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About the Role
Position Title: Financial Crime Auditor
Corporate Title: Assistant Vice President
Internal Title: Manager/ AVP
Reporting to: Director
Location: Bengaluru
Job Profile
Position details
The Assistant Vice President role within the Americas 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 & Sanctions projects and audits (e.g., planning, fieldwork testing, reporting, issues validation, etc.) and independently owning audit administration activities and project deliverables across the organization.
Roles and Responsibilities
- Assist in conducting and supporting Americas financial crimes internal audits by evaluating the operating effectiveness of existing financial crimes compliance, as well as the design and implementation of relevant controls, such as escalation processes, documentation of policies and procedures, reporting, list screening, regulatory change management, governance framework, and training.
- 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.
- Properly validated remediated issues in accordance with Audit methodology
- 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.
Job 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.
- Chartered Accountant, CAMS, or CIA certification preferred or related business discipline at an accredited university.
- An advanced degree, or equivalent postgraduate degree is encouraged.
Skills and Experience:
- Minimum of 6 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 3 or more years of financial crimes (BSA/AML/OFAC) compliance audit experience
- 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.
Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.
