Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 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.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.Job Summary:
Provide ongoing assessment of the risk profile through regular monitoring and status reporting of risk issues and initiatives
Execute front line controls, self-assurance, and risk assessment activities (ad hoc controls review, business process management (BPM), risk control self-assessment (RCSA)), and independent risk and audit activities as directed
Contribute to and support the implementation of remediation plans as directed
Contribute to risk analysis and risk mitigation recommendations
Partner with stakeholders, including process owners and control officers, to document controls, enhance control language, and develop/maintain test scripts that validate controls are being performed in compliance with bank policies, procedures, and regulatory requirements to mitigate risk to the firm
Provide project management support in tracking and coordinating the execution of policy and standards control testing activities
Create synergies by identifying opportunities to repurpose control testing results to satisfy assessment requirements across the bank
Support internal audits and regulator exams, and other control reviews; assist in resolving identified issues and monitor their resolution
Consult on controls design and efficiency with operations partners in support of their commitments to align with all applicable laws, regulations, and internal policies and procedures
Drive risk culture; influence self-identification and disclosure of control self-assurance gaps
Ensure gaps are addressed via remediation plans that adhere to issues management mandates: timely issue and corrective action submission, accurate root cause identification, corrective action monitoring, on time closure, no failed validations, and no repeat issue
Monitor and evaluate emerging risk, internal operational trends, and external risk events for potential impact to control environment
Prepare risk reporting, risk analysis and risk mitigation recommendations including control environment performance and risk management plans in place for critical issues
Support the preparation of meaningful risk and controls governance materials for executive management as needed
Assist with definition of corrective action plans to remediate non‐compliance with enterprise wide policies and standards; including remediation and monitoring to completion of corrective action plans on an ongoing basis
Communicate material risk exposures and instances of non‐compliance for review and validation
Monitor risk limits and tolerances to identify threshold breaches and escalate any limit breaches for review and validation
Quantify risk exposures using the risk analysis and risk acceptance criteria, tools and methods and communicate exposure
Qualifications:
Deep understanding of financial institution processes, products, and risk
Experience with risk assessment/testing methodologies evaluating the adequacy and efficiency of internal controls, and identifying issues resulting from internal and or external compliance examinations
Experience with process documentation, risk, and control assessments and designing/executing test scripts
Experience with problem solving in a team environment by thinking outside of the box, providing innovative solutions, with and without technology
Strong understanding of financial institution businesses, processes, products, and risk
Strong understanding of processes necessary to produce accurate periodic reporting (e.g., data reconciliations, data governance, review, and approval, etc.)
Experience with automating and/or the ability to conceptualize automated control solutions
Experience using Microsoft collaboration and project management tools such as SharePoint, Teams, and Project
Knowledge in first line of defense risk and control mitigation specifically: thorough understanding of risks and controls, issue management, reporting, metrics, and audits.
Experience with critical data elements (CDE) and data lineage
Experience with risk metrics definition and reporting/scorecard development utilizing key risk metrics tools (IBM Open Pages, Tableau, structured query language (SQL), Access etc.) preferred
Experience with process documentation, risk and control assessments, and designing/executing risk reporting, preferred
Risk management experience including evaluating the adequacy and efficiency of internal controls, and identifying issues
Experience with enforcement agencies' oversight activities (regulatory examinations, etc.)
Understanding of the regulatory environment and regulations related to risk, Office of the Comptroller of the Currency (OCC), and Federal Reserve Board (FRB) expectations
Strong understanding of data quality, data quality monitoring, and data maturity models
Ability to identify signs of changing risk levels
Experience with executing first line risk assessment/testing methodologies, evaluating the adequacy and efficiency of internal controls; and identifying issues resulting from internal and/or external compliance examinations.
Combined experience in external audit, internal audit, and operational risk and/or compliance with local/state/federal regulations.
Demonstrates leadership
Communicates effectively
Identifies multiple paths to success using analytical and critical thinking as well as decision-making skills
Operates strategically to support a culture of continuous improvement and systems thinking
Makes sound business decisions in a complex work environment
Collaborates with other business functions and divisions to advance business objectives
flexible, decisive, and able to establish support from leadership
Monitors industry trends and best practices and applies insights to advance the business
Exhibits and fosters optimism, resilience, flexibility, and openness to others' ideas
Inspires innovation and values learning as a lifelong professional objective
Leads by example, engaging inclusively and with intent
Always acts with integrity
Iterative problem-solving
Serving as a trusted advisor
Excellent organizational, and conceptual skills
Ability to work effectively in team environment, and influence across all interpersonal levels, where flexibility, collaboration, adaptability, challenge, and influence are important
Strong planning and organizing skills; ability to multitask and deal with varied workload
Ability to manage multiple priorities concurrently, prioritize, and efficiently complete responsibilities while maintaining the highest quality
Ability to support work streams with sometimes limited oversight/information from inception to completion
Experience with problem solving in a team environment by thinking outside of the box and providing innovative solutions, with and without technology
Ability to identify obstacles and work in conjunction with others to identify options/solutions
Ability to constructively work both independently and in collaborative environments involving all levels of management and employees
Ability to make decisions, and work under tight deadlines; achievement-oriented and takes initiative
The typical base pay range for this role is between $124K - $162K depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.
We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.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 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.