MUFG Union Bank Analyst, Risk and Control Specialist - Operations in United States
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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.
OVERVIEW OF THE DEPARTMENT/SECTION
MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia.. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
As one of the top financial groups globally with a vison to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do.We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.
Please visit our website for more information - mufgemea.com.
First Line Risk & Control Team
First Line Risk & Control Team is part of the Operations Risk & Control pillar within the Operations division.
Operations Risk & Control’s purpose is to equip the Product Service pillars in Operations with a dedicated, pre-emptive first line control function which will enable Operations to meet internal and external (including regulatory) obligations.
First Line Risk & Control Team’s role is to provide dedicated risk & control oversight to product service pillars and execute the central control assurance function by driving the control agenda, sponsoring control themes across pillars, delivering control MI / risk reporting, owning control framework.
NUMBER OF DIRECT REPORTS
MAIN PURPOSE OF THE ROLE
Risk & Control Specialist
This role is to act as an independent control function ensuring effective control oversight of Operations processing activities through pre-emptive monitoring and continuous risk assessment. Focus of this hire will be to have oversight of mainly the Operations processing areas.
Establishment and maintenance of the 1st line control framework (Level 1 controls and key controls) which are required to mitigate against operational failure within the product channel.
Determination of level 1 controls
Mapping of level 1 controls to key controls
Determination of business risks and mapping of key controls required to mitigate those risks
Assessment of control (design and operating) effectiveness and remediation of controls that are ‘in-effective
Appropriate calibration, measurement and reporting of control status
Periodic (mostly daily) execution of controls
Supporting the product channel to demonstrate / evidence that it is “ in control ” through:
Preparing the RAF (Risk Assessment Framework) for the Product Channel and discussing / agreeing content with the department head
Attesting to key controls on a periodic basis
Establishment, measurement, monitoring and reporting of key risk and performance indicators for the product channel (e.g. ORMI)
Maintenance of the department’s RCSA (Risk Control Self-Assessment)
Maintenance of the SII (Self- Identified Issues)
PDCA meetings within the unit
Management and resolution of queries relating to control gaps / failures within the unit
Control Assurance Testing
Execution of self-inspections (inspection and countermeasure)
Execution of SOx testing (testing and countermeasure)
Execution of the RSCA controls testing.
Operational incident management (timeline, flash report, CORE report, incident log, verification of well-established countermeasures, reporting, IFA and VWEC)
Management of Information leakages (Flash report, Core report, incident log and countermeasure)
Recording and tracking analysis near-misses
Root cause analysis, identification and remediation of core trends / themes
Management of Audit Profile
Review of open audit issues and MAP (Management Action Plans) from internal and external audit reports
Progress closure of open points by supporting product channel in completion of actions
Reporting and escalation of outstanding issues
Procedure and Policy Management
Unit procedure update / review
Exception handling request application
Unit procedure list EPD bi-annual review
Execution of Internal control activities
EUC system, ESO (IRMD) system, BESS access / privilege review for product channel (in conjunction with Central Control Assurance function)
Support product channel in their review (and closure) of dormant accounts, management of CHOPs, staff movement and authorised signatories etc.
Internal control liaison
- Facilitate (and sometimes chair) periodic and ad-hoc control discussions meetings with colleagues within the Product Channel to ensure control gaps are identified and closed out timeously and that there is appropriate communication and escalation within the product channel and into the central Control Assurance team.
Experience in operational risk analysis
Demonstrable stakeholder management skills
Demonstrable time management skills
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Good analytical skills from an operational perspective
Understanding of the general Operational process flow
Operations product knowledge useful but not essential
Intermediate MS Excel and Word skills
Excellent communication skills (written and oral)
Good stakeholder management skills
Education / Qualifications:
- Degree/College educated or equivalent work experience
Excellent communication skills
Results driven, with a strong sense of accountability
A proactive, motivated approach.
The ability to operate with urgency and prioritise work accordingly
Strong decision making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Strong problem solving skills
A creative and innovative approach to work
Excellent interpersonal skills
The ability to manage large workloads and tight deadlines
Excellent attention to detail and accuracy
A calm approach, with the ability to perform well in a pressurised environment
Excellent Microsoft Office skills
We are open to considering flexible working requests in line with organisational requirements.
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.