Third Party Risk Management, Assistant Vice President

Opportunity With Mitsubishi UFJ Financial Group (MUFG)

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

Policy Compliance

Qualifications

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.