Vice President

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 150,000 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 Core Compliance department at MUFG plays a critical role in safeguarding the integrity and reputation of the investment bank. It is responsible for ensuring that the firm operates within the framework of applicable laws, regulations, and internal policies.

Within Core Compliance, the EMEA Surveillance Department works closely with sales, trading and business units to identify and manage market abuse risks, executes a comprehensive trade and communication surveillance programme, and promotes a culture of ethical conduct and accountability.

Our Trade Surveillance coverage includes sales and trading activities across multiple asset classes and financial markets within our London Bank and Securities businesses and similar businesses in other EMEA countries. Communications Surveillance covers the full UK population and certain EMEA and other overseas operations which affect EMEA business.

NUMBER OF DIRECT REPORTS

None

MAIN PURPOSE OF THE ROLE 

The Surveillance Strategy & Governance VP is a senior position who will play a fundamental role in executing the EMEA surveillance strategy, as defined by the EMEA Head of Surveillance and Senior Compliance Management.

This includes supporting the strategic direction and ensuring the effectiveness of the EMEA surveillance programme. The individual will work closely with the EMEA Head of Surveillance in setting strategic priorities, managing the surveillance governance framework and ensuring the end-to-end completeness and adequacy of surveillance controls for trade surveillance across all asset classes, and for electronic and audio surveillance across all communication channels and monitored employees.

The successful candidate will have proven knowledge and experience in robust trade and communications surveillance frameworks, industry best practice and “what good looks like” and relevant regulatory expectation.

KEY RESPONSIBILITIES

• Support the EMEA Head of Surveillance in delivering the EMEA surveillance strategy and framework components and the wider Compliance Division’s objectives.
• Manage the surveillance governance framework, including escalation and reporting of management information, analysis and key risk metrics to various senior governance committees and forums across first and second line, and to local compliance management across EMEA.
• Participate in the end-to-end market conduct risk assessment process, ensuring global alignment of the risk assessment methodology and approach, technical interpretation of market abuse risks across the firm’s business and trading activities and the ongoing management of the surveillance book of work to ensure risks remain within risk appetite.
• Track and manage our EMEA surveillance inventory of controls, issues and actions in line with the MUFG operational risk management framework, ensuring completeness and effectiveness of controls, identifying areas for improvement and implementing remedial actions.
• Assist in the periodic review of surveillance procedures, systems and controls to determine whether they are up to date and effective to identify/ facilitate remedial action where necessary.
• Act as technical SME to execute surveillance transformation projects and strategic initiatives, including delivering on surveillance book of work and supporting the global surveillance integration project with US, APAC and Japan.
• Identify opportunities and implement solutions to enhance surveillance efficiency through data analytics, AI and / or digital transformation tools.
• Design and establish best practice policies, procedures, standards and systems across trade and communication surveillance to ensure consistency, risk mitigation, effectiveness and alignment to regulatory expectations.
• Liaise with regulators, auditors and Compliance Testing & Quality Assurance Team to promote a good understanding of the firm’s surveillance governance and controls framework.
• Assist in the management of regulatory inspections / exams, internal audits, and assurance reviews including smooth delivery of information and assisting in the planning and implementation of tactical or strategic solutions to meet their requirements.
• Foster coordination and engagement with other internal stakeholders, including Business Heads, Front Office Risk & Control, Operational Risk Management, Technology, Compliance Advisory, Financial Crimes Division and Data Governance. This includes addressing substantive matters arising and escalation and presentation of significant issues to senior management of these departments, where necessary.
• Work with the Compliance Technology and Data Governance teams to align surveillance control development and implementation with strategic goals.
• Demonstrate and share knowledge of UK and EU market abuse regulatory developments and provide practical and immediate interpretation of regulations in the context of the firm’s business activities.
• Take ownership and lead on managing own career, personal and professional development. Identify opportunities and platforms to enhance Compliance, Regulatory and Financial Industry knowledge and experience to continue to improve product and services knowledge across MUFG which can be reflected in reviews, communications and interactions with stakeholders.
• Supervise the work of surveillance staff on the team including coaching, supporting and training junior members of the team.
• Lead horizon scanning activities to identify new and emerging market abuse risks and regulatory developments.

WORK EXPERIENCE

Essential:

• Minimum of 10 years’ experience of working in a Surveillance function for investment banks or other financial institutions, or within a consulting or regulatory environment predominantly focused on advisory, design and implementation and independent reviews in relation to market surveillance frameworks.
• Proven experience in leading surveillance risk and control transformation programmes.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• In-depth knowledge and expertise of the UK / EU Market Abuse Regulation, other relevant global regulations (e.g., MiFID II, Dodd Frank Act) and relevant FCA regulatory requirements and expectations on market abuse surveillance programmes.
• Strong knowledge and understanding of UK and EU financial markets across major asset classes, trading behaviours and market abuse typologies.
• Familiarity with surveillance technologies and optimization techniques.

Education / Qualifications:

Essential

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field.

Preferred:

• Advanced degree (e.g., MBA) or professional certifications such as CFA, CAMS, or ICA.

PERSONAL REQUIREMENTS

• A confident approach, with the ability to provide clear direction to junior team members
• A strategic approach, with the ability to lead and motivate a high performing team
• The ability to articulate and implement the vision/strategy for the Surveillance / Compliance department
• 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
• Excellent Microsoft Office skills

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.