Internal Audit - Financial Crimes, Assistant Vice President

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Summary:

The Assistant Vice President role within the Global Financial Crimes Internal Audit function is responsible for executing independent, objective assurance and consulting activities designed to assess and evaluate the effectiveness of the Bank's governance, risk management and control processes. It reports to a Director. This role includes, but is not limited to, execution of end-to-end audit process of assigned BSA/AML projects and audits (e.g., planning, fieldwork testing, reporting, issues validation, etc.) and independently owning audit administration activities and project deliverables across the organization.

Management or Supervision:

No

Major Responsibilities: 

• Maintain compliance with audit methodology, while also operating within industry best practices, applicable regulations, and internal and external professional practice expectations.

• Act as a leader and role model and continuously improve self and department.

• Build relationships with peers and clients within organization and exhibit a high standard of performance and professional conduct that will create a culture of integrity and inclusion; where all individual and departmental choices are rooted in good judgment and support MUFG's Principal of Ethics and Conduct.

• Operate with an innovative and flexible mindset by continuously identifying ways to enhance consistency, efficiency, quality and/or value.

• Demonstrate professional skepticism and personal accountability.

• Lead walkthrough meetings and interviews with business stakeholders to develop understanding of business processes.

• Lead formal discussions with business stakeholders throughout the duration of audit engagements to communicate status or concerns.

• Identify potential risks and controls and assist in developing scope and work programs.

• Evaluate design and operational effectiveness of internal controls and identify control weaknesses.

• Generate insightful, meaningful observations that effectively convey significance and impact on risk and/or risk management practices, reporting findings and audit issues to Audit Management.

• Prepare workpapers and audit reports with documented results that adhere to methodology, applicable standards and regulatory requirements, using appropriate business and technical language.

• Document workpapers demonstrating the work was appropriately performed (e.g., detailed lead sheets describing the control attributes that were tested and the results were documented in a manner to support the conclusions reached, effectiveness and sustainable controls are evident in documentation). Documentation should stand alone to enable re-performance.

• Identify control weaknesses and escalate and discuss findings with Audit Management and business stakeholders as appropriate.

• Complete work on a timely basis and deliver work products that meet objectives and standards of methodology, applicable standards and regulatory requirements.

Education, Licensure, Year of Experience (and type of work experience):

• A bachelor’s degree, preferably in Accounting, Finance, Business Administration, Criminal Justice or related business discipline at an accredited college or university.

• A M.B.A., J.D., or equivalent postgraduate degree is encouraged.

Skills and Experience:

• Minimum of 7 or more years of internal or external audit or risk management experience and/or equivalent experience with the financial services industry, related markets, and related regulatory agencies.

• Minimum of 5 or more years of financial crimes (BSA/AML/OFAC) compliance audit experience

• CAMS certification preferred

• Experience working with the financial industry regulators, including OCC, FRB, SEC and FINRA and responding to regulatory requests.

• Proficient understanding of the internal audit process including risk assessment, audit methodology, and execution.

• Proven knowledge in technology as required for assigned areas (MS Office, audit data analytics, etc.)

• Highly motivated with the ability to multitask and remain organized in a high paced environment.

• Strong analytical and problem-solving skills.

• Expert understanding of financial crimes risk such as Bank Secrecy Act and Anti-Money Laundering (BSA/AML), Know Your Customer, and Sanctions is required.

• Exhibits effective communication (both verbal and written), negotiation and presentation skills; strong interpersonal skills; and ability to engage with all levels of internal audit and business line management.

• Team oriented with a strong sense of ownership and accountability.

• Employs critical thinking skills to identify pragmatic recommendations within an evolving and increasingly complex regulatory and risk management environment.

• The ability to travel may be required.

The typical base pay range for this role is between $92,000 - $123,000 depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity 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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.