Risk Management & Controls, Vice President
Company: MUFG
Location: Tempe
Posted on: March 18, 2023
Job Description:
Do you want your voice heard and your actions to count?Discover
your opportunity with Mitsubishi UFJ Financial Group (MUFG), the
6th largest financial group in the world. Across the globe, we're
160,000 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.
The selected colleague will work at an MUFG office an average of
two to three days per week with the remainder worked remotely.In
this role you will focus on internal and external compliance
requirements, activities, and deliverables to ensure that
Operations & Technology meets regulatory and audit milestones.
Responsibilities include engaging with regulators and/or leaders
from other functions, including audit and compliance, and
collaborating with Operations & Technology colleagues to prepare or
review content prior to submission and manage follow-up actions;
establishing processes, templates, and stakeholder matrices for
activities; creating roadmaps aligned to recurring and ad hoc
milestones; ensuring stakeholders execute appropriately and meet
milestones on time; tracking, escalating, and/or remediating risks
and issues; and developing and executing executive-level
reporting.This role is a key member of a first line risk and
controls team aligned to a specific operations business. You will
work with other team members to partner with operations teams to
drive effective risk and control management. The teams are
responsible for assessing the operations risk and control
environment, identifying improvement opportunities, reporting and
monitoring key risk metrics and providing governance with respect
to all risk and control matters.
- Drive implementation and sustainment of Operations control
framework
- Manage the execution of front line controls self-assurance and
risk assessment activities (ad hoc controls review, business
process management (BPM), risk and control self-assessments (RCSA))
and independent risk and audit activities as needed
- Consult on controls design and efficiency with Operations
partners in support of their commitments to align with all
applicable laws, regulations, and internal policies and
procedures
- Drive risk culture; influence self-identification and
disclosure of control self-assurance gaps
- Ensure gaps are addressed via remediation plans that adhere to
issues management mandates: timely issue and corrective action
submission, accurate root cause identification, corrective action
monitoring, on time closure, no failed validations, and no repeat
issue
- Monitor and evaluate emerging risk, internal operational
trends, and external risk events for potential impact to control
environment
- Prepare risk analysis and risk mitigation recommendations
- Support Operations risk governance by ensuring our control
environment performance is reported and has risk management plans
in place for critical issues
- Support the preparation of risk and controls governance
materials as neededQUALIFICATIONS:
- Undergraduate degree plus 8 years in operational risk
management, internal audit or related roles
- Preferred: professional certifications related to risk
management.
- 6-8 years experience in operations or IT risk and control or
audit function
- 6 plus years of experience in operational and/or IT risk
management, (Includes operations, operational risk management,
compliance, audit, and third party risk management within
technology and/or information security), or a combination thereof,
or other highly regulated environment
- Deep working experience with regulations applicable to the
banking and finance industry required
- Deep understanding of financial institution processes,
products, and risk
- Preferred: knowledge in Payments areas including, but not
limited to: wires, ACH, check and commercial card
- Preferred: ""Big Four"" audit experience
- Preferred: experience in a project management role
- Understanding of controls design and monitoring
- Knowledge and implementation experience with industry best
practices and frameworks
- Knowledge of critical domestic and international banking
regulations and experience with enforcement agencies oversight
activities (regulatory examinations, matters requiring attention
(MRAs), consent orders, etc.) within a global systemically
important financial institution's operations environment
- Experience with executing risk assessment/testing
methodologies, evaluating the adequacy and efficiency of internal
controls; and identifying issues resulting from internal and/or
external compliance examinations
- Experience with process documentation, risk and control
assessments, and designing/executing test scripts
- Understanding of the regulatory environment and regulations
related to technology risk, and Office of the Comptroller of the
Currency (OCC) and Federal Reserve Board (FRB) expectations
- Experience with executing risk assessment/testing methodologies
evaluating the adequacy and efficiency of internal controls; and
identifying issues resulting from internal and/or external
compliance examinations
- Experience with risk metrics definition and reporting/scorecard
development utilizing key risk metrics tools (IBM Open Pages,
Tableau, etc.)
- Prior supervisory and/or management role with a focus on talent
development
- Experience in creation and review of work papers to document
testing and/or issue closure, and experience in the management of
regulatory matters
- Experience with automating and/or the ability to conceptualize
automated control solutions
- Excellent communication, presentation, and influencing skills,
and ability to manage stakeholders across multiple disciplines
- Excellent analytical, organizational, and conceptual
skills
- Ability to work effectively in team environment, and influence
across all interpersonal levels, where flexibility, collaboration,
adaptability, challenge, and influence are important
- Strong planning and organizing skills; ability to multitask and
deal with varied workload
- Ability to demonstrate an analytical approach to problem
solving. Identify, analyze and apply/recommend practical
solutions
- Ability to manage multiple priorities concurrently, prioritize,
and efficiently complete responsibilities while maintaining the
highest quality
- Ability to support work streams with sometimes limited
oversight/information from inception to completion
- Experience with problem solving in a team environment by
thinking outside of the box and providing innovative solutions,
with and without technology
- Ability to identify obstacles and work in conjunction with
others to identify options/solutions
- Ability to constructively work both independently and in
collaborative environments involving all levels of management and
employees
- Strong work ethic, ability to make decisions, and work under
tight deadlines; achievement-oriented and takes initiativeThe
typical base pay range for this role is between $115K - $150K
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.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, Tempe , Risk Management & Controls, Vice President, Executive , Tempe, Arizona
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