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 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.

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.

As one of the largest financial groups globally with a vison to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards. Behaving with integrity and responsibility, underpinned by a desire to build a culture which is fair, transparent, and honest, drives everything that we do. We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. 

Please visit our website for more information - mufgemea.com.

EMEA Internal Audit Office (EIA), as the Bank’s third Line of Defence, aims to drive leading class standards of governance and control in EMEA which helps make MUFG the most trusted financial group. EIA provides independent, insightful and timely assurance on the effectiveness of governance, risk management and the control environment of current and evolving risks. In addition, EIA aims to influence enterprise-wide change and provide insights on industry risk and control best practices and emerging risks, providing a commercial perspective and effective challenge and guidance as ‘an independent respected’ voice. Through its comprehensive coverage of EMEA-wide 1st and 2nd line activities and end-to-end processes, EIA provides a unique opportunity for candidates to learn about and influence everything the bank does. The ongoing transformation within IA also provides the opportunity to influence and drive strategic initiatives across the 3rd line globally.

NUMBER OF DIRECT REPORTS

2 VPs (who in turn manage 3 AVPs and 1 Analyst)

WORK EXPERIENCE

Essential

• Excellent subject matter of Finance, Product Control, Treasury and Regulatory Reporting.
• Excellent understanding of banking and financial services, financial products, their risks and processes associated
• A deep understanding of the regulatory requirements for MUFG entities operating in EMEA.
• Strong acumen regarding auditing methods and industry practices.
• A strong understanding of risk management within banking and of complex investment banking Finance and CFO function related procedures, e.g. Financial and Regulatory Reporting, Product Control, Data Management, Treasury and Liquidity Risk Management.
• Experience of working in a similar function for a large corporation, investment bank, or Big-4 firm.
• Experience in Agile Auditing and in utilising data analytics approach and tools to execute full population testing
• Strong communicator, demonstrating gravitas, presence and business acumen to interact easily with Board level directors, executives and regulators.
• Ability to build and maintain external networks.
• Global perspective, demonstrating inclusiveness through appreciation of different perspectives and diversity.
• Experience in line management responsibilities, coaching, and mentoring.
• A passion for leading people and being driven to be part of a high performing team.
• Track record of consistent on-time delivery

SKILLS AND QUALIFICATIONS

Essential

• Excellent communication skills, both verbally and in written form
• Results driven, with a strong sense of accountability
• A proactive, motivated approach with positive can-do attitude
• The ability to operate with urgency and prioritise work accordingly
• Strong decision-making skills, the ability to demonstrate sound judgement
• 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
• Strong numerical skills
• Excellent Microsoft Office skills
• Solid project management skills allowing taking on leadership of complex/large audits.

Main Purpose and Accountability of the Role

Specifically, you have accountability for EMEA Internal Audit (EIA)

Audit Directors in EMEA Internal Audit (EIA) own their audit portfolio and are accountable for setting and managing appropriate audit delivery, issue management and coverage of the portfolio. They are accountable for managing their portfolios within EIA Key Performance Indicators (KPIs), and to the required methodology and Quality Assurance standards, including effective embedding of Agile and Data Analytics auditing techniques, improved audit scheduling and shorter duration timelines.

Audit Directors maintain and manage the portfolio universe and risk assessments to ensure appropriate representation and calibration, as well as establishing a mechanism for building a forward-looking view of regulatory changes, emerging risks and new products and services. They dynamically manage the audit plan for the assigned portfolio considering whether it remains relevant throughout the year, proposing changes as appropriate.

Audit Directors oversee and manage the team to achieve the expected behaviours and outcomes. They are expected to develop a high performing team through quality of performance and talent management, motivation and inspiration of staff. They promote a positive workforce culture and take accountability for actioning employee survey results.

Audit Directors are expected to actively participate in the development and implementation of the long-term vision, strategy and target operating model of EIA locally and globally, driving strategic initiatives and partnering with relevant peers in MUFG third line to influence and enhance audit coverage globally.

Audit Directors develop constructive, collaborative relationships with senior stakeholders providing a commercial perspective and effective challenge and guidance as ‘an independent respected’ voice. They partner on initiatives and remediation activities, and represent EIA in assigned governance fora/working groups providing value-add third line input.

Audit Directors are also expected to demonstrate a broader “Enterprise Wide” leadership outside of EIA, role model MUFG culture and values and work in support of the One MUFG and overall Group strategy.

