Markets Compliance Testing Officer, Vice President - Hybrid (Irving, TX OR Tempe, AZ)

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 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.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Summary:

Americas Compliance Testing (ACT) is an integral part of the MUFG Regulatory Compliance Risk Management function. This position executes a compliance testing program designed to meet heightening regulatory standards and expectations pertaining to Federal and State laws, regulations, and supervisory guidance overseen by the Compliance Group.

This influential position will perform compliance testing reviews on the Sales & Trading business units with focus on the Markets Compliance program. The Compliance Officer will work closely with ACT teammates and various key regional and global business partners to deliver an effective second line of defense testing program that meets senior management and regulatory expectations.

Reviews will include assessment of the Swap Dealer program, Volcker Rule program, Market Conduct, Market Access, Desk, Branch and targeted assessments, which are primarily focused on evaluating effectiveness of controls and compliance with Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC) and Investment Industry Regulatory Organization of Canada (IIROC) rules, and MUFG policies and procedures, including their extra-territorial application.

Experience with markets compliance, markets surveillance, compliance monitoring, auditing or testing reviews and/or issues management and remediation for the regulatory requirements of the FRB, SEC, FINRA, OCC, CFTC, NFA and IIROC are required. 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.

Major 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.

Qualifications:

• Strong academic credentials – minimum BA or BS degree from an accredited university; Master's degree preferred, professional qualification such as Certified Financial Analyst (CFA), Financial Risk Manager (FRM), Certified Regulatory Compliance Manger (CRCM), Certified Internal Auditor (CIA), or other related professional certification preferred.
• 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.

The typical base pay range for this role is between $124,000 - $162,000 depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes 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, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

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 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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.