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MUFG Union Bank Business Unit Risk & Control Manager - Vice President - Hybrid (NC/AZ) in Tempe, Arizona

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.

As the Business Unit Risk & Control Manager, you will work with other team members to partner with Fraud, Data Management and Transactions Services teams to drive effective risk and control management. This individual is responsible for assessing the operations risk and control environment, identifying improvement opportunities, reporting and monitoring key risk metrics and providing governance with respect to all risk and control matters.

Business Unit Risk Managers are the first line of defense responsible for supporting and coordinating all disciplines (i.e., modules) of operational risk and controls across their divisions.

These modules include but are not limited to: information security, human resources, Sarbanes-Oxley, fraud, vendor management, business continuity, compliance, product risk and model validation. Business Unit Risk Managers will participate on an operational risk management committee that will include subject matter experts from each module to identify significant and emerging risks and assess their importance to the bank as a whole. The liaison between the business units and Operational Risk Management and Compliance, perform risk and control evaluations and manage remediation activities for control deficiencies, and provide risk reports across their divisions.

Major Responsibilities:

  • Build and maintain risk and control evaluations for all significant and emerging risks, including residual risk ranking and control deficiency remediation.

  • Responsible for accurate and timely reporting of significant and emerging risks from the business unit view.

  • Provide the module subject matter experts with the business unit perspective for risk identification and risk assessments, including emerging risk.

  • Ensure that the appropriate level of risks and controls are documented in Risk Resolve.

  • Participate on the Operational Risk Management Committee to proactively assess and respond to emerging risks.

  • Participate on ad-hoc working groups to address and resolve new areas of risk within their area of responsibility

  • Responsible for ensuring that the resources dedicated to risk management within their area of responsibility are qualified and sufficient to efficiently and effectively carry out the required functions.

  • Responsible for monitoring to ensure that risk management activities are properly performed and completed for the units within their area of responsibility.

  • Responsible for ensuring all those responsible for risk activities within the business unit are properly trained.

  • Responsible for certification that the internal controls are designed properly and operating effectively.

  • Responsible for identifying risk trends and/or symptoms of process control breakdowns.

  • Responsible for keeping the Business Executives apprised of changes in inherent risk or control breakdowns/deficiencies that could impact residual risk.

  • Drive implementation and sustainment of operational control framework

  • Evaluate and benchmark operations process execution against outstanding standards

  • Manage the execution of front line controls self-assurance and risk assessment activities (ad hoc controls review, business process management (BPM), risk and control self-assessments (RCSA)) and independent risk and audit activities as needed

  • Consult on controls design and efficiency with technology partners in support of their commitments to align with all applicable laws, regulations, and internal policies and procedures

  • Drive risk culture; influence self-identification and disclosure of control self-assurance gaps

  • Ensure gaps are addressed via remediation plans that adhere to issues management mandates: timely issue and corrective action submission, accurate root cause identification, corrective action monitoring, on time closure, no failed validations, and no repeat issue

  • Monitor and evaluate emerging risk, internal operational trends, and external risk events for potential impact to control environment

  • Prepare risk analysis and risk mitigation recommendations

  • Support operations: Fraud, Data Management and Transactions Services risk governance by ensuring our control environment performance is reported and has risk management plans in place for critical issues

  • Support the preparation of risk and controls governance materials as needed

Knowledge, Skills and Other Qualifications Required

  • Typically requires a BA or BS degree, 10+ years’ experience in operations management within a financial institution

  • 6-8 years experience in operations risk and control or audit function

  • 6 plus years of experience in operational risk management, (Includes operations, operational risk management, compliance, audit, and third party risk management), or a combination thereof, or other highly regulated environment

  • Excellent skill in risk assessment analysis and a solid understanding of business and financial markets. Strong knowledge of the inherent risk in the business line

  • Strong management skills, excellent communication skills, both oral and written, and an ability to interact with all levels of management

  • Ability to analyze risk trends, identifying signs of changing risk levels

  • Must have an understanding of their respective business areas

  • Experience with executing risk assessment/testing methodologies evaluating the adequacy and efficiency of internal controls; and identifying issues resulting from internal and/or external compliance examinations

  • Experience with risk metrics definition and reporting/scorecard development utilizing key risk metrics tools (IBM Open Pages, Tableau, structured query language (SQL), Access etc.)

  • Experience in creation and review of work papers to document testing and/or issue closure, and experience in the management of regulatory matters

  • Experience with automating and/or the ability to conceptualize automated control solutions

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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.

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