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Operational Risk Management Credible Challenge, Vice President
Mitsubishi UFJ Financial Group
New York, NY, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 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:
Execution of a risk-based review and challenge work-program to monitor First Line of Defense (FLOD) fulfillment of operational risk management responsibilities (including third party risk management, and other sub-operational risk program elements to be incorporated over time).
Major Responsibilities:
• Production and enhancement of monthly or quarterly scorecards or dashboards that provide executive management a consolidated view of the FLOD's adherence to the operational risk framework in effectively managing operational risk.
• Participate in targeted FLOD governance and 'business as usual' working meetings to foster a deep understanding of the business processes and changes that impact its operational risk profile.
• Provide support for the planning of and participate in periodic review and challenge sessions with FLOD's Business Unit Risk and Control Officers and Business Unit executives to discuss the output of validation and challenge activities, as well as areas of concern.
• Ensure the results of all work performed is documented in accordance with pre-defined standards and is ready for third party review upon request.
• Coordinate with internal Operational Risk stakeholders, such as Operational Risk Methodology and RCSA teams to ensure that program expectations are well understood and incorporated into the FLOD validation and challenge program, and are consulted when differences in view of program requirements arise. May work with technology SME’s and lead SLOD review of IT processes.
• Develop strong professional relationships with the FLOD Risk and Control teams, and Line of Business leaders to ensure trust and transparency amongst the lines of defense.
• Support initiatives periodically assigned by the Wholesale Banking Operational Risk Director.
Qualifications
• 10+ years’ experience in operational risk management, internal audit or related field.
• Experience in risk identification control testing techniques and documentation.
• RCSA experience is required.
• Bachelor’s degree is required (MBA preferred).
• Experience working with IT/technology processes and technology SMEs is a huge plus, as this role may lead SLOD review of IT processes.
• Collaborative team player: ability to promote cooperation and good working relationships among team members.
• Familiarity with operational risk regulatory requirements and industry practices.
• Demonstrated ability to manage workloads and prioritize deliverables.
• Strong written and verbal communication skills. Highly organized.
• Able to build relationships with people at all levels. Able to influence and galvanize support of others. Builds rapport and trust among stakeholders.
• Broad view of the financial services industry.
• Understanding of operational risk management programs and practices, including new product risk.
• Experience working with regulators and auditors is helpful.
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.