12 Month FTC - Regulatory Reporting Capital Quality Assurance Analyst

London, England, United Kingdom

12/11/2024

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 leading financial groups. 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.

VP - 12 month FTC - Regulatory Reporting Capital Quality Assurance Analyst

Overview Of The Department/Section

MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia.. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

As one of the top financial groups globally with a vision to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do.We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, MUFG Bank, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.

Please visit our website for more information - mufgemea.com.

NUMBER OF DIRECT REPORTS

TBC

MAIN PURPOSE OF THE ROLE

You are responsible and accountable for the accurate calculation of management information and regulatory reports for MUS(EMEA) and MUS(EU) by working with both onshore and offshore FIN – Capital team members, including, but not limited to:

• Management of daily capital metrics versus agreed internal targets;
• Management of monthly reports e.g. department regulatory and economic capital reports;
• Quarterly regulatory deliverables e.g. COREP reports, IMA Pack;
• Oversight of quarterly, bi-annual and annual Pillar 3 disclosures;
  
  

You are also responsible and accountable for the development of processes and including:

• FRTB reporting procedures and infrastructure to enable the accurate and timely reporting of capital under FRTB regulatory requirements.
  
  

Key Responsibilities

• Planning and Strategy Development
  
  

Responsible for working with Technology to ensure that suitable infrastructure and tools are in place for the review and analysis of capital under FRTB ahead of regulatory reporting go-live on 1st January 2025 in the EU and 1st July 2025 in the UK.

• Risk Management
  
  

As Prudential Risk Manager, you will be responsible for monitoring, and taking action further to your delegated authority in respect of, the management of MUS(EMEA) and MUS(EU)’s capital. You are:

Responsible for prudential obligations and compliance with the prevailing regulatory rules, such as:

• COREP returns for areas of subject matter expertise including market risk capital, standardised credit risk and large exposures;
• Delivery of the IMA Pack (a regulatory requirement to maintain MUS(EMEA)’s use of internal models for market risk capital) to the PRA, providing challenge and review of inputs from ERM, MRM, RAG and Product Control at the sign-off meeting.
• Responsible for the management of the firm’s capital adequacy and highlighting any emerging threats to senior management and taking appropriate action to mitigate impacts on the firm;
• Accountable for Pillar 3 disclosures, leading teams across the firm to produce the disclosures and ensuring senior management review and approval, in line with regulatory requirements; and
• Responsible for representing FIN – Capital at risk committees such as the ICAAP Steer Committee and Model Oversight
• Committee with the requisite authority as decision maker (or facilitator as necessary).
• Regulatory Compliance, Affairs and Change
  
  

You will manage the following matters with respect to internal systems and procedures, appropriate for above departments, including:

• Responsibility for ensuring that Moody’s is calculating capital accurately in line with the current regulation for each entity as well as working with Technology to implement and test any developments for future regulatory change;
• Accountability for ensuring that Pillar 3 disclosures are compliant with the latest regulations for each jurisdiction;
• Responsibility for ensuring that FRTB capital reporting IT systems and controls are in line with best practice for regulatory reporting.
• Controls and Compliance
  
  

You are responsible for ensuring the Company’s compliance with internal risk and compliance requirements, controls and procedures, including but not limited to:

• Responsibility for ensuring that the Capital Risk Management and Capital Regulatory Reporting policies are kept up-to- date and fit for purpose;
• Responsibility for maintaining and testing the team’s RCSA in line with best practice;
• Personally, following all relevant policies and procedures, and ensuring those in your team also follow policy and procedures.
• Technical Capability
  
  

You are accountable for evaluating and maintaining a framework for Pillar 3 disclosure requirements that is in line with regulatory requirements and industry best practice.

• Relationship with other functions and stakeholders
• Maintain and enhance good working relationships with stakeholders in other functions.
• As an SME for capital, add value to cross-functional deliverables such as the ICAAP and Recovery and Resolution
• Plan by providing challenge from a capital perspective.
• For regulatory reports such as Pillar 3 and the IMA Pack that rely on inputs from other departments such as Risk (ERM, RAG and MRM), Product Control, Treasury and Legal, provide challenge and review of those inputs as chair of the cross-functional sign-off meetings.
  
  

MUFG operates a hybrid working policy of 3 days per week in the office.

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.