MUFG Union Bank Review and Challenge – Operational Risk Manager, VP in Los Angeles, California
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Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to medical and/or religious exemptions, if applicable. Should you be selected for an interview, your recruiter will provide additional information.
Reporting to Operational Risk Business Risk Assessment team lead (Regional Banking, Finance, Treasury, CCAR, Legal, Strategy, HR) responsible for executing the second line of defense Operational Risk Management business oversight and challenge activities across the Business Lines as assigned.
Support preparation and facilitation of the Business oversight meetings to review and discuss key operational risk topics (inclusive of emerging risks, critical initiatives, issues, etc.,) and related items to accurately understand the Business Lines risk profile and trend and provide oversight and meaningful challenges
Perform business risk assessment (i.e. oversight and challenge activities) to ensure that Business Lines and corporate functions have implemented and executed ORM programs (RCSA, Loss data, Scenario, KRM, Issue Management etc.,) in accordance with the firm 's policy, and various program requirements
Communicate issues/observations identified from the assessment with the Business Lines and provide recommendations/request the Business Line 's review and actions to remediate as necessary
Ensure the results of all work performed is documented in accordance with the program requirements (Procedures, Execution Guidelines and related) prior to due date, well supported with underlying details and is ready for independent review upon request
Support analysis and identification of root causes related to ORM programs, process and controls.
Work with the Business Line and the second line of defense (when applicable) to address those issues, measuring and tracking progress in remediation
Work with the second line of defense (e.g. ORM programs, Compliance, Fraud, Sales Practice, Information Risk Management, Business Continuity, and Third Party) in coordinating and executing on the above requirements
Prepare quarterly/periodic reporting of the Business Line ORM program execution that provide a clear and concise view of the Business Lines ORM program execution status and any issues/key items that may require management 's attention
Support the team lead/Program on Audit and or Regulatory exam preparation and review to address inquiries and submit the requested documentation/information adequately and timely
Stay abreast of industry developments in operational risk management/Banking industry in general to ensure the second line risk assessment and challenge program accounts for new practices
Support initiatives on development/enhancement of the program and or ORM related
Bachelor's degree in Business, Finance, Economics, Accounting, or related field; MBA preferred.
10 -15 years' experience in operational risk management, internal audit, management consulting or related field, including 3 years work related to risk management
Strong knowledge of operational risk management, regulatory requirements and industry practices
Strong knowledge in ORM Programs including (but not limited to): RCSA, Loss data, Scenario Analysis, KRM/KRI and Issue Management
Understanding of banking regulatory agency expectation/requirements on operational risk management
Strong ability to analyze data and trends and prepare meaningful reports
Experience in control testing techniques and documentation
Demonstrated ability to manage workloads and prioritize deliverables
Strong written and verbal communication skills
Strong oral / written communication skills. Comfortable presenting the results of the assessment to the Business Lines management and provide independent challenges when different view exists
Good interpersonal skills to build and manage relationships with Business Lines as well as various second line of defense groups
Strong work commitment and works well in a fast-paced and dynamic environment
Broad view of the financial services industry; previous working experience within Consumer and or Commercial Banking business risk management
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 in employment decisions on the basis of any protected category.
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.
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
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute