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We are seeking a suitable candidate who is mature, self-motivated and meticulous as one of the key members in (1st Line) Compliance Risk Management team of APAC Global Corporate Banking and Investment Banking Divisions. The individual will update and maintain the 1st line compliance framework & SOP, conduct reviews & monitoring controls, coordinate 1st line compliance projects & periodic risk assessments, coordinate/conduct first-line compliance trainings, participate in regulatory compliance workgroups & meetings led by Regional and/or Singapore Compliance Office (2nd line), and other compliance support tasks. This role covers both core compliance and financial crime responsibilities within the first line of defence. The role is also suitable for those with Compliance and/or Audit experiences in 2nd and 3rd line of defences in Financial Institutions specialising in Corporate Banking and/or Investment Banking, who look to have a career switch to 1st line of defence
Key Responsibilities
This position encompasses the following duties:
- Conduct periodic business compliance monitoring and checks, and follow-up on findings and potential risks identified.
- Coordinate compliance projects and implement compliance initiatives/program.
- Participate in developing and roll-out of 1st line Compliance P&P.
- Coordinate and prepare Annual Global Financial Crime Risk Assessment (GRA) by extracting, analysing and calibrating data for reporting.
- Coordinate and review Annual Risk and Control Self-Assessment (“RCSA” aka Operational risk assessment).
- Assess impact of changed or new policies & procedures to Business lines and disseminate relevant changes, circulars & broadcasts to Business Lines.
- Perform gap analysis or process mapping against changed or new regulations as and when initiated by 2nd line Compliance.
- Act as a point of contact between Business lines and 2nd line Compliance and advise Business on compliance-related matters.
- Assist in data extraction, analysis as and when required by 2nd line Compliance and/or Regulator.
- Provide support to 2nd line Testing/ Monitoring and Audit inspection.
- Update/maintain departmental SOP related to business compliance & regulatory requirements.
- Coordinate with various business lines for compliance trainings/ conduct new staff induction trainings.
- Monitor and track APAC open issues (not limited to Compliance & Audit issues), follow-up on action plan implementation to ensure issues are closed in a timely manner.
- Participate in compliance project/issues workgroups and meetings led by 2nd line Compliance.
- Carry out ad-hoc tasks assigned by department Head and the Management.
Requirements
- Minimum 5 years of experience in Compliance/KYC & AML or internal control or audit experience with exposure in Corporate Banking and/or Investment Banking
- Prior exposure to or good grasp of Banking regulations is preferred (e.g. MAS or HKMA etc)
- Degree in Accountancy, Finance or Business Administration
- Excellent skills in MS Office (Excel, PowerPoint)
- Strong analytical and organization skills, keen eye for details, able to manage multiple projects/tasks simultaneously, result-oriented, a team player
- Self-starter, adaptable to changes, engaging/ability to manage communications with stakeholders of all levels/seniority
- Good communication and writing skills
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.
