Assistant Vice President, Audit Manager, Conduct & Compliance

MUFG Americas; London; On-site; GBP 50,000 - 90,000; Full time

Job description

Pay Competitive

Location: London/England

Employment type: Full-Time

Job Description

• Req#: 10058821-WD

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we’re 160,000 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.

MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

As one of the largest financial groups globally with a vision to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards. Behaving with integrity and responsibility, underpinned by a desire to build a culture which is fair, transparent, and honest, drives everything that we do. We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

EMEA Internal Audit (EIA), as the Bank’s third Line of Defence, and in accordance with the Global Institute of Internal Auditors (IIA) International Standards (IIA Standards), provides independent assurance to the Board and Executive Management on the quality and effectiveness of governance, risk management and internal controls to monitor manage and mitigate key risks to achieving the Bank’s objectives.

NUMBER OF DIRECT REPORTS: 0

MAIN PURPOSE OF THE ROLE:

Audit Manager is responsible for executing and delivering all audit engagements assigned to them by the Chief Auditor and Heads of Audit. Audit Manager will support the Head of Audit and Senior Audit Managers in delivering the engagements. The role includes responsibilities to support annual planning process and maintenance of audit risk universe. Audit Managers will have, and continue to develop, subject matter expertise in their area.

KEY RESPONSIBILITIES:

• Assist the Head of Audit with the respective Portfolio, risk universe sections, risk assessments and audit plans.
• Ownership of the assigned area of responsibility during the engagement and manage the stakeholders (both internally and externally). May have responsibility to work on multiple engagements concurrently.
• Help and support Head of Audit in planning engagements, identify relevant key risk areas and produce quality Audit Planning Document.
• Ensure that all internal and external deliverables are timely produced as per EIAO methodology and standards.
• Devises effective and efficient tests of key controls, executes and documents audit work and concludes on the results of audit tests and overall effectiveness of controls.
• Escalates audit issues to senior management. Interacts with auditee and audit team to develop and negotiate solutions.
• Assess regulatory requirements and trends in financial markets and incorporate this into continuous monitoring activities. Deliver continuous monitoring assignments for agreed audit entities under the supervision of Head of Audit.
• Maintain constructive relationships with stakeholders so that audit planning and delivery is achieved smoothly and professionally.
• Follows up on issues to ensure satisfactory closure of Management Action Plans. This will involve the testing of remediated controls before closure of issue.
• Assist the Head of Audit in preparing management information and third-party submissions.
• Work collaboratively with all internal audit colleagues regionally and globally.

From time to time, may also be required to take a team role in EIAO’s strategic initiatives e.g. a working group.

WORK EXPERIENCE:

• Internal Audit experience gained in financial services industry.
• Coverage of conduct and compliance risks, including FX, and other derivative products.

SKILLS AND EXPERIENCE:

Functional / Technical Competencies:

• Excellent understanding of risk-based auditing methodology.
• An understanding and appreciation of conduct risks and controls in first and second lines of defence.
• An understanding of global regulation requirements for markets business e.g. audit work conducted across Market Conduct, MiFID, Volcker etc.
• Ability to work well as part of a small, focused audit team.
• Good written and verbal presentation skills.

PERSONAL REQUIREMENTS:

• Excellent interpersonal and communication skills.
• Confident, motivated self-starter.
• Results driven, with a strong sense of accountability.
• The ability to operate with urgency and prioritise work accordingly.
• Strong decision-making skills, the ability to demonstrate sound judgement.
• A structured and logical approach to work.
• A creative and innovative approach to work.
• The ability to manage material workloads and tight deadlines.
• Excellent attention to detail and accuracy.
• A calm approach, with the ability to perform well under pressure.

PERFORMANCE AND DUTIES:

The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or the Chief Auditor for EMEA.

MANAGING CONFLICTS OF INTEREST:

• The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
• The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
• The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
• Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
• The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.