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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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