Manager – Monitoring

Manager – Monitoring (APAC) [T500-17396]

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: Manager – Core Compliance Testing & Monitoring

Corporate Title: Assistant Vice President

Reporting to: Regional ACO Head of Assurance and Local Core Compliance Director

Location: Bangalore

Job Summary:

The incumbent will be an individual-contributor within the Regional Assurance (Monitoring & Testing)department within the Compliance Office for Asia and will report functionally into the Head of Assurance(based in Singapore). Primary responsibilities include evaluating control effectiveness of Units’ adherence to regulations & Bank Core Compliance Policies and Procedures (non-Financial Crimes). This includes, but not limited to conducting risk assessments, planning and executing reviews and conducting issue analysis. The incumbent will have a local reporting line to the local office Director in support of local office initiatives.

Job Responsibilities:

• Plan and execute controls evaluation reviews under the supervision of the Functional Team Leads.
• Conduct walkthroughs to understand and evaluate control environment
• Identify relevant key controls for testing
• Evaluate internal controls design and effectiveness and where issues identified, conduct root cause analysis and propose remedial actions
• Conduct validation of Management Action Plans in connection with review findings
• Demonstrate ownership of reviews from start to finish, and be able to work independently and in group-setting.
• Deploy use of data analytics and/or user tools to achieve efficiencies in executing reviews
• Draft issue reports, summarizing the findings, root cause and propose remediation plans
• Effective communication of work done and issues to Functional Team Leads, ACO Management and Issue Owners
• Build relationships with peers and stakeholders (e.g. ACO SMEs, first-line-of-defense) within the organization and effectively manage stakeholder relationships to a mutually accountable, productive, respectful and trusted level.
• Collaborate with relevant stakeholders across the region and globally applicable on enhancement of Testing/Monitoring methodologies. Maintain, design, refresh Regional Monitoring Scripts
• Identify and escalate key and/or systemic risks / trends/ red flags.
• Support general compliance activities and other duties, including special projects as assigned

Qualifications:

• Bachelor’s degree in Accountancy, Business, Law or Finance discipline.
• 10-13 years of Banking experience, with relevant 5-8 years of relevant experience in Core Banking
• (Non-financial crimes) internal control testing. This ideally can be from Investment Banking and or
• Global Markets business.
• Excellent communications skills (verbal and written)
• Previous experience in banking controls review, including project management.
• Proficient knowledge of Process, Risk and Controls concepts
• Strong analytical skills to interpret data and draw conclusions
• Proficiency in issue writing (i.e. articulate issues, root causes, and recommend solutions)
• Excellent interpersonal skills and dealing with executives at all levels.
• Knowledge in banking products, APAC banking regulations compliance subjects (e.g. MNPI,
• Conflicts, Customer Tax, Market Abuse, Market Conduct) is highly desirable
• Data analytics skillsets (e.g., Alteryx and or other programming knowledge) is highly desirable.
• Relevant compliance / accounting certifications (e.g. Chartered Accountants, CIA, CFA) is desirable