Analyst, Operational Risk Oversight - 12 month FTC

MUFG Americas; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global financial institution is seeking an Analyst to join their Operational Risk Management team in London. This role involves supporting the development of Risk Management frameworks and collaborating across teams. Candidates should have strong analytical skills and proficiency in Microsoft Office. A background in banking and an interest in risk management is essential.

Benefits

Flexible working options

Inclusive workplace culture

Qualifications

• Experience in designing and implementing Fraud risk frameworks.
• Understanding of Operational Risk governance reporting in banking.
• Willingness to learn and develop.

Responsibilities

• Support ongoing development of Risk Management frameworks.
• Assist in training and awareness across EMEA offices.
• Provide reviews to ensure effective management of operational risks.

Skills

Strong analytical and writing skills

Strong Microsoft Office skills – Excel

Interest in Risk Management frameworks

Education

Strong academics

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

OVERVIEW OF THE DEPARTMENT/SECTION

Operational Risk Management (ORM) is responsible for supporting the EMEA Chief Risk Officer in developing and maintaining the effectiveness of the Operational Risk Management and Fraud Risk Management Frameworks across MUFG EMEA. The Operational Risk Department is part of the firm’s Risk Management function and provides second line Operational Risk (including Fraud Risk) oversight and challenge for the firm’s front office and support / control functions.

MAIN PURPOSE OF THE ROLE

Analyst role to support the further development and implementation of ORM in MUFG EMEA

• Support the ORM team for the ongoing development, enhancement and maintenance of both the Operational Risk and Fraud Risk Management frameworks
• Contribute to embedding a healthy risk culture within the organisation and a strong 3LoD model
• Support senior management self‑assessment of adherence to policy/framework
• Support wider ORM and Fraud Risk reporting and monitoring, including maintaining the EMEA Fraud Risk Register and updating and analysing Open Pages risk and control data for inclusion in appropriate committee presentation materials
• Pursue the objectives of the department by carrying out the personal objectives agreed from time‑to‑time with the Chief Risk Officer and/or Head of ORM

The role sits in the Operational Risk Management team and offers the candidate exposure to firm wide ORM and Fraud Risk management policies & processes and requires flexibility to support initiatives and BAU tasks performed by the wider Operational Risk team.

KEY RESPONSIBILITIES

• Assist in the development and implementation of the Operational Risk and Fraud Risk Frameworks
• Assist in the Operational Risk and Fraud Risk Frameworks training and awareness to First Line and Second Lines teams and across EMEA offices
• Assist in the development and delivery of Fraud Risk policies, processes and controls
• Support the review and coordination of the EMEA Operational Risk Working Group meetings to help facilitate EMEA wide risk assessment and effective management
• Provide review and challenge assistance to ensure the effective identification and management of Operational Risks, including Fraud Risk and control weaknesses by the First Line & Second Line business and support functions and the EMEA offices
• Identify and implement opportunities to enhance the overall Operational Risk Management Framework
• Assist with refresh of Risk and Control Self Assessments
• Support the development and second line of defence oversight of ad‑hoc project work (e.g. implementation of new regulatory requirements and/or new internal initiatives from Head Office).
• Contribute to and support the deep dive reviews conducted independently by Operational Risk Management and contribute to the report write up and recommendations contained within them
• Support the coordination of the annual updates to the Operational Risk mandatory LEAP training module and obtain completion rates to facilitate a wider management review process
• Aid the enhancements required to maintain and improve upon risk data stored within Open Pages and analyse Open Pages data to identify data quality issues which require further development

WORK EXPERIENCE

• Experience of working on / good understanding of the design and implementation of Fraud risk framework and Operational Risk governance reporting within a banking environment
• Strong Microsoft Office skills – Excel (data manipulation), PowerPoint, Word
• Operational Risk Management experience (2nd line of defence).

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• A strong interest in the design, delivery and reporting of both Operational Risk & Fraud Risk Management frameworks
• An appreciation of what constitutes a positive risk culture
• Strong analytical and writing skills
• Strong Microsoft Office skills – Excel (data manipulation), PowerPoint (clear, concise reporting)
• Some knowledge of banking and/or investment banking services and products.

Preferable

• Relevant experience of risk management within a financial institution.

EDUCATION / QUALIFICATIONS

Essential

• Strong academics but a willingness to learn and develop

PERSONAL REQUIREMENTS

• Strong team player with the ability to collaborate with team and business stakeholders
• Clear and concise written and oral communication with excellent attention to detail and accuracy
• A proactive, motivated approach
• Good time management and ability to prioritise work accordingly
• Strong problem‑solving skills
• Strong Microsoft Office skills
• Strong numerical skills

We are open to considering flexible working requests in line with organisational requirements.

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.