Vice President, Senior Audit Manager - Risk, Operations and Legal Vice President, Senior Audit Manager - Risk,  …

MUFG
in London, United Kingdom
Permanent, Full time
Last application, 23 Sep 20
Competitive
MUFG
in London, United Kingdom
Permanent, Full time
Last application, 23 Sep 20
Competitive
We are MUFG. 360 years of heritage. A world-class set of businesses. And more than 180,000 employees in 50 markets. It’s no surprise that MUFG has grown to become one of the top five banks in the world. Our services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG offers stability in an ever-changing market, providing services to high-profile clients worldwide. Our vision? To become the world’s most trusted financial group. You’ll help us achieve it.

OVERVIEW OF THE DEPARTMENT/SECTION

The Senior Audit Manager – Risk, Operations and Legal is responsible for executing and delivery of audit engagement related to related to Back Office operations for commercial and derivatives business activities, in addition to operational and legal risks, assigned by the Chief Auditor and Head of Audit. They will work within the wider team on the scoping, planning and delivery of these engagements to ensure they cover the appropriate key risks and related key controls, including the follow-up of issues raised. They may be required to conduct fieldwork, often taking a supervisory and lead role in the audit engagement.

 

MAIN PURPOSE OF THE ROLE 

The Senior Audit Manager is responsible for executing and delivery of audit engagement related to Back Office operations for commercial and derivatives business activities, in addition to operational and legal risks, assigned by the Chief Auditor and Head of Audit. They will work within the wider team on the scoping, planning and delivery of these engagements to ensure they cover the appropriate key risks and related key controls, including the follow-up of issues raised. They may be required to conduct fieldwork, often taking a supervisory and lead role in the audit engagement.

 

Key responsibilities:

In this role, the successful candidate will be responsible for:

  • Supporting the Head of Audit to maintain areas of the audit universe and the related risk assessment, ensuring that risk assessments are up to date and accurate. Assist the Head of Audit deliver continuous monitoring assignments for a set ensuring the effectiveness of continuous monitoring which underpins audit activity and areas of focus.
  • Establish and maintain strategy and approach papers for entities and risks within their Head of Audit portfolio, as directed.
  • Seek opportunities to improve risk coverage (within their specialist areas) on a global basis.
  • Utilise subject matter expertise, knowledge of the business and wider industry knowledge to influence the audit plan and the risk assessments applied to an operations function and audit universe.
  • Ensure high quality standards for audit files and opinions in line with Methodology / QA requirements.
  • Ensure timely and efficient delivery and execution of audit assignments within agreed timelines/milestones.
  • Ensure audit reporting and MI is accurate and complete (e.g. Monthly Control Reports, Audit Committee reporting etc.).
  • Maintain constructive relationships with senior stakeholders so that audit planning and delivery are achieved smoothly and professionally.
  • When leading an audit, deliver audit reports which are insightful, factually based, impactful and robust, and require minimal rewrite by the Head of Audit.
  • Champion the implementation of methodology best practice through audit engagements, leading by example.
  • Display very strong appreciation of risk and control in banking.
  • When leading audits, responsible for agreeing draft Management Action Plan for reports and checking for robustness of actions and proposed timelines, prior to approval by relevant Head of Audit. Ownership of follow-up and validation of audit issues raised.
  • Work collaboratively with all Internal Audit colleagues regionally and globally to ensure that the quality of work produced globally continues to advance. On occasions, be required to act as lead on Global Thematic Audits.
  • Attend Bank forums as a Subject Matter Expert when requested.

From time to time, may also be required to take a lead role in non-‘BAU’ initiatives e.g. a working group.

 

WORK EXPERIENCE

Essential:

  • Experience of working in Internal Audit or second line risk function.
  • Knowledge of Operations function in commercial and derivatives business
  • Knowledge of operational risk management
  • A good understanding of the regulatory environment.

Preferred:

  • Experience of working in a similar audit function for a major corporate/investment bank.
  • Good experience working on change initiatives in an audit or advisory capacity
  • Experience of auditing or advising on business strategy or strategic processes.
  • Knowledge of how to use data analytics to drive continuous risk monitoring and perform audits.
  • Understanding of and experience in providing assurance over compliance with the regulatory requirements relating to corporate & investment banking.
  • Experience gained in the relevant first or second line of defence business or risk functions

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential:

  • A strong understanding of risk management, operations and audit within the banking sector.
  • Strong subject matter expertise in risk management, compliance (including conduct), business operations, processes, products and controls is required. The candidate should understand regulatory requirements and minimum standards as they apply to the banking sector.
  • Strong understanding of projects and change in banking.

Preferred:

  • Strong acumen regarding auditing methods and industry practises is preferred.
  • A good knowledge of key corporate events including significant business process changes, regulatory change, introduction of new products and services, outsourcing decisions and / or acquisitions/divestments.

Education / Qualifications:

Essential:

  • Higher education and equivalent industry qualifications  and experience e.g .ACA, ACCA, ACT etc

Preferred:

  • Relevant industry qualifications e.g. CIA, ACCA, ACA, ACT, CF, ICA are desirable but not essential.
  • Project Management qualification.

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 interpersonal skills
  • The ability to manage large workloads and tight deadlines
  • Excellent attention to detail and accuracy
  • A calm approach, with the ability to perform well in a pressurised environment
  • Strong numerical skills
  • Excellent Microsoft Office skills

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.

We are open to considering flexible working requests in line with organisational requirements

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