Operational Risk Management, Vice President

MUFG Americas; New York (NY); Hybrid; USD 125,000 - 160,000; Full time

Job summary

An established industry player is seeking a skilled Operational Risk Manager to oversee risk management activities. This role involves executing oversight programs, analyzing operational risks, and collaborating with various stakeholders to ensure compliance and effective risk management. The ideal candidate will have a strong background in operational risk, excellent communication skills, and the ability to influence at all levels. Join a forward-thinking organization that values diversity and innovation, where your contributions will make a significant impact on the financial services sector.

Benefits

Health Benefits

Retirement Plans

Paid Leave

Training Opportunities

Qualifications

• 5+ years’ experience in operational risk management or related fields.
• Strong knowledge of banking products, processes, risks, and controls.

Responsibilities

• Execute/support the Effective Challenge & Oversight Framework.
• Produce periodic operational risk scorecards and reports for management.

Skills

Operational Risk Management

Internal Audit

Control Testing Techniques

Communication Skills

Relationship Management

Education

Bachelor’s degree in Business

MBA

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 120,000 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 selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Overall, Purpose of Job: Reporting to the Director, Corporate & Investment Banking and Operations Business Coverage Team, responsible for executing the second line of defense oversight and challenge program across all business activities managed in our Global Corporate and Investment Banking and Japanese Corporate Banking based business lines and our Enterprise Operations functions.

Essential Functions:

1. Execute/support the Effective Challenge & Oversight Framework for assigned business coverage areas, including but not limited to:

• Support deep dive reviews with the FLoD on significant risk events and operational losses.
• Identify applicable external losses and events for analysis and lessons learned.
• Participate as SLoD SME in business-aligned scenario workshops.
• Participate in RCSA workshops and provide feedback in-line and post-execution to the FLoD.
• Analyze FLoD owned issues for root causes, review issues per policies and standards, and monitor resolution.
• Partner with FLoD to develop key metrics and monitor operational risk reporting and metrics for negative trends or escalation items.
• ORM SME reviewer for Product & Services risk assessments.

Perform sample-based framework compliance testing (e.g., QA, testing, or monitoring).

Support advisory services for high-priority change initiatives.

Support/execute SLoD ORM roles as defined by Risk Governance Processes.

Produce periodic operational risk scorecards and reports for executive management.

Lead or participate in structured Business Unit Review and 'business as usual' meetings.

Ensure documentation of all work performed according to standards.

Coordinate with internal Operational Risk stakeholders to ensure program expectations are understood and incorporated.

Support the rollout and execution of ORM programs and changes.

Support other initiatives as assigned by Operational Risk leadership.

Interactions / Interpersonal Skills:

• Strong interpersonal skills to manage relationships with Risk and Control Managers, LOB Executives, and other stakeholders.
• Strong oral/written communication skills.
• Ability to build relationships at all levels, influence, and foster trust.
• Experience working with regulators and auditors.

Business and Technical Knowledge:

• Broad view of the financial services industry.
• Strong knowledge of banking products, processes, risks, and controls.
• Expertise in control testing techniques and documentation.
• Understanding of operational risk management programs and practices.
• Exceptional organizational skills.

Experience/Abilities:

• 5+ years’ experience in operational risk management, internal audit, consulting, or related fields.
• Knowledge of control testing techniques and documentation.
• Understanding of operational risk regulatory expectations and industry practices.
• Ability to manage demanding workloads and prioritize.
• Strong communication skills.

Education: Bachelor’s degree in Business, Finance, Economics, Accounting, or related; MBA is a plus.

The typical base pay range for this role is $125K - $160K, depending on experience, skills, and location. The role may include performance-based bonuses and comprehensive benefits as part of our Total Rewards program, which includes health benefits, retirement plans, training, paid leave, and more. For details, see the MUFG Benefits Summary link.

We consider all qualified applicants, including those with criminal histories, in accordance with applicable laws and regulations. We are committed to diversity and equal opportunity employment.