Assistant Vice President - Finance, Treasury and Regulatory Reporting (FTRR) Internal Audit

Overview

Assistant Vice President role in the Finance, Treasury and Regulatory Reporting (FTRR) Internal Audit function, executing independent assurance and consulting activities to assess the effectiveness of governance, risk management and control processes, and leading audit delivery and team development in Bengaluru.

What you'll do

• Maintain compliance with audit methodology, industry best practices, applicable regulations, and internal and external professional practice expectations.
• Act as a leader and role model and continuously improve self and department.
• Operate with an innovative and flexible mindset, continuously identifying ways to enhance consistency, efficiency, quality and/or value.
• Execute and deliver assigned audits within the audit plan and issue management/validation on time and within EIA Key Performance Indicators, with limited supervision and to required methodology and Quality Assurance standards.
• Use Agile auditing and Data Analytics within audit assignments.
• Lead walkthrough meetings and interviews with business stakeholders to develop an understanding of business processes.
• Lead formal discussions with business stakeholders throughout audit engagements to communicate status or concerns.
• Identify potential risks and controls and assist in developing scope and work programs.
• Evaluate design and operational effectiveness of internal controls and identify control weaknesses.
• Generate insightful observations that convey significance and impact on risk and/or risk management practices, writing and reporting findings and audit issues to Audit Management.
• Document workpapers demonstrating the work was appropriately performed, with documentation that stands alone to enable re-performance.
• Identify control weaknesses and escalate and discuss findings with Audit Management and business stakeholders as appropriate.
• Complete work on a timely basis and deliver work products that meet objectives and standards of methodology, applicable standards and regulatory requirements.
• Maintain the audit universe and risk assessments of assigned Auditable Entities.
• Build relationships with local and UK audit team members and finance stakeholders.
• Work on a combination of locally owned audits and global audits with the UK team.
• Build relationships with peers and clients within the organisation and exhibit a high standard of performance and professional conduct supporting MUFG's Principles of Ethics and Conduct.
• Establish regular meetings with assigned stakeholders, build trust, and provide check and challenge with a calibrated view on risk.
• Demonstrate a culture of high performance and continuous improvement, set high standards for self and Analysts, and hold others accountable for late delivery or quality.
• Proactively support the Audit Director and Senior Audit Manager to develop and operate a high performing team through talent management, motivation and inspiration of more junior staff, and promoting a positive workforce culture.

What you'll need

• University degree.
• Experience in internal audit or in a control oversight function within the FLOD or 2LOD.
• Experience in the Financial Services sector, with experience working within an Investment Bank.
• History of working in teams as part of work delivery.
• Technical skills to understand and assess technical processes in the finance area of the bank, including topics within Product Control, Regulatory Reporting, Financial Reporting and Treasury (Capital and Liquidity Management, ICAAP and ILAAP).
• Effective communication skills to provide clear updates to audit management and interact with stakeholders when assessing design and operating effectiveness of controls.
• Professional skepticism to challenge stakeholder processes and provide assurance over their effectiveness.
• Strong interpersonal skills to work effectively with audit teams and stakeholders, including senior stakeholders at VP and Director level.

Nice to have

• Professional qualification (preferred but not essential).
• Experience working in finance areas (Product Control, Regulatory Reporting, Financial Reporting or Treasury) (preferred but not essential).

Details

• Location: Bengaluru.
• Reports to a VP, Audit Lead or Director, Sr. Audit Lead.
• Work timings aligned with local time; the India FTRR team works alongside the UK FTRR Audit team.