Risk Management & Controls, Vice President
Risk Management & Controls, Vice President
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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 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.In this role you will focus on implementing frameworks designed to identify evaluate and manage operations-related risks and controls across the company or a particular business or function. Responsibilities include integrating that framework with business operations and keeping key stakeholders across the organization informed about new or existing technology assets and third-party vendor engagements; leading or supporting various programs including Risk and Control Self-Assessment (RCSA) process risk and control and other risk policies standards and processes.
As part of an effective risk and control framework Business Unit Risk and Control offices documents and executes risk and control assessments across processes related to Operations and Corporate Functions processes. There is a comprehensive coverage and joint accountability model that promotes early identification and assessment of operational and technology risk effective design and evaluation of controls and sustainable solutions to mitigate operational and technology risk.
Responsibilities:
- Drive implementation and sustainment of operational control framework
- Evaluate and benchmark process execution against outstanding standards
- Manage the execution of Operations controls self-assurance and risk assessment activities (ad hoc controls review risk and control self-assessments (RCSA)) and independent risk and audit activities as needed
- Consult on controls design and efficiency with technology partners in support of their commitments to align with all applicable laws regulations and internal policies and procedures
- Drive risk culture; influence self-identification and disclosure of control self-assurance gaps
- Ensure gaps are addressed via remediation plans that adhere to issues management mandates: timely issue and corrective action submission accurate root cause identification corrective action monitoring on time closure no failed validations and no repeat issue
- Monitor and evaluate emerging risk internal operational trends and external risk events for potential impact to control environment
- Prepare risk analysis and risk mitigation recommendations
- Support risk governance by ensuring our control environment performance is reported and has risk management plans in place for critical issues
- Support the preparation of risk and controls governance materials as needed
Qualifications:
- 6 plus years of experience in operational risk management (Includes operations operational risk management compliance audit and third party risk management within technology and/or information security) or a combination thereof or other highly regulated environment
- Knowledge of critical domestic and international banking regulations (BSA/AML Dodd Frank USA Patriot Act and OFAC UCC etc) and experience with enforcement agencies oversight activities (regulatory examinations matters requiring attention (MRAs) consent orders etc.) within a global systemically important financial institutions information technology and information security environments
- Experience with executing risk assessment/testing methodologies evaluating the adequacy and efficiency of internal controls; and identifying issues resulting from internal and/or external compliance examinations
- Experience with process documentation risk and control assessments and designing/executing test scripts
- Understanding of the regulatory environment and regulations related to operational risk and Office of the Comptroller of the Currency (OCC) and Federal Reserve Board (FRB) expectations
- Combined experience in external audit internal audit and operational risk and/or bank operation.
- Experience with executing risk assessment/testing methodologies evaluating the adequacy and efficiency of internal controls; and identifying issues resulting from internal and/or external compliance examinations
- Experience with risk metrics definition and reporting/scorecard development utilizing key risk metrics tools (IBM Open Pages Tableau Access etc.)
- Experience in creation and review of work papers to document testing and/or issue closure and experience in the management of regulatory matters
- Experience with automating and/or the ability to conceptualize automated control solutions
- Excellent communication presentation and influencing skills and ability to manage stakeholders across multiple disciplines
- Excellent analytical organizational and conceptual skills
- Ability to work effectively in team environment and influence across all interpersonal levels where flexibility collaboration adaptability challenge and influence are important
- Strong planning and organizing skills; ability to multitask and deal with varied workload
- Ability to demonstrate an analytical approach to problem solving. Identify analyze and apply/recommend practical solutions
- Ability to manage multiple priorities concurrently prioritize and efficiently complete responsibilities while maintaining the highest quality
- Ability to support work streams with sometimes limited oversight/information from inception to completion
- Experience with problem solving in a team environment by thinking outside of the box and providing innovative solutions with and without technology
- Ability to identify obstacles and work in conjunction with others to identify options/solutions
- Ability to constructively work both independently and in collaborative environments involving all levels of management and employees
- Strong work ethic ability to make decisions and work under tight deadlines; achievement-oriented and takes initiative
- Deep working experience with regulations applicable to the banking and finance industry required
- Deep understanding of financial institution processes products and risk
The typical base pay range for this role is between $124K - $162K 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:
Chief
Employment Type
Full-Time
