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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.

OVERVIEW OF THE DEPARTMENT/SECTION

The surveillance team currently is approximately 15 people split between London and India.

Coverage includes sales and trading activity our London Bank and Securities businesses and similar businesses in other EMEA countries. Communications Surveillance covers the UK population and certain EMEA and other overseas operations which affect EMEA business

NUMBER OF DIRECT REPORTS

Currently 7

MAIN PURPOSE OF THE ROLE

Ensure that MUFG EMEA develops and maintains a surveillance programme which

addresses key risks inherent in the MUFG business and meets the functional, control and governance expectations of internal and external stakeholders.

KEY RESPONSIBILITIES

Surveillance programme responsibilities include

Line-manage the surveillance team
Oversee the daily alert disposition process conducted in London and India, ensuring appropriate continual quality control and monitoring versus performance targets.
Ensure the surveillance programme has appropriate coverage of products and risks, taking into account regulatory requirements and expectations
Develop strategy and articulate to the team and stakeholders
Ensure results of surveillance are reported timely, accurately with impact and insight
Maintain and oversee sufficient processes to monitor completeness and accuracy of surveillance input data and alert generation, working with the Data Governance, Transformation and Technology teams
Lead the surveillance team’s responses to audits and regulatory examinations and enquiries, negotiate outcomes
Execute all people management, training, operational, issue and breach management, and administrative tasks are executed timely and fully and ensure the same throughout the surveillance team
Work constructively and proactively on global and international initiatives, managing international stakeholders appropriately
Developing and embed systems strategy, engage with internal and external stakeholders on the design and delivery of the strategy. Make sufficient surveillance resource available to support system projects
Maintain appropriate oversight of surveillance system vendor performance
Understand relevant regulatory developments, business model, structural, trading platform and product changes. Use these insights to constantly monitor and evolve the surveillance programme
Ensure that investigations are conducted in line with internal procedures and guidance;
Plan resources to meet the requirements of the surveillance programme and escalate issues promptly
Oversee the design, preparation and quality control of the market conduct risk assessment, collaborating with the business areas and first line controls teams, and incorporate the results appropriately into the surveillance programme
Developing and embed systems strategy, engage with internal and external stakeholders on the design and delivery of the strategy
Represent Compliance at relevant working groups and governance forums
Keep Compliance management fully and regularly informed of status, issues and challenges on all activities, escalating issues quickly and consulting appropriately on key decisions
Maintain an effective understanding of major regulatory issues and developments affecting MUFG and engage with relevant stakeholders on strategic responses to such developments.
Represent MUFG in external industry and regulatory interactions
People management and culture

Ensure staff are appropriately trained and supported to meet their responsibilities and monitor performance
Role-model MUFG’s cultural values and ensure the surveillance team lives them
WORK EXPERIENCE

Essential experience

Team management of a substantial surveillance function
designing and deploying advanced market abuse risk detection tools
documenting surveillance programmes e.g. policies, procedures, risk assessments, process performance, issue management etc. Maintaining an audit trail of activities
managing surveillance engagement with auditors and regulators, remediation of issues arising
senior stakeholder engagement, including presenting at senior governance committees
strong technical foundation performing trade and communications surveillance covering key MUFG risk themes and products (including FX, Equities Fixed Income cash and derivatives, on-venue and OTC.
Understanding of trading platforms and trading and sales data
systems calibration and testing, setting standards and embedding procedures and good practices
undertaking market abuse investigations from analysis to interviews.
Regulator engagement and/ or prior work experience at a regulator, preferably in the context of in depth reviews or inspections

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

Understands cash and derivatives products across all major asset classes and profitability analysis of trades
Control design and documentation. Maintenance of audit trail on activities.
Data analysis
Communication and leadership
Operation of Surveillance Systems including tuning and calibration (trade and comms systems)
 

PERSONAL REQUIREMENTS

Precise and proactive communicator
Relationship building, Team driven
Results driven, with a strong sense of accountability
A proactive, motivated approach.
The ability to operate with urgency and prioritise work accordingly
decision making skills, the ability to demonstrate sound judgement
problem solving skills
A creative and innovative approach to work
The ability to manage large workloads and tight deadlines
Attention to detail and accuracy
Ability to perform well in a pressurised environment
Strong numerical skills
Digital literacy
 

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.