Vice President, Sanctions Programs 12 Month FTC

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Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 offices in more than 50 markets. The Group has over 180,000 employees, and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

MUFG aims to be the world’s most trusted financial group through close collaboration among its operating companies, and to respond to all of the financial needs of its clients, serving society, and fostering shared and sustainable growth for a better world.

MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

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

The Financial Crimes Office for EMEA (FCOE) in London is part of the Global Financial Crimes Division (GFCD) headquartered in New York. It works to ensure that our organisation conducts its business such a way that we protect our reputation, our business, and our clients within the regulatory and legal framework. It is responsible for the establishment and maintenance of effective systems and controls to protect clients’ assets and to mitigate the risk that MUFG might be used to further financial crime.

Within the Sanctions Team of FCOE, the Sanctions Programs Team is responsible for managing the overall Sanctions Control Framework and List Management processes providing ongoing support to the broader Sanctions teams. This particular role brings together specific aspects of the control framework, including Lists Management and oversight of both outsourcing partnerships and systems changes; it is supported by an additional 1 FTE

NUMBER OF DIRECT REPORTS

2

MAIN PURPOSE OF THE ROLE 

• The Sanctions Program Team is responsible for the effective running of the Sanctions Program across all jurisdictions within EMEA. The team ensure the robust management of the broader Sanctions Control Framework, in support of this they provide oversight, SME knowledge and support to other Sanctions Teams
• This includes:
  • Managing and overseeing the London and wider Regional List Management processes
  • Provide Sanctions SME knowledge and guidance for Sanctions systems and List Management, providing appropriate risk management oversight and enabling related decisions
  • Providing support and logistical management to enable Sanctions Programs to deliver its book of work efficiently and effectively across the EMEA region with specific responsibility for ensuring business readiness across systems and list change initiatives
  • Daily management and oversight of certain Sanctions outsourced services; ensuring the achievement of KRIs and KPI’s and management of any required escalations
  • Ensuring that our organisation conducts its business such that we protect our reputation, our business, and our customers within the regulatory and legal framework.
• As part of a leading global financial group, MUFG is required to act with integrity and meet our corporate responsibilities in the fifty-plus countries and regions where we operate.  Ensuring we have a comprehensive financial crime compliance program is one of our most important responsibilities.  MUFG has established the Global Financial Crimes Division in New York, USA to lead the program and each region under this program has a Financial Crimes Office.
• Financial Crimes Office EMEA (FCOE) is the regional office responsible for the establishment and maintenance of effective systems and controls to protect customers’ assets and to mitigate the risk that MUFG might be used to further financial crime in EMEA.
• MUFG’s financial crime compliance framework includes control processes designed to help the Bank detect, deter, and prevent financial crime as well as assess and mitigate related risks (i.e., money laundering and terrorist financing risk, sanctions risk, and bribery and corruption risk) in a manner that is consistent with applicable laws, rules, regulations, supervisory guidance, and commensurate with the Bank’s risk profile and risk appetite. 

KEY RESPONSIBILITIES

The role holder will:

• Ongoing leadership and oversight of specified Sanctions Programs Activities including; Managing and overseeing the London and Regional List Management process with a focus on adhering with the Global Standards and procedures; ensuring appropriate Sanctions Risk Management and delivering efficiencies within existing processes
• Act as a risk manager and gatekeeper for List Management related activities; this will include
  • Ensuring the timely upload of all Sanctions lists
  • Driving the timely and effective resolution of all list incidents and undertaking risk management actions and reporting as may be required
  • Managing Good Guys and business rules
  • Undertaking annual List Matrix and Landscape reviews
  • Management and upkeep of the Banks Internal Sanctions lists
• Act as a risk manager providing SME knowledge and guidance for Sanctions systems, providing appropriate risk management oversight and enabling related decisions
• Ensuring business readiness across systems and list change initiatives
• Input into all relevant audits, testing reviews and risk assessments, providing sanctions input and guidance.
• Ongoing people management and development of direct reports (2), including fulfilling recruitment requirements, ensuring the team have clearly defined roles and responsibilities
• Support in EMEA transformation activities, ensuring adherence to agreed timelines, risk management and escalation of emerging issues as may be required  
• Driving the timely and effective resolution of all EMEA Sanctions issues. This will include managing the ongoing governance of issues identified via the testing functions, audits, regulatory examinations, and those that are self-identified
• Oversight and daily management and oversight of certain Sanctions outsourced services; ensuring the achievement of KRIs and KPI’s and management of any required escalations

WORK EXPERIENCE

Essential:

• A minimum of 5 years in a related sanctions function
• Experience with, and strong knowledge of banking and Sanctions controls for financial crime
• Previous experience with issues management and audit and testing teams
• Previous experience with Sanctions systems
• Previous experience managing teams and senior stakeholders

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• MS Office skills
• Proficient user of excel
• Demonstrates strong attention to detail
• An understanding of Sanctions
• A good understanding of the concepts of risk management and control
• Manages priorities effectively and delivers efficiently
• Proactively identifies and communicates improvements to process

Education / Qualifications:

Preferred:

• Degree
• Relevant Qualification

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
• 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

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