Assistant Vice President, Operations Compliance Advisory

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The Compliance Advisory team is responsible for providing guidance on regulatory matters relating to relevant business activities undertaken by the firm and to advise on the treatment and interpretation of both UK and international compliance rules and regulations. Compliance Advisory assists Department Heads with the development of desk policies and procedures to comply with regulatory requirements and to ensure implementation of regulatory developments. Compliance Advisory is also responsible for liaising with regulatory authorities.

NUMBER OF DIRECT REPORTS

None

MAIN PURPOSE OF THE ROLE 

• Act as the SME providing the necessary advice, challenge and oversight to MUFG’s Enterprise Functions (e.g. Front Office, Operations, Technology and Change Management Functions across EMEA) and various projects on trade and transaction reporting, including UK/EU EMIR, UK/EU MiFIR/MiFID, UK/EU SFTR, CFTC Reporting (in particular, Part 43 and 45), SEC Reporting, CSA Trade Reporting, HKMA Reporting, MAS Reporting, etc.
• Provide the necessary technical regulatory advice and expertise to the CASS Team
• Provide the necessary advice regarding MUFG’s operational framework, including but not limited to, processes involving collateral, valuations, margin and confirmations, etc.
• Support MUFG’s equity aggregation arrangements to ensure compliance with global laws and regulations relating to Substantial Shareholder Disclosures and Short Selling Disclosures
• Support the remediation project on equity positions reporting, including Substantial Shareholding Disclosures, Short Selling Disclosures, SEC 13f-1 and 13f-2 Reporting, etc.
• Represent Compliance and provide appropriate challenge at internal Committees, including regulatory change initiatives/projects
• Identify and recommend/execute opportunities for process improvement and risk control development
• Alert management immediately upon identification of any material regulatory breach

KEY RESPONSIBILITIES

• Act as the SME on MUFG’s trade and transaction regulatory reporting obligations
• Provide technical support to EMEA and International Compliance colleagues on the application of trade and transaction reporting rules in other group entities and impacts on cross border/remote booking activities
• Provide the necessary technical regulatory advice and expertise to the CASS Team
• Provide the necessary advice regarding MUFG’s operational framework, including but not limited to, processes involving collateral, valuations, margin and confirmations, etc.
• Keep abreast of global regulatory change initiatives/topics and provide SME input on new regulatory requirements/initiatives
• Support the wider Compliance team on matters regarding MUFG’s regulatory reporting obligations, including managing the correspondences/notifications with global regulators
• Advise on all matters concerning equity positions reporting, including on Substantial Shareholding Disclosures and Short Selling Disclosures to Head Office and global regulators in accordance with the applicable laws and regulations, focusing on the EMEA region
• Support the day-to-day management of Substantial Shareholding Disclosures and Short Selling Disclosures under the relevant EU/UK/US regulations (e.g. Transparency Directive and SSR), SEC 13f-1 and 13f-2 Reporting, etc.
• Support the remediation project on equity positions reporting
• Interact with, and be one of the primary contacts with the business on BAU matters relating to Markets, Operations and Private Side business matters
• Be a strong self-starter as well as a good team player
• Maintain a good balance between meeting business objectives and upholding the highest standards of regulatory adherence

WORK EXPERIENCE

• Solid and demonstratable experiences with an equivalent organization
• Demonstratable experience managing large projects with tight deadlines
• Demonstratable experience managing relationships with senior stakeholders
• Demonstratable experience of multi-tasking with competing priorities

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• Strong subject matter expertise in trade and transaction reporting, including UK/EU EMIR, UK/EU MiFIR/MiFID, UK/EU SFTR, CFTC Reporting (in particular, Part 43 and 45), SEC Reporting, CSA Trade Reporting, HKMA Reporting, MAS Reporting, etc.
• Demonstratable experience and expertise in Transparency Directive, SSR, 13f-1 and 13f-2 SEC Reporting, etc.
• Demonstratable experience and expertise in UK CASS rules and MiFID rules on safeguarding client assets

PERSONAL REQUIREMENTS

• Excellent communication skills
• Results driven, with a strong sense of accountability
• A proactive, motivated approach
• The ability to operate with urgency and prioritise work accordingly
• Multi-tasking with competing priorities
• Strong decision-making skills, the ability to demonstrate sound judgement
• Excellent interpersonal skills
• The ability to manage large workloads and tight deadlines
• A confident approach, with the ability to provide clear direction to your team
• Excellent managerial/leadership experience
• A calm approach, with the ability to perform well in a pressurised environment

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 amended 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 Ltd 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 Ltd and MUFG Securities EMEA Plc.
• Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank Ltd  and MUFG Securities EMEA plc, and any other relevant agreements entered into between MUFG Bank Ltd 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 Ltd 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.