Head of Risk & Compliance Head of Risk & Compliance

The role forms a strategic part of MUFG s Group wide Risk and Compliance (Line 2) function, with a focus on ensuring that the relevant region is managing the risk & compliance frameworks and policies in a robust manner.

The individual will lead the second line risk & compliance function within India, with key responsibilities for embedding and enhancing the risk, compliance and governance frameworks. The role holder will be responsible for providing oversight and challenge to the India business in identifying, analysing, mitigating, managing and monitoring key risks, including regulatory and core compliance.

This position will partner with the business to ensure adequate and effective controls are implemented to manage key risks, within the Group s risk appetite. The person will need to proactively partner, engage and communicate with stakeholders across the organisation to assess the risk within the operations and provide timely and effective advice and guidance with respect to risk matters.

The key focus areas will be risk & governance management, compliance and obligation management, risk event analysis, internal and external environments, control design and operating effectiveness, regulatory landscape, building on operational resilience and divisional risk appetite and tolerance. The role will be independent of the business and provide appropriate review and challenge, as required, to the implementation and adherence to MUFG s risk and compliance frameworks.

The Head of Risk & Compliance will report directly to the Director of Risk & Compliance (Corporate Markets) with a dotted reporting line to the Director Risk & Compliance (Retirement Solutions). The role holder will be expected to actively collaborate with their peers within the wider team to further develop a leading global Risk and Compliance function and will be an important member of the team.

Key Accountabilities and main responsibilities

Strategic Focus

• Provide challenge and oversight. Ensure transparency of activity.
• Development and implementation of risk and compliance management frameworks, policies, standards, processes, and procedures in line with Group level policies and ensure that the team are delivering this.
• Work collaboratively with the wider team to lead, support the business to build and embed an effective, and robust, risk culture.
• In partnership with key stakeholders, proactively identify risks and issues including running of periodic workshops to review business unit risk profiles and maintenance of risk registers.
• Push forward with our Risk as a mindset approach to build our risk culture.

Operational Management

• Day to day coordination of Risk and compliance activity and management, at a Line 2 level, adhering to three lines of accountability model.
• Production of packs & insights for relevant Business Risk Committee, Forums / Client Meetings and other audit and committee meetings as required.
• Test the effectiveness of cascading risk and compliance management approach to business decision making.
• Develop Risk Management protocols and train departmental risk champions on implementation.
• Proactively identify emerging risks and report to relevant stakeholders
• Monitor implementation of risk mitigation plans to ensure efforts are proceeding as required.
• Actively tracking all outstanding mitigations, issues and treatments.
• Liaise with department heads on the adequacy of proposed actions in management of risk areas highlighted in internal audit reports.
• Evaluate the adequacy of the company s internal control framework in addressing risks and accomplishing the company s goals and objectives.
• Liaise with departmental heads in ensuring completion of risk registers on a scheduled basis and provide challenge.
• Production of presentations, as and when, required.
• Identify training needs for Risk and Compliance management and oversee development of risk competence and awareness.
• Guiding integration of Risk management with other organisational planning and management activities.
• Provide regular reporting to the Senior Leadership team; using inference to inform and support strategic activities.
• Review and provide feedback on business cases and other project documentation as and when required.
• Attendance at project meetings as required.

People Leadership

• Uplift capability, train and develop staff.
• Implement a strong and robust operating rhythm within team to support.
• Support staff to ensure they are meeting all required risk and compliance principles.
• Communicate effectively so staff are all clearly working towards same objectives and aligned to the needs of the business, with the ability to adapt and shift as needed.
• Lead and manage a highly effective team; equipping staff with the necessary motivation, tools, training, and oversight to complete their duties.

Governance & Risk

• Promote a sustainable culture of risk awareness in the business that is consistent with MUFG s core values.
• Ensure adherence to legal and regulatory requirements.
• Support MUFG assurance programs that deliver effective risk management and compliance practices.
• Attendance and leadership at relevant committee meetings
• Production of reporting as and when required.
• Monitor and report on compliance with regulatory requirements to where required.

The above list of key accountabilities is not an exhaustive list and may change from time-to-time based on business needs.

Experience & Personal Attributes

Experience

• 15+ years financial services experience and tertiary qualified (business or other related field degree).
• 8+ years experience in risk and/or Compliance or related disciplines
• 5+ years experience in people leadership and management skills with demonstrated ability to uplift capability.
• Proven experience to coordinate and manage competing activities, at one time with the ability to prioritise accordingly. Demonstrated knowledge of Risk & Compliance principles.
• A Risk mindset, with extensive knowledge of appropriate legislation and regulations.
• Ability to review and develop strong understanding of complex processes as well as develop recommendations to improve the controls over such processes.
• Strong stakeholder management experience and ability to interact with stakeholders at all levels.
• Understanding of internal control frameworks and how they work within our business with a view to help drive, shift and change these as required to meet overall business objectives.

Personal Attributes

• Strong written and verbal communication skills
• Able to build strong, open and collaborative working relationships.
• Personal commitment to, and visible role modelling of, the organisations behaviours and values.

