Regulatory & Assurance Lead - Vice President

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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.

Enterprise Risk Management ("ERM") is responsible for supporting the EMEA Chief Risk Officer to implement an effective risk management framework across the MUFG Bank and Securities EMEA business and providing a holistic view of the risks facing MUFG EMEA.

The ERM department is split into five core teams that cover Risk Governance, Resilience, Enterprise Sustainability & Resolvability, Model Risk Management and Risk Planning.

• ERM Risk Governance maintain the enterprise-wide risk management framework, produce risk profile reporting for EMEA Risk governance forums, organise the EMEA Risk Management Committee, ensure EMEA and International Securities policies are maintained, manage the New Activity policy including new products, manage model risk governance, and facilitate EMEA Risk's climate & environmental risk materiality assessments.
• ERM Resilience are the second line of defence for Strategic Risk which includes Capital Risk, they perform integrated stress testing including climate and environmental scenarios, maintain the enterprise-wide risk appetite framework and report risk appetite to senior management.
• Enterprise Sustainability & Resolvability are the second line of defence for Reputational Risk which includes sustainability and ESG considerations, they manage the recovery & resolution planning requirements for the UK entities, support the EMEA financial crisis management framework, and manage regulatory change for EMEA Risk owned prudential and regulatory requirements.
• EMEA Model Risk Management are the second line of defence for model risk, own and maintain the model risk management framework, and perform independent model validation for risk and pricing models.
• ERM Risk Planning support the CRO in delivering the EMEA Risk strategy and business plans, oversee the risk & control environment including control testing and independent control validation, and liaison to Head Office Risk teams.

0, up to 3 shared resources reporting indirectly

• Lead cross-region regulatory assurance ensuring compliance with prudential and regulatory requirements owned by EMEA Risk.
• Coordinate the management of regulatory change for EMEA Risk legal entities.

• Provide assurance over regulations owned by EMEA Risk, working with teams across the division who have primary responsibility for adhering to relevant regulatory requirements for their area of risk.
• Establishing and maintaining a regulatory requirement ownership log.
• Rolling out to Risk regulatory requirement owners best practice approaches to regulatory assurance and documentation to demonstrate regulatory compliance and self-assessments.
• Testing control effectiveness over regulations in EMEA entities and presenting results to senior management and relevant EMEA Risk governance forums.
• Leading reviews of prudential and regulatory requirements and reporting controls and processes.
• Produce management information including key performance indicators on regulatory assurance and remediation progress.
• Develop and refine assurance methodologies and testing strategies and ensure consistent approach to controls across EMEA region.
• Supporting other regulatory processes relevant to EMEA Risk including regulatory reporting compliance and adherence to relevant policies.

• Perform horizon scanning for new or modified regulation, monitor regulatory developments and coordinate with other Risk teams on impact assessments for regulation changes and compliance plan.
• Socialise regulatory changes to stakeholders and report to relevant EMEA Risk governance forums.
• Manage regulatory engagement and regulatory deliverables…