Operational Risk (Markets & Corporate Functions), Director
Operational Risk (Markets & Corporate Functions), Director
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Job Description
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 120000 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.Overall Purpose of Job:
Reporting to the Head of Operational Risk Framework Execution and Business Coverage Teams responsible for executing the second line of defense oversight and challenge program across all business activities managed in our Global Corporate and Investment Banking and Japanese Corporate Banking based business lines and our Enterprise Operations functions.
Responsibilities:
- Leads a team that manages and overseas the risk within the assigned business coverage area
- Execute the Effective Challenge & Oversight Framework for assigned business coverage areas including but not limited to:
- Support deep dive reviews with the FLoD on significant risk events and operational losses
- Identify with the FLoD applicable external losses and events for analysis and lessons learned
- Participate as SLoD SME in business aligned scenario workshops
- Participate in RCSA workshops and provide feedback in-line and post-execution to the FLoD
- Analyze FLoD owned issues for common root causes review issues per the Issue Management policies and standards and monitor resolution for assigned areas
- Partner with FLoD to develop appropriate key metrics and monitor FLoD operational risk reporting and metrics for negative trends or escalation items
- OMR SME reviewer for Product & Services risk assessments
- Perform sample-based framework compliance testing (eg QA testing or monitoring)
- Provide advisory support for high-priority change initiatives
- Fulfil SLoD ORM roles defined by Risk Governance Processes (e.g Risk ID Strategic Planning review LoB RAS review and challenge etc.)
- Oversee the development and production of periodic operational risk scorecards and reports that provide executive management a consolidated view of the assigned business lines adherence to the operational risk framework in effectively managing risk as the banks first line of defense and the second line of defense ORMs view of the areas operational risk profile and trend
- Lead or participate in structured Business Unit Review and business as usual working meetings to foster a deep understanding of the business and changes that impact its operational risk profile. This participation forms a component of the Directors role in monitoring the operational risk profile of the Businesses
- Ensure the results of all work performed by the team is documented in accordance with pre-defined standards and is ready for third party review upon request
- As a Director and leader within the ORM SLoD team contribute to the design of ORM Framework components. Coordinate with internal Operational Risk stakeholders to ensure that program expectations are well understood and incorporated into the business line review and challenge program and are consulted when differences in view of program requirements arise with the business line
- As a key partner to the FLoD support the roll out and execution of ORM programs and applicable changes including coordination with the ORM program leads and management of the enterprise execution calendar
- Support other initiatives periodically assigned by the Operational Risk leadership team
Qualifications:
- Bachelors degree in business Finance Economics Accounting or related field. MBA a plus.
- 12 years experience in operational risk management internal audit consulting regulatory or related field applicable to the business coverage areas described above
- Experience in control testing techniques and documentation
- Strong knowledge of operational risk regulatory expectations and industry practices
- Demonstrated ability to manage demanding workloads and prioritize deliverables
- Strong written and verbal communication skills
Interactions / Interpersonal Skills:
- Strong interpersonal skills to manage relationships with Business Unit Risk and Control Managers Line of Business Executives and other Operational Risk stakeholders
- Strong oral / written communication skills
- Able to build relationships with people at all levels. Able to influence and galvanize support of others. Builds rapport and trust among stakeholders
- Ability to promote cooperation and good working relationships among team members and peers
- Experienced working with regulators and auditors.
Business and Technical Knowledge:
- Broad view of the financial services industry.
- Strong knowledge of corporate investment banking and cash management products processes risks and controls (from front to back office).
- Expertise in control testing techniques and documentation
- Strong understanding of operational risk management programs and practices including third party risk fraud business continuity change and payments.
- Exceptional organizational skills.
The typical base pay range for this role is between $160K - $211K 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.
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.Required Experience:
Director
Employment Type
Full-Time
