Senior Associate Director, Operational Risk, Risk Assessments

Company Description

About MUFG Investor Services:

MUFG Investor Services provides asset servicing solutions to the global investment management industry. Leveraging the financial and intellectual capital of MUFG – one of the largest banks in the world with $2.8 trillion in assets – we provide clients access to a range of leading solutions from fund administration, middle-office outsourcing, custody, foreign exchange, trustee services and depository to securities lending and other banking services.

With a diverse and dynamic network of offices across the globe, MUFG Investor Services provides challenging and rewarding careers. We achieve this by offering continuous learning and development, collaborative team work environment, promotion of work-life integration, and exposure to a wide variety of work.

Imagine your future at MUFG Investor Services where you can grow professionally, in a diverse and inclusive workplace that rewards your contribution. 

#LI-Hybrid

Job Description

The Associate Director, Operational Risk, Risk Assessments is accountable for supporting the Director, Operational Risk and the Head of Risk in overseeing the successful implementation and execution of the Operational Risk Management Framework, specifically with regards to change risk associated with new products and services as well as risk associated with Business-As-Usual processes (BAU).

The Associate Director, Operational Risk works closely with all parts of the organization and supports the wider senior management team in managing the risk associated with material changes and new products or services as well as BAU processes. This includes conducting 2nd line of defense challenge on risk assessments compiled by project, program, department or process as required, challenging completeness of risks identified, adequacy of risk ratings applied, identification of gaps and appropriateness of action items. As required, the Associate Director, Operational Risk will support 1st line in their preparation of risk self-assessments and their submissions to the Risk Committee for approval

In addition, this role will be involved in other Operational Risk work as required, including Scenario Analysis, Risk Events, Action items administration and tracking, preparation of reporting to the Risk Committee and Boards, various ad-hoc or special risk projects, as well as in promoting and supporting the risk culture in line with the Risk Management Framework.

• Conduct and coordinate Change Risk Assessments and other Risk and Control Self-Assessments by reviewing project submission data and challenge and track progress to promote accurate and timely representation to the Risk Committee.
• Coordinate the action plan monitoring and follow-up program and prepare relevant reporting and tracking dashboards for board and committee reporting.
• Enhance reporting and tracking mechanisms as required utilizing the risk system and other data repositories and reporting tools
• With support of the Director of Operational Risk Build manage relationships required for successful project management
• Prepare and review of periodic Risk and Control Self-Assessments of Operational Activities/Departments and Third Party Provider Risk Assessments
• Scenario Analysis, Risk Events, Key Control Testing, as well as any deep dive risk assessments or other projects as directed
• Support other risk departments as required for risk assessment or program enhancements
• Communicate, interpret, and implement Risk Management policies & procedures
• Collate and present training programs as required to stakeholders
• Produce various periodic and ad-hoc Operational Risk Reporting including statistical/trend analysis, remediation tracking and KPI / KRI management
• Work on rectifying operational errors, resolving the error at hand and tracking the implementation appropriate protocols to mitigate the risk of reoccurrence
• Assist Internal Audit and Operations with general risk assessment and management
• Support client RFP/DDQ requirements and documentation as required.
• Study new and emerging international regulations and their application, reporting on the requirements and how they affect the business, and implementing processes to satisfy these requirements
• Work with the Director, Operational Risk and the Head of Risk to continuously assess and improve the control environment

Qualifications

• Post-secondary degree in accounting, finance, law, economics, business or a related discipline
• Professional qualification in risk or a related discipline would be preferred
• Accredited Project Management Qualification preferable
• 7+ years’ experience in risk and project management in a financial institution or comparable experienc