MUFG Union Bank Model Risk Manager, Vice President - Hybrid in Los Angeles, California
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.
This is a hybrid position. There are flexible work from home options available. A member of our recruitment team will discuss the options with you in more detail.
This quantitative analyst within the American Model Risk Management (AMRM) supports best-practice model risk activities consistent with the MUFG UB Model Governance Program. The models include those used within the various Business Units for supporting global market and trading, pricing, risk management, OTC derivatives, and FX.
Responsible for Independent Model validation and performance monitoring such as assessing the conceptual soundness, evaluating model assumptions and data integrity, testing model numerical, statistical, and/or computational accuracy, performing outcomes analysis, and reviewing model governance and control process.
Assess the mathematical, statistical, theoretical and conceptual soundness of each model.
Verify model performance, i.e. correct implementation, limiting behaving, and response to stress/extreme input condition-stress testing.
Support relationship with regulators and internal audit.
Typically requires an advanced degree in mathematics, finance, computer science, statistics, operational research, economics, or other quantitative fields.
5 to 7 years of experience within the financial services industry and/or equivalent academic experience.
Proven track record of strong technical model development, model validation, and/or model oversight in one or more of the following areas: global trading and capital market, interest rate risk management, asset & liability management, OTC derivatives pricing/risk measurement, VaR, P&L attribution, FX, back testing and stress testing.
Working knowledge in at least one of the following numerical and statistical tools: MATLAB, C, SAS, R, SQL, Visual Basic and Bloomberg.
Knowledgeable of model risk management and associated regulatory requirements such as OCC 2011-12 and Basel, Volker rule, FRTB a plus
Industry certifications a plus (e.g., CFA, FRM).
Excellent verbal and written communication skills.
Experience in CCAR, RiskMetrics, Calypso, Murex, QuIC, PolyPaths, FX is preferred
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.
Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.