Assistant Vice President, EMEA Risk Planning

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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.

OVERVIEW OF THE DEPARTMENT/SECTION

MUFG (Mitsubishi UFJ Financial Group) is one of the worlds leading financial groups. Headquartered in Tokyo and with approximately 350 years of history MUFG is a global network with around 2300 offices in over 50 countries including the Americas Europe the Middle East and Africa Asia and Oceania and East Asia. The group has over 150000 employees offering services including commercial banking trust banking securities credit cards consumer finance asset management and leasing.

Enterprise Risk Management (ERM) is responsible for supporting the EMEA Chief Risk Officer to implement an effective risk management framework across the MUFG Bank and Securities EMEA business and providing a holistic view of the risks facing MUFG EMEA.

The ERM department is split into five core teams that cover Enterprise Risk Governance Resilience Enterprise Sustainability & Resolvability Model Risk Management and Risk Planning.

• Enterprise Risk Governance maintain the enterprise-wide risk management framework produce risk profile reporting for EMEA Risk governance forums organise the EMEA Risk Management Committee ensure EMEA and International Securities policies are maintained manage the New Activity policy including new products manage model risk governance and facilitate EMEA Risks climate & environmental risk materiality assessments.
• Resilience is the second line of defence for Strategic Risk which includes Capital Risk they perform integrated stress testing including climate and environmental scenarios maintain the enterprise-wide risk appetite framework and report risk appetite to senior management.
• Enterprise Sustainability & Resolvability are the second line of defence for Reputational Risk which includes sustainability and ESG considerations they manage the recovery & resolution planning requirements for the UK entities support the EMEA financial crisis management framework and manage regulatory change for EMEA Risk owned prudential and regulatory requirements.
• EMEA Model Risk Management are the second line of defence for model risk own and maintain the model risk management framework and perform independent model validation for risk and pricing models.
• EMEA Risk Planning (ERP) support the CRO in delivering the EMEA Risk strategy and business plans oversee the risk & control environment including control testing and independent control validation and liaison to Head Office Risk teams.

NUMBER OF DIRECT REPORTS

None

MAIN PURPOSE OF THE ROLE

This role is an Assistant Vice President position to support the Head of ERP to lead the operations and governance of the Risk function on behalf of the EMEA CRO. The role will have responsibility for planning activities delivering the EMEA risk strategies and business plan internal control and governance of the risk department across EMEA. As well as to provide support to the harmonized risk management of EMEA branches/offices and covers the liaison function with Head Office.

The role will initially have a primary focus towards supporting the Vice President roles of ERP with EMEA Risk operations governance and strategy.

KEY RESPONSIBILITIES

As an ERP AVP you will have primary responsibility for providing support to the ERP team. You will also work across several of ERMs teams. Your responsibilities will include:

Risk Control & Governance

• Support delivery of an effective risk governance framework for the Risk function including risk controls and governance within Risk.
• Ensure sound operation of day-to-day controls within Risk and policy adherence is maintained and to drive efficiency through the Risk function.
• Perform review and challenge to Risk departments (credit market operational enterprise and analytics) on control effectiveness and risk issues and monitor progress against the EMEA CRO-owned supervisory actions.
• Provide oversight of the annual review of RCSA across Risk departments.
• Provide support to deliver audit findings remediation across Risk owned controls and processes.

Planning and Strategy Development

• Provide support to the Head of ERP to lead the operations and governance of the Risk function and develop the strategy for the Risk function.
• Provide management information to senior members of Risk and to other parts of the group.
• Provide support for risk related projects as may be defined by Head of ERP.
• Support ensuring business continuity for the Risk function.

Risk Technology

• Support the Head of ERP to establish and develop the Technology strategy for the Risk function.
• Provide support to deliver IT projects and obtain system investment budget approval.
• Drive approach for improvement of risk data governance including establishing frameworks and monitoring of data quality.
• Liaise with Data Stewards to ensure adherence to Data Management policy and data quality requirements in addition to attendance at Data working groups and committees.

Other

• Provide cover and support across the ERM departments areas of responsibilities as needed.
• Contribute ideas and taking action to simplify processes reduce manual effort and improve MI clarity.
• Promote good documentation data integrity and transparent escalation.
• Contribute ideas to simplify processes reduce manual effort and improve MI clarity.
• Promote a culture of ongoing development by remaining aware of emerging risk management practices and relevant regulatory developments sharing with other team members.
• Support the update of department procedures and developing relevant policies.
• Ensure early identification and escalation of issues raising and addressing management actions and timely remediation of audit findings.
• Contribute to embedding a healthy risk culture within the organization.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential:

• Experience of working in risk management or control function role for a bank or investment firm or financial services consulting firm.
• Strong analytical and writing skills.
• Strong Microsoft Office skills.
• Working knowledge for Risk related IT and systems.
• An appreciation of what constitutes a positive risk culture.

Preferred:

• Relevant experience across risk management techniques (e.g. operational risk internal control and governance).
• Experience of project/change management and understanding of relevant methodologies.
• Understanding of process improvement and process mapping (e.g. Visio).
• Experience of producing governance materials for senior stakeholders and committees.

Education / Qualifications:

• Degree level or relevant industry experience.

PERSONAL REQUIREMENTS

• Results driven with a strong sense of accountability.
• Ability to operate with urgency and prioritise work accordingly.
• Strong desire to learn and grow.
• Curious with a challenge mindset.
• Pro-active and self-motivated.
• Attention to detail and accuracy.
• Excellent interpersonal skills.
• Excellent communication skills verbal and written.
• Excellent attention to detail and accuracy.
• A structured and logical approach to work.
• Strong problem-solving skills.

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entitys performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

• The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
• The role holder will be required to perform their duties and responsibilities on an entity neutral basis without favour.
• The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
• Working terms are dictated by functional mandates the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
• The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc escalating to their manager where required.

We are open to considering flexible working requests in line with organisational requirements.

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.