Director, Global AML Audit
Company: Union Bank, N.A.
Location: New York
Posted on: February 15, 2019
Description: Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group. Job Summary: Reporting into the Global Head of Financial Crimes Audit, this position has been created for the purpose of establishing standards to provide independent assurance of financial crimes compliance and strengthen the financial crimes audit framework encompassing AML at MUFG Bank. * One of the key leadership positions within GFC Audit, this position will be responsible for leading a team that: * Maintains centralized governance and oversight over AML-related financial crimes compliance audits. * Provides a holistic view of AML-related financial crimes risks, trends and controls. * Responds to evolving regulatory expectations. * Enabling global collaboration and information sharing for AML-related FC compliance audit activities. * The incumbent is responsible for providing leadership and oversight to ensure a globally consistent effort that enables continuing improvement to the independent and objective assurance of the effectiveness of the Bank's financial crimes risk management and control practices. * The Global Head of GFC Audit may delegate this position authority to instruct the Regional Heads of Financial Crimes Audit on GFC Audit matters and resource allocation in accordance with the GFC Audit Governance Guidelines and GFC Audit Manual. Responsibilities: * Establish and maintain globally consistent GFC Audit standards for AML-related FC processes to be followed by the GFC Audit Team and Regional Capability Centers (collaborate with GFC Audit Team and Regional Capability Centers to identify overarching regional AML regulatory guidance; define the global audit standards to promote adherence to identified guidance and focus areas). * Provide oversight and SMP (Subject Matter Professional) input throughout the planning, execution, and reporting audit phases over AML compliance processes and controls (e.g., GFCD team capabilities, global compliance standards, and global risk assessments). Audit oversight and overall involvement include: * Lead development of annual planning project plan and facilitate annual planning kickoff. * Oversee risk assessments (e.g., refresh risk inventory mappings, assess and score inherent and residual risks and internal controls). * Perform ongoing reviews and assessments of global and regional AML financial crimes audit practices. * Report findings/exceptions identified during audits of global financial crimes compliance processes and controls. * Review audit reports and perform effective challenge in consultation with respective Global FC Audit Leads on reports with a Less than Satisfactory audit opinion or on high rated audit report issues. * Conduct meetings with the Global Head of GFC Audit prior to formal issuance of all final audit reports. * Provide Professional Practices' Central Issues Management Team (CIMT) with SME input as part of CIMT issue validation and closure activities for global AML financial crimes compliance processes and controls. * Coordinate on activities completed through the shared services teams (QA, IT, and Professional Practices). * Interview potential candidates to support regional FC audit teams (as needed). * Timely and effectively complete administrative responsibilities required (e.g., performance evaluation, etc.) outside of audit activities. Qualifications: Education: * Bachelor's degree, preferably in Accounting, Business Administration or related field of study; an advanced is preferred. Experience: * Minimum of a 10-15+ years' related work experience in compliance and risk management. * Comprehensive understanding of current Financial Crimes rules, regulations, and expectations specific to AML, Fraud, OFAC/Sanctions, and ABC. * Experience in Financial Crimes through various capacities (e.g., attorneys, law enforcement, auditing, investigations, consulting, risk management). * Extensive analytical experience related to a multitude of Financial Crimes (e.g., AML, Fraud, OFAC/Sanctions, and ABC issues). * Experience in using metric-based and open-source reporting to develop trend analysis/reporting to support internal audit with risk mitigation. * Experience authoring and editing complex analytical reporting related to Financial Crimes. * Experience with auditing (3rd line) and testing (2nd line) of Financial Crimes Compliance programs. * Experience interacting with the Executive Committee Leadership and audit subject matter experts. * Proven leader and excellence in execution in complex and demanding situations. * Demonstrated ability to analyze issues and develop plans on a systemic level, thinking through potential connections and impact across MUFG Bank, and developing roadmaps to achieve long term vision through short term deliverables. * Results oriented with a strong ability to develop appropriate clear and concise program enhancing strategies. * Executive level presentation skills. * Certified AML Specialist (CAMS) and Certified Financial Crime Specialist (CFCS) preferred. The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified. We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category. A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.SDL2017
Keywords: Union Bank, N.A., New York , Director, Global AML Audit, Executive , New York, New York
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