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Vice President , Third Party Risk Management
Mitsubishi UFJ Financial Group
Tempe, AZ, 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.
Job Summary:
This position will report to the Director, Third-Party Risk Management (TPRM) and will be principally engaged in supporting the MUAH Third-Party Risk Management Program with establishing, managing and evaluating KPI/KRIs, identification and management of process improvement and efficiency opportunities and working with key stakeholders to ensure compliance with regulatory and bank requirements.
This position requires deep understanding of CFR 12 – Part 30, Banks & Banking Safety and Soundness, Appendices B & D, as well as administrative pronouncements 1) OCC Bulletin 2013-29, Third Party Relationships, and 2) FRB SR 13-19/CA 13-21, Guidance on Managing Outsourcing Risk to the Company’s Third-Party Risk Management (TPRM) program, 3) CFPB Bulletin 2012-03 on Service Providers, FDIC FIL 44-2008 on Guidance for Managing Third-Party Risk. Required ability to quickly get up to speed on other applicable rules and guidance impacting the TPRM program including those from agencies such as the FFIEC, other U.S. regulators (e.g., NY Department of Financial Services), and foreign-based regulators (e.g., Japan’s Financial Services Agency, Canada’s Superintendent of Financial Institutions and those in Latin American). Policy coverage encompasses the following MUFG affiliated entities: MUFG Americas Holdings Corporation and subsidiaries (MUAH), including MUFG Union Bank N.A., BTMU’s U.S. branches as well as those in Canada and Latin America, MUS USA, and MUTB’s U.S. branch.
The position requires critical thinking skills to parse complex regulatory pronouncements into actionable components and contextualize the content in a manner that articulates the spirit and intention of the pronouncement while considering the practical impact on the Company.
Major Responsibilities:
• Support established KPI/KRI metrics and collaborate with the Operational Risk Team for input to TPRM KPIs and KRIs
• Ensure enterprise-level third party risk appetite metrics are established, socialized and remediated (when required) to support regulatory expectations
• TPRM primary point of contact for coordination of KPI/KRI calibration across MUAH Entities
• Work with key stakeholders (BURCOs/TPM/SMEs/Sourcing/CNG/SLoD R&C) to ensure compliance with regulatory requirements and procedures
• Define, manage and escalate (when appropriate) QA dashboards (Content and Metrics), report, trend and anomaly analysis, TPRM Program effectiveness (supplemental to SLoD R&C)
• Supporting Open Issues and MRA closures and documentation
• Support FLoD QA Function through facilitation of needs assessment, facilitate the acquisition of data and transforming data into information to better support the TPRM Program
• Collaborate with other TPRM SLoD groups as necessary in maintaining and enhancing the overall TPRM Program
• Participate in industry associations to gain insight on best practices around regulatory guidance interpretation and application
• Support annual policy review process
• Active in feedback loop to ensure program enhancements including training, reporting and SLoD R&C is supported
• Collaborate with FLoD and SLoD to evaluate and identify opportunities for improved policy, process and program efficiency and consistency;
• Support periodic updates on policy and procedures, performance and results to division leaders and formal committees;
• Collaborate with TPRM Reporting, as required
• Coordinate feedback loops between stakeholders and appropriate process owners for Program enhancements, training, and continuous improvement
Qualifications
• Excellent communication skills both verbal and written
• Strong academic credentials—BA or BS degree, with an advanced degree in law, finance, business, sourcing, risk management, or related fields being highly desirable
• Experience with formal Process Improvement Programs (e.g., TQM, Six Sigma, CMMI, etc)
• 7+ years of experience in bank compliance, audit, risk, legal or related positions
• 7+ years’ experience with developing, managing and analyzing metrics (KPIs/KRIs/Performance/etc.)
• Proficient at executive level reporting
• Strong analytical or critical thinking skills
• Excellent attention to detail
• Facility with Excel, Word, PowerPoint and project-related software packages
• Ability to handle multiple, complex tasks and responsibilities simultaneously and with substantial independence
• Work under the direction of multiple stakeholders
• Strong ability to work cross-functionally and balance requirements of multiple executive level stakeholders
• Strong organizational and process-oriented skills
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.