Third Party Risk Management - Intake, Vice President

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 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.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Summary:

The Data & Financial Operations Governance VP will support the Chief Data & Financial Operations (CDFO) management team in preparing, tracking, facilitating, and executing Third-Party Risk Management (TPRM) governance activities with our business partners and lines of defense. In this role, you will lead the Third-Party Intake process where third-party risks are evaluated to determine what controls should be implemented during engagements.  In this role, you will liaise with various line-of-business and risk function SMEs across the firm to achieve objectives set by Governance Managers. An ideal candidate will have 7+ years of Third-Party Risk Management experience with increasing responsibility in a governance function or management consulting, as well as working knowledge of risk management practices, including but not limited to control documentation and assessment, control testing, issue remediation, process improvement and policy and procedure development. This position will be principally engaged in the evaluation of third-party risks as part of the intake process.  The candidate must have strong subject matter expertise in third-party and outsourcing risk management in financial services or other heavily regulated industries is preferred. This position requires deep understanding of including but not limited to CFR 12 – Part 30, Banks & Banking Safety and Soundness, Appendices B & D, as well as administrative pronouncements, and OCC Bulletin 2023-17, Interagency Guidance on Third-Party Relationships. Required ability to quickly get up to speed on other applicable rules and guidance impacting the TPRM program including those from agencies such as the FFIEC, the SEC, other U.S. regulators (e.g., NY Department of Financial Services), and foreign-based regulators (e.g., Japan’s Financial Services Agency, Canada’s Superintendent of Financial Institutions and those in Latin American).  This position also requires critical thinking skills to parse complex regulatory pronouncements into actionable components and contextualize the content in a manner that articulates the spirit and intention of the pronouncement while considering the practical impact on MUFG.

Responsibilities

• Evaluate third-party engagements for risks and work with subject matter experts to evaluate risk mitigation strategies as required, based on the contractual obligations of the third party.

• Monitor changes in regulations & regulatory guidance as well as introduction of new regulations & regulatory guidance in collaboration with Operational Risk Management partners.

• Assess the impact of new or changed regulations on existing governance documents by performing analytical comparisons or gap analyses in collaboration with Operational Risk Management partners.

• Review related Subject Matter Expert (SME) and Line of Business (LOB) policies and procedures to ensure consistency with enterprise standards.

• Participate in industry associations to gain insight on best practices around regulatory guidance interpretation and application.

• Participate in Comment Letter Process as a representative of MUAH providing feedback to the agencies when new rules or guidance are proposed.

• Participate as key stakeholder in Operational Risk Management annual policy review process.

• Support periodic updates on policy, standard, and procedures, performance, and results to division leaders and formal committees.

• Support ad hoc TPRM governance projects.

• Lead development, maintenance, and execution of governance processes by coordinating with key stakeholders and SMEs, and management.

• Monitor and test for compliance with policies and standards.

• Monitor and report status