Vice President, Operational Risk

MUFG Americas; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial services group in Greater London is seeking an experienced professional for the Operational Risk Management team. The role involves implementing and maintaining the Operational Risk Management Framework, reviewing operational risk data, and facilitating scenario analysis. Candidates should have strong analytical skills, experience with IBM OpenPages or similar systems, and relevant professional qualifications. This position offers a challenging opportunity to contribute to the firm's risk management strategy.

Qualifications

• Experience of implementing operational risk management frameworks.
• Operational Risk Management experience as a 2nd line of defence providing analytical review.
• Experience of drafting and reviewing ICAAP for Operational Risk.

Responsibilities

• Assist in the development and implementation of the operational risk framework across EMEA.
• Provide independent broad assessment and monitoring of MUFG’s Operational Risk profile.
• Facilitate Operational Risk Scenarios for Risk Management and capital calculation.

Skills

Strong analytical and writing skills

Strong Microsoft Office skills – Excel, PowerPoint

Experience of effective Operational Risk Management Framework

Good knowledge of banking products and front-to-back processes

Education

Relevant professional qualifications / accreditations

Tools

IBM OpenPages

Cognos

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

We are MUFG. 360 years of heritage. A world‑class set of businesses. And more than 180,000 employees in 50 markets. It’s no surprise that MUFG has grown to become one of the top five banks in the world. Our services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG offers stability in an ever‑changing market, providing services to high‑profile clients worldwide.

Our vision? To become the world’s most trusted financial group. You’ll help us achieve it.

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 (IBM OpenPages).
• 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.
• Define and implement key AI components within IBM OpenPages and progress data enhancements to facilitate improved reporting and analysis.
• 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

Essential

• 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

Essential

• Strong analytical and writing skills
• Strong Microsoft Office skills – Excel (data manipulation), PowerPoint.
• 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

Essential

• Strong academics and relevant professional qualifications / accreditations.

PERSONAL REQUIREMENTS

• Excellent communication skills
• Strong numerical skills
• Excellent Microsoft Office 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

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

• The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
• The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
• The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
• Working terms are dictated by functional mandates, the terms of the Dual‑Hatt Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
• The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

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.