We are MUFG. 360 years of heritage. A world-class set of businesses. And more than 180,000 employees in 50 markets. It's no surprise that MUFG has grown to become one of the top five banks in the world. Our services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG offers stability in an ever-changing market, providing services to high-profile clients worldwide.
Our vision? To become the world's most trusted financial group. You'll help us achieve it.
Overview of Department/Section
Finance is primarily responsible for financial accounting, JGAAP & USGAAP reporting to Head Office, Regulatory Reporting to Prudential Regulation Authority (PRA) and Bank of England (BoE), Financial Planning and Management Reporting, Treasury Finance Reconciliation & Reporting. Taxation and managing bank-wide SOX Programme to comply with Sarbanes-Oxley Act.
Finance also proactively support and mentor Finance departments of other EMEA units in areas of Accounting, Taxation and Internal controls.
Main Purpose of the role
To be an active member of the Accounting Policy team supporting both Bank and Securities businesses
In this role, you will be responsible for accounting policy across MUFG's banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you.
Become an active member of a small team of technical accountants providing guidance and advice on technical accounting matters to both transistors and back office functions
Partnering with Front Office to advise on the accounting implications of their business and actively ensuring that they are aware of all forthcoming accounting changes and their impacts
Contribute to projects which incorporate accounting topics
Support the new product assessment process, liaising directly with front office functions to support structuring activities, advise on the impact of new transactions on the company's accounts, and co-ordinate responses across the finance function
Contribute to, and provide, training on technical accounting matters across the firm
Active engagement with external auditors on all policy matters
Contribute to the issuing or update of local accounting policies under IFRS businesses
Relevant experience of technical accounting role required
Education / Qualifications
Undergraduate degree at 2:1 or higher
Excellent communication skills – particularly in communicating complex accounting concepts to non-accountants
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
Strong numerical skills
Excellent Microsoft Office skills
Performance and Duties
Functional / Technical Competencies:
Qualified accountant (ACA, ACMA, ACCA)
Strong analytical skills
Excellent written and verbal communication skills.
Knowledge of financial products and associated accounting models
Knowledge of IFRS essential
Knowledge of US GAAP and J GAAP useful
Managing conflicts of interests
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.
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.
We areopen to considering flexible working requestsin line with organisational requirements.
LOCATION: LONDON, UNITED KINGDOMSTATUS OF ROLE: PERMANENTSALARY PACKAGE: COMPETITIVEPOSTING DATE: 29th SEP 2020 CLOSING DATE: 30th OCT 2020