Technology Risk Management - Control Officer; VP

Mitsubishi UFJ Financial Group•New York, NY

18h•Hybrid

About The Position

The Technology Risk Management Control Officer will serve as a Technology Risk SME aligned to a specific operational unit. This role is responsible for supporting the development, implementation, and ongoing management of a First Line of Defense (FLOD) program related to assigned operational units and enforcing policies & procedures developed to ensure compliance with regulatory obligations. The Control Officer will engage with various groups to help develop the assigned unit-specific project plan and drive the execution of the plan in line with established deadlines. They will interact with Compliance, Legal, Risk, and all other corporate groups supporting the execution of the program. Additionally, there will be defined elements of the policies and procedures that will become the responsibilities of the Control Officer upon achieving a business as usual environment.

Requirements

Experience with key risks associated with Application Development (System Development Lifecycle) Dev/Sec/Ops, deployment pipeline, and cloud architecture.
Demonstrated experience in ITIL Foundation
Demonstrated experience with Risk and Control design and assessments.
2-4 years’ experience in Application Development (SDLC), risk & control or audit function
Skilled experience with performing, defining, refining and documenting processes necessary to produce accurate periodic reporting (e.g., data reconciliations, data governance, review, and approval, etc.)
Experience related risk assessment/testing methodologies evaluating the adequacy and efficiency of internal controls, and identifying issues resulting from internal and external compliance examinations
Experience evaluating process documentation, risk, and control assessments and designing/executing test scripts
Previous experience in a risk and control or audit function
Understanding of risks and controls, issue management, reporting, metrics, and audits
Experience with problem solving in a team environment by utilizing critical and creative thinking skills, providing innovative solutions, with and without technology
Experience using Microsoft collaboration and project management tools such as SharePoint, Teams, and Project
Experience using Microsoft CoPilot to automate and drive efficiencies and simplification of repetitive tasks.
Risk management exposure including evaluating the adequacy and efficiency of internal controls, and identifying issues
Exposure to enforcement agencies and oversight activities (regulatory examinations, etc.)
Knowledge of critical domestic and international banking regulations (Reg W, Basel II, Federal Financial Institutions Examination Council (FFIEC), General Data Protection Regulation (GDPR), 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

Nice To Haves

Experience with risk metrics definition and reporting/scorecard development utilizing key risk metrics tools preferred
Experience relating to industry’s best practices and frameworks such as: Committee of Sponsoring Organizations of the Treadway Commission (COSO), COBIT, National Institute of Standards and Technology (NIST) CSF and 800-53, Cybersecurity Horizontal Reviews, and ITIL in complex environment
Knowledge of financial institution businesses, processes, products, and risk preferred

Responsibilities

Assessment of processes, risks, and control of environment.
Issue Management lifecycle reporting
Issue Identification: Partner with business to proactively identify MSIs and appropriately document SLoD and TLoD identified issues, using the appropriate templates and coordinating with impacted stakeholders to document accurate root causes and seek required approvals for issues to be submitted through issue intake and pass tollgate for issue documentation in Open Pages.
MAP development: Work with other BURM teams and BURCO validation teams to challenge any potential issues and participate in issue identification and development once they are recognized and agreed as issues
Review, challenge, and participate in issues’ MAP development to ensure MAPs can address the control deficiencies and symptoms pointed out in the issue, including building out a sustainable and repeatable process
Issue validation: Perform first line validation of issues including MSIs, SLoD, TLoD, and regulatory issues
Review, challenge, and participate in issue lifecycle validation with BURMs’ teams to ensure issue packages are completed properly prior to being presented at tollgates (review and challenge) meetings
Reporting and QA support: Support management to generate various metrics/ reports for senior management and board level committees
Maintain standard IM templates
Provide QA and reports on OpenPages issues
Stakeholder engagement: Engaged with Operations & Technology key stakeholders, management, BURMs, SLoD, and TLoD to ensure risks are understood across all LoDs and risk treatment is properly identified and remediated
Manage issues tollgate process: Review issue intake submissions for tollgates (review and challenge), provide feedback on issue packages (new issues, MAPs, closures packages, risk acceptances), ensure requirements are met, and that follow-ups are acted on and completed
Support management to generate various metrics reports for senior management and board level committees
Maintain standard issues management (IM) templates
Provide quality assurance (QA) and reports on OpenPages issues
Engage with key stakeholders, management, BURMs, SLoD, and TLoD to ensure risks are understood across all lines of defense (LoD) and risk treatment is properly identified and remediated
Understanding of application development, secure by design, and system development lifecycle (SDLC) practices and framework.