Assistant Vice President, Audit Manager (Financial Crimes Audit) (33828)

Mitsubishi UFJ Securities (USA) ,
London, Greater London
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Job Description

OVERVIEW OF THE DEPARTMENT/SECTION We are MUFG. 360 years of heritage. A world-class set of businesses. And more than 180,000 employees in 50 markets. It's no surprise that MUFG has grown to become one of the top five banks in the world. Our services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG offers stability in an ever-changing market, providing services to high-profile clients worldwide. Our vision? To become the world's most trusted financial group. You'll help us achieve it. EMEA Internal Audit Office (EIAO), as the Bank's third Line of Defence, and in accordance with the Global Institute of Internal Auditors (IIA) International Standards (IIA Standards), provides independent assurance to the Board and Executive Management on the quality and effectiveness of governance, risk management and internal controls to monitor manage and mitigate key risks to achieving the Bank's objectives. NUMBER OF DIRECT REPORTS This position generally does not manage staff. MAIN PURPOSE OF THE ROLE MUFG is embarking on a multi-year transformation to globalize the Internal Audit function. Financial Crimes Audit is one of the first areas globalised under this transformation. An exciting new opportunity has therefore emerged for an Assistant Vice President (Audit Manager (AM)) to join MUFG and Internal Audit in London or Amsterdam, as we build towards a best in class, global Internal Audit function and the Financial Crimes Audit Team. Reporting into the regional financial crime director in London, the SAM will support risk assessment, annual planning and audit execution, in close collaboration with the MBE Internal Audit team in Amsterdam and other colleagues across the globe. Reporting to either a Director or Regional Director, this position is primarily responsible for completing quality audit work within assigned timeframes and budgets. This is generally the execution of assigned audits, including planning, fieldwork, reporting, and issue tracking and follow-up. Covers staff responsible for independent, objective assurance and consulting activity designed to improve a firm's operations by evaluating and improving the effectiveness of risk management, control and governance processes. Special reviews may also be conducted as requested by senior management and incumbents may also be involved in strategic business reviews. Will also be responsible for liaising with the front office, risk and compliance functions. Day-to-day focus is on resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes. Role at this level usually has full ownership for one or more processes, reports, procedures or products, and may also be considered analytical or procedural experts representing a unit or team on cross-function process or project deliverables. KEY RESPONSIBILITIES Execute an efficient and effective program of audit work including aspects such as: * Lead interviews of process owners to develop understanding of business processes, client's business * Identify potential risks and controls, and assist in developing scope and work programs * Evaluate internal controls design and effectiveness * Identify control weaknesses and suggest appropriate remediation * Document results using appropriate business and technical language in workpaper system * Report findings and client issues to management and engagement lead * Assist with workpaper review and report preparation * Complete work on a timely basis and with high quality workpapers in line with audit methodology, while also operating within industry best practices, applicable regulations, and internal and external professional practice expectations * Build relationships with peers and clients within organization Act as a leader and role model and continuously improve self and department. Travel is required for the position, with an estimated range of 10-40% varying on the location of the incumbent and key staff and stakeholder and audit geographies. WORK EXPERIENCE Essential: * Experience of working in an audit function (second line Compliance or Risk Management, or front line testing teams will be considered) within the Financial Services sector or providing consultancy services in the same sphere. * Good understanding of wholesale markets either in an investment banking or commercial banking firm. * Good knowledge of Financial Crime areas (e.g. Anti-Money Laundering including Client Due Diligence, Transaction Monitoring, Suspicious Activity Reporting, Sanctions and Anti-Bribery and Corruption). Training will be provided to enhance this. * Knowledge in auditing Compliance or Risk Management functions with a major financial firm, including front to back audits (e.g. Front Office). * Proven track record in delivering quality audit work including planning, fieldwork and issue writing. * A good understanding of the regulatory environment, in pa

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