Key Responsibilities

Specifically, you will be accountable and responsible for taking appropriate action with respect to MUFG Internal Audit, EMEA (EIA), including:

Audit Delivery and Planning

• Accountable for the delivery of the portfolio of audits within the audit plan and issue management/validation for the assigned portfolio on time and within EIA KPIs. Dynamically manage the audit plan for the assigned portfolio considering whether it remains relevant throughout the year, proposing changes as appropriate. In particular:
  • Schedule audits effectively to achieve the step change in audit durations according to EIA KPIs, to maintain full utilisation in line with expected capacity expectations and to distribute audits more evenly through the year with no over-runs at year-end
  • Set risk-based audit engagements and demonstrate appropriate coverage of the key risks.
  • Project manage audit engagements with clear focus on timelines with strong supervision of the team deliverables, including timely review of workpapers.
  • Monitor audit delivery effectively and deliver within the deadline set; and meet interim milestones and avoid overruns.
  • Escalate and agree potential findings and management action plans through the life of the audit sprint by sprint with key business stakeholders.
  • Maintain regular touchpoints with stakeholders to drive and support effective issue management and promptly escalate challenges.
  • Validate issues to the required quality standards and within relevant KPIs through effective oversight and guidance of the team’s issue management activities.
  • Deliver audit files that meet all QA standards.
  • Ensure data quality is in line with data quality related deadlines and expectations.
• Accountable for the maintenance of the risk universe and risk assessments of assigned Auditable Entities.
• Responsible for supporting the EIA Executive Committee (ExCo) to dynamically manage the audit plan for the assigned portfolio considering whether it remains relevant throughout the year, proposing changes as appropriate. Escalate any challenges that might impact the audit delivery timelines to the ExCo member and the EIA Operating Committee (OpCo) in a timely manner.
• Accountable for effective oversight and proactive coordination of issue follow-up with stakeholders and prompt escalation of challenges; and for validating issues to the required quality standards and within relevant KPIs leveraging desktop validation where appropriate.
• Accountable to drive the Data Analytics agenda for their portfolio, by generating proposals audit by audit for full-population and other outcome test ideas for all areas and audits within the portfolio, meeting team specific KPIs.
• Responsible for producing audit reports that are written for an executive audience - impactful, clear key messages, factual, active voice and written in line with effective business writing requirements and needing minimum edits by the Executive Committee Member/Chief Audit Executive (CAE).
• Responsible for supporting the ExCo to provide clear, concise and accurate senior executive information to the relevant audience and governance committees – including Audit Committee, Risk Committee Control Environment and Management Control Approach (MCA) Opinions.

Stakeholder Relationships

• Responsible for developing and maintaining constructive, collaborative relationships with relevant senior stakeholders providing a commercial perspective and effective challenge and guidance as ‘an independent respected’ voice. Share read-across topics, feedback from industry network and other external sources; partner on initiatives and remediation activities and work in support of the One MUFG and overall Group strategy.
• Responsible for establishing regular meetings with senior stakeholders, building trust, and bringing a collaborative mindset and a calibrated view on risk when providing check and challenge.
• Accountable for effectively embedding of the Agile framework to improve frequency and quality of stakeholder interaction during audits and have the teams raise issues as they go. Collaborate with stakeholders to achieve effective agile outcomes - remove blockers, achieve shorter audit execution times, improve the stakeholder experience.
• Responsible for supporting the ExCo’s influence of change within the organisation by providing insights on industry risk and control best practices and emerging risks.
• Where assigned by the ExCo, responsible for partnering with stakeholders to demonstrate impact and influence through tangible outcomes and raised standards of controls and behaviours in the Stakeholders Control Environment. Responsible for generating their own ideas to achieve the same goal.
• Provide assurance on strategic changes within MUFG and areas of Regulatory Focus. Examples might include Projects Olympus, Cobalt, Rail, Steel, Silver, Payments (SEPA Instant and UK Confirmation of Payee), TPRM/Outsourcing.
• Implement the Continuous Monitoring Tool as intended and leverage the output into the IA Risk-Radar. Through Continuous Monitoring, identify and escalate emerging risk or any material changes that might impact the audit universe, risk assessment, audit plan to ExCo;
• Support the introduction of the Guest Auditor program and other mechanisms to collaborate with stakeholders.
• Through Continuous Monitoring, accountable for identifying and escalating emerging risk or any material changes that might impact the audit universe, risk assessment, audit plan to ExCo/CAE.
• Responsible for representing EIA in governance fora, working groups and relevant committees as assigned by ExCo /CAE and providing effective check and challenge.
• Responsible for identifying opportunities to show broader enterprise wide leadership outside the function, through I&D type roles, thematic analysis or integrated assurance work.
• Responsible for communicating with Executive presence to senior management and Committees - focus on being crisp in communication and coach/manage the others in your team.  Through the oversight of assigned stakeholder population, identify any members of senior management where more investment of time is required.

