MUFG 2024 Summer Analyst Program: Risk Management - Hybrid/Irving, TX in Irving, Texas
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 160,000 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.
Summer Analyst Program Overview: (6/3/2024 8/9/2024)
The Risk Management Summer Analyst Program at MUFG is designed to help you learn how the Bank maintains a disciplined approach to identifying, assessing, managing, reporting, and mitigating risks.
Our 10-week Summer Analyst Program begins in early June and is structured to provide rising seniors with hands-on experience and business exposure in the world of Risk Management. You will be placed in a specific group that allows you to concentrate and quickly develop the skills and knowledge required to become an integral part of the team. You will work alongside MUFG professionals at all levels who will serve as your instructors and mentors. Interns also have the opportunity to attend learning sessions led by Americas Risk Management professionals in all of the Risk Disciplines at the bank. The Risk Program is designed to help you experience just what it’s like to manage risk within a Global Investment Bank.
In this role, the Analyst will have opportunities to interact with colleagues within Americas Risk Management and the Lines of Business and Products Owners while rotating through activities in their assigned area of a given risk discipline. With the goal of learning the components of the MUFG Risk Framework and how it is implemented within the Bank to effectively assess, monitor, and control risk. Additionally, the Analyst will have the opportunity to work on cross functional projects to gain insights into how the various risk frameworks intersect and support the overall management of risk at the Bank and support the strategic goals of MUFG.
Based on background, interest, and firm need – interns will be selected to work in one of the following areas:
Credit Risk: The risk of loss and reduction in capital, and weakened financial resiliency, arising from borrowers or counterparties not paying as agreed on loans or other contractual agreements.
Market Risk: The risk that changes in interest rates, foreign exchange rates, and other market risk factors will impact the value of certain assets or liabilities that the enterprise owns, and could result in losses that reduce profitability or negatively impact our capital cushion
Liquidity Risk: The risk that the enterprise will not have, or may simply be perceived as not having, enough cash, liquid assets, or fulfill liabilities to fund loans, pay operating expenses, or other contractual obligations as they come due
Interest Rate Risk: The risk that changing interest rates could adversely impact interest income from loans and other credit products and interest expense paid to depositors and other funding sources, potentially reducing net interest income and overall operating profit
Operational Risk: The risk from events which may have an adverse effect on current projected financial condition and resilience arising from inadequate or failed internal processes or systems, human error or misconduct, or adverse external events.
Compliance / Financial Crimes: The potential that events will have an adverse effect on current or projected financial condition and resilience arising from violations of, or non-conformance with, laws, rules, regulations, prescribed practices, internal policies and procedures, or ethical standards. Compliance risk also includes the risk of offering products and services, or engaging in practices, that may be perceived as harmful or negatively impactful to consumers.
Enterprise Risk Management: Risks resulting from reputational and strategic events. Also, encompassing Risk Governance functions such as risk appetite etc.
Quantitative Risk Control: The use of any Models invariably presents Model Risk, which is the potential for adverse consequences (e.g., financial loss, poor business and strategic decision-making, or damage to an organization’s reputation) from decisions based on incorrect or misused Model outputs and reports.
Support & Guidance
Your assigned mentor/manager will provide goals and professional development guidance and conduct performance reviews as a commitment to our summer Analysts. You will also have the opportunity to network with employees across different business groups and at all levels of the organization. In our open and inclusive environment, senior colleagues will know who you are and will see the work you do. You will leave with a better understanding of the world of risk management.
At the end of the program, the opportunity exists to receive an offer for full time employment upon graduation. Based on performance during the assignment, a percentage of the intern cohort will be placed in a three-year rotation program, while other offers may be considered for a role in the area where they completed their internship.
Chief Risk Office of the Americas
Graduating between December 2024 and Spring 2025
3.0 GPA or higher preferred
Strong interest in Banking/Financial Services/Risk Management
Pursuing a Bachelor’s degree in one of the following fields: Business, Finance, Economics, Accounting, Supply Chain Management, Data Analytics, Marketing or a related field
Coursework in microeconomics, macroeconomics, finance, business, or previous internship experience in the financial industry
Microsoft Suite proficiency (Excel, Word, PowerPoint, Outlook)
Process oriented with strong organizational, project management and multi-tasking skills
Ability to work autonomously and demonstrate execution in demanding situations
Clearly evidenced client service, interpersonal, and written/verbal communication skills
Ability to grasp concepts quickly and independently; interpret data, draw conclusions, and present findings effectively
Adapts well to changing priorities; learns new tasks and activities quickly
Applicants must be authorized to work in the United States on a permanent basis and not require visa sponsorship now or in the future. MUFG will not hire individuals for internships whose work eligibility is based on their F-1 or other limited student visa status
Experience with Tableau, SQL, Python, Microsoft Power BI, Infopath, and/or Sharepoint
Previous internships, volunteer, professional or academic club experiences
Knowledge of banking systems and practices, market factor or regulatory environment is a big plus
Experience in client servicing and requirements identification
Advanced Microsoft Office skills including Excel proficiency.
The typical base pay range for this role is $30 per hour. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays.
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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute