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Senior Audit Portfolio Manager, Director

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  • Requisition # 10038712-WD
  • Job Type Day
  • Location Brea, CALIFORNIA
  • Date Posted 10/15/2020

Your potential. Your opportunity.

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020).In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Job Summary:

The Senior Audit Lead is a management role within the Internal Audit function and is responsible for oversight of audit’s activities to evaluate and assess the effectiveness of the Bank’s governance, risk management and control processes.  The audit area of coverage includes Retail Banking, Digital Banking, Transaction Banking and Operations focusing on Transformation, Strategic, and Project reviews. This role has full responsibility for escalated decision-making, including, but not limited to, staffing, review of deliverables prepared by staff and enforcement of application of methodologies. The Senior Audit Lead provides thoughtful leadership, helps to enhance the department’s risk identification, assessment methodology, audit approach and practices, and creates and executes strategies tie to departmental goals/objectives.

Management or Supervision:

Manages a team of 4-5 Vice Presidents and below.

Major Responsibilities:

  • Coordinate and engage with regulatory agencies during examinations and oversee all regulatory deliverables, ensuring the timely provision of materials.
  • Effectively manage senior executive relationships (internally and externally) to mutually accountable, productive, respectful, and trusted level. (e.g., ongoing stakeholder).
  • Act as a leader, developing and promoting a workplace culture that values diversity of thought, promotes integrity and creates an atmosphere that supports coaching and fosters accountability.
  • Engage as a team player across peer group and in influencing the Executive Leadership Team and Management.
  • Manage a team of managers and auditors and develop staff across the department; and continuously improve self and department.
  • Ensure timely delivery of audit results and implement standards for reporting results to the Audit & Finance Committee.
  • Maintains expertise of auditable entity portfolio and enterprise including industry trends, business risks, control frameworks, management strategy, banking/regulatory practices; and understands the business’ products, systems and processes.
  • Effectively partner with internal audit teams to provide subject matter expertise in joint audit execution.
  • Proactively advise business on change initiatives; and act as a trusted advisor to stakeholders and related risk management functions.
  • Continuously monitor the business for changes impacting the control environment and determine potential revisions required to the audit plan.
  • Provide leadership and oversight of audit execution, including ongoing monitoring and internal/external (e.g., regulatory) issue validation to ensure conformance with methodology, industry standards and regulatory expectations.
  • Demonstrate awareness of risks both within span of control and across the enterprise, identifying potential concerns, control issues and root cause.
  • Keep abreast of significant control issues, trends, developments and hot topics for inclusion within the annual audit plan.
  • Review and challenge audit scope, inclusive of key risks relevant to the areas under review, with test objectives and test programs designed to opine on the design and operating effectiveness of controls, and ensure appropriate depth of coverage
  • Assign and review the staff selected for audit engagements to ensure appropriate skillsets for execution.
  • Review and challenge audit staff and auditor judgment in scoping, risk and control identification, findings and observations, and documentation to ensure accuracy.
  • Proactively communicate issues, articulating the relevance of root causes across audit engagements and conducting trend analysis to determine the impact across the organization.
  • Demonstrate extensive understanding of key risks and controls in subject area, and review and challenge key risks and controls identified by audit staff, with the ability to execute the full life cycle of an audit, from planning to audit close.
  • Perform risk assessments and analyze risk trends at a macro level, identifying signs of changing risk levels and/or symptoms of process control breakdowns, informing development of a risk-based annual audit plan.

Education, Licensure, Year of Experience (and type of work experience):

Skills and Experience:

  • Minimum of 10 years and/or equivalent of experience of internal audit and/or equivalent of experience with the financial services industry, related markets, and related regulatory agencies.
  • Experience interacting and coordinating with the financial industry regulators (e.g., OCC, FRB, etc.) and responding to regulatory requests.
  • Extensive leadership experience required in audit area of coverage or equivalent.
  • In-depth knowledge of Internal Audit and/or risk management experience, including significant management and leadership responsibility in a role directly involved with driving change and program enhancement.
  • Deep knowledge of risk assessment, audit methodology, and audit execution.
  • Proficiency in technology as required for assigned areas (MS Office, audit data analytics, etc.).
  • Effective communication (both verbal and written), negotiation and presentation skills; strong interpersonal skills; and ability to engage with all levels of Audit, business line management, and internal/external stakeholders.
  • Employ strong critical thinking skills to identify pragmatic recommendations within an evolving and increasingly complex regulatory and risk management environment.
  • Experience interacting with Executive Committee Leadership, control function leadership, and compliance subject matter experts.
  • Process oriented with a strong ability to develop appropriate program enhancing strategies.
  • Proven managerial skills to successfully administer a core support and critical regulatory relationship function within a diverse organization and effectively coordinate between multiple business and support units.
  • Ability to influence stakeholders and challenge the status quo, including managing conflicts and issue resolution.
  • Possesses strong project management skills; preferably within internal audit functions; exhibits initiative and intuitive thinking; and demonstrates ability to meet strict deadlines.
  • Relevant experience in successfully building out and managing a team.
  • Ability to travel is required.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

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