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 Data & Financial Operations Governance VP will support the Chief Data & Financial Operations (CDFO) management team in preparing, tracking, facilitating, and executing Third-Party Risk Management (TPRM) governance activities with our business partners and lines of defense. In this role, you will lead various types of governance processes that include risk and control assessments and testing supporting TPRM and Procurement activities, preparation for governance forums and committees, track open actions with key stakeholders to completion, create management reporting, document procedures and process flows, and liaise with various line-of-business and risk function SMEs across the firm to achieve objectives set by Governance Managers.

An ideal candidate will have 7+ years of Third-Party Risk Management experience with increasing responsibility in a governance function or management consulting, as well as working knowledge of risk management practices, including but not limited to control documentation and assessment, control testing, issue remediation, process improvement and policy and procedure development. This position will be principally engaged in maintaining the TPRM Procedures, providing oversight of requirements to manage special categories of Third Parties, defining TPRM Lifecycle requirements across all risk ratings, as well as evaluating existing regulatory guidance and monitoring changes or additions of future guidance in collaboration with the Second Line-of-Defense. The candidate must have strong subject matter expertise in third-party and outsourcing risk management in financial services or other heavily regulated industries is preferred. This position requires deep understanding of including but not limited to CFR 12 – Part 30, Banks & Banking Safety and Soundness, Appendices B & D, as well as administrative pronouncements, and OCC Bulletin 2023-17, Interagency Guidance on Third-Party Relationships. Required ability to quickly get up to speed on other applicable rules and guidance impacting the TPRM program including those from agencies such as the FFIEC, the SEC, other U.S. regulators (e.g., NY Department of Financial Services), and foreign-based regulators (e.g., Japan’s Financial Services Agency, Canada’s Superintendent of Financial Institutions and those in Latin American).  This position also requires critical thinking skills to parse complex regulatory pronouncements into actionable components and contextualize the content in a manner that articulates the spirit and intention of the pronouncement while considering the practical impact on MUFG.

Responsibilities

Facilitate and lead process owners and subject matter experts to satisfy lines of defense requests from audit teams, risk managers, and control testing teams with specific focus on TPRM regulatory examinations, internal audits, FFIEC FCAT reviews, cross-functional examinations / audits with required TPRM input, etc.

Lead governance forum and committee meeting execution and facilitate resolution of any follow up actions.

Monitor changes in regulations & regulatory guidance as well as introduction of new regulations & regulatory guidance in collaboration with Operational Risk Management partners.

Assess the impact of new or changed regulations on existing governance documents by performing analytical comparisons or gap analyses in collaboration with Operational Risk Management partners.

Review related Subject Matter Expert (SME) and Line of Business (LOB) policies and procedures to ensure consistency with enterprise standards.

Participate in industry associations to gain insight on best practices around regulatory guidance interpretation and application.

Participate in Comment Letter Process as a representative of MUAH providing feedback to the agencies when new rules or guidance are proposed.

Liaise with internal auditors, external auditors and regulators.

Participate as key stakeholder in Operational Risk Management annual policy review process.

Support periodic updates on policy, standard, and procedures, performance, and results to division leaders and formal committees.

Lead annual review of TPRM program procedures with relevant key first and second line-of-defense stakeholders.

Collaborate with FLoD TPRM, SLoD TPRM, and Tokyo Head Office for items such as: periodic assessments of new Procedure on Outsource Management (POM) with our existing Program and periodic reporting and information requests.

Collaborate with FLoD TPRM, SLoD TPRM, and non-US, Affiliate TPRM programs - e.g., Canada, and each LATAM Country for items such as: periodic review of program requirements, periodic reporting and information requests, periodic review of Program support.

Support ad hoc TPRM governance projects.

Lead development, maintenance, and execution of governance processes by coordinating with key stakeholders and SMEs, and management.

Monitor and test for compliance with policies and standards.

Monitor and report status on TPRM governance activities.

Identify opportunities continuous process improvement of governance framework, processes, and controls and collaborate with others to drive change.

Maintain procedures and standards, and process flows and identify and propose improvements when appropriate.

Demonstrate and promote, and monitor others for adherence to policies, standards and procedures.

Proactively identify gaps in current BAU activities, and track and execute remediation plans with key stakeholders in the department.

Collaborate with data governance SMEs, and other stakeholders to promote data governance awareness and culture.

Qualifications

Excellent communication skills both verbal and written.

Strong academic credentials—BA or BS degree, with an advanced degree in law, finance, business, sourcing, risk management, or related fields being highly desirable.

7+ years of experience in bank compliance, audit, risk, legal or related positions.

Strong analytical or critical thinking skills

Excellent attention to detail.

Ability to handle multiple, complex tasks and responsibilities simultaneously and with substantial independence. 

Work under the direction of multiple stakeholders.

Ability to manage highly talented and specialized staff in third-party risk management.

Strong organizational and process-oriented skills.

7+ years of experience in roles with increasing responsibility and scope relevant to governance or risk management. Supervisory responsibilities a plus.

Strong knowledge of data governance principles, frameworks, methodologies, and tools.

Strong experience in coordinating and facilitating governance activities and forums.

Experience in working with policies, standards, procedures, process flows, and controls.

Experience in working with metrics, dashboards, and reports.

Excellent communication, presentation, and interpersonal skills.

Working knowledge of best practices in design and maintenance of policies, standards, procedures, and controls.

Ability to work independently and collaboratively in a fast-paced environment.

Familiarity with Laws, Rules, and Regulations, or experience in a corporate banking or management consulting firm is beneficial.

Proficiency in Microsoft Office applications, especially Word, Excel and PowerPoint, and project-related software.

The typical base pay range for this role is between $125K - $160K 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.