Vice President, Internal Audit Quality Assurance & Improvement Program (QAIP)

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About the Role

Position Title   : Vice President, Audit Quality Assurance & Improvement Program (QAIP)           

Corporate Title: Vice President, Internal Audit

Reporting to    : Director of Audit Quality Assurance                 

Location          : MGS - Bengaluru                 

Job Profile

Position details / Job summary:

The Vice President, Audit Quality Assurance & Improvement Program (QAIP) position is within the Global Internal Audit function, reporting to the Director of Audit Quality Assurance.  The position is responsible for execution of the QA plan and deliverables, assessing departmental conformance with Audit Methodology and auditing standards, and driving continuous improvement of processes, procedures, and quality throughout the audit department.  The role will provide QA coverage across the global audit portfolio, spanning a broad range of business, credit, model, operational, technology, and regulatory risk areas, and will support both Global and Americas QA reviews.

Roles and Responsibilities

• Execute the quality assurance plan, performing reviews of audit planning processes, risk assessments, audit execution, audit issue validations, and other/thematic topical reviews.
• Maintain knowledge of audit quality assurance and improvement program and the audit portfolio including industry trends and best practices, business risks, control frameworks, management strategy, banking/regulatory practices; understand the business’ products, systems, and processes.
• Continuously improve audit practices and methodology based on knowledge of best practices, industry standards and regulations and present areas and opportunities for alignment.
• Develop and execute QA testing programs designed to effectively assess the department’s conformance with audit methodology, industry standards and regulatory requirements.
• Challenge audit teams on work performed, including appropriateness of scope, risks and controls identified, risk ratings, controls testing (design and operating effectiveness), sampling, sustainability, and conclusions.
• Influence management to understand impact of QA findings and obtain agreement with limited management involvement.
• Develop QA reports with the ability to contextualize findings to support rating and communicate improvement opportunities to the audit teams and audit management.
• Perform ongoing monitoring of open QA issues, escalate potential delays, and appropriately validate the closure of action plans in line with procedures.
• Partner with audit teams as a trusted advisor to support high-quality work products.
• Proactively escalate potential issues impacting delivery and manage deliverables, anticipating risks or challenges and evaluating alternatives/solutions.
• Proactively communicate issues, articulating the relevance of root causes across audit quality assurance reviews, and anticipate emerging issues that impact the department’s risk profile, audit methodology and audit practices.
• Act as a leader, developing and promoting a workplace culture that values diversity of thought, promotes integrity and creates an atmosphere that supports coaching and fosters accountability.

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

• Minimum of seven years of relevant internal audit experience in the financial services / banking industry
• Bachelor’s degree, preferably in accounting, finance, or related business discipline, at an accredited college or university. Advanced degrees are highly desirable.

• Professional auditing certifications, such as the CIA, CPA, CISA, CISSP, are highly preferred.

Skills and Experience:

• Strong understanding of risks and controls across banking businesses and support functions, including areas such as credit, model, market, liquidity, operational, technology, and regulatory compliance risk. Strong understanding of audit practices, methodology, and global audit standards.
• Experience with data analytics and artificial intelligence in executing audit or quality assurance activities.
• Experience reviewing audit workpapers and issue validations for sufficiency of evidence, quality of documentation, and conformance with audit methodology.
• Ability to influence stakeholders and challenge the status quo, including managing conflicts and issue resolution.
• Strong written and verbal communication skills.
• Strong project management skills and ability to coordinate/integrate efforts across multiple groups within audit.
• Highly motivated, takes initiative / self-starter, problem solver, solution oriented.

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.