MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
As one of the top financial groups globally with a vision to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do.We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
Please visit our website for more information - mufgemea.com.
OVERVIEW OF THE DEPARTMENT/SECTION
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.
MAIN PURPOSE OF THE ROLE
The role requires the applicant to provide assistance to the Operational Risk Management team:
Act as a 2nd Line of Defence in performing review and challenge the Operational Risk Management processes, controls and systems implemented by the front office and support/control functions.
To assist in the maintenance, development and implementation of the Operational Risk Management framework;
The role requires the applicant within the Operational Risk Management team to:
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 assessment and monitoring of MUFG's Operational Risk profile, through:
- Incident management and post incident reviews;
- Weekly review of KRIs and KCIs;
- Tracking of progress issues and actions;
- Monitoring of key controls;
- Monthly reporting to senior governance committees;
- Quarterly root cause analysis;
- Review and monitoring Risk and Control Self-Assessments
Assist in the development and implementation of the operational risk framework across EMEA.
Provide operational risk subject matter expertise, and 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 control weaknesses and concerns are addressed proactively.
Challenge the business and support functions to provide evidence that they are identifying, assessing, managing and reporting their operational risk appropriately.
At least 3 years' experience of working with investment banking / Global Markets products and front-to-back processes
At least 2 years Operational Risk Management experience as a 2nd line of defence providing independent challenge over the 1st line of defence
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Hands-on experience of effective Operational Risk Management
Good knowledge of investment banking / Global Markets products and front-to-back processes
Strong analytical and writing skills
Strong Microsoft Office skills – Excel (data manipulation), PowerPoint.
Experience of IBM OpenPages / COGNOS (Beneficial)
Some experience/knowledge of Regulatory Risk and working closely / partnering with Compliance (Beneficial).
Education / Qualifications:
Strong academics and relevant professional qualifications / accreditations.
Excellent communication 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
Strong numerical skills
Excellent Microsoft Office skills
MUFG, a global financial group 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.
Internal Number: 5443010
About MUFG Securities EMEA plc
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