Vice President, Operational Risk - Framework, Governance and Capital

MUFG; London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Join a leading financial institution as a Vice President in Operational Risk, overseeing the development and implementation of risk management frameworks across EMEA. This role demands strong analytical skills and experience with operational risk systems, ensuring compliance with regulations while fostering a culture of accountability and continuous improvement.

Qualifications

• Experience in implementing operational risk management frameworks is essential.
• Strong academics and relevant professional qualifications required.

Responsibilities

• Assist in the development of the operational risk framework across EMEA.
• Provide second line of defence challenge to manage operational risk.

Skills

Analytical skills

Writing skills

Operational Risk Management

Knowledge of banking products

Education

Professional qualifications/accreditations

Tools

IBM OpenPages

COGNOS

Job description

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Vice President, Operational Risk - Framework, Governance and Capital, London

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Client:

MUFG

Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

8e28375250c6

Job Views:

4

Posted:

02.06.2025

Expiry Date:

17.07.2025

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Job Description:

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

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 160,000 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.

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

Please visit our website for more information - mufgemea.com.

NUMBER OF DIRECT REPORTS

None

MAIN PURPOSE OF THE ROLE

The role requires the applicant to provide assistance to the Operational Risk Management team to:

• Act as a 2nd Line of Defence in the maintenance, development and implementation of the Operational Risk Management Framework and System.
• Perform review and challenge of the Operational Risk Management data and identify / perform deep dives as required.
• Facilitate scenario analysis for risk management and capital purposes (ICAAP)

KEY RESPONSIBILITIES

The role requires the applicant within the Operational Risk Management team to:

• Assist in the development and implementation of the operational risk framework across EMEA.
• 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 independent broad assessment and monitoring of MUFG’s Operational Risk profile, through review of underlying operational risk data and reports.
• Provide operational risk subject matter expertise, 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 knowledge of the Operational Risk Framework and system are managed.
• Challenge the business and support functions to provide evidence that they are identifying, assessing, managing and reporting their operational risk appropriately.
• Facilitate Operational Risk Scenarios for Risk Management and capital calculation including preparation and review of ICAAP

WORK EXPERIENCE

• Experience of implementing operational risk management frameworks
• Experience of IBM OpenPages / COGNOS or similar OpRisk System
• Operational Risk Management experience as a 2nd line of defence providing analytical review and independent challenge
• Experience of Operational Risk Scenario coordination.
• Experience of drafting and reviewing ICAAP for Operational Risk.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

• Strong analytical and writing skills
• Experience of effective Operational Risk Management Framework
• Experience of working with IBM OpenPages / COGNOS or similar OpRisk System
• Good knowledge of banking products and front-to-back processes

Preferred:

• Some experience/knowledge of banking regulation.

Education / Qualifications:

• Strong academics and relevant professional qualifications / accreditations.

PERSONAL REQUIREMENTS

• Strong numerical 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
• 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

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.