The role forms a strategic part of MUFG s Group wide Risk and Compliance (Line 2) function, with a focus on ensuring that the relevant region is managing the risk & compliance frameworks and policies in a robust manner.

The individual will lead the second line risk & compliance function within India, with key responsibilities for embedding and enhancing the risk, compliance and governance frameworks. The role holder will be responsible for providing oversight and challenge to the India business in identifying, analysing, mitigating, managing and monitoring key risks, including regulatory and core compliance.

This position will partner with the business to ensure adequate and effective controls are implemented to manage key risks, within the Group s risk appetite. The person will need to proactively partner, engage and communicate with stakeholders across the organisation to assess the risk within the operations and provide timely and effective advice and guidance with respect to risk matters.

The key focus areas will be risk & governance management, compliance and obligation management, risk event analysis, internal and external environments, control design and operating effectiveness, regulatory landscape, building on operational resilience and divisional risk appetite and tolerance. The role will be independent of the business and provide appropriate review and challenge, as required, to the implementation and adherence to MUFG s risk and compliance frameworks.

The Head of Risk & Compliance will report directly to the Director of Risk & Compliance (Corporate Markets) with a dotted reporting line to the Director Risk & Compliance (Retirement Solutions). The role holder will be expected to actively collaborate with their peers within the wider team to further develop a leading global Risk and Compliance function and will be an important member of the team.

Key Accountabilities and main responsibilities

Strategic Focus

• Provide challenge and oversight. Ensure transparency of activity.
• Development and implementation of risk and compliance management frameworks, policies, standards, processes, and procedures in line with Group level policies and ensure that the team are delivering this.
• Work collaboratively with the wider team to lead, support the business to build and embed an effective, and robust, risk culture.
• In partnership with key stakeholders, proactively identify risks and issues including running of periodic workshops to review business unit risk profiles and maintenance of risk registers.
• Push forward with our Risk as a mindset approach to build our risk culture.

Operational Management

• Day to day coordination of Risk and compliance activity and management, at a Line 2 level, adhering to three lines of accountability model.
• Production of packs & insights for relevant Business Risk Committee, Forums / Client Meetings and other audit and committee meetings as required.
• Test the effectiveness of cascading risk and compliance management approach to business decision making.
• Develop Risk Management protocols and train departmental risk champions on implementation.
• Proactively identify emerging risks and report to relevant stakeholders
• Monitor implementation of risk mitigation plans to ensure efforts are proceeding as required.
• Actively tracking all outstanding mitigations, issues and treatments.
• Liaise with department heads on the adequacy of proposed actions in management of risk areas highlighted in internal audit reports.
• Evaluate the adequacy of the company s internal control framework in addressing risks and accomplishing the company s goals and objectives.
• Liaise with departmental heads in ensuring completion of risk registers on a scheduled basis and provide challenge.
• Production of presentations, as and when, required.
• Identify training needs for Risk and Compliance management and oversee development of risk competence and awareness.
• Guiding integration of Risk management with other organisational planning and management activities.
• Provide regular reporting to the Senior Leadership team; using inference to inform and support strategic activities.
• Review and provide feedback on business cases and other project documentation as and when required.
• Attendance at project meetings as required.

People Leadership

• Uplift capability, train and develop staff.
• Implement a strong and robust operating rhythm within team to support.
• Support staff to ensure they are meeting all required risk and compliance principles.
• Communicate effectively so staff are all clearly working towards same objectives and aligned to the needs of the business, with the ability to adapt and shift as needed.
• Lead and manage a highly effective team; equipping staff with the necessary motivation, tools, training, and oversight to complete their duties.

Governance & Risk

• Promote a sustainable culture of risk awareness in the business that is consistent with MUFG s core values.
• Ensure adherence to legal and regulatory requirements.
• Support MUFG assurance programs that deliver effective risk management and compliance practices.
• Attendance and leadership at relevant committee meetings
• Production of reporting as and when required.
• Monitor and report on compliance with regulatory requirements to where required.

The above list of key accountabilities is not an exhaustive list and may change from time-to-time based on business needs.

Experience & Personal Attributes

Experience

• 15+ years financial services experience and tertiary qualified (business or other related field degree).
• 8+ years experience in risk and/or Compliance or related disciplines
• 5+ years experience in people leadership and management skills with demonstrated ability to uplift capability.
• Proven experience to coordinate and manage competing activities, at one time with the ability to prioritise accordingly. Demonstrated knowledge of Risk & Compliance principles.
• A Risk mindset, with extensive knowledge of appropriate legislation and regulations.
• Ability to review and develop strong understanding of complex processes as well as develop recommendations to improve the controls over such processes.
• Strong stakeholder management experience and ability to interact with stakeholders at all levels.
• Understanding of internal control frameworks and how they work within our business with a view to help drive, shift and change these as required to meet overall business objectives.

Personal Attributes

• Strong written and verbal communication skills
• Able to build strong, open and collaborative working relationships.
• Personal commitment to, and visible role modelling of, the organisations behaviours and values.