Vice President - US Swap Dealer Regulations – Compliance Advisory in London

Main Purpose of the Role

This is a high visibility role that will be responsible for contributing in the establishment of the EMEA regions operational efficiency in US regulatory compliance and reporting, including CFTC/NFA and SEC Swap Dealer (collectively “US regulatory tasks” framework) including but not limited to compiling the required reporting to the US authorities). The role will have direct exposure to all levels of the business and will be the primary contact for the US regulation advisory and related tasks management. The role will also oversee the compliance framework for controlling the MUSE entity licences/registrations that MUSE has with overseas regulators in addition to the CFTC/SEC.

Key Responsibilities

• The role will be acting across MUFG’s banking arm and securities business under a dual-hat arrangement. Under this arrangement you will be the SME of US regulatory requirements.
• To develop efficient work flow and operation model US Reg compliance for both the bank and the securities business, subject to the same remit and level of authority, irrespective of the entity which employs you.

Job Responsibilities

• Carry out the day-to-day management of US related regulatory tasks.
• Assist in the development of the Compliance framework for US and other entity regulations for MUSE across all relevant business lines operating in EMEA. This includes uplift of CFTC/NFA and SEC programmes and monitoring of adherence to programme by impacted departments.
• Provide proactive advice, guidance and challenge to the businesses in regulatory compliance matters.
• Work closely with the Regulatory Change Team for example in drafting and updating policies, procedures and developing and delivering training.
• Provide training to the front office on regulatory and conduct matters with a particular focus on US regulation including for Swap Associated Persons.
• Represent Advisory Compliance at the Swap Dealer Oversight Committee as required.
• Draft the annual CFTC/NFA and SEC Compliance reports and conduct lookback exercise.
• Assist on the CFA/NFA audits.

Work Experience

• 4 years relevant compliance experience in total within an Advisory/Legal function, specialising US regulatory compliance.
• +3 years VP level experience in Market Side Compliance Advisory role in an investment banking organisation.

Skills and Experience (Functional / Technical Competencies)

• Strong understanding and knowledge of Market Compliance and other investment banking products, including but not limited to loans, bonds and structured finance, and particular strong experience in Sales and Trading.
• In depth knowledge of MAR and MiFID II, and US regulatory compliance.
• Strong knowledge of risk, compliance and controls.
• Strong understanding of key regulations applicable to markets products, including MiFID II, MAR and US regulation.
• Strong interpersonal and communication skills.
• Sharp intellect with the ability to grasp complex concepts.
• Ability to challenge independently and constructively to achieve engagement and drive resolution.
• Ability to act autonomously when appropriate and know when to elevate matters.
• Highly organised, goal oriented and solutions focused.

Education / Qualifications

• Strong educational background with a university degree preferably in Law and/or Financial Regulation.
• US regulatory Compliance experience of at least 5 years in investment banking.

Personal Requirements

• Excellent communication skills.
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly.
• Strong decision making skills, demonstrating sound judgement.
• A structured and logical approach to work.
• Excellent interpersonal skills valuing teamwork.
• Excellent attention to detail and accuracy.
• A calm approach, with the ability to perform well in a pressurised environment.
• Sharp intellect with excellent researching skill necessary for the US regulatory related tasks.
• Conscious of confidentiality involved in the nature of business and regulatory compliance related tasks.
• Ability to work/collaborate with variety of stakeholders of all related regions and Head Office.

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 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.

Equal Employment Opportunity Statement

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.