Risk & Controls Testing & Assessment Lead, Vice President

MUFG (DBA) • Tampa, FL

73d • Hybrid

About The Position

In this role you will focus on managing the execution of RCSA Control Testing in alignment with the Bank's RCSA Program for control design and operating effectiveness testing. Responsibilities include review of new and existing controls to ensure control design is effectively documented to support risk mitigation, evaluate control execution for operating effectiveness testing, draft testing steps for control testing execution, and ensure effective documentation is retained to support testing outcome. As part of an effective risk and control framework, Testing & Assessment documents and executes risk and control testing responsibilities across various processes, business lines and entities. There is a comprehensive coverage and joint accountability model that promotes early identification and assessment of operational risk, effective design and evaluation of controls, and sustainable solutions to mitigate operational risk.

Requirements

• Bachelor's degree in Finance, Business, Information Systems or equivalent preferred
• 5-6 years of experience in risk and controls
• 2-5 years of experience in operational risk and controls performing audit, monitoring, or control assessments or implementation of control measures
• 2-5 years of experience managing a team of professionals, ideally in a risk and control organization.
• Experience with process documentation, risk and control assessments, and designing/executing control testing scrips
• Experience performing comprehensive Quality Assurance reviews with providing direct and meaningful feedback.
• Understanding of the regulatory environment and regulations related to bank products and services, and Office of the Comptroller of the Currency (OCC) and Federal Reserve Board (FRB) expectations
• Experience with problem solving in a team environment by thinking outside of the box and providing innovative solutions, with and without technology
• Experience in working with multiple risk and control domains such as transaction processing, quality control/quality assurance, secondary review processes, technology controls
• Experience in designing, implementing, and operationalizing continuous control testing and monitoring of RCSA controls
• 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
• Strong written and verbal communication skills to articulate information clearly and effectively
• Strong analytical skills that can work with data, dashboards, and reporting

Nice To Haves

• Preferred: degree from a competitive school, demonstrating a strong academic and extracurricular track record

Responsibilities

• Manage the execution and documentation of RCSA Control testing for in-scope processes across the First Line of Defense (FLoD) business units
• Partners 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 operational risk to the firm
• Execute testing of RCSA controls based on internal and industry standards and guidelines for design and effectiveness
• Participate in control execution walkthroughs and prepare workpapers
• Coordinate control testing activities, including logistical scheduling and document retrieval to support control testing in accordance with internal requirements
• Liaise with risk assessment teams and other stakeholders to ensure control testing is aligned with broader risk assessment activities
• Develop and distribute status reporting and communication related to control testing activities
• Provide ongoing communication to internal stakeholders throughout the testing process to keep them apprised of progress and findings, escalating when appropriate
• Prepare written reports that summarize the objectives, scope, findings, and conclusions for each assigned review
• Support iterative review and challenge of assessment results, working with appropriate stakeholders across the lines of defense
• Coordinate required meetings, reviews, and scheduling needs
• Prepare materials for ongoing team meetings and meetings with senior management
• Manage resources to ensure successful completion of the plan. Perform traditional managerial functions including staff recruiting, establishment of performance goals, coaching and training, performance counseling and appraisal, and salary administration.

Benefits

• The typical base pay range for this role is between $124K-$162K depending on job-related knowledge, skills, experience, and location. 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities