Account Reconciliation & Controls AVP

Do you want your voice heard and your actions to count

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG) one of the worlds leading financial groups. Across the globe were 150000 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 worlds most trusted financial group its 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 selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

WORK EXPERIENCE

Experience implementing account reconciliation and controls practices within the highly regulated financial services sector

Advanced knowledge of audit reconciliation and control process flows

Fluency in financial products regional accounting principles and practices

FUNCTIONAL SKILLS

Expert understanding of financial statements and general ledgers and ability to identify and highlight discrepancies or issues

Extensive knowledge of financial products accounting principles and compliance regulations

Knowledge and experience on Reconciliation System (IntelliMatch system preferable)

Proven ability to explain procedures and the rationale behind account reconciliation and control initiatives

Thorough understanding of regulatory and reporting requirements as well as of risk types policies and control measures and processes

Extensive knowledge of applicable regional accounting agencies and principles such as FASB and GAAP

Expertise in process flow or workflow creation as well as process improvements to enhance service quality and process integrity

Demonstrated ability to analyze and interpret reports

FOUNDATIONAL SKILLS

Demonstrates leadership

Communicates effectively

Identifies multiple paths to success using analytical and critical thinking as well as decision-making skills

Operates strategically to support a culture of continuous improvement and systems thinking

Makes sound business decisions in a complex work environment

Collaborates with other business functions and divisions to advance business objectives

Is flexible decisive and able to establish support from leadership

Monitors industry trends and best practices and applies insights to advance the business

Exhibits and fosters optimism resilience flexibility and openness to others ideas

Inspires innovation and values learning as a lifelong professional objective

Leads by example engaging inclusively and with intent

Always acts with integrity

RESPONSIBILITIES

Reconciliation of daily movements in assets and liabilities accounts and client settlements and investigation and resolution of reconciliation breaks

Reconciliation of general ledger accounts for commercial and corporate loans in the system of record

Ensuring all lending transactions are booked and managed accurately minimizing operational risks and losses and ensuring compliance with all bank policies and procedures

Conducting monthly certification of general ledger balances

Identifying and resolving breaks

Reducing errors and ensuring adherence to audit and control policies

Identifying policy gaps and formulating and instituting policies to streamline processes

Performing reconciliation data analysis and making insights-based recommendations

Conducting process mapping to identify significant risks and controls

Supporting activities related to both internal and external audits and other requests

Overseeing vendor quality control

EDUCATION

Degree or equivalent work experience equally preferable

The typical base pay range for this role is between $72K - $105K depending on job-related knowledge skills experience and location. This role may also be eligible for certain discretionary performance-based bonus and / or incentive compensation. Additionally our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits retirement plans educational assistance and training programs income replacement for qualified employees with disabilities paid maternity and parental bonding leave and paid vacation sick days and holidays. For more information on our Total Rewards package please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants including those with criminal histories in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance (ii) the City of Los Angeles Fair Chance Initiative for Hiring Ordinance (iii) the Los Angeles County Fair Chance Ordinance and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment if any.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race color national origin religion gender expression gender identity sex age ancestry marital status protected veteran and military status disability medical condition sexual orientation genetic information or any other status of an individual or that individuals associates or relatives that is protected under applicable federal state or local law.

Key Skills

Presentation Skills,Risk Management,Financial Services,IFRS,Banking,Pricing,Analysis Skills,Securities Law,Investment Banking,Relationship Management,Strategic Planning,Leadership Experience

Employment Type : Full-Time

Experience : years

Vacancy : 1

Monthly Salary Salary : 72 - 105