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MUFG Union Bank Review and Challenge – Operational Risk Analyst, AVP - Hybrid (AZ, CA, NC, NY TX) 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.

Overall Purpose of Job:

Reporting to Operational Risk Review and Challenge – Regional Bank team lead, responsible for supporting and executing the second line of defense Operational Risk Management (“ORM”) review and challenge program across the Regional Bank and other Business Lines as assigned.


  • Assist core review 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

  • Develop accurate understanding of the Business Lines risk profile and trend based on review of relevant information and understanding of the business, process, risk and the control environment and provide oversight and meaningful challenges;

  • Support result reporting and monitoring/tracking of findings identified from review and challenge activities with the Business Lines

  • For assigned tasks, 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 the team and or the program analysis and identify root causes of where ORM program requirements are not being met

  • Work with the Business Line and the second line of defense (when applicable) to address those issues, measuring and tracking progress in remediation

  • Support preparation of 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 organize supporting evidence for timely submission of requested information

  • Stay current of industry developments in operational risk management/Banking industry in general and continue develop expertise and knowledge

  • Support initiatives on development/enhancement of the program and or ORM related


  • General understanding of the financial services industry; previous working experience within Retail and or Commercial Lending space a plus

  • Working 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

  • Ability to analyze data and trends and prepare meaningful reports

  • Good oral / written communication skills.

  • Comfortable working with the first line and communicates follow ups and or findings for assigned task/section

  • Good interpersonal skills to build and manage relationships with Business Lines as well as various second line of defense groups

  • 5-7 years’ experience in operational risk management, internal audit or Banking industry

  • Moderate level knowledge of operational risk management, regulatory requirements and industry practices

  • Demonstrated ability to manage workloads and prioritize deliverables

  • Good written and verbal communication skills


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.