MUFG Union Bank Jobs

Mobile mufg Logo

Job Information

MUFG Union Bank Operational Risk Manager 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.

Would you like to work for one of the World's largest banks in an exciting, dynamic and international environment?

We are currently recruiting for a Vice President, Operational Risk Manager for our Operational Risk Management Division in Amsterdam.

MUFG Bank Europe N.V. (MBE) is a fully-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), one of the largest ranked Financial Groups in the world in terms of assets. A world-class set of businesses and more than 180,000 employees in 50 markets. MUFG offers stability in an ever-changing market, providing services to high-profile clients worldwide.

For more than 50 years MBE offers commercial banking services to both Japanese and non-Japanese corporate customers in The Netherlands and, through its branches, in Central and East Europe. The goal is to be among the top performing foreign-owned banks operating in The Netherlands, providing value-added banking services and excellent operations, fulfilling both Japanese and non-Japanese customers' needs.

The MBE subsidiary based in The Netherlands is a network of branches, managed from Amsterdam.

Our vision? To become the world’s most trusted financial group. You’ll help us achieve it.

Main purpose of the role

The Operational Risk Manager:

  • Drives the risk cycle for specific Operational Risk types and is responsible for ensuring risk identification and assessment is effective, and material risks are brought to the attention of senior management in a timely fashion with sufficient quality.

  • Is business partner for several functional areas (divisions, departments) of MBE.

  • Is responsible to periodically perform one-off Risk Control Assessments in (potential) high risk areas or following internal incidents, based on own-initiative or by specific senior management request.

  • Is responsible to maintain good knowledge of current and upcoming relevant regulations, supporting MBE in planning for timely regulatory compliance on ORM.

  • Actively contributes to a risk management culture which is open and considered positive and contributing to the success of MBE and MUFG.

Function positioning

Operational risks are integral part of doing business. Although operational risks are everybody's responsibility, MBE requires organized and independent internal oversight, facilitation of the risk cycle, and advice to the organization.

Operational Risk Management (ORM) is an integral part of the MBE Risk Framework with continuous attention within MBE and in the wider EMEA context, triggered by growth/complexity of the operations of MBE, focus of the regulator on ORM topics, changes in the operations, and developments in the external environment, e.g. political changes and cybercrime.

ORM forms part of the Risk Management Division which is responsible for:

  • Identification, assessment, monitoring and evaluation of all risks in the bank.

  • Support and advice in design and deployment of the overall risk management framework, including risk culture, policies, appetite and limits.

  • Challenge and escalation of risk and/or control issues to the Management Board.

The Operational Risk Manager reports to the head of the ORM department, who in turn reports to the Head of Risk Management Division.

The role includes the following:

  • Provide expert advice and guidance to the 1st Line to ensure identification, assessment and consistent management of all material operational risks, including data risk.

  • Provide advice and guidance to the 1st line to perform Risk and Control Self-Assessments and to raise Self-Identified Issues;

  • Monitor adherence of 1st Line to MUFG’s framework of rules and policies as well as local laws and regulations and ensure embedding of risk management principles and practices in the Bank’s daily business operations;

  • Escalation of (potential) risk events or regulatory breaches in accordance with MBEs risk governance framework;

  • Contribute to increased risk awareness in the organisation by providing appropriate training, instruction and advice;

  • Contribute to enhancement of (EMEA and MBE) risk management policy house, including drafting, reviewing and updating policies, methodologies, procedures and work instructions;

  • Lead or participate in required projects or initiatives in facilitating the identification and evaluation of risks and controls, providing expertise and recommending proportional cost effective and efficient solutions.

  • Provide advice and guidance to team members including motivation, support and the sharing of best practice.

  • Promote changes to systems, processes and working practices in order to achieve operational control.

  • Pro-actively develop and maintain relationships with a wide range of key contacts in all areas of MUFG.

  • Support Head of ORM department in promoting risk culture in the bank.

In order to be successful in the role, you will need the following:

  • Fluent language skills in English;

  • At least 10 years of relevant work experience in banking/financial sector or advisory roles;

  • Experienced in 1st and/or 2nd Line Risk Management;

  • Academic degree in Economics, IT, Operational Auditing or other relevant field of study;

  • Experience in preparing presentations to senior management and regulators;

  • Up to date understanding of relevant guidelines and regulation in EU;

  • An up-to-date understanding, of the wider financial services industry, IT industry, regulatory changes and pertinent economic and political factors which may impact on MUFG business;

  • Analytical Ability/Financial Acumen/Problem Solving.

  • Strong communication skills, with ability to explain a complex topic in a structured and clear manner;

  • Demonstrate ability to build relationships, and display organizational sensitivity;

  • Take initiative, work structurally and translate ideas into practical solutions;

  • Think critically and work independently, and in a team: able to lead and collaborate in (cross-divisional) teams;

  • Demonstrate good work ethic, show high attention to detail;

  • Be pragmatic, be able to balance business and being in control;

  • Ability to handle a significant and diverse workload;

  • Sense of humor and ability to work in multicultural environment.

Personal requirements:

Integrity and Responsibility

  • Balance Risk with Opportunity

  • Customer Focus

  • Demonstrate Global Perspective

Professionalism and Teamwork

  • Drive For Results

  • Collaborate and Build Partnerships

  • Communicate Effectively and Professionally

Challenge Ourselves To Grow

  • Influence and Inspire Others

  • Lead Change & Seek Continuous Improvement

  • Think Strategically

  • Manage and Develop Talent

What do we have to offer:

We offer you a role in one of the largest banks of the world in a growing and international environment. You have various opportunities to develop yourself and we will support you with that by offering various training and development possibilities.

Besides that we will offer you:

  • Gross salary based on experience and consistent with the market

  • 8% holiday allowance and 13th month payment.

  • 29 vacation days per year. Optional you can buy 15 additional days.

  • Commuting allowance based via Reisbalans on annual public transport 2nd class, most economical way, or € 0,19 per km with a max of 75km one way.

  • Remote working allowance (max €60,-)

  • Possibility to order Office Equipment’s via GZ (up to €500,-)

  • Bicycle plan (fiscal benefit)

  • Company fitness (fiscal benefit)

  • Employee contribution towards Pension insurance (max 5%, currently 2%), our pension scheme is based on a defined contribution scheme. (Allianz)

  • Training & development possibilities paid by the bank (internal rules)

  • Health insurance: Collective premiums offered, for own expense.

Additional information :

Acquisition in response to this vacancy is not appreciated.

The role is based in the Netherlands. External candidates need to be willing to relocate to the Netherlands. Internal MBE employees will be supported in case of relocation.

For more information regarding this position you can contact our Talent Acquisition Specialist at: ayhan.catak@nl.mufg.jp

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.

DirectEmployers