Review and Challenge – Operational Risk Manager, Vice President
Mitsubishi UFJ Financial Group, Inc.
New York, NY
5d ago

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.

Major Responsibilities :

Reporting to Operational Risk Review and Challenge Regional Bank team lead, responsible for executing the second line of defense Operational Risk Management ( ORM ) review and challenge program across the Regional Bank and other Business Lines as assigned.

Perform review and challenge activities to ensure that Business Lines and corporate functions have implemented and executed ORM programs (RCSA, Loss data, Scenario, KRM, Issue Management etc.

in accordance with the firm’s policy, and various program requirements

Develop accurate understanding of the Business Lines risk profile and trend based on review of relevant information and understanding of the business, process, risk and the control environment and provide oversight and meaningful challenges

Communicate issues / observations identified from review and challenge activities with the Business Lines and provide recommendations / request the Business Line’s review and actions to remediate as necessary

Ensure the results of all work performed is documented in accordance with the program requirements (Procedures, Execution Guidelines and related) prior to due date, well supported with underlying details and is ready for independent review upon request

Perform analysis and identify root causes of where ORM program requirements are not being met. Work with the Business Line and the second line of defense (when applicable) to address those issues, measuring and tracking progress in remediation

Work with the second line of defense (e.g. ORM programs, Compliance, Fraud, Sales Practice, Information Risk Management, Business Continuity, and Third Party) in coordinating and executing on the above requirements

Prepare quarterly / periodic reporting of the Business Line ORM program execution that provide a clear and concise view of the Business Lines ORM program execution status and any issues / key items that may require management’s attention

Support the team lead / Program on Audit and or Regulatory exam preparation and review to address inquiries and submit the requested documentation / information adequately and timely

Stay abreast of industry developments in operational risk management / Banking industry in general to ensure the review and challenge program accounts for new practices

Support initiatives on development / enhancement of the program and or ORM related

Qualifications :

  • Bachelor’s degree in Business, Finance, Economics, Accounting, or related field. MBA preferred
  • 8 -10 years’ experience in operational risk management, internal audit, management consulting or related field, including 5 years work related to risk management
  • Experience in control testing techniques and documentation
  • Strong knowledge of operational risk management, regulatory requirements and industry practices
  • Demonstrated ability to manage workloads and prioritize deliverables
  • Strong written and verbal communication 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

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