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Regulatory Accounting Policy Manager, Director
at MUFG Americas
Job Status: Full Time
Job Reference #: 10023255-WD-SECONDARY-45
Categories: Accounting/Auditing, Management - Mid-Level (Manager, Director), Management - ALL CATEGORIES
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group.
Reporting to Managing Director of Financial Reporting for MUFG US Operations, the Regulatory Accounting Policy Manager interprets new and existing US Banking Agency accounting guidance across business units. The Regulatory Accounting Policy Manager is responsible for the following: Evaluate and document complex financial products and transactions, including securitizations, SPEs, derivatives, and acquisitions. Develop, implement, and maintain accounting policies to ensure compliance with U.S. GAAP and banking regulatory requirements. Assess the impact of new accounting rules on current policies and processes. Collaborate with senior management across business units to strategically enhance, revise and implement accounting policies.
- Provide proactive, expert consultation and technical support on events and transactions by identifying and addressing accounting policy and reporting issues and opportunities (e.g., mortgage banking, loan accounting, consolidation/variable interest entities, derivatives and hedging, general accounting matters).
- Prepare technical regulatory accounting position papers on events and transactions (including due diligence efforts).
- Establish and maintain collaborative relationships with Finance partners and internal stakeholder groups, including the business lines.
- Evaluate the impact of existing and new regulatory accounting rules and advise business unit controllers on implementation.
- Monitor emerging accounting standards during the exposure draft period, interpret impact to the Bank, and present implementation status to senior management.
- Assist in representing the Bank externally on issues relating to regulatory accounting policy through participation in industry-wide associations and related organizational meetings.
- Accounting degree required; CPA, active status 10-15 years of experience, including public accounting, financial institutions, and accounting policy.
- Comprehensive and current understanding of U.S. GAAP, financial reporting principles and regulatory requirements.
- Excellent communication skills both written and verbal Excellent analytical, organizational and project management skills.
- Familiarity with US Basel III Regulatory Capital guidelines is preferred.
- Practical understanding of IFRS or experience in IFRS impact assessments/conversions/adoptions a plus.
- Japanese bi-lingual skills also a plus.
The above statements are intended to describe the general nature and level of the 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 / Affirmative Action 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 in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
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