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MUFG Vice President, Operational Risk - Framework, Governance and Capital (12 month Fixed Term Contract) 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 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.

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 functions

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The role requires the applicant to provide assistance to the Operational Risk Management team to:

  • Act as a 2nd Line of Defence in the maintenance, development and implementation of the Operational Risk Management Framework and System.

  • Perform review and challenge of the Operational Risk Management data and identify / perform deep dives as required.

  • Facilitate scenario analysis for risk management and capital purposes (ICAAP)


The role requires the applicant within the Operational Risk Management team to:

  • Assist in the development and implementation of the operational risk framework across EMEA.

  • Provide a robust second Line of Defence challenge to ensure the wider effective identification and management of operational risk and control weaknesses by the business, support functions and the EMEA offices.

  • Provide independent broad assessment and monitoring of MUFG’s Operational Risk profile, through review of underlying operational risk data and reports.

  • Provide operational risk subject matter expertise, monitor and communicate the operational risk environment to management, and other key stakeholders.

  • Build and maintain close and continuous relationships with key individuals within the business and support functions, and ensure their knowledge of the Operational Risk Framework and system are managed.

  • Challenge the business and support functions to provide evidence that they are identifying, assessing, managing and reporting their operational risk appropriately.

  • Facilitate Operational Risk Scenarios for Risk Management and capital calculation including preparation and review of ICAAP



  • Experience of implementing operational risk management frameworks

  • Experience of IBM OpenPages / COGNOS or similar OpRisk System

  • Operational Risk Management experience as a 2nd line of defence providing analytical review and independent challenge

  • Experience of Operational Risk Scenario coordination.

  • Experience of drafting and reviewing ICAAP for Operational Risk.


Functional / Technical Competencies:


  • Strong analytical and writing skills

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

  • Experience of effective Operational Risk Management Framework

  • Experience of working with IBM OpenPages / COGNOS or similar OpRisk System

  • Good knowledge of banking products and front-to-back processes


  • Some experience/knowledge of banking regulation.

Education / Qualifications:


  • Strong academics and relevant professional qualifications / accreditations.


  • Excellent communication skills

  • Strong numerical skills

  • Excellent Microsoft Office 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

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.

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

  • Client Centric

  • People Focused

  • Listen Up. Speak Up.

  • Innovate & Simplify

  • Own & Execute