Global Financial Crimes - Compliance Testing, Assistant Vice President Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we're 120,000 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.The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day.Major Responsibilities:
- Responsible for supporting the Global Financial Crimes Compliance Testing ( GFCCT ) function in performing deep dive reviews and targeted risk-based thematic assessments of financial crimes compliance (AML, Sanctions, ABC) processes globally, with an emphasis on the design and effectiveness of measures (controls) taken to mitigate financial crimes risk.
- 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 Control Testing and Targeted Controls Assessment methodologies to evaluate anti-money laundering, sanctions, and anti-bribery & corruption controls, owned by the First and Second Lines of Defense to detect potential emerging risk(s), including control design and/or performance deficiencies that may trigger additional action, expanded testing reviews and/or inform the Annual Testing Plan where required.
- 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 reviews and Targeted Controls Assessments and provide credible challenge to ensure financial crimes compliance controls are adequately evaluated.
- Play a leading role in financial crimes 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 reviews and Targeted Controls Assessments.
- Support management in the validation of Management Action Plans designed to address remediation efforts and review findings.
- Play a leading role and provide guidance to Analysts in performing testing activities and coordinating with Issues Management for monitoring and tracking resolution of applicable issues, including validating actions taken to resolve previously identified issues.
- Monitor developments, such as changes in the regulatory environment, financial crime 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:
- BA/BS Degree required; JD, CPA or equivalent and/or CAMS or equivalent a plus.
- 3+ years of relevant experience, including experience in the financial crimes 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 laws and regulations.
- Strong command over Microsoft Office Suite (i.e. Excel, Access, PowerPoint, and Word).
- Excellent problem-solving skills and ability to succeed in emerging or undefined spaces.
- Knowledge of Transaction Banking applications and technologies will be an advantage.
- Excellent judgment and analytical skills.
- Strong written and verbal communication skills.
- Some travel may be required, domestic and international.The typical base pay range for this role is between $90K - $112K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays.MUFG Benefits SummaryWe are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. #J-18808-Ljbffr