MAIN PURPOSE OF THE ROLE
•The individual will be responsible for completing Financial Crime Office EMEA (FCoE) Centre of Excellence - Quality Assurance (QA) reviews. The team carries out CoE Quality Assurance reviews across the Financial Crimes Compliance (Sanctions) processes in EMEA.
•As an Assistant Vice President in the Financial Crimes Office for EMEA, you work on a team that contributes to the operation of the financial crime compliance framework. Thus, your responsibilities and accountabilities include, but are not limited to, completing and overseeing the QA program in a “business as usual” environment to mitigate the financial crime risks.
•Working in a team of Financial Crimes Compliance process Quality Assurance reviewers performing CoE QA reviews of anti-financial crime activity in MUFG branches in the EMEA Region, to determine whether Financial Crimes Compliance Control process outputs meet the established quality objectives set out within the GFCD QA Standards.
•Ensuring that the results of the QA reviews relating to Financial Crimes Compliance control processes are communicated to the appropriate parties and are addressed in a timely manner.
•Assisting with the maintenance of written QA procedures for conducting QA reviews in accordance with the GFCD QA Standards.
•Supporting the implementation of a coordinated, consistent and risk-based Sanctions QA program.
•Preparing QA reports summarising the objectives and purpose, scope, QA review methods, limitations and a consolidation of the QA results for agreement by your line management/senior colleagues prior to distribution to Senior Management within GFCD to provide an overview of the Financial Crime Compliance control process effectiveness and facilitating the periodic reporting to the appropriate regional governing bod(ies).
•Escalating errors and exceptions identified during QA reviews in accordance with the GFCD Escalation and Issues Management Standard and the validation of action plans to address QA findings.
•Supporting the coordination with Regional Issues Management to monitor and track the resolution of QA identified issues and action plans.
•Supporting general compliance activities and other duties, including special projects as assigned
•Supporting the Quality Assurance Team Lead
•At least 3-5 years of experience within financial crimes area of a global bank, consulting firm or regulatory agency;
•Experience in Financial Crime Compliance or Regulatory Compliance: Quality Control/Assurance Function; Testing Function and/or Internal/External Audit Function;
•Minimum of 2 years’ experience in a Quality Control/Assurance; Compliance Testing/monitoring and/or Audit Function;
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
•Experience with managing stakeholder relationships within the local function/role.
•Knowledge of a variety Financial Crimes Compliance laws and regulations;
•Good judgement and analytical skills;
•Experience in drafting, designing and executing QA Reviews in accordance with Global Policies, Standards and/or Procedures; and
•Strong written and verbal communication skills
Education / Qualifications:
•Degree or equivalent industry standard qualification;
•Strong communication skills
•Results driven, with a good sense of accountability
•A proactive, motivated approach.
•The ability to operate with urgency and prioritise work accordingly
•Good decision making skills, the ability to demonstrate sound judgement
•A structured and logical approach to work
•Good problem solving skills
•Strong 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 pressured environment
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.