- Mitsubishi UFJ Financial Group - Finance and Investment Industry
- $145,035.00 -170,550.00/year*
Financial Services - Banking/Investment/Finance
10 Bayside Terrace
DescriptionJob Summary:The Vice President serves as the Compliance Officer Business Oversight (COBO) for Trade Finance and related businesses as well as other organizational areas as may be assigned. You ensure that an effective compliance program is developed and maintained to address compliance with applicable regulatory requirements and key compliance issues. You ensure processes are evaluated and controlled, and appropriate actions are taken to mitigate compliance risk. You shall serve as a Primary Regulatory Lead for designated laws, regulations and policies. Further, you are responsible for the compliance related matters as outlined in any Compliance Officer/Compliance Liaison Officer Appointment Letter.Major Responsibilities:You serve as the business line compliance officer for Trade Finance and related businesses, as well as other organizational areas that may be assignedYou serve as a Subject Matter Expert and/or Primary Regulatory Lead for designated laws, regulations and policiesYou implement and support actions to implement organizational and group objectivesProvide support for goals and initiatives in support of the Annual PlanMonitor progress and report on the status of completion of compliance initiativesYou build and maintain relationships with key partners including businesses and other risk functions, to ensure implementation of an effective compliance programUtilizing the knowledge of the business activities and products of the businesses supported, you provide consulting and advisory services to business divisions to align with applicable laws, regulations, and policies (e.g., Conflicts of Interest, Information Security, Material Non-public Information, Anti-social Elements, Yearly Absence Requirement, Gifts & Entertainment, Personal Trading, the Volcker Rule and Affiliate Transactions)You work with partners to implement compliance programs designed to follow applicable laws, including federal and state banking and securities laws, and Federal Reserve, SEC, and CFTC regulationsYou draft, or participate in the drafting of, compliance related policies and proceduresMake recommendations to develop or enhance business unit policies and procedures as they relate to compliance subject matter; and respond to compliance related questions from management and staffYou conduct regular meetings (e.g., monthly) with senior management of the principal business divisions supported to discuss compliance risk management mattersProduce a written report or materials to document those meetingsYou partake in the development of compliance related monitoring and compliance metricsYou act as a liaison and assist the business divisions to address compliance issues raised by, among others, regulators, Internal Audit, and Compliance TestingYou execute, partake in, support and/lead the execution of assigned responsibilities under the banks compliance risk assessment programs (e.g., Corporate Compliance and Global Risk Assessments)You perform, participate in and/or handle the performance of assigned compliance monitoring responsibilities.This includes performing and/or handling the performance of requirements to conduct monitoring to assess compliance with key JFSA requirements and Home Office guidance as outlined in the Head Office Compliance Monitoring Sheets and Compliance Check SheetsYou perform reviews of marketing materials concerning business divisions supportedYou work with Compliance Training on the development, coordination, and delivery of initial and ongoing training for employees on compliance requirements impacting these business divisions. Provide and/or handle the delivery of new hire training, including preparing related materials and recordkeepingYou support KYC and OFAC teams in the performance of their responsibilities, as needed, for matters that require partner concernRespond to business line questions between the businesses and the KYC and OFAC teams as requested on matters of significance or complexityAssist the business unit to collect, review, and inform the Financial Intelligence unit of potential or suspicious activityYou support business divisions with respect to compliance related issues related to or resulting from business line reorganizationsYou review notifications of new or enhanced products or services (Notifications) and any related product and service risk assessments (PSRAs)Provide written analysis, comments or advice concerning compliance related risks or issues presented by the Notifications and/or PSRAsWork and consult with sponsors and impacted business areas to address compliance risks presented by these proposalsYou review and provide comments concerning compliance risks presented by PSRAs which are submitted separately from NotificationsWork with the business areas that submit the PSRAs as well as any other impacted areas, to address compliance risks identified in the PSRAsYou own projects as assigned by supervisor and/or Compliance senior management, including those required by Home OfficeQualificationsBachelors Degree Required Accounting or Finance PreferredFive or more years of compliance experience with the financial industry and related markets, regulatory bodies, and current industry events and trends, specifically in Transaction Banking; and familiarity with Trade Finance and applicable regulations, such as UCP 600, anti-boycott controls and related Department of Commerce requirementsKnowledge of risk assessment processes, specific trade finance type transactions, LC, Standby, Export/Import transactionsStrong analytical and problem solving skillsStrong verbal and written communication skillsSome experience working with financial industry regulators, including OCC, FRB
Associated topics: corporate banking, finance, finance director, financial planning, investment banking, investor, kpmg, revenue, risk, treasure
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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