Business Unit Risk & Controls, Director

Description
Do you want your voice heard and your actions to count?
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). In the Americas, we're 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We're a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.
Role Summary:
The Business Unit Risk and Control Officer (BURCO) has a primary (solid) reporting line into the Head of Business/Support Unit with a secondary (dotted) reporting line to the Central Risk and Control Office. As the central point of contact for a business and/or support unit (the Unit), s/he is responsible for the identification, assessment, monitoring, and management of risk including Liquidity, Market, Credit, Compliance, Strategic, Reputation and Operational risk. It should be noted that this is a shared responsibility of the business unit and/or support function. In this capacity, the BURCO will engage with CRCO and 2nd LOD to execute risk and internal control programs..
In close collaboration with the Central Risk & Control Office, this role oversees a staff of risk personnel in providing first line risk support to assigned business lines.
Major Responsibilities:

• Implement internal controls, minimum standards, policies and/or procedures required under the risk frameworks created by the 2nd line of defense, including the assessment, reporting, management and mitigation of Interest Rate, Liquidity, Market, Credit, Compliance, Strategic, Reputation, and Operational risk, as appropriate.
• Act as stewards in maintaining a risk-aware culture among employees, contractors, and service providers across the Unit.
• Execute Risk Control Self-Assessments (RCSAs) and controls testing.
• Report all risk and/or control breaches, develop and implement solutions, as appropriate.
• Complete root cause analysis on significant risk events/operational losses, and work with the Unit to develop remediation plans.
• Monitor action plans over risk and/or control deficiencies.
• Ensure appropriate management focus on mitigation of risk, including implementation of management action plans to address open issues.
• Design, implement, monitor, and test necessary controls for the management of risk.
• Execute the Issue Management Framework in accordance with Issue Management Policy and Procedure.
• Provide accurate, timely, and complete risk and control reporting.
• Establish management and administrative procedures to ensure adherence to policies and/or minimum standards.
• Develop and/or re-affirm Risk Appetite Statement and related metrics annually.
• Ensure all required compliance training is completed.
• Participate on various risk management and/or control committees, challenge risk ratings, and identify/assess emerging risks. Participate on ad hoc working groups to address/resolve new areas of risk.
• Ensure the development, implementation, and operation of the function is in compliance with established policies and standards.
• Work closely with the revised Third Party Risk Management team to ensure comprehensive and timely oversight of all vendors and third party service providers.
• Support other key Operational Risk requirements and initiatives as required.
• Work closely with the Unit to meet regulatory expectations.
• Act as the liaison with external regulatory or legal bodies; coordinate regulatory exams
• Ensure Business Continuity Plans are in place and tested as appropriate.
• Manages a staff of risk professionals.

Qualifications
Typical Minimum Qualifications:

• Thorough knowledge of the banking industry.
• Understanding of risk management, to include deep risk assessment and vendor management experience, setting, evaluating and testing internal controls.
• Deep knowledge of Operations Risk and associated framework, information, security, privacy, fraud, fiduciary, SOX, product due diligence, Product process.
• Regulatory experience implementing heightened Standards (1st, 2nd and 3rd lines of defense) and examination management.
• Deep understanding of market/liquidity risk framework for concentration risk and market risk limit setting (is this applicable to businesses and not functions)l
• Expert in leading transformational change.
• Familiarity with US regulatory, compliance and governance.
• Proven strength in relationship development and leading through influence across business lines and flexibility to adapt approaches to meet the needs of a broad range of business units and multiple stakeholders. Track record of success in leadership and a demonstrated ability to attract, motivate, and retain talent.
• Well organized, disciplined planner and implementer with sound strategic judgment, thinking and vision.
• Outstanding communication skills; able to foster close and collaborative productive working relationships across the organization.
• Ability to review information and solve problems quickly.
• Achievement oriented and takes initiative.
• Ability to create a unified team and encourage the Union Bank culture.
• Strong communication and presentation skills
• Consistent demonstration of tact, discretion and good judgment.
• High degree of professionalism and confidentiality in handling sensitive information.
• Capable of multitasking with a large portfolio of responsibilities
• Well versed in current events impacting financial services and could be viewed as discriminatory (age)
• Strong work ethic, ability to make decisions, & work under tight deadlines
• Typically requires 10 plus years of technical experience and 8 or more of supervisory experience.
• BA/BS Degree or equivalent work experience required.
• MBA preferred.
• Professional certifications preferred.

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.
Job: Operations
Primary Location: NEW YORK-New York
Schedule Full Time
Shift Day
Req ID: 10036165-WD