Hybrid Markets Compliance Testing Officer, Vice President

at MUFG

• Job title: Markets Compliance Testing Officer, Vice President
• Job type: Full Time
• Experience level: Lead
• Salary: $124,000 - $162,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Irving, United States

About the role

• Markets Compliance Testing Officer executing compliance testing at MUFG with regulatory compliance focus. Collaborating with global business partners and assessing compliance controls in financial sectors.

Responsibilities

• Assess the adequacy of first- and second-line of defense controls and prepare reviews for senior management detailing assessment of the effectiveness of the Compliance program for in-scope Markets rules.
• Conduct analysis related to laws, rules, regulations and best practices related to the Markets Compliance program.
• Assist Compliance Testing teams from EMEA and APAC with advisory coverage of the relevant U.S. Markets regulations.
• Assist in responding to regulatory inquiries, audits, examinations and investigations.
• Work either independently or as part of a team in executing test programs and supervise and review the work of others that may be assisting on a review.
• Identify control and compliance issues, assess, and document the related risk, identify the root cause, and make reasonable recommendations for resolution.
• Responsible for ongoing communication with “clients” throughout the testing process to keep them apprised of progress and findings.
• Write clear, concise, and analytical evaluation reports and other workpapers summarizing level of risk, scope, objective, findings, and recommendations, consistent with the established procedures and templates.
• Adhere to the Bank’s risk vision, and risk management policies and programs, and identify and effectively manage risks associated with activities in the business lines we support.
• Responsible for the establishment or enhancement of test or review programs associated with Markets compliance and internal program standards.
• Lead complex compliance reviews.

Requirements

• Strong academic credentials – minimum BA or BS degree from an accredited university; Master's degree preferred, professional qualification such as Certified Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Regulatory Compliance Manger (CRCM), Certified Internal Auditor (CIA), or other related professional certification preferred.
• Minimum of 5 to 7 years’ experience in audit, regulatory examination, compliance testing, or similar capacity.
• Minimum of 3 to 5 years’ experience within the banking and financial sector, with a focus on Federal and State laws, regulations, and supervisory guidance, risk management, or a combination of these disciplines within Front Office and support functions such as Risk Management / Compliance Governance Programs, Human Resources, Finance, Legal, etc.
• Familiarity with applicable SEC, FINRA, CFTC, NFA, FRB, and international banking rules applicable to foreign banks.
• Knowledge and understanding of the Dodd-Frank Act Title VII as it pertains to the obligations of Swap Dealers and Security-Based Swap Dealers and Volcker rule.
• Experience working in a global organization, particularly as concerns global markets activities and familiarity with systems for booking, reporting and recording of derivatives transactions.
• Strong overall knowledge of Over-The-Counter (OTC) derivatives products across Rates, Credit, Foreign Exchange, Equities and Commodities.
• Strong understanding of trading strategies as it pertains to Global Trading desks
• Experience with drafting and implementing testing scripts.
• Solid research, analytical and writing skills required.
• Ability to analyze processes and identify risk including assessing changes in processes, making recommendations, and communicating results both verbally and in writing.
• Demonstrate knowledge of and be sensitive to the current regulatory environment.
• Strong work ethics and capacity to act both as an individual contributor who is self-motivated and to serve as a team member.
• Ability to multi-task and work in a dynamically changing environment.
• Demonstrated ability to develop and maintain cooperative, collaborative, and productive business partnerships.

Benefits

• comprehensive health and wellness benefits
• retirement plans
• educational assistance and training programs
• income replacement for qualified employees with disabilities
• paid maternity and parental bonding leave
• paid vacation
• sick days
• holidays