VP - Senior Audit Manager - Global Financial Crimes [T500-20153]

About Us : 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, MUFG has a global network with over 2,100 locations in more than 50 markets. The Group has over 160,000 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 of 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 Bank, Ltd. is Japan’s premier bank, with a global network spanning more than 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.

In Asia, MUFG has a presence across 20 markets – Australia, Bangladesh, Cambodia, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.

It has also formed strategic partnerships with some of the most prominent banks in Southeast Asia, further augmenting its unrivalled network across the region – VietinBank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.

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

About the Role :

Position Title : Senior Audit Manager – Global Financial Crimes

Corporate Title : Vice President (VP)

Reporting to : Regional Financial Crimes Audit Director, EMEA

Location : Bengaluru

Job Profile : Position details :

The Senior Audit Manager – Global Financial Crimes, EMEA is responsible for executing and delivering all audit engagements assigned to them by the Chief Auditor and Audit Directors. Senior Audit Managers support the relevant Audit Director and in delivering the audit plan through sub-portfolio ownership.

The role includes responsibilities to support the annual planning process and the maintenance of the audit risk universe. Senior Audit Managers – Global Financial Crimes will have demonstrable and extensive subject matter expertise in their area as well as a clear ambition to continue further professional development, including an ability to lead, coach and develop junior team members.

Roles and Responsibilities :

Support the Audit Director in their management of the Global Financial Crimes portfolio, risk universe sections, risk assessments and audit planning and execution. Taking ownership of an assigned sub-portfolio, including oversight and audit strategies for delegated elements of the Audit Universe.

Support the Audit Directors to dynamically manage the audit plan for the assigned portfolio considering whether it remains relevant throughout the year, proposing changes as appropriate.

Take ownership of effective scheduling of resources to complete team deliverables, which accurately reflects availability and assignment requirements.

Take demonstrable ownership of assigned areas of responsibility managing team members and stakeholders (both internally and externally) to achieve objectives.

Take ownership for the planning of engagements, coordinating audit team activities to identify relevant key risk, overseeing the production of quality Audit Planning Documentation, on time and through the utilisation of Agile audit techniques.

Demonstrate strong accountability and responsibility for the delivery of assigned audit work, role-modelling a sense of urgency within the team. Executing audit and issue management / validation on time and in line with departmental key performance indicators (KPIs) for quality, impact and effectiveness.

Ensure audit reporting and Management Information (MI) is accurate and complete (e.g. Monthly Audit Reports, Audit Committee reporting etc.)

Deliver continuous monitoring assignments for a set portfolio across all EMEA branches and supervise the delivery by Audit Managers where applicable.

Evaluate principle financial crime and fraud risks and devises effective and efficient strategies to tests key controls. Execute and document audit work and conclude on the results and overall effectiveness of controls, in-line with Internal Audit methodology standards.

Escalate issues identified through the course of audit work to senior management. Interact constructively with audit stakeholders and audit team members to develop and negotiate solutions.

Maintain constructive relationships with stakeholders so that audit planning and delivery is achieved smoothly and professionally.

Deliver audit reports which are insightful, factually based, impactful and robust, and require minimal rewrite by the Audit Director / ExCo. May be required to support multiple engagements concurrently.

Attend Bank forums as a Financial Crimes subject matter expert when requested.

Follow up on Internal Audit issues to ensure satisfactory closure of Management Action Plans. This will involve the testing of remediated controls before closure of issues.

Support Audit Directors to provide clear, concise and accurate senior executive and governance committee papers on time – including Audit Committee, Risk Committee Control Environment and MCA Opinions.

Work collaboratively with all internal audit colleagues regionally and globally.

From time to time, you may be asked to take a role in Internal Audit’s strategic initiatives e.g. participating in working groups supporting strategic improvement initiatives within the department.

Line management responsibilities will include :

• Be accountable for the line management of all staff allocated to you;
• Be a role model line manager through regular high-quality career focused 121s and constructive feedback, delivering the tough messages promptly when required and coaching others to enable employee development;
• Actively coach others and enable employee and team development;
• Drive and create growth opportunities for staff within the team / EIA / MUFG. Maintain a high quality IDP with specific time-bound action plans. Grow the required skills within the team and address skill-gaps;
• Drive and create opportunities to increase staff engagement and recognise and celebrate individual and team success;

Understand individual’s value drivers and career aspirations and inspire them to high performance and motivate them to take on new responsibilities.

Job Requirements :

Demonstrable, extensive Financial Crime Internal Audit experience gained in the financial services industry.

Experience of Primary Businesses and Products and Financial Crimes. Primary businesses include : Corporate Banking, Investment Banking (Structured Lending, Project Finance, Trade Finance etc.), Transaction Banking and Global Markets

Comprehensive understanding of current Financial Crimes rules, regulations, and expectations relevant to the business within the EMEA region. Solid understanding of risk management frameworks, expected processes, key risks and associated controls

Business fluency in English and experience in an international work environment.

Data analytics experience

Experience of agile auditing

Excellent written and verbal communication skills and the ability to present audit opinions (verbally and in writing) in a clear, concise manner aimed at an executive level audience.