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Head of Market Risk Technology, Director
Mitsubishi UFJ Financial Group
Jersey City, NJ, 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.
Head of Market Risk Technology, Director
Job Summary
As manager of Market Risk Technology, lead the team in providing technology services and program/project execution to enable the business to meet their strategic, tactical and operational goals. Meet with high-level management teams of businesses regularly to ensure technical requests for the business are prioritized to match expectations and needs of business unit senior management. Partner with internal and external service providers to proactively and effectively manage market risk initiatives. Perform duties of Senior Technical Leader, including leading application development teams to deliver project on-time, on-budget, and with high-quality. Work in conjunction with the Head of Risk Technology to develop new strategy, roadmaps, policies, procedures, and metrics to improve the effectiveness and performance of the department and exceed customer and partner expectations.
Major Responsibilities
Manage the market Risk Technology team. Lead the team market risk team strategy and facilitate and support the organization to deliver technological solutions to the Americas Risk Division to support Americas Risk Management’s vision of world-class leadership in risk management.
• Strategic partner to America’s leaders to align technology strategy with business needs.
• Collaborate with business unit leadership and project teams to plan, design, execute, and deliver technological services and solutions within established cost and time constraints.
• Interact with executive management, LOB’s and regulatory agencies.
• Oversee critical market risk projects, including the management of technical teams.
• Analyze and assess the impact of new application systems, technology, physical location changes, and priority changes on exposure/risk/vulnerability to the overall success and existence of the Bank, and take appropriate measures.
• Analyze and assess the impact of new products, services, and data on exposure/risk/vulnerability to the overall success and existence of the Bank, and take appropriate measures.
• Define a proactive and integrated maintenance & support plan to ensure version and release currency with all vendor provide software packages. Create and manage a defined release schedule to enable activation of key vendor enhancements while balancing risk to the Bank.
• Formulate long-range strategic plan by defining organizational goals and objectives, identifying the attributes and long-term needs of customer/user groups, evaluating opportunities and threats, evaluating the capability and long-term viability of information processing assets, resources, and personnel.
• Review and approves project plans. Monitor work progress. Review work products to ensure all aspects of all project deliverables have been considered. Manage and resolve project issues and risks. Ensure adherence to corporate policies, procedures, and standards. Ensure compliance with the Bank standard project methodology and guidelines.
• Manage and maintain the team’s financials and attain financial goals.
• Perform vendor management functions for the organization.
• Champion, and implement a data-driven process of governance, and continuous improvement, including internal frameworks, process and procedures; internal risk management; audit support; issue triage and resolution management; metrics tracking, monitoring, and reporting.
• Ensure all internal risk practices, strategies and policies are communicated throughout market risk Technology and that all staff understands and apply bank operating policies and procedures. Ensure compliance with policies and procedures.
• Drive efficiency, effectiveness, productivity, and innovation.
Qualifications
• Bachelor’s degree and minimum 15 years related technology experience with significant people management responsibilities.
Candidate requires the following:
• Must understand market risk and issues facing financial institutions and have experience with the assessment, identification, monitoring of markets technology
• Subject Matter Expertise in Market Risk regulations, data, processes, and technologies for major banks or financial institutions.
• Experience in the following:
Advance Model Approval for Market Risk,
Risk reporting systems with PFE & VaR.
Management of Credit Lines
Multi-regional and multi entity risk reporting.
Centralized and consolidated risk reporting
Stress testing with user definable scenario function
Integration of external risk engines
Managed services support models
Volcker reporting
• Experienced in interacting and communicating with regulatory agencies.
• Executive presence and ability to interact with C-level executives on a global basis.
• Must be a strong communicator and leader. Ability to be flexible, decision oriented, and motivated to establish support from senior management. Ability to approach strategic decisions in a consultative manner with a particular emphasis on delivery. Must be an exceptionally strong technologist, with a superior intellectual capacity, who is a natural leader, bringing a business perspective to the organization.
• Significant experience and proven track record in managing project execution teams with project, technical, and operational responsibilities.
• Subject Matter Expertise in application development, data management and delivery.
• Has deep and wide experience with IT architecture, IT infrastructure, IT application technologies and frameworks.
• Possesses a strong understanding of control systems and relevant technologies and how they interact with each other.
• Must be able to build a strong technology strategy and roadmap.
• Must be able to understand the impact of technology trends on the bank's current market risk capabilities.
• Managed teams with planning, financial, vendor, and relationship management responsibilities.
• Has strong management, organizational and evaluative process skills.
• Can analyze complex organizational and technical issues related to technology and identifies opportunities to improve performance and efficiency.
• Has strong leadership and people management skills to build a cohesive team of members capable of succession to more senior roles.
• Ability to recognize a crisis when it happens and know how to lead in a crisis.
• Demonstrated ability to develop and maintain productive business relationships with internal partners and external vendors.
• Has effective negotiation and influencing skills, including strong written and verbal communication skills and strong presentation skills.
• Has strong coaching, mentoring and team member development skill.
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.