Assistant Vice President, Swap Dealer - Regulatory Assurance

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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.

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Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

Overview of the Department/Section:

Compliance Testing and Quality Assurance (CTQA) is responsible for leading and/or delivering a comprehensive risk based assurance programme across the bank and securities business activities of MUFG in London and the EMEA region. The work of the department extends to conducting reviews, deep dives, communications monitoring, investigations and trade surveillance. Effective delivery of this programme requires collaboration with other Compliance Departments and engagement with all business and operational areas.

Main Purpose of the Role:

To contribute to the overall success of CTQA and its objectives by delivering a risk based programme of second line compliance for MUFG’s EMEA region. The role includes support of both the Global Head Offices’ assurance programmes and EMEA based testing which may also include opportunities to travel to offices located within EMEA. The role may involve ad-hoc investigations, projects and thematic reviews. You may also be asked to support wider initiatives and undertake other tasks and responsibilities in CTQA.

Key Responsibilities:

In this role, you will be responsible for the compliance assurance and testing programme across MUFG’s banking and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you.

You will be expected to contribute to the overall compliance assurance and testing framework by:

• Supporting the swap dealer compliance assurance programme (CFTC / SEC regulations)
• Acting as or working towards being an SME in the swap dealer regulations
• Interpreting swap dealer rules and executing testing as directed by Management
• Supporting the production of any MI in realtion to swap dealer programme and assisting in production of committee materials or other records as requested
• Leading, managing and owning technically complex, well-articulated and comprehensive reviews of the London and EMEA business areas to provide assurance over compliance and conduct risks to key stakeholders
• Scoping reviews and developing test programmes
• Tracking, managing and taking ownership of the remediation of compliance issues by working with relevant business stakeholders
• Regularly meeting with and engaging with key business stakeholders in order to identify key risk areas and building/maintaining strong relationships with key stakeholders
• Contributing to the quarterly and annual risk assessments
• Working directly with off-shored teams to manage the quality of their output and the delivery of assigned work
• Guiding, managing and developing off-shored staff as allocated
• Coaching, supporting and training junior members of the team
• Providing support to both the Bank and Securities Head Offices
• Working in collaboration with the First Line to support their assurance programme
• Providing regular MI for management and Head Office
• Assisting in the creation and delivery of the department’s Assurance Plan by identifying key areas of focus for reviews,
• Identifying compliance and conduct risk topics and communicating to the team, division and senior management on any industry updates.
• Supporting and expanding the use of the internal data analytics system to drive testing efficiencies
• Actively participating in current CTQA projects and wider initiatives such as data analytics, compliance framework implementation, risk rollout in EMEA and globally
• Representing Core Compliance at relevant committees and forums across the Bankand Securities
• Supporting the build out of the CTQA’s presence in EMEA
• Other ad-hoc tasks as requested by management

Experience

Essential:

• 3 years+ of experience in a Compliance Assurance and Testing role and ideally experience/knowledge in CFTC / SEC regulations

Desirable

• 4 years+ experience in a Compliance Assurance and Testing role

Education / Qualifications

• Relevant industry qualifications relating to Compliance preferred, e.g. CISI

Skills and Experience:

Functional / Technical Competencies

• Excellent Microsoft Office (including Excel) skills
• Strong relationship management skills, including with senior stakeholders
• Effective time management skills, with the ability to produce high quality output and meet tight deadlines
• Problem solving, analysis and reporting skills
• Ability to exercise sound judgement, balance risk and practicality to determine appropriate actions/ solutions
• Excellent presentation and interpersonal skills - ability to communicate clearly and concisely both in person and in writing to articulate how an identified issue increases risk for the firm
• Good understanding of Investment Banking and Markets risks and regulations
• Ability to scope reviews, create test scripts and review the work of others
• Strong compliance testing experience required
• Broad understanding of the FCA Handbooks, Regulatory approaches & OFAC Standards

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.