MUFG · 2 months ago
Markets Compliance Testing Officer, Vice President - Hybrid (Irving, TX OR Tempe, AZ)
Irving, TX
Full-time
Hybrid
Mid, Senior Level
$124K/yr - $162K/yr
5+ years expMitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups, striving to make a difference for every client, organization, and community served. The Markets Compliance Testing Officer will execute a compliance testing program, focusing on the Sales & Trading business units and ensuring adherence to regulatory standards and expectations.
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
Qualification
Required
Strong academic credentials – minimum BA or BS degree from an accredited university
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
Preferred
Master's degree preferred
Professional qualification such as Certified Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), or other related professional certification preferred
Experience in the following areas are highly preferred: Dodd-Frank Act Title VII as it pertains to the obligations of Swap Dealers and Security-Based Swap Dealers, Volcker Rule and Market Conduct regulations
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
Company
MUFG
MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Greidy Puig
Vice President Finance- Business Unit CFO
Mark Fernandez
Vice President, Global Markets CFO Office
Recent News
2024-04-29
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