Director – EMEA Risk and Legal

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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.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****3****MAIN PURPOSE OF THE ROLE****The main purpose of the role is to provide leadership and oversight for EMEA Enterprise Risks and GM Traded Risk portfolio. This includes responsibility for design of audit planning and corresponding audit execution for all relevant audit components related to enterprise wide risks in EMEA (including market, model and prudential risks) and GM traded risk (including key trading P&L drivers, market risk, traded credit risk, model risk and valuation risks).The person will be required to develop and manage relationships, working closely with local and global audit colleagues and regional and global business stakeholders.In particular, the holder will be required to play a significant role in developing, implementing and embedding a robust relevant audit approach for the region, as well as contributing to key strategic initiatives, both locally and globally. In addition, they will be required to play a key role to establish the Traded Risk Centre of Excellence (CoE) globally, providing analytical, technical and quantitative support across traded risks for Global Markets audits.They will also be responsible for maintaining the audit universe for their assigned auditable entities and the related risk assessment, delivering effective continuous monitoring, and establishing and maintaining strategy and approach papers.Note: 70% of the role capacity is allocated to cover EMEA risks vs 30% to support the global GM traded risk.****KEY RESPONSIBILITIES********People:***** EIA Directors are responsible for the line management of staff allocated to them. These teams will be made up of Senior Audit Managers, Audit Managers, Senior Auditors or Auditors.* High performing teams are expected in EIA and therefore the EIA Director must support performance and talent management.* The EIA Director will be required to influence and negotiate with counterparts across EIA and globally to execute audit assurance.* As a Director, high leadership standards are expected across the wider global function and bank and the role holders will be required to act as role-models and support other EMEA-wide initiatives.* EIA Directors will also be required to support non-‘BAU’ strategic initiatives e.g. 5 P’s.* EIA Directors are expected to play a lead role in team meetings and be proactive in identifying issues in the department and managing them. ****Planning:***** EIA Directors will support Heads of Audit in managing their sections of the risk universe and the related risk assessment. This includes producing the annual audit plan and maintaining appropriate documentary evidence that the plan is risk based and provides the appropriate coverage.* Are expected to utilise their subject matter expertise, knowledge of the business, continuous monitoring intelligence and wider industry knowledge to complete the risk assessments applied to the universe.* Will be responsible for the development of strategy and approach papers for entities and risks within their team’s portfolio.* They are expected to improve risk coverage (within their specialist areas in particular, but not limited to this) on a global basis e.g. support thematic coverage globally. ****Product:***** EIA Directors are responsible for the delivery of audit engagements assigned to them.* Ability to lead a portfolio of Audit Engagements, which must demonstrate appropriate coverage of the key risks and meet all QA standards.* Provide high quality impactful audit opinions based on the scope of work within their portion which is value adding for stakeholders (Board/ Audit Committee/ Executive Management and their Businesses)* Deliver continuous monitoring assignments for agreed entities, supporting their Head of Audit.* Issue Management must be maintained to the highest standards.* The role holders will contribute to the department meeting the required Quality standards and are expected to lead and champion audit methodology implementation. ****Position:***** The EIA Director position will be a contributing representative for the Department on a global basis.* Attend Bank forums when the Head of Audit is unable to attend or when delegated within their team’s portfolio.* Lead relationships with key business staff and auditees within their team’s portfolio. ****Professional Practices:***** Take ownership of or support strategic developments within EIA and assist IAD globally on this agenda.* Work closely within the Head of Audit Finance, Legal, Risk and Compliance and EIA SLT to ensure that the departmental vision and objectives, outlined under the ‘5 P’s’ Programme are being achieved.****WORK EXPERIENCE****Essential:* Significant experience of working in Enterprise, Market, Model and Traded risks, including leading and managing audit teams and establishing audit strategies.* Experience working in leading financial services firms****SKILLS AND EXPERIENCE********Functional / Technical Competencies:****Essential* Excellent subject matter expertise within Enterprise, Market, Model and Traded risks activities, processes, products, technology and controls is required.* The person should have a good understanding of key governance, strategy, risk and management processes.* Higher education or equivalent industry experience within Audit.* The person should understand regulatory requirements and minimum standards as they apply to MUFG’s key activities with a particular focus on Enterprise, Market, Model and Traded risks-related requirements.* Strong acumen regarding auditing methods and industry practices. A strong understanding of finance and risk management within banking.* An excellent communicator, the role-holder will be required to have appropriate gravitas, presence and business acumen to interact easily with senior management.* Global perspective, demonstrating inclusiveness through an appreciation of different perspectives and diversity.* A passion for leading people and being driven to be part of a high performing team is a must.****Education / Qualifications:****Preferred:* Bachelor’s degree and relevant professional accountancy &/or qualifications, e.g. CIA, ACA, CFA are preferred. Alternatively candidates with exceptional experience may be considered if they have no relevant educational qualifications.****PERSONAL REQUIREMENTS***** Excellent communication skills* Results driven, with a strong sense of accountability* A proactive, motivated approach.* The ability to operate with urgency and prioritise work accordingly* Strong decision making skills, the ability to demonstrate sound judgement* A structured and logical approach to work* Strong problem solving skills* A creative and innovative approach to work* Excellent #J-18808-Ljbffr
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Location:
City Of London, England, United Kingdom
Salary:
£150,000 - £200,000
Job Type:
FullTime
Category:
Legal

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