Associate, Controls, Third Party Management
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Job Location:
Monthly Salary:
Posted on:
4 hours ago
Vacancies:
1 Vacancy
Job Summary
Reporting to the Senior Associate Director Controls Third Party Management assisting with responsibility for maintaining and implementing the Third-Party Risk Management governance framework and supporting the Head of Third-Party Management (TPM) in meeting their responsibilities.
- Assist with the implementation and maintenance of the group Third Party Risk Management governance framework with respect to all third-party provider (TPP) engagements to include outsourcing arrangements. Ensure compliance with same across the organisation and perform ongoing review of its effectiveness in identifying reducing controlling and reporting key outsourcing risks that impact clients and the business.
- Act as point of contact:
- For business owners of in-scope TPP relationships.
- For TPM related queries and provide guidance and training in line with TPRM policy TPM procedures and regulations to the internal clients and stakeholders; and
- between the parties to TPP engagements as required
- Assist with completion of risk assessments / due diligence on all third parties onboarded by the group as well as support business owners through the TPM lifecycle (onboarding ongoing monitoring amendment termination)
- Support all parties in the performance of ongoing monitoring and periodic reviews of Third Party (including Intra-Group) arrangements including onsite inspections assessment of all proposed new engagements and maintain records of any oversight activities.
- Identify third party management issues and risk trends with attention to outsourcing regulatory requirements at the earliest opportunity agree remedial action and where possible implement best practice to resolve.
- Assist in maintaining the group records of Third-Party Providers as well as regulatory specific registers (DORA CBI Outsourcing etc.) drafting and distribution of documentation for the completion of assessments ongoing monitoring and periodic reviews.
- Assist in monitoring third party performance and risk metrics contract obligations and service-level adherence
- Support the continuous enhancement of TPP data quality and controls.
- Contribute to the development of third-party management processes for efficient execution of TPRM governance framework.
- Assist in preparing g reports to the Outsourcing and Risk Committees the Boards of all outsourced service receivers and MUTB on the third-party management governance framework.
- Participate in client due diligence RFPs or external third-party provider assessments as required
- Assist in ensuring Third-Party Risk Management (TPRM) policies and procedures adhere to regulatory standards. Responsible for keeping up to date with changing regulations in relevant jurisdictions and application of knowledge to -ordinate with Compliance Operational Risk and internal /external audit to meet group and regulatory requirements.
- Manage support and train other members of the Third-Party Management team as necessary
Qualifications :
- Primary level degree in law business finance or a relevant professional qualification.
- At least 2 years experience working in the fund administration industry or other relevant industry experience. This can include other administrators investment managers or fund auditors.
- Prior experience of third-party risk management or operational risk in the financial services industry.
- Expert knowledge of risk assessment and third-party management
- Strong knowledge of outsourcing regulatory regimes in relevant jurisdictions
- Proficiency in MS Excel Power Bi and other data analysis tools an asset
- Preference will be given to a candidate with a working understanding of fund administration industry. Sound knowledge and experience of outsourcing/third party management framework and the ability to implement and apply to the business.
- Excellent analytical and communication skills (Written & Verbal).
- Strong influencing and Relationship Management skills conducted with integrity and sound judgement.
- Ability to project manage across jurisdictions / locations and operate effectively in a changing environment.
Additional Information :
Whats in it for you to join MUFG Investor Services
Take a look at our careers site and youll find everything youd expect from a career with the fastest-growing business at one of the worlds largest financial groups. Now take another look. Because its how we defy expectations that really defines us. Youll feel that difference in all kinds of vibrant CULTURE. Connected team. Love of innovation laser client focus and next-level LEARNING & and we really walk the talk when it comes to HYBRID WORKING.
So why settle for the ordinary Apply now for a Brilliantly Different career.
Remote Work :
No
Employment Type :
Full-time
Key Skills
- Portfolio Management
- Wealth Management
- Financial Services
- Hybris
- Microsoft Word
- Banking
- Cash Management
- Data Management
- Microsoft Powerpoint
- Securities Law
- Microsoft Excel
- Internet Of Things
About Company
Were more than just fund administration. Our offerings include a scope of solutions not historically provided by asset servicing companies. From fund financing to subscription lines of credit, securities lending, foreign exchange (FX) services, consulting services and beyond, we help ... View more
