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We have an exciting opportunity within Enterprise Risk Management within the Resilience team covering Scenario Stress Testing for MUFG across EMEA. With responsibility to develop and maintain the scenario stress testing framework for MUFG within EMEA this role requires an individual with a good depth of knowledge of financial markets, the ability to work with teams across the bank and experience of presenting at senior management forums.
NUMBER OF DIRECT REPORTS
MAIN PURPOSE OF THE ROLE
Scenario stress testing in EMEA encompasses multi-risk factor stress tests, from short term forward looking, historical, capital planning, regulatory equivalents (Bank of England and EBA), IFRS 9 and reverse across MUFG Bank and MUFG Securities in EMEA. The role involves working with a number of teams such as Technology for technical implementation, Risk and Finance for SME consultation and the Front Office to discuss scenario development, scenario impact and results from stress tests.
The role has responsibility for the full end to end stress testing framework including:
Keeping up to date with market developments and best practice
Development of technical methodologies
Working with the Front Office to develop scenario narrative and parameters
Planning and coordinating the stress testing exercises
Calculating the results of stress testing and understanding the impact
Presenting results to senior management forums
The results from stress testing are used for decision making, calibration of risk appetite and are in addition core components of MUFG's Internal Capital Adequacy Assessment Process (ICAAP) and Recovery Plans developed in EMEA.
Develop and maintain the framework and methodology for the full suite of scenario stress tests in EMEA including implementing improvements to stress testing approaches, working with teams across Risk, Finance and Technology
Plan, Coordinate and Execute the integrated stress tests for MUFG working with teams across the firm to bring the information together
Provide written analysis on the emerging threats to the business identified through routine stress testing and scenario analysis, including presenting conclusions to senior committee meetings
Develop and maintain the framework and methodology for IFRS 9 scenario calculations and analysis, working with colleagues across EMEA
Support the Chief Risk Officer in presenting key information to senior management on the risk profile of the company
Support the development and maintenance, with relevant risk specialists, international risk policies and relevant procedures to support the Risk Management Framework.
Support EMEA in becoming the Centre of Excellence and provide support for regions through risk training and sharing best practice.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Multi-risk factor scenario stress tests
Reverse stress testing
Regulatory best practice
Quantitative approaches to analyse results and work with risk specialists to validate
Technical implementation of stress testing frameworks in risk infrastructure
Experience of wider ERM responsibilities such as Policy, Governance, Risk Appetite
Experience of regulatory stress tests
Experience of ICAAP Pillar 2B capital buffer calculations
Use of third party economic research and financial modelling tools
Excellent communication skills
Results driven, with a strong sense of accountability
A proactive, motivated approach.
The ability to operate with urgency and prioritise work accordingly
Strong decision making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Strong problem solving skills
A creative and innovative approach to work
Excellent interpersonal skills
The ability to manage large workloads and tight deadlines
Excellent attention to detail and accuracy
A calm approach, with the ability to perform well in a pressurised environment
Strong numerical skills
Excellent Microsoft Office skills
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.
We areopen to considering flexible working requestsin line with organisational requirements