Leadership and Team Transformation

• Responsible for actively participating in the development and implementation of the long-term vision, strategy and target operating model of Internal Audit. In particular:
• Create a culture of high performance and continuous improvement. Set high standards of performance and behaviour for self and the team.
• Be open to new ideas and approaches, foster a change mind-set and empower the team to try new things and experiment.
• Demonstrate personal leadership and engagement that shows a vision for your team;
• Demonstrate curiosity – seek out new experiences, ideas and knowledge, seek feedback and learn new things to develop. Learn from mistakes in the organisation and the industry.
• Own the message - consistently support strategic messages and plans, overcome resistance and drive progress and cultural change through the team.
• Lead (multiple) strategic change initiatives and deliver enhanced performance and practices, taking others with you.
• Produce to the Control Environment Summaries by Business and Function.
• Anticipate changing circumstances and generate own ideas and solutions to drive step-changes in performance and productivity.
• Recruit actively and with speed to deliver on the commitments of the FY24 Human Capital Plan and staff-up to meet long-term coverage needs.
• Collaborate with stakeholders to achieve effective agile outcomes - remove blockers, achieve shorter audit execution times, improve the stakeholder experience.
• Actively engage and participate in MUFG Inclusion & Diversity initiatives and the various EMEA Employee Networks.
• Make sustainable progress towards gender balance at VP and below and improve promotion readiness of female talent pipeline.
• Demonstrate a broader commercial perspective and “Enterprise Wide” leadership outside EIA
• Develop direct reports into leaders and proactively build effective succession plans – so make it happen through others.
• Manage well in uncertainty, project calmness and be resilient.

Inspire the team and improve people practices and career development within EMEA IA

• Responsible for a high performing team through quality of performance and talent management, motivation and inspiration of staff, promoting a positive workforce culture and taking accountability for actioning employee survey results. In particular, responsible to:
• Collaborate with other directors and ExCo to deliver the MUFG Audit Vision and Strategy, and a united vision to our people. Create a common employee experience.
• Be fully accountable for driving an output-orientated culture through flexibility with hybrid working, embracing new ways of working (Including MS Teams) and ensuring 3 day required office attendance.
• Create an appropriate team structure that supports balanced pyramids, stable teams and career progression.
• Recruit a diverse mix of new talent timely.
• Drive and create a safe working environment that upholds MUFG and EIA culture principles especially those related to D&I, Speak up Listen up.
• Flex communication and managerial style to more effectively build relationships within the team and with stakeholders.
• Create trust with staff, role model vulnerability and act on feedback in the right way to facilitate upwards feedback.
• Be accountable for the line management of all staff allocated to your portfolio team, including those delegated to more junior staff members.
• Be a role model line manager through regular high-quality career focused 121s and constructive feedback, delivering the tough messages promptly when required.
• Actively coach others and enable employee development.
• Drive and create growth opportunities for staff within their team/EIA/MUFG. Maintain a high quality IDP with specific time-bound action plans. Grow the required skills within the team and address skill-gaps. Actively support the staff rotation initiative.
• Drive and create opportunities to increase staff engagement and recognise and celebrate individual and team success.
  • Understand individual’s value drivers and career aspirations and inspire them to high performance and motivate them to take on new responsibilities.

 Line management

• Responsible for building (via recruitment, restructuring and internal development) a team of high-quality professionals that will achieve the objectives of the broader MUFG Group to leverage the strategic advantages.
• Responsible for ensuring that all staff in your remit are fully trained and understand what is required of them in order to do their jobs effectively, including ensuring that job descriptions, objectives/personal development and performance reviews are provided for all staff at least once a year in accordance with Human Resources requirements, continually monitoring their competency in order to meet the requirements of the relevant regulator’s training and competency regime, handling appropriately any grievance or disciplinary issues.
• Accountable for ensuring that any responsibilities that you have delegated to other staff, including those in respect of regulatory obligations (where applicable), are appropriately apportioned and controlled.  Ensure that the staff in question have a clear understanding of these duties so as to ensure that the business and affairs of the function can be adequately monitored and controlled.
• Accountable for the line management of all staff allocated to the Portfolio.
• Responsible for acting as a role model line manager through regular high-quality career focused 121s and constructive feedback, delivering the tough messages promptly when required and coaching others to enable employee development.
• Responsible for actively coaching others and enabling employee and team development.
• Responsible for driving and creating growth opportunities for staff within the team/EIA/MUFG; maintaining a high quality IDP with specific time-bound action plans; and growing the required skills within the team and addressing skill-gaps.
• Responsible for driving and creating opportunities to increase staff engagement and recognising and celebrating individual and team success.
• Responsible for understanding individual’s value drivers and career aspirations and inspiring them to high performance and motivating them to take on new responsibilities.

Please note, MUFG operate a hybrid working model – 3 days office based (London, Ropemaker)/2 days wfh.

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.