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Finance Operational Risk & Control , Vice President - Hybrid (AZ, NC)

Company: MUFG Union Bank
Location: Tempe
Posted on: September 24, 2022

Job Description:

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 reviews.
  • 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 processes.
  • 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 regulatory exams.
  • 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 policies.
  • Establish strong working relationships across the FMA BURCO team and other respective risk teams in Operations, IT, and Risk Management.Job Requirements:
    • 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 local law.#LI-Hybrid

Keywords: MUFG Union Bank, Tempe , Finance Operational Risk & Control , Vice President - Hybrid (AZ, NC), Accounting, Auditing , Tempe, Arizona

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