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MUFG Union Bank Model Risk Vice President in Charlotte, North Carolina

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.

Position Summary:

The Vice President Audit position is a staff role within the Internal Audit for the Americas function. It reports to either a Director or a Senior Audit Manager. The position is primarily responsible for completing quality work within assigned timeframes and budgets. This is generally the execution of assigned audits, including planning, fieldwork, reporting, and issue tracking and follow-up.

Primary Responsibilities:

  • Review quantitative modeling processes of Credit Risk Management, Capital Markets, Stress Testing (from scenario generation, to models and analytical tools and to ratio calculations); and validations of development, implementation and ongoing monitoring.

  • Review model risk management on stress testing model use scope and limit-setting, remediation of validation findings, and ongoing monitoring processes.

  • Provide Subject Matter Expert (SME) support on stress testing analytics (Credit, Equity, Market, Operation, Balance Sheet and PPNR) in other cross-matrix Internal Audit engagements.

  • Ability to run audits, lead projects and participate in audit assignments in a team environment to ensure on-time delivery and quality control.

  • Partner with colleagues, clients and control community members to evaluate, test and report on the adequacy and effectiveness of management controls. This is conducted in accordance with department policies and procedures, industry professional standards and supervisory rule and guidance (e.g. SR 12-7, SR 11-7 / OCC 11-12); and will require periodic reporting to senior client management.

  • Interact and maintain relations with regulators and internal clients.

  • Some travel may be required.

Qualifications

Qualifications

  • Bachelor’s Degree or/and MA/MS/Ph.D. level in analytical fields (Finance, Economics, Statistics, Engineering)

  • 4 to 8 year of experience in stress testing, risk modeling (credit loss and OTTI) and/or financial modeling (PPNR and Balance Sheet)

  • Strong quantitative skills, e.g. probability theory, functional analysis, partial differential equations

  • Hands-on model development or validation experience with a solid grasp of risk and control framework in the end-to-end stress testing process

  • Exposure to wide variety of bank products and derivatives, balance sheets, risk analytics, validation methodologies and regulatory requirements

  • Highly organized for effective time management and attentive to detail in project management.

  • Excellent written and verbal communication skills

  • Strong leadership, interpersonal, and relationship management skills

  • Detailed knowledge and experience of model development/validation with capital/risk/derivative pricing models across multiple asset classes

  • Some experience in financial services or in public accounting firms, with an appropriate level of exposure to and involvement with the products related to Credit Lending, Trading and Treasury businesses.

  • Internal audit experience 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.

Job: Audit

Primary Location: NORTH CAROLINA-Charlotte

Schedule Full Time

Shift Day

Req ID: 10041345-WD

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