MUFG Union Bank Group Risk Manager – ARM Regulatory Engagement, Director in New York, New York

/ Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group. /

Job Summary: 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. They are the liaison between the business units and Operational Risk Management and Compliance. They will perform risk and control evaluations and manage remediation activities for control deficiencies. They 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.

  • Must be familiar with the policies and procedures related to each identified risk module. 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. If assigned BSA duties:

  • Consult the BSA Officer for input and guidance on new policies (and material procedures that impact BSA policies) being proposed by the Local BSA Officer;

  • Consult the BSA Officer on all personnel matters (including hiring, firing, performance evaluation, and compensation decisions) with respect to any of their direct compliance staff who have supervisory responsibilities;

  • BA or BS degree, 10 years experience in Regulatory Affairs and/or Risk Management within a financial institution

  • Well developed knowledge of the Bank regulatory environment and issue management processes

  • Excellent skills in risk assessment and analysis and a solid understanding of business and financial markets.

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

/ 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 in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Job: *Risk & Compliance

Title: Group Risk Manager – ARM Regulatory Engagement, Director

Location: NEW YORK-New York

Requisition ID: 10020464-WD