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MUFG Union Bank Operational Risk Analyst, Assistant Vice President - Remote in Remote Worker, Arizona

Are you passionate about creating an exceptional client experience?

Discover your opportunity with Union Bank®, a division of the Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. At Union Bank, we have our clients’ best interest in mind and draw on more than 160 years of experience to understand their distinct needs to tailor our solutions. We’re part of 180,000 colleagues around the globe striving to be the world’s most trusted financial group, knowing that trust starts with a culture of putting people first and empowering you to achieve your potential.

Join Union Bank, where being inspired is expected and creating results is rewarded.

This is a remote position. A member of our recruitment team will discuss location preferences with you in more detail.

Job Summary:

The Operational Risk Analyst’s primary responsibility is to perform issue remediation validation, review and challenge issue descriptions, root cause analysis, and action plans, and conduct testing on controls related to risks within business area Risk and Control Self Assessments (RCSA) and Product and Service Risk Assessments (PSRA), as needed. You will complete comprehensive documentation to support validation/testing performed, and clearly articulate any issues discovered to business line management. Support the Business Unit Risk Managers (BURMs) and Division Risk Managers with all risk control testing activities related to the business divisions within the Regional Bank. Additionally, you will be responsible for supporting the Regional Bank testing team in assessing control design and monitoring control effectiveness through the performance of quality assurance procedures. Does this sound like you?

You should have the ability to thoroughly understand data in order to accurately assess and recommend key risk metrics to monitor where key risks are changing or additional controls are necessary. Actively assist with facilitating resolution processes with processing support areas and provide recommendations on process gaps. In addition, participate in assessing, tracking, and reporting results of various risk management activities, and Special Project coordination as the need arises.

Major Responsibilities:

Issue Validation and Testing

  • Following established standards, you will present clear and documented evidence of testing and analysis performed, as well as an accurate assessment of the results.

  • You will provide clear, concise, and accurate communication of any issues found in business management.

  • Perform risk research and analysis and formulate recommendations to make processes more efficient as well as identify trends and/or symptoms of process control breakdowns.

  • Clearly document testing procedures to evaluate control effectiveness, and identify control gaps, and communicate emerging risks.

  • Perform independent validation/testing procedures to assess control design and effectiveness.

  • Support documentation of validation/testing results in the system of record and partner with BURM testing staff and business divisions of any remediation activities, including documentation of action plans.

  • Ensure the success of remediation activities through effective process monitoring.

  • Participate in ad hoc working groups to address and resolve new areas of risk within the business scope as requested by BURM.

Documentation and Reporting

  • Inform line of business ratings as needed.

  • You will handle communication within business divisions (i.e., process support owners, product owners, Business Compliance Officer (BCO), and management as appropriate].

  • You will support BURM Issues Management staff in documenting, monitoring, and reporting on self-identified, audit, compliance, and regulatory issues.

  • Ad hoc or special project management participation responsibilities.

  • Respond to questions from business partners and senior management.


Education, Years of Experience, and Type of Work Experience

  • Typically requires a BA or BS degree.

  • You should have at least 5+ years of experience in risk management and/or internal audit functions within a financial institution.

  • Knowledge of operational risk management concepts and a background in risk and control self-assessment and data analysis skills and /or meaningful experience preferred.

  • Experience in developing, tracking, and analyzing risk-related assessments and functions.

Knowledge, Skills, and Abilities

  • Proficiency in Microsoft Office required.

  • Excellent interpersonal skills, both verbal and written.

  • Experience with a broad range of reporting tools (e.g., Business Objects) and prior project management experience is a plus.

  • Flexible and able to balance several priorities at once.

  • Strong analytical skills and good judgment.

  • Experience in financial institutions and finance organizations.

  • Experience in public accounting, audit, and/or professional services desired.

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 Union Bank, 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 some time reviewing them!

Our Culture Principles

  • Client Centric

  • People Focused

  • Listen Up. Speak Up.

  • Innovate & Simplify

  • Own & Execute