance processes or internal/external audits preferred.
    • Knowledge of financial crimes compliance and/or core compliance laws and regulations.
    • Excellent judgment and analytical skills.
    • Experience in working in diverse teams.
    • Strong written and verbal communication skills.
    • BA/BS Degree required; CPA, and/or CAMS a plus.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual's associates or relatives that is protected under applicable federal, state, or local law.#LI-Hybrid

Keywords: MUFG, Irving , Global Financial Crimes Compliance Testing - Assistant Vice President, Executive , Irving, Texas

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