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About the role
Position Title- Manager -Regulatory change management
Corporate Title- Assistant Vice President
Internal Title- Manager
Location- Bangalore- BCIT Park, Thannisandra Main road
Job Summary:
The Regulatory Change (RCM) Team in MGS supports the regional Core Compliance teams in both EMEA as well as APAC, and manages the risk arising from new regulations which are relevant for MUFG Bank and Securities.
Regulatory Change Team members develop an expertise on a set of regulatory topics, which they must monitor and ensure that the relevant actions are completed when the laws, rules and regulations (LRS) takes effect. This may involve discussions with other stakeholders, influencing and communicating with regulators and Compliance teams, or updating policies.
Main purpose of the role:
The main purpose of the role is supporting the EMEA & APAC RCM Teams, and particularly the horizon scanning process. This is a core element in the management of regulatory change. Horizon scanning is the process of compiling all regulatory events relevant for MUFG. This includes regularly reviewing regulatory web pages, plus legal firms/vendors email alerts covering relevant regulatory developments.
The candidate will complete the baseline horizon scanning for Compliance and other functions, including Risk, Finance, Financial Crime, HR, etc. This process is also a key for the running of the Regulatory Change Review Group (RCRG).
Key Responsibilities:
Main Responsibility – The candidate’s main responsibility will be supporting the horizon scanning process (compiling all regulatory events relevant for MUFG). This includes:
Daily/weekly reviewing list of regulator’s web pages, plus legal firms/vendors email alerts who cover relevant regulatory developments. The candidate must be able to understand and identify regulation in scope for MUFG in the UK, Europe and Asia.
Transferring this information into central system; GRC-Regulatory Tracker (for EMEA) and APAC (spreadsheet) Tracker (for Asia).
Frequent updating of the GRC-Regulatory Tracker and APAC Tracker.
Organising weekly meetings to update APAC and EMEA RCM teams
Review allocation of regulatory entries to relevant Subject Matter Experts in the UK and in Europe.
Cascading the relevant information from the GRC-Regulatory Tracker to all regulatory SMEs, not only in Compliance, but also in other support functions, both in the UK and Europe.
Providing operational support to the Regulatory Change Review Group (RCRG).
Additional Responsibilities:
Drafting and circulating the weekly regulatory newsletters of APAC & EMEA.
Providing administrative general support to team members.
Management Reporting - Producing of MI for RCRG, Regional Compliance Committee, and others as and when required.
Knowledge & Experience / Qualifications
Bachelor’s degree in any discipline. (Preferably Finance or Financial Law), covering understanding of financial markets and regulation.
8+ years of experience in Regulatory Compliance/Operations capacity.
High level of communication skills with proven ability to articulate complex issues concisely, suitable for all levels across the Group.
The ability to operate with urgency and priorities work accordingly. The ability to manage large workloads and tight deadlines.
Actively demonstrate accountability, responsibility and ownership for managing own actions and workload.
Experienced in dealing with multiple stakeholders in different functions who have different objectives.
Strong analytical, problem solving and reporting skills and able to critically evaluate information gather from multiple sources and reconcile conflicts.
Proficient in MS excel including pivot tables, formulas and data manipulation, Power Point, Word, Sharepoint.
Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.