Risk Management & Controls, Vice President
Company: MUFG Bank, Ltd.
Location: Charlotte
Posted on: January 26, 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 meets regulatory and audit milestones. Responsibilities
include engaging with regulators and/or leaders from other
functions, including audit and compliance, and collaborating with
Operations - 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.RESPONSIBILITIES
- Drive implementation and sustainment of operational control
framework
- Evaluate and benchmark technology process execution against
outstanding standards
- 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 technology
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 technology 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, or related roles
- Preferred: professional certifications such as Certified
Internal Auditor (CIA), etc, or relevant professional
certifications
- 6-8 years of experience in operations risk and control or audit
function
- 6 plus years of experience in operational risk management,
(Includes operations, operational risk management, compliance,
audit, and third party risk management), or a combination thereof,
or other highly regulated environment
- Knowledge of critical domestic and international banking
regulations (Reg W, Basel II, Federal Financial Institutions
Examination Council (FFIEC), General Data Protection Regulation
(GDPR), etc.) and experience with enforcement agencies oversight
activities (regulatory examinations, matters requiring attention
(MRAs), consent orders, etc.) within a global systemically
important financial institution's information technology and
information security environments
- 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 operational risk, and Office of the Comptroller of the
Currency (OCC) and Federal Reserve Board (FRB) expectations
- Combined experience in external audit, internal audit, and
operational risk
- Experience with risk metrics definition and reporting/scorecard
development utilizing key risk metrics tools (IBM Open Pages,
Tableau, structured query language (SQL), Access etc.)
- 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 solutionsThe typical base pay range for this role
is between $115K - $145K 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 Bank, Ltd., Charlotte , Risk Management & Controls, Vice President, Executive , Charlotte, North Carolina
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