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Audit, Director
Mitsubishi UFJ Financial Group
New York, NY, United States
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Description
Join a financial group that’s as committed to your future as you are. At MUFG, we share a vision for our future, we share our successes, and we strive to bring out the best in each other in everything we do. Our 14,000 diverse colleagues are connected by a common ambition to create change for the better—from forging more dynamic career paths, to driving progress in our communities, to continuously reshaping the standards of global financial services. Positive impact starts here; see the change you can make as we strive to become the world’s most trusted financial group.
Internal Audit for the Americas acts as the third line of defense, independently assessing first and second line management’s effectiveness in identifying, measuring, monitoring and controlling the risks of the Bank. We are searching for a Senior Audit Manager / Director with banking/financial services experience, specifically OFAC and Sanctions Compliance experience, to lead the team responsible for auditing OFAC Compliance in regards to fiduciary and asset management activities, including trust and estate services and operations, corporate trust, global custody, broker dealer and registered investment advisor.
Job Summary:
Reporting into the Financial Crimes Audit Deputy, who reports to the Head of Financial Crimes and Compliance Audit, this position is a key leadership role for Internal Audit for the Americas related to the global OFAC Compliance at MUFG. The position will lead the ongoing monitoring and auditing of MUFG’s global OFAC program and regulatory corrective actions associated with OFAC and Sanctions Compliance.
Major Responsibilities:
• Provide ongoing monitoring for IAA on the progress of OFAC Program efforts to ensure the effective development and implementation of corrective action plans and strategic initiatives in the regions and countries.
• Through independent assessment of the control environment, identify potential concerns and control issues, determine the root cause of issues, and ensure stakeholders develop and implement appropriate corrective actions.
• Monitor and lead Global OFAC and Sanctions audits of the risk/compliance teams to ensure a collaborative, sustainable framework exists to effectively resolve open issues.
• Work with Project Management Offices to provide routine updates to Internal Audit (Americas and Global)
• Ensure appropriate processes and controls exist for the execution, documentation, and challenge of the closure of corrective actions and open issues.
• Build strong partnership with Compliance teams, Operations Risk, Regulatory Affairs Office and other stakeholders.
• Identify potential risk, including awareness of risks both within span of control as well as enterprise-wide
• Report results in an effective and timely basis, leading to appropriate remedial action and ongoing management of risk
• Effectively manage senior executive relationships to a mutually accountable, productive, respectful, and trusted level
• Participate in key meetings and committees.
• Help review issue/task closure forms and supporting documentation provided to IAA
• Act as a leader and role model; develop staff across the department; and continuously improve self and department
• In-depth knowledge of OFAC/Sanctions regulatory requirements, and a thorough understanding of the BSA/AML, OFAC/Sanctions risk and control environment within the financial services industry
• Extensive knowledge of OFAC and Sanctions Compliance. In addition to Financial Crime Risk Management and Enterprise Risk Management
• Strong experience of dealing directly with external regulators on matters relating to OFAC/Sanctions and BSA/AML.
Qualifications
• 10 plus years of internal or financial industry and compliance experience, particularly OFAC and Sanctions Compliance, preferably within a global organization in a role directly involved with driving change and program enhancement
• Extensive expertise in OFAC and Sanctions laws and requirements.
• Experience interacting with the Executive Committee Leadership, control function leadership, and compliance subject matter experts
• A proven track record of maintaining effective working relationships with regulators and key internal stakeholders in a global, cross-cultured matrixed environment.
• Proven-leader Collaborative with strong interpersonal communication skills
• Systemic thinker across enterprise
• Process oriented couple with a strong ability to develop appropriate program enhancing strategies
• Detail-oriented and organized execution
• Executive level presentation skills
• Demonstrated ability to manage multiple projects simultaneously
• Proven managerial skills necessary to successfully administer a core support and critical regulatory relationship function within a diverse organization and effectively coordinate between multiple business and support units
• The ability to interact effectively at all levels of the organization, including Bank staff, management, directors and prudential regulators
• Ability to work autonomously and initiate and prioritize own work
• Ability to work with teams of project managers
• Solid judgment, strong negotiating skills, and a practical approach to implementation – including knowledge of Bank systems
• Ability to balance regulatory requirements with the best interests of the Bank and its customers
• College degree or equivalent professional experience
• Law degree (JD), or a MBA or Master’s degree in business, accounting or related field is preferred
• Regulatory experience preferred.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.