Operations Risk and Control

Mitsubishi UFJ Financial Group•Tampa, NY

1d•Hybrid

About The Position

The Operations Risk and Control AVP will be responsible for assisting with the duties of the BURM (Business Unit Risk Manager) for Operations. The associate will be responsible for key aspects related to issue management, risk assessments, control testing, risk metric reporting, documenting loss events, and assisting operations business lines with internal audits and/or RCSA’s. 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.

Requirements

Demonstrated experience with Risk and Control design and assessments.
2-5 years’ experience
Communicates effectively
Identifies multiple paths to success through the development of analytical, critical thinking, and decision-making skills
Exercises sound judgement and strive for continuous improvement
Demonstrates optimism, resilience, flexibility, and openness to others' ideas
Learn while doing
Actively listens and asks thoughtful questions
Leverages available technology to achieve efficiency and results
Engages inclusively and with intent
Always act with integrity
Iterative problem-solving
Serving as a trusted advisor
Excellent communication, presentation, and influencing skills and ability to manage stakeholders across multiple disciplines and strong written skills
Excellent analytical, organizational, and conceptual skills
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
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

Responsibilities

Completing Issue Closure Templates
Issue Management: Assist with the support remediation of gaps 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
Assist and participate in the identification of issues and partner with stakeholders in opening issues (Audit/Compliance/Management Identified)
Acquiring the necessary management approvals
Scheduling the DRM review meetings and submitting final template to BURCO Team for Review
Assist with Project Managing the Issue/Action Plans for the following Key Issues (e.g. Registration of EUCs for MUSA Operations, Record Retention)
Maintaining Open Page Records (Progress Status Updates, Linking Issues To Risk and Controls, Losses, etc)
Risk Assessments: Assist with the execution of front-line risk assessment activities (ad hoc Risk/Controls review, all components of the Risk and Control Self-Assessments (RCSA), Fraud Assessments, Third Party Vendor Assessments, Scenario Analysis, Monthly Risk Reporting)
Understanding of Risk Taxonomy’s, Inherent Risk Rationales, Proper Control Descriptions, Basel Risk Categories
Control Testing: Support Control Testing Team gather necessary samples needed to test controls
Rewrite controls to meet control description requirement
Metrics & Reporting: Prepare risk reporting, risk analysis and risk mitigation recommendations including control environment performance and risk management plans in place for critical issues
Prepare key risk management reporting such as (e.g. Risk Management Business Review (MBR), Risk Metric Reporting, Issue Management Reporting)
Assist with creation/tacking/management of MUSA Operations SLA Metrics between Front Office and MUSA Operations
Assist with Monthly Trigger Event Reporting
Risk Event Losses: Identify/Report/Track Risk Events and Report to Operational Risk Management (ORM) Team
Monitor and evaluate emerging risk, internal operational trends, and external risk events for potential impact to control environment
Audit/Compliance: Assist in Preparation/Maintenance/Tracking of Audit/Compliance Calendar
Mitigate Audit Issues and Draft Management Action Plans
Support management to generate various metrics reports for senior management and board level committees
Assist in sustaining the operational risk and control framework and ensuring MUSA Operations is aligned with Bank Policy’s