Third Party Risk Management - Intake, Vice President

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Job Summary:

The Data & Financial Operations Governance VP will support the Chief Data & Financial Operations (CDFO) management team in preparing tracking facilitating and executing Third-Party Risk Management (TPRM) governance activities with our business partners and lines of defense. In this role you will lead the Third-Party Intake process where third-party risks are evaluated to determine what controls should be implemented during engagements. In this role you will liaise with various line-of-business and risk function SMEs across the firm to achieve objectives set by Governance Managers. An ideal candidate will have 7 years of Third-Party Risk Management experience with increasing responsibility in a governance function or management consulting as well as working knowledge of risk management practices including but not limited to control documentation and assessment control testing issue remediation process improvement and policy and procedure development. This position will be principally engaged in the evaluation of third-party risks as part of the intake process. The candidate must have strong subject matter expertise in third-party and outsourcing risk management in financial services or other heavily regulated industries is preferred. This position requires deep understanding of including but not limited to CFR 12 Part 30 Banks & Banking Safety and Soundness Appendices B & D as well as administrative pronouncements and OCC Bulletin 2023-17 Interagency Guidance on Third-Party Relationships. Required ability to quickly get up to speed on other applicable rules and guidance impacting the TPRM program including those from agencies such as the FFIEC the SEC other U.S. regulators (e.g. NY Department of Financial Services) and foreign-based regulators (e.g. Japans Financial Services Agency Canadas Superintendent of Financial Institutions and those in Latin American). This position also requires critical thinking skills to parse complex regulatory pronouncements into actionable components and contextualize the content in a manner that articulates the spirit and intention of the pronouncement while considering the practical impact on MUFG.

Responsibilities

• Evaluate third-party engagements for risks and work with subject matter experts to evaluate risk mitigation strategies as required based on the contractual obligations of the third party.

• Monitor changes in regulations & regulatory guidance as well as introduction of new regulations & regulatory guidance in collaboration with Operational Risk Management partners.

• Assess the impact of new or changed regulations on existing governance documents by performing analytical comparisons or gap analyses in collaboration with Operational Risk Management partners.

• Review related Subject Matter Expert (SME) and Line of Business (LOB) policies and procedures to ensure consistency with enterprise standards.

• Participate in industry associations to gain insight on best practices around regulatory guidance interpretation and application.

• Participate in Comment Letter Process as a representative of MUAH providing feedback to the agencies when new rules or guidance are proposed.

• Participate as key stakeholder in Operational Risk Management annual policy review process.

• Support periodic updates on policy standard and procedures performance and results to division leaders and formal committees.

• Support ad hoc TPRM governance projects.

• Lead development maintenance and execution of governance processes by coordinating with key stakeholders and SMEs and management.

• Monitor and test for compliance with policies and standards.

• Monitor and report status on TPRM governance activities.

• Identify opportunities continuous process improvement of governance framework processes and controls and collaborate with others to drive change.

• Maintain procedures and standards and process flows and identify and propose improvements when appropriate.

• Demonstrate and promote and monitor others for adherence to policies standards and procedures.

• Proactively identify gaps in current BAU activities and track and execute remediation plans with key stakeholders in the department.

• Collaborate with data governance SMEs and other stakeholders to promote data governance awareness and culture.

Qualifications

• Excellent communication skills both verbal and written.

• Strong academic credentialsBA or BS degree with an advanced degree in law finance business sourcing risk management or related fields being highly desirable.

• 7 years of experience in bank compliance audit risk legal or related positions.

• Strong analytical or critical thinking skills

• Excellent attention to detail.

• Ability to handle multiple complex tasks and responsibilities simultaneously and with substantial independence.

• Work under the direction of multiple stakeholders.

• Ability to manage highly talented and specialized staff in third-party risk management.

• Strong organizational and process-oriented skills.

• 7 years of experience in roles with increasing responsibility and scope relevant to governance or risk management. Supervisory responsibilities a plus.

• Strong knowledge of data governance principles frameworks methodologies and tools.

• Strong experience in coordinating and facilitating governance activities and forums.

• Experience in working with policies standards procedures process flows and controls.

• Experience in working with metrics dashboards and reports.

• Excellent communication presentation and interpersonal skills.

• Working knowledge of best practices in design and maintenance of policies standards procedures and controls.

• Ability to work independently and collaboratively in a fast-paced environment.

• Familiarity with Laws Rules and Regulations or experience in a corporate banking or management consulting firm is beneficial.

• Proficiency in Microsoft Office applications especially Word Excel and PowerPoint and project-related software.

The typical base pay range for this role is between $114K - $160K 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