AVP-Testing & Monitoring

Corporate Title: Asst Vice President/Analyst

Location: Mumbai

Job Profile

Equal Opportunity Employer

The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, colour, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual's associates or relatives, or any other classification protected by the applicable law

Job Profile

Purpose of Role

Ensure compliance for the Bank’s business division(s), product line, and operational system. Communicate, coordinate and monitor regulatory compliance policies, systems and procedures, provide relevant and conduct audits/testing. Review and monitor efficient and effective compliance programs and functioning systems of internal control under the supervision of Compliance Manager and in coordination with Regional Compliance team. Ensure proper, adequate and timely coverage of the compliance testing, and suitable redressal of the findings.

Main Responsibilities

Strategic

• Support high standards of core compliance framework through the ongoing delivery of an organised and structured Core Compliance Program on monitoring and testing.
• Support first line of defence in developing balanced action plans while ensuring that key compliance risks and regulatory requirements are addressed.

Financial

• To perform compliance testing on topics as mandated by Regional Compliance basis the residual risk from the Compliance Risk Assessment. The testing has to be comprehensive to identify all possible risks from the core compliance perspective. Engage with the teams to ensure that the risks thus identified are addressed satisfactorily.
• Perform testing on local regulatory guidelines, to ensure strict adherence to the requirements, adequate controls exist. To also contribute by testing the RBI Tranche III points and contribute towards timely and quality completion of these guidelines

Customer

• Demonstrate commitment in identification, detection and remediation of compliance gaps and risks.
• Develop and maintain strong stakeholder management with key stakeholders both within MUFG and externally.
• Work in close collaboration with various departments and colleagues located within and outside India, to ensure due compliance of applicable norms.
• Work in close collaboration within the Compliance team to engage and ensure uniform requirements are communicated to the FLOD.

People

• Connect beyond your team and leverage our global strength as One MUFG.
• Engage and collaborate with the teams for ensuring improved understanding of the requirements and promote better adherence and enhanced risk control over the guideline.

Other/ Control

• Promoting risk evaluation, mitigation, and management consistent with policies and standards and through testing, and then coordination and engagement of the first line of defense
• Update the issue tracker, and exercise control over timely and quality addressal of the issues
• Discuss with SMEs in formulating the testing scripts, identifying topics for adhoc testing, engagement to identify gaps for thematic reviews, regulatory guidelines to be tested

Candidate Profile

Education & Professional Qualifications

CA with 6--8 years of banking experience, preferably in compliance monitoring or audit function in a Bank.

Skills & Knowledge

(e.g. Capability, Traits required for the role)

• Good stakeholder management skills to collaborate with other departments.
• Strong knowledge of Compliance issue and RBI regulations.
• Good communication skills.
• Strong PC skills (MS Word, Excel, PowerPoint).

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.