SME Insurance Third Party Risk Management, Assistant Vice President

Mitsubishi UFJ Financial Group; Tampa (FL); Hybrid; USD 78,000 - 111,000; Full time

Job summary

MUFG is seeking an Assistant Vice President for SME Insurance Third Party Risk Management. In this role, you will oversee vendor insurance requirements, ensuring compliance and providing recommendations. You will collaborate with senior team members to monitor and assess vendor insurance compliance, contributing to regulatory discussions and executive presentations.

Benefits

Comprehensive health and wellness benefits

Retirement plans

Educational assistance

Paid vacation and holidays

Paid parental bonding leave

Qualifications

• 3+ years in insurance requirements and validation of financial statements.
• In-depth knowledge in data collection and reporting.
• Understanding the regulatory environment (FRB, OCC, FDIC).

Responsibilities

• Responsible for vendor insurance assessments and recommendations.
• Monitor compliance of vendor insurance contracts.
• Coordinate critical account information with stakeholders.

Skills

Verbal communication

Written communication

Data collection

Insurance assessment

Education

Bachelor’s Degree or Masters in business or a related field

Tools

Word

Excel

PowerPoint

Job description

SME Insurance Third Party Risk Management, Assistant Vice President

Join to apply for the SME Insurance Third Party Risk Management, Assistant Vice President role at MUFG

SME Insurance Third Party Risk Management, Assistant Vice President

5 days ago Be among the first 25 applicants

Join to apply for the SME Insurance Third Party Risk Management, Assistant Vice President role at MUFG

Get AI-powered advice on this job and more exclusive features.

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.

Job Summary:

The individual will be responsible for the 1st line of defense Third-Party Risk Management vendor insurance requirements and assessment. This includes providing recommendations for required insurance as well as a review to ensure vendor insurance meets the requirements in the contract. They will work closely with senior members of the business line and provide both the current standing and potential impact of the vendor’s insurance requirements.. They will also monitor insurance coverage to ensure vendors remain in compliance with their contract.

Insurance assessment of vendors

• Responsible for providing recommendations related to insurance requirements in vendor contracts
• Collection and assessment of certificates of insurance to determine contractual compliance related to insurance coverage
• Provide an opinion of the level of risk presented by the vendor’s insurance coverage. Ensure stakeholders understand the risk and impact of the vendor’s insurance coverage
• Where certificates of insurance not available, support the business in understanding the impact, and determine suitable next steps
  
  

Active portfolio management of the vendor overall base

• Responsible for monitoring certificates of insurance of the vendor base. The AVP will manage the monitoring of all vendors, and take action when triggers are met
• Providing reporting regarding the insurance requirements and coverage provided by the vendor base. Specific reports may include a view of; the overall vendor base, a divisional look at vendors, and a category specific look at vendors
• Identify the potential changes to insurance requirements within vendor contracts, and work with stakeholders to implement those changes.c
• Staying current on changes and potential changes in the sector and regulatory developments is an important part of your job
• Coordinate and communicate critical account information independently and directly to various related parties including the business line and TPMs.
• Additional responsibilities will include presentations to senior executives, discussions with internal auditors and external regulators.
• Participate in and contribute to special assignments and projects as required.
  
  

Policy Compliance

• Ensure compliance with external regulatory/internal policy and procedural requirements
• Participate in ad-hoc policy meetings to enhance organization wide credit risk framework.
  
  

Qualifications:

• 3+ years of work experience in insurance requirements and validation financial statements is required
• In depth knowledge and capabilities in collection and reporting of data is critical.
• Understanding of the issues related to the regulatory environment (FRB, OCC, FDIC).
• Comfortable with Word, Excel and PowerPoint
• Strong written and verbal communications skills are critical.
• Bachelor’s Degree or Masters in business or a related field.
  
  

The typical base pay range for this role is between $78K - $111K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Financial Services and Banking

Referrals increase your chances of interviewing at MUFG by 2x

Sign in to set job alerts for “Risk Management Assistant” roles.

Assistant General Counsel, Government Business Compliance

Business Risk and Control Sr Analyst - AVP

Tampa, FL $87,280.00-$130,920.00 3 days ago

Compliance Sanctions Sr Analyst - AVP (Hybrid)

Assistant General Counsel, Government Business Compliance

St. Petersburg, FL $169,700.00-$169,700.00 1 week ago

AVP, Compl Product Sr Analyst - Compliance for Corporate Functions - C12 (Tampa)

AVP Product Management Sr Analyst (Hybrid)

Heavy Duty Mechanic (Tech B) –Budget Truck

Heavy Duty Mechanic (Tech B) –Budget Truck

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.