Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG has a global network with over 2,300 offices in more than 50 countries. The Group has over 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
Core Purpose To ensure that our organisation conducts its business such that we protect our reputation, our business, and our customers within the regulatory and legal framework. As part of a leading global financial group, MUFG is required to act with integrity and meet our corporate responsibilities in the fifty-plus countries and regions where we operate. Ensuring we have a comprehensive financial crime compliance program is one of our most important responsibilities. MUFG has established the Global Financial Crimes Division in New York, USA to lead the program and each region under this program has a Financial Crimes Office. Financial Crimes Office EMEA (FCOE) is the regional office responsible for the establishment and maintenance of effective systems and controls to protect customers' assets and to mitigate the risk that BTMU might be used to further financial crime in EMEA. MUFG's financial crime compliance framework includes control processes designed to help the Bank detect, deter, and prevent financial crime as well as assess and mitigate related risks (i.e., money laundering and terrorist financing risk, sanctions risk, and bribery and corruption risk) in a manner that is consistent with applicable laws, rules, regulations, supervisory guidance, and commensurate with the Bank's risk profile and risk appetite.
Specific purpose As a Vice President in the Financial Crimes Office for EMEA, you manage a team that contributes to the operation of the financial crime compliance framework. Thus, your responsibilities and accountabilities include, but are not limited to, implementing and overseeing the sanctions program in a "business as usual" environment to mitigate the financial crime risks. In summary, this role requires:
Supporting the drive for compliance with MUFG's global policies;
Resolving issues identified via MUFG's testing functions, audits, regulatory exams, programmatic reviews, and quality assurance efforts.
Ensuring key processes are run efficiently to deliver quality and reliable information, to support the firm's business growth and control procedures. Developing and integrating these processes with the equivalents in MUFG to deliver a first-class EMEA team.
Providing support and logistic arrangements to enable FCOE to deliver its change programme efficiently and effectively across the EMEA region with specific responsibility for the management of Sanctions-related projects.
Management and resolution of issues identified from various sources within MUFG and externally in collaboration with other teams in FCOE related to Sanctions matters. In all your activities ensure that the legal entity integrity of MUFG Bank Ltd is respected, escalating to your supervisor if you identify any actual or perceived conflicts of interest between them.
DUTIES AND RESPONSIBILITIES
MUFG In addition to the duties described above, you will contribute to the work of the FCOE in any other ways reasonably expected, including memberships of projects and working groups and assisting with other priorities in the department or group as a whole.
Program Oversight and Remediation - Sanctions: Key Responsibilities
Manage the implementation of and compliance with group policies and procedures governing MUFG's financial crime control framework related to Sanctions;
Management and resolution of issues identified via the testing functions, audits, regulatory examinations, the Global Rollout gap analysis exercise, and quality assurance;
Ensure that EMEA is implementing and operating an end-to-end process for sanctions with appropriate controls in place to ensure the effectiveness of these processes. Where the Financial Crime Operations Centre of Excellence (CoE) is delivering these processes, the program team will provide oversight of how the CoE is delivering this service to London and the rest of the countries in the EMEA region;
Ensure delivery of EMEA region's compliance with the Global Wire Standards;
Prepare and deliver responses to regulatory enquiries, coordinating and providing subject matter expertise with regard to regulatory examinations and visits in the EMEA region; and
Support oversight of implementation of GFCD initiatives related to sanctions, including system rollout and new policy/procedure implementation.
The role is also responsible for:
Managing a small team, including overseeing technical aspects of their work, delegating tasks and ensuring outputs are in line with expectations.
Taking responsibility for managing and assigning team projects, participating and occasionally representing FCOE's interests in some larger projects across MUFG.
Developing a good understanding of the broader banking and regulatory environment, keeping up to date with developments and their impact on MUFG.
PERFORMANCE & DUTIES The role holder will be assessed in accordance with their employing entities performance framework and process with relevant input obtained from the dual hatting entity as relevant. As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.
MANAGING CONFLICTS OF INTEREST
You will have responsibilities for both MUFG and MUS
You will be required to perform your duties and responsibilities on an entity neutral basis, without favour
You are required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG and MUS.
Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG and MUS and any other relevant agreements entered into between MUFG and MUS.
You have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG and MUS, escalating to your manager where required.
MUFG, a global financial group 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.
Internal Number: 5879133
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