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The Operational Risk Department is part of the firm's Risk Management function and provides second line Operational Risk oversight for the firm's front office and support / control functions.
Main purpose of the role:
Lead the implementation of the Operational Risk framework; contribute to the development of the Operational Risk Management function and the delivery across the EMEA region in line with regulatory requirements to support the achievement of the Bank's strategic objectives.
Active participation in, and development of, the operational risk framework across EMEA.
Participate in the delivery of the operational risk system implementation.
Support and contribute to the development and delivery of the medium to long term objectives/actions within the operational risk framework.
Provide a robust second Line of Defence challenge to ensure the wider effective identification and management of operational risk and control weaknesses by the business, support functions and the EMEA offices.
Provide operational risk subject matter expertise, and monitor and communicate the operational risk environment to management, and other key stakeholders.
Build and maintain close and continuous relationships with key individuals within the business and support functions, and ensure their control weaknesses and concerns are addressed proactively.
Ensure the business and support functions understand the operational risk framework and tools to identify, assess, manage and report their operational risks.
Challenge the business and support functions to provide evidence that they are identifying, assessing, managing and reporting their operational risk appropriately.
When required, supervise more junior members of the team in second line oversight, business-as-usual (BAU) activities and change initiatives.
Support initiatives to strengthen the governance and develop a robust reporting mechanism for the business incorporating appropriate escalations as required.
Ensure compliance with organisation's governance policies and procedures.
Evaluate the Operational Risks of New Products / Change Projects.
Assist in creation and maintenance of a good 3LoD model and embedding the risk culture across London and EMEA offices.
Provide independent assessment and monitoring of MUFG's Operational Risk profile, through:
Incident management and post incident reviews;
Weekly review of KRIs and KCIs;
Tracking of progress issues and actions;
Monitoring of key controls;
Monthly reporting to senior governance committees;
Quarterly root cause analysis;
Review and monitoring Risk and Control Self-Assessments
Regulatory compliance, affairs and change:
Comply with, and ensure that all staff under your responsibility (where applicable) comply with, the entities' policies and procedures as well as all rules, laws and regulatory requirements emanating from any of the regulatory authorities to which the entities are subject.
Remain up to date with regulatory changes; ensure that changes are well understood and plans are developed for implementation as appropriate.
Skills and experience:
Excellent knowledge and experience of operational risk management and its application within the Financial Services.
Experience of working with banking products such as Corporate, Investment, Transaction Banking and Global Markets.
Experience in undertaking front to back RCSAs, Risk Acceptance, Issues & Actions and Incident Management.
Proven ability to understand, identify, analyse and communicate clearly the operational risks within processes.
Proven experience in applying legal/regulatory guidance into solving practical problems.
Some experience/knowledge of Regulatory Risk and working closely / partnering with Compliance.
Solid technical and functional knowledge of financial services internal rules and policies.
Good understanding of the overall operational processes within the financial services industry.
Ability to facilitate smooth communications between London, HO and EMEA offices.
Experience in Thematic Reviews, Controls Testing & Assurance, Product Governance and delivery of training.
Excellent communication and interpersonal skills
Results driven, with a strong sense of accountability
A proactive, motivated approach with the ability to perform well in a pressurised environment
Strong decision making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Strong problem solving and numerical skills
A creative and innovative approach to work
The ability to manage large workloads and tight deadlines, and prioritise accordingly
Excellent attention to detail and accuracy
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
Internal Number: 6105133
About MUFG Securities
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