AVP-Credit Risk

Job title: AVP-Credit Risk

Company: MUFG


Job description: About MUFG Global Service (MGS)MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.The Group aims to be the world’s most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.For more informatJob DescriptionAbout Us:MUFG Bank, Ltd. is Japans premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Banks parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be the worlds most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.MUFG Global Service Private Limited:Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia PacificAbout the Role:Position Title: AVPCorporate Title: AVPReporting to: VPLocation: BangaloreJob ProfilePosition details:We’re seeking an Assistant Vice President, Credit Risk Audit who will be subject matter expert reporting to the Director Credit Risk within Internal Audit for the Americas (IAA).This role will include ownership and execution of planning, fieldwork, reporting, issue tracking, and follow-up on all audits and regulatory finding validationRoles and Responsibilities:

• Be part of a team of credit risk subject matter experts taking ownership and executing assigned audits within the audit plan and issue management
• Identify and understand risks and controls in changing environments with the ability to execute the full life cycle of an audit, from planning to audit close.
• Proactively contribute to and own scoping, risk and control identification, findings and observations, and documentation to ensure accuracy.
• Partner with the wider audit function and act as a subject matter expert fostering a collaborative environment
• Perform risk assessments of assigned Auditable Entities, supporting the Audit Director to dynamically manage the audit plan for the assigned portfolio
• Keep abreast of regulatory developments within the wholesale banking credit risk space and assess the impact on the audit plan
• Proactive coordination of audit and regulatory finding follow-up with stakeholders and prompt escalation of challenges.
• Developing and maintaining constructive, collaborative relationships with relevant stakeholders, providing effective challenge and guidance.
• Maintain compliance with audit methodology, while also operating within industry best practices, applicable standards and regulations, and internal and external professional practice expectations.
• Actively participate to create a culture of high performance and continuous improvement. Set high standards of performance and behavior for self and the team.
• Proactively make the use of wider data analytics capabilities within the function to drive efficiencies within audits.

Job Requirements:

• 5+ years internal audit or credit risk management experience
• Subject matter expertise in wholesale banking credit risk
• Knowledge of risk assessment, audit methodology, and audit execution
• Experience in executing end-to-end audits and regulatory validations
• Knowledge of key regulatory requirements for Credit Risk (SR 13-3, SR 11-10 etc.)
• A strong understanding of key governance, strategy, risk and management processes, internal control, and internal audit within the banking sector.
• Strong analytical, problem-solving, verbal and written communication skills

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

• Bachelor’s degree

Equal Opportunity Employer:
The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, colour, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual’s associates or relatives, or any other classification protected by the applicable laws.

Expected salary:

Location: Bangalore, Karnataka

Job date: Sat, 12 Apr 2025 07:48:47 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (jobsnear.pro) you saw this job posting.Thanks&Good Luck