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Risk Vice President
Mitsubishi UFJ Financial Group
Los Angeles, CA, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Overall Purpose:
The Operational Risk Manager will support the Business Unit Risk Management (BURM) team in the “first line of defense,” responsible for supporting and coordinating the application of the enterprise’s operational risk management framework within the Los Angeles based MUFG Union Bank (MUB) Sales & Trading unit. Primary focus is on identification, assessment, and monitoring of key business operational risks. The Business Unit Risk Vice President reports to both the Markets Business Unit Risk Manager (BURM) and the manager of the Risk & Controls Office for the West Coast.
The Business Unit Risk Vice President will play an integral role in monitoring and evaluating the effectiveness of operational risk management for the MUB Sales & Trading Unit within Global Markets including: FX and Interest Rate Derivatives Sales and Trading.
Major Responsibilities:
• Help assess the effectiveness of established operational risk management controls
• Assist in the completion of annual risk and control self-assessments
• Produce regular reports on the operational risk environment
• Identify, document, and monitor risk events, losses and issues requiring attention
• Monitor, track, and report on remediation activities related to control deficiencies
• Develop and monitor key risk metrics
• Work closely with external parties to facilitate the testing of controls
• Support product risk assessments and new product initiatives
• Provide ad-hoc support for West Coast risk team as needed
Qualifications
As part of Markets’ Risk Management team, this position requires a general knowledge of and sensitivity to the current regulatory environment and
• An understanding and adherence to the Bank's Risk Vision
• Knowledge and application of operational risk management policies, programs, and techniques
• The ability to recognize and proactively address risk
• Experience in and knowledge of activities supporting operational risk management including regulatory expectations and industry best practices is required
Specific experience in one of the Markets disciplines:
• FX Sales and Trading
• Interest Rate Derivatives
• Swap Dealer regulation is highly desirable, preferably within the associated areas of operations, risk management, regulatory environment, or accounting systems.
Additional Requirements:
• A BA/BS degree or equivalent experience in finance, business or another relevant discipline
• A minimum 5 years of relevant experience performing operational risk analysis as a risk manager, auditor, regulator, or similar capacity in the financial services industry
• The ability to use analytical, evaluative and/or critical thinking skills to assess risks and controls in banking processes and proactively identify additional risks that should be monitored or addressed
• Ability to assimilate, evaluate and articulate business impact when control exceptions are identified
• Excellent written and verbal communication skills
• Ability to interact effectively with mid and senior-levels of management
• Ability to prioritize assignments to meet critical deadlines
• Ability to work with a moderate level of guidance and to provide guidance to less experienced staff
• Proficiency with Microsoft Office Suite, Visio, SharePoint, PowerPoint
• Comfortable working in a fast-paced, highly collaborative environment.
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/Affirmative Action 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 in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.