Finance Operational Risk & Control , Vice President - Hybrid (AZ, NC)
Company: MUFG Union Bank
Posted on: September 24, 2022
Do you want your voice heard and your actions to count? Discover
your opportunity with Mitsubishi UFJ Financial Group (MUFG), the
5th largest financial group in the world. Across the globe, we're
180,000 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.This is a hybrid position.
There are flexible work from home options available. A member of
our recruitment team will discuss the options with you in more
detail.Job Summary:As part of the BURCO (Business Unit
Risk/Controls Officer) team within FMA (Financial Management of the
Americas), the Operational Risk & Control, Vice President will
assist the Division Risk Manager by assessing effectiveness of
operational risks specific to FMA processes. This includes
performing Risk and Control Self-Assessments, including risk and
control identification and developing test scripts; documenting
operational loss events and management self-identified issues;
working with data to develop key risk metrics to monitor where key
risks are changing; providing oversight on quarterly
certifications; supporting standard and ad-hoc reporting
requirements for senior leaders; supporting response to internal
audit and regulatory examinations.Major Responsibilities:
- Support Division Risk Manager for FMA in operational risk
management activities including: Assess risks and effectiveness of
operational controls specific to FMA business functions including
corporate accounting, reporting (SEC/Regulatory), purchasing and
payables, corporate tax, corporate treasury including funding, and
capital adequacy and stress testing / CCAR (Comprehensive Capital
Analysis and Review).
- Perform Risk Control Self-Assessment reviews including risks,
risk metrics, control record updates, and control test
- Support risk and control assessments through collaboration with
process owners and other stakeholders.
- Review and provide feedback on control test scripts,
documentation and results.
- Create and update process flow documentation for FMA
- Assist in quarterly assessments of operational risk related to
other processes e.g., internal operational risk reports, risk
appetite statements and control certifications.
- Review operational losses to ensure that sufficient mitigating
controls are identified and documented; and remediation actions are
appropriate, effective and timely. Recommend corrective actions to
Division Risk Manager.
- Defend risk assessments with stakeholders and assist in
coordinating requests and responses during Internal Audits and bank
- Contribute to quarterly operational risk reporting in
conjunction with the FMA BURCO's Integrated Operational Risk Report
for the finance division.
- Support annual Risk Appetite Statement process, including
partnering with business to identify metrics.
- Oversee Risk Control Self Assessment control testing on behalf
of key stakeholders in compliance with risk management
- Establish strong working relationships across the FMA BURCO
team and other respective risk teams in Operations, IT, and Risk
- Bachelor's degree required.
- 5 plus years of financial services or accounting experience.
Three plus years of operational risk or audit experience.
- Knowledge of associated financial processes and controls.
Strong communication skills, oral and written, ability to interact
with all levels of management.
- Strong Excel, PowerPoint, and Visio skills.
- Experience with PeopleSoft General Ledger, Hyperion Planning
and OpenPages GRC platform and/or Archer is a plus.
- Familiarity with banking regulatory requirements for treasury
functions including Basel III, BSA AML, LCR, and Volcker compliance
requirements is a plus.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 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
Keywords: MUFG Union Bank, Tempe , Finance Operational Risk & Control , Vice President - Hybrid (AZ, NC), Accounting, Auditing , Tempe, Arizona
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