Analyst, Senior Auditor–Transaction Banking& Operations Audit
Pay Competitive
Location London/England
Employment type Full-Time
Job Description
Req#: 10059689-WD
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 160,000 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.
MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia.
The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. As one of the top financial groups globally with a vison to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do. We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings. Please visit our website for more information - mufgemea.com.
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.
MAIN PURPOSE OF THE ROLE
An exciting new opportunity has emerged for a Senior Auditor to join our Transaction Banking & Operations audit team within the EMEA Internal Audit function. Senior Auditors are responsible for the execution of audit engagements, working within audit teams on the delivery of audit engagements. Delivery and execution of all engagements must adhere to audit methodology and include formal sign-offs of key documents and processes within an audit file. The role-holder will be required to develop and manage relationships, including with business stakeholders, to operate effectively within the wider internal audit team. They must work on the efficient delivery of assigned audit portfolio engagements to ensure the appropriate key risks and related key controls are covered adequately and effectively, and to follow-up on issues raised through to their closure. The role-holder will support the Director, Operations & Transaction Banking Audit, to provide appropriate, adequate, and high quality assurance over the portfolio audits. The portfolio covers the Transaction Banking businesses (including Trade Finance) and the Operations functions that support the Corporate, Investment and Transaction Banking business and the Global Markets Securities business.
KEY RESPONSIBILITIES:
Key responsibilities of the Senior Auditor will include:
• Undertaking effective ongoing monitoring of the primary business areas and risks in the Transaction Banking & Operations portfolio, highlighting key risk issues to the business and EIA management.
• On occasion, assist in aspects of the maintenance of the EIA risk universe, risk assessments and audit plans where required.
• Participation in audit execution including planning, fieldwork, raising and documenting issues identified.
• Execute and deliver aspects of audit engagements to the required methodology standard.
• Apply audit methodology to all work performed, seeking guidance as required. • Ongoing monitoring and proactive validation of management actions completed in response to audit issues raised.
• Support and occasionally lead in continuous monitoring assignments for areas assigned by the Head of Audit. • Build and maintain constructive relationships with key stakeholders and auditees within their engagements. • Understand and develop knowledge of the Transaction Banking business and the Operations functions responsible for delivering systems across the corporate banking, investment banking and securities trading divisions as well as operations support and risk management functions.
• On occasion, the Senior Auditor is required to work on strategic initiatives, supporting the ongoing development of the audit function both regionally and globally. • Develop an appreciation of risk and control in banking.
• Work collaboratively with all Internal Audit colleagues regionally and globally. WORK EXPERIENCE Essential:
• Experience of working in an audit, or risk management/compliance, function within the Financial Services sector in a banking/trading institution.
• Experience of delivering audits in the context of a multinational financial services organisation.
• Ability to articulate an understanding of key components required to deliver audits within a multinational financial services organisation, describe corresponding risks and develop and implement appropriate audit techniques. Preferred:
• Experience of working in an audit function for a major corporate/investment bank or Big-4 firm.
• Experience of banking environments and applicable regulations across EMEA. • Experience of auditing key processes run by Operations functions in a corporate or investment bank.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Essential: • Knowledge of auditing methods and industry practices.
• An understanding of banking and financial services.
• Knowledge of corporate and investment banking, compliance and other risks
• Clear and professional communication skills (verbal and written).
Preferred:
• Good understanding of key governance, internal control, and internal audit within the banking sector
• Good understanding of regulatory requirements
• Good understanding of financial and non-financial risk management within banking
• Project Management qualification.
• Experience within Operations or Transaction Banking (including Trade Finance) activities, processes, products, technology and controls Education / Qualifications:
Essential:
• Strong university degree, or equivalent industry experience within Audit.
• Relevant Industry qualification e.g. CISA, CISM, CISSP, ACA, CIA etc
• Good acumen regarding auditing methodology and industry practices.
• Good knowledge of expected internal control frameworks to support key business activities Bachelor’s degree and relevant professional qualifications are preferred. Alternatively candidates with exceptional experience and professional qualifications may be considered if they have no relevant educational qualifications.
PERSONAL REQUIREMENTS
• Excellent communication skills
• Collaborative nature and good team working ethos
• 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
• Willingness to learn
• 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
• Appropriately applies professional scepticism
• Able to navigate complexity
• Enthusiastic, able to motivate and energise self
• Willing and able to invest in building relationships to deliver results
• Resilient and determined, to see assignments through to completion and resolve issues by overcoming obstacles
• Strives for excellence
PERFORMANCE AND DUTIES The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant. As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested.
MANAGING CONFLICTS OF INTEREST • The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
• The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour. • The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS. • Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc. • The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required
We are open to considering flexible working requests in line with organisational requirements.
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.
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