MUFG
Global Financial Crimes - Compliance Testing, Assistant Vice President
MUFG, Irving, Texas, United States, 75084
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 10 largest financial institutions according to S&P Global. 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. A member of our recruitment team will provide more details.
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 of 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 (in accordance with the eligibility requirements and respective terms of each) 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. For more information on our Total Rewards package, please click the link below.
MUFG Benefits Summary (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)
We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.
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 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.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s 10 largest financial institutions according to S&P Global. 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. A member of our recruitment team will provide more details.
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 of 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 (in accordance with the eligibility requirements and respective terms of each) 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. For more information on our Total Rewards package, please click the link below.
MUFG Benefits Summary (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)
We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.
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 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.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute