Vice President - Sanctions Programs in London

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OVERVIEW OF THE DEPARTMENT/SECTION

The Financial Crimes Office for EMEA (FCOE) in London is part of the Global Financial Crimes Division (GFCD) headquartered in New York. It works to ensure that our organisation conducts its business such that we protect our reputation, our business, and our clients within the regulatory and legal framework. It is responsible for the establishment and maintenance of effective systems and controls to protect clients’ assets and to mitigate the risk that MUFG might be used to further financial crime.

NUMBER OF DIRECT REPORTS 2

MAIN PURPOSE OF THE ROLE

• Driving the implementation of MUFG Bank’s financial crimes risk appetite, policies and standards by managing and providing an approachable sanctions advisory hub to the EMEA region for all sanctions queries, ensuring advice is clear, informative and consistent.
• The Sanctions Program Team is responsible for the effective running and oversight of Sanctions Controls, across all jurisdictions within EMEA.
• As part of a leading global financial group, MUFG is required to act with integrity and meet our corporate responsibilities in the fifty-plus countries and regions where we operate.
• Ensuring we have a comprehensive financial crime compliance program is one of our most important responsibilities.
• MUFG has established the Global Financial Crimes Division in New York, USA to lead the program and each region under this program has a Financial Crimes Office.
• Financial Crimes Office EMEA (FCOE) is the regional office responsible for the establishment and maintenance of effective systems and controls to protect customers’ assets and to mitigate the risk that MUFG might be used to further financial crime in EMEA.
• MUFG’s financial crime compliance framework includes control processes designed to help the Bank detect, deter, and prevent financial crime as well as assess and mitigate related risks (i.e., money laundering and terrorist financing risk, sanctions risk, and bribery and corruption risk).

KEY RESPONSIBILITIES

• Responsible for managing part of the Sanctions Programs team.
• Oversee the implementation, ongoing maintenance of, and compliance with Global Policies, Standards and Procedures which govern MUFG’s financial crime control framework across EMEA.
• Accountable for the drafting and reviewing of Sanctions Policy and Procedure documents for the EMEA region.
• Provide Sanctions SME knowledge, risk management and guidance for Sanctions systems and other related transformation initiatives.
• Support oversight of implementation of GFCD initiatives related to sanctions, including system rollouts and new policy/procedure implementation.
• Responsible for input into all relevant audits, testing reviews and risk assessments, providing sanctions input and guidance.
• Responsible and accountable for driving the timely and effective resolution of all EMEA Sanctions issues.
• Responsible for ongoing people management and development of direct reports (2), including fulfilling recruitment requirements.
• Oversee business continuity planning for relevant sanctions activities.
• Responsible for providing SME input to sanctions-related training.
• Oversight and daily management and oversight of Sanctions outsourced services; ensuring the achievement of KRIs and KPI’s and management of any required escalations.
• Support in EMEA transformation activities, ensuring adherence to agreed timelines, risk management and escalation of emerging issues as may be required.

WORK EXPERIENCE

Essential:

• A minimum of 2 years in a central sanctions function.
• Experience with, and strong knowledge of banking and Sanctions controls for financial crime.
• Previous experience with issues management and audit and testing teams.
• Previous experience with Sanctions systems.
• Proven experience in and understanding of Sanctions.
• Proven experience in managing a team.
• Strong knowledge of and experience in banking.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

• Core MS Office skills.
• Demonstrates excellent attention to detail.
• A good understanding of Banking and Investment products.
• Good understanding of financial crime risk (AML and ABC) in banking.
• An excellent understanding of the concepts of risk management and control.
• Manages priorities effectively and delivers efficiently.
• Proactively identifies and communicates improvements to process.

Specific to role:

• Strong analytical skills.
• Strong written communication skills.
• Strong financial sanctions knowledge in particular OFAC, EU and UK regulations.
• Strong relationship building and management skills.

Education / Qualifications:

Preferred:

• Degree.
• Relevant Qualification.

PERSONAL REQUIREMENTS

• Excellent communication skills.
• Results driven, with a strong sense of accountability.
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly.
• Strong decision-making skills, the ability to demonstrate sound judgement.
• A structured and logical approach to work.
• Strong problem-solving skills.
• A creative and innovative approach to work.
• Excellent interpersonal skills.
• The ability to manage large workloads and tight deadlines.
• Excellent attention to detail and accuracy.
• A calm approach, with the ability to perform well in a pressurised environment.
• A confident approach, with the ability to provide clear direction to your team.
• Excellent managerial/leadership experience.
• The ability to lead a high performing team.
• A strategic approach, with the ability to lead and motivate your team.

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 amended 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.