Vice President, Senior Audit Manager - Risk & Legal

MUFG Bank, Ltd.; London; On-site; GBP 80,000 - 95,000; Full time

Job summary

A leading financial organization in London seeks a Senior Audit Manager. This role involves leading audit engagements, ensuring compliance with methodology, and managing relationships with stakeholders. Candidates should have experience in model risk management or auditing, and knowledge of the EMEA regulatory environment. This is a rewarding opportunity to make a significant impact in a respected financial institution.

Qualifications

• Experience in managing model risk directly or executing audits in model risk management.
• Knowledge of the regulatory environment in EMEA.
• Experience of working in a similar function for a large corporation or investment bank.

Responsibilities

• Lead audit engagements, providing independent assurance on risk management.
• Develop relationships with key stakeholders within audit engagements.
• Execute audits adhering to methodology and Quality Assurance standards.

Skills

Knowledge of auditing methods and industry practices

Understanding of banking and financial services

Ability to communicate clearly

Solid project management skills

Education

Higher education or equivalent industry experience

Tools

Data analytics tools (e.g. R, Python, Alteryx)

Job description

Overview

Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 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.

Please visit our website for more information - mufgemea.com.

Main purpose of the role

EMEA Internal Audit Office (EIA), as the Bank's third Line of Defense, 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 responsibilities

MAIN PURPOSE OF THE ROLE

Senior Audit Managers are responsible for the execution and delivery of audit engagements, working within audit teams on the scoping, planning and reporting of audits, issue validation, and continuous monitoring activities. They will act as audit leads and guide more junior team members through complex engagements. Delivery and execution of all engagements must adhere to audit methodology and standards, meet established deadlines, and include formal sign-offs of key documents and processes within the audit file. Senior Audit Managers will often have line management responsibility and will be expected to provide guidance, coaching, and serve as a reference to the department in terms of subject matter expertise.

KEY RESPONSIBILITIES

Specifically, key responsibilities of the Senior Audit Manager - Risk Management will include:

• Undertaking effective ongoing monitoring of certain elements of the EMEA portfolio, highlighting key risks and issues to business and EIA management.
• Contribute to the maintenance of the risk universe, risk assessments and audit plans where required.
• Develop knowledge in key areas of the Risk and Legal portfolio. These areas will be agreed with the Head of Audit based on the team's skills assessment matrix.
• Build and maintain a 'trusted advisor' relationship with key stakeholders and auditees within their audit engagements or areas of continuous monitoring.
• Execute and deliver aspects of audit engagements with limited supervision and to the required methodology and Quality Assurance standards.
• Discussion and agreement of potential findings and management action plans with key business stakeholders.
• Proactive coordination of issue follow-up with stakeholders.

• Develop an appreciation of risk and control, acting as one of the drivers for a successful risk and control culture.
• Undertake continuous monitoring assignments and holding recurring meetings with key stakeholders as well as acting as the delegate for the Audit Director when required.
• Work collaboratively with Internal Audit colleagues regionally and globally.
• Direct line management responsibilities.
• Limited travel, when required to execute audits.

WORK EXPERIENCE

Essential

• Experience in managing model risk directly (model development or model validation), and/or executing audits in model risk management, and/or exceptional academic background.
• Knowledge of the regulatory environment in EMEA (e.g. PRA CP6/22), as well as best practices in other regions (e.g. SR11-07).
• Experience of working in a similar function for a large corporation, investment bank, or Big-4 firm.
• Experience in utilizing data analytics tools to execute full population testing (e.g. R, Python, Alteryx, etc.).

Preferred

• Experience in line management responsibilities, coaching, and mentoring.

SKILLS AND EXPERIENCE

Essential

• Knowledge of auditing methods and industry practices.
• An understanding of banking and financial services is required.
• Understanding of financial products, their risks and processes associated.
• Good knowledge of controls required to mitigate those risks.
• Good understanding of risk management and compliance matters.
• Ability to communicate clearly and concisely both verbally and in written form.
• Solid project management skills allowing taking on leadership of complex/large audits.

Education / Qualifications

• Higher education or equivalent industry experience.
• Professionally qualifications (CFA, CIA, etc.) are desirable but not essential.

PERSONAL REQUIREMENTS

• Results driven, with a strong sense of accountability
• Passion for growth and learning.
• Proactive and self-motivated.
• Attention to detail and accuracy.
• Ability to demonstrate sound judgement.
• Interpersonal skills to enable collaboration with colleagues and interaction with senior level stakeholders.

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity's performance framework. As duties and responsibilities change, the job description will be reviewed and amended 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 Bank and Securities.
• 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.