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MUFG Union Bank Vice President, Operational Risk 12 months FTC 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.

  • OVERVIEW OF THE DEPARTMENT/SECTION We are MUFG. 360 years of heritage. A world-class set of businesses. And more than 180,000 employees in 50 markets. It’s no surprise that MUFG has grown to become one of the top five banks in the world. Our services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG offers stability in an ever-changing market, providing services to high-profile clients worldwide.Our vision? To become the world’s most trusted financial group. You’ll help us achieve it. The Operational Risk Department is part of the firm’s Risk Management function and provides second line Operational Risk oversight for the firm’s front office and support / control functionsPlease visit our website for more information - mufgemea.com NUMBER OF DIRECT REPORTS None MAIN PURPOSE OF THE ROLE The role requires the applicant to have responsibility for design and implementation of remediation activities for Operational Risk Management and the broader Risk Management team on a series of regulatory projects with key initial emphasis on global remote booking.

  • Design. Ensure that all required documents, approvals, material, control changes, training requirements related to remediation activity are completed to quality and time as per design

  • Implementation . To work across Risk and other departments and with the PMO to ensure that a range of remediation actions are implemented as required

  • KEY RESPONSIBILITIES Remediation Design & Implementation

  • Managing design of artefacts required to meet regulatory/remediation requirements relating to Booking including:

  • Booking Framework Document

  • Supporting Controls & Metrics

  • Inventory & Register

  • Training Plan & Material

  • Reporting & Governance

  • Managing relationships with range of internal stakeholders from 1LoD and 2LoD

  • Assisting and supporting external SME

  • Working with the PMO on project delivery and ensuring quality material provided for Steering Committees & Working Groups

  • Ensuring that Head of Operational Risk is fully briefed and updated on all deliverables and working across Operational Risk and broader Risk team in relation to deliverables

  • Become an SME on PRA Paper ‘5/21 ‘Governance of Foreign Banks Documentation’

  • Ensuring oversight and implementation of project deliverables operationally within the organisation

  • WORK EXPERIENCE Essential:

  • Excellent knowledge and experience of risk management and its application within Financial Services.

  • Proven and successful completion of remediation projects including delivery of a range of activities

  • Excellent written English skills and experience of drafting policies

  • Solid technical and functional knowledge of financial services internal rules and policies.

  • Ability to facilitate smooth communications between functions and regions where required.

  • Booking/Cross Border Frameworks

  • Preferred: Experience of working with Securities banking products such as derivatives, equities, fixed income, FX, as well as supporting processes such as risk management, profit & loss, settlements and lifecycle processes.

  • Good understanding of the overall operational processes within the financial services industry.

  • SKILLS AND EXPERIENCE Functional / Technical Competencies: Essential

  • Evidence of execution or regulatory programmes and frim wide remediation projects

  • Excellent communication and organisational skills

  • Hands-on experience of effective Operational Risk Management

  • Good knowledge Sales & Trading products and front-to-back processes

  • Strong analytical and writing skills

  • Strong Microsoft Office skills – Excel (data manipulation), PowerPoint.

  • Preferred:

  • FX, as well as supporting processes such as risk management, profit & loss, settlements and lifecycle processes.

  • Good understanding of the overall operational processes within the financial services industry

  • Some experience/knowledge of Regulatory Risk and working closely / partnering with Compliance

  • Education / Qualifications: Essential

  • Strong academics and relevant professional qualifications / accreditations.

  • PERSONAL REQUIREMENTS

  • Excellent communication and interpersonal skills

  • Excellent written English language skills

  • Results driven, with a strong sense of accountability

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

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

  • A structured and logical approach to work

  • Strong problem solving and numerical skills

  • A creative and innovative approach to work

  • The ability to manage large workloads and tight deadlines, and prioritise accordingly

  • Excellent attention to detail and accuracy

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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