Risk & Controls Testing & Assessment, VP

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

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. 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.

This is a hybrid position. The selected colleague will work at an MUFG office or client sites up to four days per week and work remotely the remaining day(s). A member of our Talent Acquisition team will provide more details.

In this role you will focus on the execution of RCSA Control Testing in alignment with the Bank's RCSA Program for control design and operating effectiveness testing.  Responsibilities include review of new and existing controls to ensure control design is effectively documented to support risk mitigation, evaluate control execution for operating effectiveness testing, draft testing steps for control testing execution, and ensure effective documentation is retained to support testing outcome. 

As part of an effective risk and control framework, Operations documents and executes risk and control testing responsibiolites  across processes owned by Operations.  There is a comprehensive coverage and joint accountability model that promotes early identification and assessment of operational risk, effective design and evaluation of controls, and sustainable solutions to mitigate operational risk.

Responsibilities

• Support the execution and documentation of  Operational Control testing for in-scope processes across the  First Line of Defense (FLoD) business units

• Partner with stakeholders, including process owners and control officers, to document controls, enhance control language, and develop/maintain test scripts that validate controls are being performed in compliance with bank policies, procedures, and regulatory requirements to mitigate operational risk to the firm

• Execute testing of RCSA controls based on internal and industry standards and guidelines for design and effectiveness

• Participate in control execution  walkthroughs and prepare workpapers

• Coordinate control testing activities, including logistical scheduling and document retrieval to support control testing in accordance with internal requirements

• Liaise with risk assessment team and other stakeholders to ensure control testing is in alignment with broader risk assessment activities

• Create synergies by identifying opportunities to repurpose control testing results to satisfy assessment requirements across the bank

• Develop and distribute status reporting and communication related to control testing activities

• Provide ongoing communication to internal stakeholders throughout the testing process to keep them apprised of progress and findings, escalating when appropriate

• Prepare written reports that summarize the objectives, scope, findings, and conclusions for each assigned review

• Support iterative review and challenge of assessment results, working with appropriate stakeholders across the lines of defense

• Coordinate required meetings, reviews, and scheduling needs

• Prepare materials for ongoing team meetings and meetings with senior management    

Qualifications

• Bachelor's degree in Finance, Information Systems or equivalent preferred

• Preferred: degree from a competitive school, demonstrating a strong academic and extracurricular track record

• 5-6 years of experience in risk and controls

• 2-5 years of experience in operational risk and controls performing audit and control checks or implementation of control measures

• Experience with process documentation, risk and control assessments, and designing/executing control testing scrips

• Understanding of the regulatory environment and regulations related to bank products and services, and Office of the Comptroller of the Currency (OCC) and Federal Reserve Board (FRB) expectations

• Experience with problem solving in a team environment by thinking outside of the box and providing innovative solutions, with and without technology

• Experience in wor