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MUFG Union Bank Division Risk Manager, VP in Chicago, Illinois

Division Risk Manager, VP - 10045353-WD


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.

Job Summary

Division Risk Managers are the first line of defense responsible for supporting and coordinating all disciplines (i.e., modules) of operational risk and controls within their divisions. These risks include but are not limited to information security, fraud, vendor management, business continuity, regulatory compliance, product risk and model validation. The Division Risk Manager will be the focal point of contact concerning matters of operational risk. Through the Business Unit Risk Manager (BURM), significant and emerging risks and their assessments will be communicated to the Division Risk Manager. The Division Risk Manager will assist the BURM in completion of Risk and Control evaluations for their division and manage remediation activities for control deficiencies.

Major Responsibilities:

The Division Risk Manager will either oversee or perform control/risk related activities. Assist BURM to build and maintain risk and control evaluations for all significant and emerging risks, including residual risk ranking and control deficiency remediation. Responsible for accurate and timely reporting of significant and emerging risks from the business unit view. Ensure that the appropriate level of risk and controls are documented in Open Pages. Participate in ad-hoc working groups to address and resolve new areas of risk within their area of responsibility. Responsible for ensuring that the resources dedicated to risk management within their area of responsibility are qualified and sufficient to efficiently and effectively carry out the required functions. Responsible for monitoring risk management activities to ensure that they are properly performed and completed for the units within their area of responsibility. Responsible for ensuring all those responsible for risk activities within the business unit are properly trained. Responsible for certification that the internal controls are designed properly and operating effectively. Responsible for identifying risk trends and/or symptoms of process control breakdowns and for keeping the BURM apprised of changes in inherent risk or control breakdowns/deficiencies that could impact residual risk. Assist business partners in reviewing risks evolving from various initiatives to ensure that operational risks are recognized, mitigated, reported and/or accepted. Review Bankwide procedures and policies for the Division as well as Division desktop procedures and ensure input from subject matter experts within the Division as appropriate. Act as liaison with the Information Risk Mgt. group and Compliance on behalf of the Division in consultation with the BURM and assist in resolving identified issues and monitor its resolution. Must be familiar with the policies and procedures related to each risk program.

In addition, this risk officer role will require strong experience in the below risk functions:


  1. Third Party Oversight

  2. Incident Root Cause Analysis/Trending

  3. Fraud

  4. Operational/Event Losses

  5. Risk Appetite

  6. BCP

  7. Process Design

  8. Control Design

  9. Policy/Regulatory Execution


Position location is flexible New Jersey, New York, San Francisco, Los Angeles, Pennsylvania, Virginia

  • Typically requires a BA or BS degree, seven years of experience in operational or enterprise risk management within a financial institution.

  • Excellent skills in risk assessment analysis and a solid understanding of business and financial markets.

  • Strong knowledge of the inherent risk in the business line.

  • Strong management skills, excellent communication skills, both oral and written and an ability to interact with all levels of management.

  • Ability to analyze risk trends and identify signs of changing risk levels.

The above statements are intended to describe the general nature and level of the 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 : Finance

Primary Location : ILLINOIS-Chicago

Other Locations : CALIFORNIA-Los Angeles, NEW YORK-New York

Job Posting : Jul 14, 2021, 10:00:02 AM

Shift: : Day

Schedule: : Full Time

Req ID: 10045353-WD