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MUFG Union Bank Analyst, Risk and Control Specialist - Operations in United States

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.


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.

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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.




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.

Incident Management

  • 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.


Work Experience:

  • Experience in operational risk analysis

  • Demonstrable stakeholder management skills

  • Demonstrable time management skills


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.