Job Information
MUFG Assistant Vice President / Vice President, Front Office Control Oversight Manager in London, United Kingdom
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 120,000 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.
Front Office – Supervision and Controls oversight
Provide support and training to Sales & Trading (S&T) for all Front Office Risk and Control requirements.
Develop and maintain (i) inventory of S&T Risk processes, and (ii) controls and reports; ensure Sales & Trading Desk Heads have visibility of key risks and controls within their business and risks, near real-time where possible.
Assist S&T to capture/document non-financial risk incidents and any associated issues and actions – help to ensure FO-owned issues/actions are resolved in a timely manner.
Support S&T in their assessment of risk and controls (RCSAs) across each FO Desk
Review and assess key hand-offs with support functions to assess whether the correct data/MI is being sent to and captured by the Front Office to aid risk management and control oversight.
Develop and maintain the MUSE Supervision/Controls Dashboard and associated reporting
Support MUSE S&T governance Fora by preparing Committee packs, Minutes, Actions.
Agree KRI thresholds between Business and Control/MI Owners and source relevant data for oversight.
Pro-actively enhance and promote positive conduct and risk culture to promote accountability and responsibility across all the S&T.
Work with S&T Management to design and implement new control initiatives within S&T where required
Continue evolving the control framework and devise and deliver solutions to sufficiently mitigate existing and emerging risks within S&T.
Review and challenge regulatory control MI and ensure that this achieves both risk and control oversight requirements for Sales & Trading Heads.
Help oversee the development and implementation of regulatory initiatives impacting Sales and Trading – participating in technical design, tracking, escalation and control requirements in S&T.
Develop strong working relationship with 1st Line teams (e.g. S&T, Business Management, Ops, TEC, IDM) and 2nd Line teams (e.g. Compliance, Financial Crime and Op Risk) to ensure ‘best in class’ support models for S&T.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Essential
Ability to quickly understand the local nuances regarding systems and internal relationships between departments
Excellent knowledge of risk management and risk mitigation approaches
Pragmatic and practical approach to the implementation and application of 2nd line requirements
Good knowledge of operational risk or supervision practices
Good knowledge of Industry standards and Sales and Trading Business practices
Good knowledge of Global Markets products and trade flows
Previous experience of working in, or directly supporting, a Sales and Trading Business
Preferred:
Knowledge of data aggregation and MI creation from low level data; trend analysis
Compliance Advisory or Middle Office experience would be useful
Understanding of current regulatory requirements
Experience as part of a FO regulatory implementation project.
Front Office Supervision or Controls knowledge/experience useful
Education / Qualifications:
Essential
- Degree or equivalent
Preferred:
- Additional industry qualifications would be useful (risk, compliance, regulatory)
PERSONAL REQUIREMENTS
Personal alignment to MUFG Values
Integrity & Responsibility
Professionalism & Teamwork
Challenge ourselves to grow
Personal alignment to EMEA Cultural Principles
Client Centric
People Focused
Listen Up, Speak Up
Innovate & Simplify
Own & Execute
Excellent communication skills
A proactive, motivated approach.
The ability to operate with urgency and prioritise work accordingly
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
Excellent Microsoft Office skills
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 by their line manager or Department Head.
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.
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.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute
MUFG
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