Mar 14, 2019

Operational Risk Review and Challenge Professional, Associate

  • MUFG
  • Tempe, AZ, USA
Full-Time Banking

Job Description


Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 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.



Major Responsibilities:

Reporting to Operational Risk Review and Challenge – Regional Bank team lead, responsible for executing the second line of defense Operational Risk Management (“ORM”) review and challenge program across the Regional Bank and other Business Lines as assigned.


  • Develop and / or update Operational Risk Review and Challenge Program Documentation, Tools and Reporting

  • Ensure the results of all work performed (including deliverables related to Scorecard, RCSA, ORP, Issue Reporting, etc.) is documented in accordance with pre-defined standards and is ready for key stakeholder review upon request.

  • Monitor review and challenge activities to ensure that Business Lines and corporate functions have implemented and executed ORM programs (RCSA, Loss data, Scenario, KRM, Issue Management etc.,) in accordance with the firm’s policy, and various program requirements

  • Perform analysis and identify root causes of where ORM program requirements are not being met.

  • Embrace organizational (and departmental) change by proposing and executing creative solutions to enhance identified barriers.

  • Propose Continuous Improvement opportunities in the further development of the business aligned Operational Risk Review and Challenge Process.

  • Develop accurate understanding of the Business Lines risk profile and trend based on review of relevant information and understanding of the business, process, risk and the control environment and provide oversight and meaningful challenges;

  • Work with the second line of defense (e.g. ORM programs, Compliance, Fraud, Sales Practice, Information Risk Management, Business Continuity, and Third Party) in coordinating and executing on the above requirements

  • Prepare quarterly/periodic reporting of the Business Line ORM program execution that provide a clear and concise view of the Business Lines ORM program execution status and any issues/key items that may require management’s attention

  • Analyze data to identify and escalate any operational risks and produce ad-hoc reports and information to a range of stakeholders.

  • Support the team lead/Program on Audit and or Regulatory exam preparation and review to address inquiries and submit the requested documentation/information adequately and timely.

  • Contribute to any other projects or risk related activities as requested.


Qualifications:


  • Bachelor’s degree with 5+ years of experience in operational risk management, internal audit, management consulting or related field, including 2 years work related to risk management

  • Strong knowledge of operational risk management, regulatory requirements and industry practices

  • Proven capability to initiate, execute, drive change and create results

  • Strong expertise with MS Office including Word, Excel, PowerPoint and SharePoint

  • Strong written and verbal communication skills Broad view of the financial services industry

  • Strong knowledge in ORM Programs including (but not limited to): RCSA, Loss data, Scenario Analysis, KRM/KRI and Issue Management

  • Understanding of banking regulatory agency expectation/requirements on operational risk management

  • Strong ability to analyze data and trends and prepare meaningful reports

  • Strong oral / written communication skills. Comfortable presenting the results of review and challenge to the Business Lines management and provide independent challenges when different view exists

  • Good interpersonal skills to build and manage relationships with Business Lines as well as various second line of defense groups

  • Strong work commitment and works well in a fast-paced and dynamic environment

  • Attention to detail



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

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