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MUFG Union Bank Vice President Operational Risk Management 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.

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.

Please visit our website for more information -

The Operational Risk Management 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




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

  • Act as a 2nd Line of Defence in performing review and challenge the Operational Risk Management processes, controls and systems implemented by the front office and support/control functions.

  • To assist in the maintenance, development and implementation of the Operational Risk Management framework;


MUFG Securities EMEA

  • Active participation in, and development of, the operational risk framework across EMEA.

  • Participate in the delivery of the operational risk system implementation.

  • Support and contribute to the development and delivery of the medium to long term objectives/actions within the operational risk framework.

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

  • Provide operational risk subject matter expertise, and 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 control weaknesses and concerns are addressed proactively.

  • Ensure the business and support functions understand the operational risk framework and tools to identify, assess, manage and report their operational risks.

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

  • When required, supervise more junior members of the team in second line oversight, business-as-usual (BAU) activities and change initiatives.

  • Support initiatives to strengthen the governance and develop a robust reporting mechanism for the business incorporating appropriate escalations as required.

  • Ensure compliance with organisation’s governance policies and procedures.

  • Evaluate the Operational Risks of New Products / Change Projects.

  • Assist in creation and maintenance of a good 3LoD model and embedding the risk culture across EMEA.

  • Provide independent assessment and monitoring of MUFG’s Operational Risk profile, through:

  • Incident management and post incident reviews;

  • Weekly review of KRIs and KCIs;

  • Tracking of progress issues and actions;

  • Monitoring of key controls;

  • Monthly reporting to senior governance committees;

  • Quarterly root cause analysis;

  • Review and monitoring Risk and Control Self-Assessments



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

  • Experience in undertaking front to back RCSAs, Risk Acceptance, Issues & Actions and Incident Management.

  • Proven ability to understand, identify, analyse and communicate clearly the operational risks within processes.

  • Proven experience in applying legal/regulatory guidance into solving practical problems.

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

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

  • Experience in Thematic Reviews, Controls Testing & Assurance, Product Governance and delivery of training.


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

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


Functional / Technical Competencies:


  • Hands-on experience of effective Operational Risk Management

  • Good knowledge Banking products and front-to-back processes

  • Strong analytical and writing skills

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


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

  • Experience of IBM OpenPages / COGNOS

Education / Qualifications:


  • Strong academics and relevant professional qualifications / accreditations.


  • Excellent communication and interpersonal 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.