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Operational Risk Review and Challenge - Capital Markets, Vice President

Company: MUFG
Location: Charlotte
Posted on: July 22, 2021

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 (as ranked by S&P Global, April 2020). In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed, and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.


Job Summary:

Reporting to Operational Risk Review and Challenge – Markets and GCIB team Director, responsible for executing the second line of defense Operational Risk Management (“ORM”) review and challenge program across the Markets and GCIB business lines and other Business Lines as assigned.


Major Responsibilities:

  • Lead and facilitate the Business oversight meetings to review and discuss key operational risk topics (inclusive of emerging risks, critical initiatives, issues, etc.,) and related items to accurately understand the Business Lines risk profile and trend and provide oversight and meaningful challenges
  • Perform business risk assessment (i.e. oversight and challenge activities) to ensure that Business Lines and corporate functions have implemented and executed ORM programs (RCSA, Loss data, Scenario, KRM, Issue Management etc.,) in accordance with the firm’s policy, and various program requirements
  • Communicate issues/observations identified from the assessment with the Business Lines and provide recommendations/request the Business Line’s review and actions to remediate as necessary
  • Ensure the results of all work performed is documented in accordance with the program requirements (Procedures, Execution Guidelines and related) prior to due date, well supported with underlying details and is ready for independent review upon request 
  • Be a central point of contact when performing analysis and identify root causes related to ORM programs, process and controls. Work with the Business Line and the second line of defense (when applicable) to address those issues, measuring and tracking progress in remediation 
  • Work with the second line of defense (e.g. ORM programs, Compliance, Fraud, Sales Practice, Information Risk Management, Business Continuity, and Third Party) in coordinating and executing on the above requirements
  • Prepare quarterly/periodic reporting of the Business Line ORM program execution that provide a clear and concise view of the Business Lines ORM program execution status and any issues/key items that may require management’s attention
  • Support the team Director/Program on Audit and or Regulatory exam preparation and review to address inquiries and submit the requested documentation/information adequately and timely
  • Stay abreast of industry developments in operational risk management/Banking industry in general to ensure the second line risk assessment and challenge program accounts for new practices
  • Embrace organizational (and departmental) change by proposing and executing creative solutions to enhance identified barriers.
  • Propose continuous Improvement opportunities in the further development of the business aligned Operational Risk Review and Challenge Process.
  • Develop accurate understanding of the Business Lines risk profile and trend based on review of relevant information and understanding of the business, process, risk, and the control environment and provide oversight and meaningful challenges.
  • Contribute to any other projects or risk related activities as requested.


Interactions / Interpersonal Skills:

  • Strong oral / written communication skills. 
  • Comfortable presenting the results of review and challenge to the Business Lines management and provide independent challenges when different view exists.
  • Good interpersonal skills to build and manage relationships with Business Lines as well as various second line of defense groups.
  • Strong work commitment, ability to multi-task and works well in a fast-paced and dynamic environment.
  • Attention to detail.


Business and Technical Knowledge:

  • Broad view of the financial services industry.
  • Strong knowledge in ORM Programs including (but not limited to): RCSA, Loss data, Scenario Analysis, KRM/KRI and Issue Management.
  • Experience with control testing, audit background a plus.
  • Experience in risk reporting and preparing PowerPoint meeting materials.
  • Understanding of banking regulatory agency expectation/requirements on operational risk management.
  • Strong ability to analyze data and trends and prepare meaningful reports.


  • 10-15 years of experience in operational risk management, internal audit, management consulting or related field, including 7 years work related to risk management.
  • Strong knowledge of operational risk management, regulatory requirements, and industry practices.
  • Proven capability to initiate, execute, drive change, and create results.
  • Strong expertise with MS Office including Word, Excel, PowerPoint, and SharePoint.
  • Strong written and verbal communication skills.
  • Bachelor’s degree in Business, Finance, Economics, Accounting, or related field.  MBA preferred. A risk-based designation such as the CRMA (Certification in Risk Management Assurance), CRBA (Certified Risk Based Auditor), or other certified risk professional designation 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 in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.


Keywords: MUFG, Charlotte , Operational Risk Review and Challenge - Capital Markets, Vice President, Other , Charlotte, North Carolina

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