Job Description

About MUFG Global Service (MGS)

MUFG Bank, Ltd. is Japan\xe2\x80\x99s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank\xe2\x80\x99s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world\xe2\x80\x99s leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.The Group aims to be the world\xe2\x80\x99s most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG\xe2\x80\x99s shares trade on the Tokyo, Nagoya, and New York stock exchanges.For more informat



About Us

MUFG Bank, Ltd. is Japans premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Banks parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

The Group aims to be the worlds most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.

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MUFG Global Service PrivateLimited

Established in 2020, MUFG Global Service PrivateLimited (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 MUFGs global network across Americas, EMEA and Asia Pacific

About the Role

Position Title: Global Financial Crime Compliance Testing APAC Region

Corporate Title: Assistant Vice President / AVP

Reporting to: Lead APAC GFCCT

Location: Bengaluru

Job Profile

Job Summary

Responsible for supporting the Global Compliance Testing function in performing deep dives and targeted risk-based reviews of Financial Crimes Compliance (AML, Sanctions, ABC) processes across APAC with an emphasis on the design and effectiveness of measures (controls) taken to monitor and mitigate applicable risk.

Roles & Responsibilities

• Engage directly with testing management and team leads with a goal to assist and when required lead end-to-end compliance testing reviews, applying the Banks testing methodology for MUFG Bank locations globally
• Apply the banks testing methodology and create testing workpapers to evaluate the effectiveness of existing financial crimes frameworks including the design and implementation of relevant controls across the AML, Sanctions and ABC framework
• Work closely with key stakeholders to understand business and functional requirements and support team leads in developing test plans, scripts, procedures, and sampling methodologies that incorporate regulatory expectations, industry developments, lessons learned from regulatory findings and internally identified issues by compliance testing and internal audit
• Engage review stakeholders during testing and monitoring reviews and provide credible challenge to ensure financial crimes controls are adequately evaluated
• Play a leading role in financial crimes related projects and engage with global and regional compliance management in the implementation of a coordinated, consistent, and risk-based testing program
• Assist in developing and maintaining quality control processes to drive adherence to Global Testing Standards
• Drive central coordination, governance, and reporting, leveraging regional structures and best practices
• Apply in-depth subject matter and industry expertise in preparing/reviewing reports summarizing the objectives, scope, findings, and conclusions of completed testing
• Support management in the validation of Management ActionPlans designed to address remediation efforts and testing review findings
• Play a leading role and provide guidance to Analystsin coordinating with Issues Management for monitoring and tracking resolution of testing findings, including validating actions taken to resolve previously identified issues
• Monitor developments, such as changes in the regulatory environment, financial crime/core compliance risks and industry developments which may necessitate ad hoc testing
• Play a key role in the development and enhancements to testing methodology, standards and procedures, Annual Test Plan, and testing tools
• Support general compliance activities and other duties, including special projects as assigned.

Job Requirements

Work Experience

• 10 15 years of relevant experience, including experience in the financial crimes compliance and/or core compliance area of a global bank, consulting firm, or regulatory agency

Skills and experience

• Experience with performing compliance testing, /assurance processes or internal/external audits preferred
• Knowledge of financial crimes compliance and/orcore compliance laws and regulations
• Excellent judgment and analytical skills
• Experience in working in diverse teams
• Strong written and verbal communication skills

Education & Professional Qualifications

• BA/BS Degree required; CPA, and/or CAMS a plus
• Some travel may be required, domestic and international

Equal Opportunity Employer

The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, color, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual\'s associates or relatives, or any other classification protected by the applicable laws.

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