Operational Risk Management Business Coverage, Director - Corporate & Investment Banking and Operations

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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.

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.

Overall Purpose of Job:  

Reporting to the Head of Operational Risk Framework Execution and Business Coverage Teams, responsible for executing the second line of defense oversight and challenge program across all business activities managed in our Global Corporate and Investment Banking and Japanese Corporate Banking based business lines and our Enterprise Operations functions.    

Responsibilities:

• Leads a team that manages and overseas the risk within the assigned business coverage area
• Execute the Effective Challenge & Oversight Framework for assigned business coverage areas, including but not limited to:
  • Support deep dive reviews with the FLoD on significant risk events and operational losses
  • Identify with the FLoD applicable external losses and events for analysis and lessons learned
  • Participate as SLoD SME in business aligned scenario workshops
  • Participate in RCSA workshops and provide feedback in-line and post-execution to the FLoD
  • Analyze FLoD owned issues for common root causes, review issues per the Issue Management policies and standards and monitor resolution for assigned areas
  • Partner with FLoD to develop appropriate key metrics and monitor FLoD operational risk reporting and metrics for negative trends or escalation items
  • OMR SME reviewer for Product & Services risk assessments
• Perform sample-based framework compliance testing (e,g, QA, testing or monitoring)
• Provide advisory support for high-priority change initiatives
• Fulfil SLoD ORM roles defined by Risk Governance Processes (e.g Risk ID, Strategic Planning review, LoB RAS review and challenge, etc.)
• Oversee the development and production of periodic operational risk scorecards and reports that provide executive management a consolidated view of the assigned business lines' adherence to the operational risk framework in effectively managing risk as the bank's first line of defense and the second line of defense ORM’s view of the area’s operational risk profile and trend
• Lead or participate in structured Business Unit Review and 'business as usual' working meetings to foster a deep understanding of the business and changes that impact its operational risk profile. This participation forms a component of the Director's role in monitoring the operational risk profile of the Businesses
• Ensure the results of all work performed by the team is documented in accordance with pre-defined standards and is ready for third party review upon request
• As a Director and leader within the ORM SLoD team, contribute to the design of ORM Framework components. Coordinate with internal Operational Risk stakeholders to ensure that program expectations are well understood and incorporated into the business line review and challenge program and are consulted when differences in view of program requirements arise with the business line
• As a key partner to the FLoD, support the roll out and execution of ORM programs and applicable changes, including coordination with the ORM program leads and management of the enterprise execution calendar
• Support other initiatives periodically assigned by the Operational Risk leadership team

Qualifications:

• Bachelor’s degree in Business, Finance, Economics, Accounting, or related field.  MBA a plus.
• 12+ years’ experience in operational risk management, internal audit, consulting, regulatory or related field applicable to the business coverage areas described above
• Experience in control testing techniques and documentation
• Strong knowledge of operational risk regulatory expectations and industry practices
• Demonstrated ability to manage demanding workloads and prioritize deliverables
• Strong written and verbal communication skil