AVP - Core Compliance Controls Testing (Quality Assurance) [T500-17259]

Mitsubishi UFJ Financial Group; London; On-site; GBP 60,000 - 85,000; Full time

Job summary

A leading financial institution is seeking an Assistant Vice President for Core Compliance Controls Testing in London. The successful candidate will execute quality assurance initiatives within non-financial crime compliance, performing testing, collaborating with compliance teams, and contributing to management reports. Strong interpersonal skills, risk assessment expertise, and the ability to manage multiple projects are essential for this mid-senior level position that offers competitive compensation and growth opportunities within a global framework.

Qualifications

• Significant experience in a control function within the financial industry.
• Experience in assessing or designing internal controls.
• Ability to prepare reports and present to management.

Responsibilities

• Perform Core Compliance RCSA controls testing.
• Plan and conduct compliance monitoring and testing.
• Work with teams to address control challenges.

Skills

Interpersonal communication

Workload management

Risk assessment

Detail-oriented

Systemic thinking

Project management

Education

Graduate Qualified

Job description

AVP - Core Compliance Controls Testing (Quality Assurance) [T500-17259]

AVP - Core Compliance Controls Testing (Quality Assurance) [T500-17259]

1 month ago Be among the first 25 applicants

MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be the world’s most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG Global Service Private Limited:

Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFG’s global network across Americas, EMEA and Asia Pacific

Core Compliance Quality Assurance:

This department acts as a quasi-independent function within Core Compliance (CC) with the responsibility of reviewing and challenging the current Core Compliance risk and control framework that operates internally within Core Compliance. Note this does not include testing of core compliance risk across 1LoD divisions, which is covered by the Core Compliance Testing Team (also under the same, wider Compliance team).

Core Compliance is defined as any Compliance area that does not fall into Financial Crime which is covered by a separate team. Core Compliance risks include regulatory compliance, conflicts of interest, market abuse, competition law, cross border, data protection, etc. The main purpose of the team is to provide reasonable assurance that controls are designed and operating effectively in adherence to established standards or best practice thereby allowing risks to be managed as expected. The function will further act to bring synergies across existing frameworks within the bank (e.g. Operational Risk, Audit, etc.) through its engagement and collaboration with such areas. The team’s initial focus will be on its London operations with a view to expanding to the EMEA region in due course.

MAIN PURPOSE OF THE ROLE:

Reporting to the VP in Core Compliance Quality Assurance, the role holder will be responsible for executing the quality assurance (QA) programmed within the Core Compliance Division (i.e. covering all non-financial crime compliance risks). The role will include assisting in the design of the overall framework and executing QA reviews and other QA related projects under the direction of the VP and Head of the Division.

KEY RESPONSIBILITIES:

• Perform Core Compliance RCSA controls testing in accordance with the Operations Risk Framework methodology
• Plan and conduct reviews and other relevant core compliance monitoring and testing to assess the design and operation of controls operated within Core Compliance Functions, under the direction of the functional VP
• Work with Core Compliance teams to help them address control challenges and new initiatives, including giving guidance on design and execution where control gaps are identified
• Perform issue validation where required and proactively manage updates and reporting
• Assist in the production and presentation of management reports showing details of the control framework, progress of the QA work programmed and highlighting issues arising
• Work collaboratively across functional teams within CC to ensure effective and efficient operations with clearly defined roles and responsibilities
• Assist in the production of MI and other reports where required
• Utilise the team’s data analytics system (to the extent possible) to enhance and automate testing
• Participate in wider, non-BAU projects and opportunities (where resourcing allows)
• The function is expected to initially focus predominantly on CC in London, but key know-how and relevant issues should be shared across the EMEA offices from the outset and a more detailed programmed developed for those offices at a practicable date in due course.

WORK EXPERIENCE:

• Significant experience in a control function in the financial industry
• Assessing and / or designing internal controls
• Preparing reports and presenting to Management

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

• Proven excellence in assessing risks and controls and identifying gaps
• Collaborative with strong interpersonal communication skills
• Proactive with strong workload management skills
• Systemic thinking across enterprise
• Detail oriented and organized execution
• Strong presentation skills and written skills
• Demonstrated ability to manage multiple projects simultaneously

Education / Qualifications:

• Graduate Qualified

PERSONAL REQUIREMENTS:

• Results driven, with a strong sense of accountability
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly
• A structured and logical approach to work
• Excellent interpersonal skills
• The ability to manage large workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well in a pressurized environment
• Good numerical skills

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 Department Head.

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Information Technology, Engineering, and Quality Assurance

Referrals increase your chances of interviewing at MUFG by 2x

Sign in to set job alerts for “Vice President Compliance” roles.

AVP - Procurement Specialist [T500-18214]

Associate Vice President - Risk and Controls

Risk Assessment /Control & Process Reviewer - Vice President – TSCO ERT

Assistant Vice President, Securities Services Non-Financial Risk

Software Engineer - Vice President - Compliance Engineering

Country Trade Compliance officer - CTCO - Global Market

Compliance Officer – Compliance and Secretarial

Corporate Technology Audit Vice President

Global Banking & Markets Operations - Equities Execution Client Ops - Associate - Bengaluru

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.