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MUFG Union Bank Analyst, Enterprise Risk Management EMEA in London, United Kingdom

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. Across the globe, we’re 180,000 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.

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 offices in more than 50 markets. The Group has over 180,000 employees, and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

MUFG aims to be the world’s most trusted financial group through close collaboration among its operating companies, and to respond to all of the financial needs of its clients, serving society, and fostering shared and sustainable growth for a better world.

MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

Please visit our website for more information - mufgemea.com.

Enterprise Risk Management (ERM) is responsible for supporting the EMEA Chief Risk Officer to implement an effective risk governance framework across MUFG EMEA, and providing a holistic view of the risks facing MUFG in EMEA, including environmental and social risk management. The department additionally performs risk appetite monitoring and reporting; scenario stress testing and capital adequacy assessments; recovery and resolution planning; model risk management; and new business and product risk governance.

The Governance team within ERM is responsible for developing and maintaining the effectiveness of the risk management framework in EMEA, implementing the risk appetite of senior managers and the Board of Directors through risk policies and ensuring that top and emerging risks are identified and managed working with stakeholders across EMEA.

NUMBER OF DIRECT REPORTS

0

MAIN PURPOSE OF THE ROLE

  • Support the Head of ERM and the Risk Governance team in preparing key information for the Chief Risk Officer to update senior management on the risk profile including top and emerging risks.

  • Contribute to embedding a healthy risk culture within the organisation

  • Support the development and maintenance, with relevant risk specialists, international, regional and local risk policies, relevant procedures, and relevant risk committees to support the Risk Management Framework.

  • Support wider ERM reporting and monitoring, including daily Product Risk Management, Recovery and Resolution, daily Back-testing of P&L and VaR and monthly Risk Appetite for inclusion in appropriate committee presentation materials.

  • Pursue the objectives of the department by carrying out the personal objectives agreed from time-to­ time with the Chief Risk Officer and/or Head of ERM

KEY RESPONSIBILITIES

  • Support the effective running of the monthly Risk Management Committee including preparation of materials including the coordination of the Top & Emerging Risk Report and EMEA Risk Heat-map.

  • Support coordination activities in the Product Risk Management approval process for EMEA.

  • Support the development of clear, relevant and accurate risk information to ensure CRO provides relevant information to relevant governance committees.

  • Support senior management self-assessments of adherence to policy

  • Develop consistency of Risk Management framework between Bank and Securities covering risk identification, assessment, management and reporting.

  • Enhance risk governance framework to ensure appropriate challenge, oversight and escalation of business risks, whilst ensuring efficiency and effectiveness of sub-committees and other forums

  • Run the daily back-testing report to assess P&L against Value at Risk (VaR) working with Product Controllers to reflect any adjustments to attributions and escalate any outliers to the Head of ERM in a timely manner.

  • Run the daily Recovery Trigger Monitoring report and monthly Risk Appetite Dashboard for use in the appropriate risk committee.

  • Support the coordination of the review of public financial risk disclosures, including year-end financial statements, with input from across the various risk types

  • Support coordination of regular training in relation to risk and provide transparency over activities and priorities

  • Support the reviews of the international and EMEA policies to ensure that they remain fit for purpose, accessible and implement new policies as appropriate, ensuring appropriate stakeholder communication

  • Develop strong relationships with key stakeholders within EMEA, International and Tokyo HQ and support the wider EMEA Network and responsibilities for MUS(EU) under the SLA

  • Ensure timely remediation of audit points.

  • Identity and implement opportunities to enhance the overall risk management governance structure.

  • Support the development and delivery of ad-hoc project work (e.g. implementation of new regulatory requirements and/or new internal initiatives from Head Office).

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential:

  • A strong interest in risk management (e.g. risk assessment, risk governance, reporting, policies, risk appetite).

  • An appreciation of what constitutes a positive risk culture.

  • Some knowledge of banking and/or investment banking services/global markets products and services.

  • Strong analytical and writing skills.

  • Strong Microsoft Office skills.

Preferred:

  • Relevant experience of risk management within a financial institution.

PERSONAL REQUIREMENTS

  • Excellent communication skills

  • Results driven, with a strong sense of accountability

  • A proactive, motivated approach.

  • The ability to operate with urgency and prioritise work accordingly

  • Strong decision making skills, the ability to demonstrate sound judgement

  • A structured and logical approach to work

  • Strong problem solving skills

  • A creative and innovative approach to work

  • Excellent interpersonal skills

  • The ability to manage large workloads and tight deadlines

  • Excellent attention to detail and accuracy

  • A calm approach, with the ability to perform well in a pressurised environment

  • Strong numerical skills

  • Excellent Microsoft Office skills

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

  • The role holder will have responsibilities for both MUFG Bank, Ltd. and MUFG Securities EMEA plc.

  • The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.

  • The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank, Ltd. and MUS.

  • Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank, Ltd. and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank, Ltd. and MUFG Securities EMEA plc.

  • The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank, Ltd. and MUFG Securities EMEA plc, escalating to their manager where required.

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.

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