Operational Risk Management, Vice President

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Overall, Purpose of Job: Reporting to the Director Corporate & Investment Banking and Operations Business Coverage Team, responsible for executing the second line of defense oversight and challenge program across all business activities managed in our Global Corporate and Investment Banking and Japanese Corporate Banking based business lines and our Enterprise Operations functions.
 

Essential Functions
1) Execute / support the Effective Challenge & Oversight Framework for assigned business coverage areas, including but not limited to:

• Support deep dive reviews with the FLoD on significant risk events and operational losses
• Identify with the FLoD applicable external losses and events for analysis and lessons learned
• Participate as SLoD SME in business aligned scenario workshops
• Participate in RCSA workshops and provide feedback in-line and post-execution to the FLoD
• Analyze FLoD owned issues for common root causes, review issues per the Issue Management policies and standards and monitor resolution for assigned areas
• Partner with FLoD to develop appropriate key metrics and monitor FLoD operational risk reporting and metrics for negative trends or escalation items
• ORM SME reviewer for Product & Services risk assessments
   

2) Perform sample-based framework compliance testing (e,g, QA, testing or monitoring)
3) Support advisory services for high-priority change initiatives.
4) Support  /  execute  SLoD  ORM  roles  defined  by  Risk  Governance  Processes  (e.g  Risk  ID,  Strategic  Planning  review,  LoB RAS review and challenge, etc.)
5) Production  of  periodic  operational  risk  scorecards  and  reports  that  provide  executive  management  a  consolidated  view  of  the assigned business lines' adherence to the operational risk framework in effectively managing risk as the bank's first line
of defense and the second line of defense ORM’s view of the area’s operational risk profile and trend.
6) Lead  or  participate  in  structured  Business  Unit  Review  and  'business  as  usual'  working  meetings  to  foster  a  deep understanding of the business and changes that impact its operational risk profile. This participation forms a component of the VP’s role in monitoring the operational risk profile of the Businesses.
7) Ensure  the  results  of  all  work  performed  is  documented  in  accordance  with  pre-defined  standards  and  is  ready  for  third party review upon request.
8) Support  the  coordination  with  internal  Operational  Risk  stakeholders  to  ensure  that  program  expectations  are  well understood  and  incorporated  into  the  business  line  review  and  challenge  program  and  are  consulted  when  differences  in view of program requirements arise with the business line. 
9) As  a  key  partner  to  the  FLoD,  support  the  roll  out  and  execution  of  ORM  programs  and  applicable  changes,  including coordination with the ORM program leads and management of the enterprise execution calendar.
10) Support other initiatives periodically assigned by the Operational Risk leadership team.
 

Interactions / Interpersonal Skills:

• Strong interpersonal skills to manage relationships with Business Unit Risk and Control Managers, Line of Business Executives and other Operational Risk stakeholders
• Strong oral / written communication skills.
• Able to build relationships with people at all levels. Able to influence and galvanize support of others. Builds rapport and trust among stakeholders
• Ability to promote cooperation and good working relationships among team members and peers.
• Experienced working with regulators and auditors.
   

Business and Technical Knowledge:

• Broad view of the financial services industry.
• Strong knowledge of corporate, investment banking and cash management products, processes, risks and controls (from front to back office).
• Expertise in control testing techniques and documentation
• Strong understanding of operational risk management programs and practices, including third party risk, fraud, business continuity, change and payments.
• Exceptional organizational skills.
   

Experience/Abilities:

• 5+ years’ experience in operational risk management, internal audit, consulting, regulatory or related field applicable to the business coverage areas described above
• Experience in control testing techniques and documentation
• Strong knowledge of operational risk regulatory expectations and industry practices
• Demonstrated ability to manage demanding workloads and prioritize deliverables
• Strong written and verbal communication skills

Education:
Bachelor’s degree in business, Finance, Economics, Accounting, or related field.  MBA a plus.

The typical base pay range for this role is between $125K - $160K depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

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 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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.