Global Financial Crimes - Compliance Testing, Assistant Vice President
Company: MUFG Bank, Ltd
Location: Irving
Posted on: October 18, 2024
Job Description:
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.
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Keywords: MUFG Bank, Ltd, Richardson , Global Financial Crimes - Compliance Testing, Assistant Vice President, Executive , Irving, Texas
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