Assistant Vice President, Regulatory Change

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.

The Regulatory Change Team (RCT) deals with new regulatory developments starting at the pre-publication stage (e.g. analysis consultation papers, discussion papers, draft regulation, etc.) leading to full implementation. It covers financial regulations in the UK, EU- wide, US, and other overseas jurisdictions where MUFG-Securities (London) has licenses. Topics are allocated to team members who become SMEs in the topic and are responsible for their topics through the various stages of the regulatory lifecycle. Amongst other, this includes reviewing and opining in Consultations, completing impact analysis, providing regulatory advice during the implementation of new regulations, attending trade associations meetings are representing MUFG at those meetings, producing briefing papers, newsletter articles, and general MI.

NUMBER OF DIRECT REPORTS

NA

MAIN PURPOSE OF THE ROLE 

To assist and support other SME’s in the team with their portfolios, and become an SME in some topics belonging to the following regulatory areas:

• US Regulation (Swap Dealer and Securities Based Swap Dealer)
• EU-wide regulation (Markets, Conduct, Payments, Organisational Requirement, ESG, Listing)
• Other cross Border regulation where MUFG has a license (Asian-Pacific and Canada).

KEY RESPONSIBILITIES

• Become the SME on the regulatory topics under his/her responsibility (to be defined)
• Support other SMEs with their portfolio as required by workload.
• Be up to date on all regulatory developments under their responsibility, by performing targeted horizon scanning.
• Complete impact analysis of regulatory developments and record the impact analysis in the relevant system.
• Escalate any material risks arising from the regulatory developments to management.
• Advise key stakeholders on the application of new requirements, risks from those requirements, and controls required to manage them, this includes at the earlier phases of consultation as well as during implementation
• Participate and support pre-implementation working groups with relevant stakeholders.
• Prepare briefing papers, presentation, memos, newsletter articles, traceability documents, and general MI for the topics under their responsibility, or where support is required.
• Interact with other teams in Compliance, and outside Compliance as required.
• Attend and participate in trade association meetings, representing MUFG.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

• Strong understanding of the EU regulatory framework, US regulations.
• Strong technical understanding of investment banking activities, and securities trading.
• Exposure to trade associations.
• Working experience in wholesale banking, either in a compliance department, consultancy firm, regulatory agency or trade association.

PERSONAL REQUIREMENTS

Strong:

• Analytical skills
• Interpersonal skills
• Communication skills (oral and written).

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

• The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
• The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
• The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
• Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
• The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

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.