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Third-Party Risk Management, Vice President

Third-Party Risk Management, Vice President

MUFGTampa, FL, US
30+ days ago
Job type
  • Full-time
Job description

Opportunity With Mitsubishi UFJ Financial Group (MUFG)

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 assessment. This includes providing a risk rating associated with the vendors financial viability. They will work closely with senior members of the business line and provide both the current standing and potential impact of the vendor's financial viability. They will also monitor the vendor base for financial viability as a whole to ensure appropriate levels of financial risk from the vendor base, and report on those levels periodically. This role may lead a team.

Financial statement assessment of vendors

  • Responsible for collection and assessment of financial statements of vendors at onboarding and periodic re-assessment throughout the vendor lifecycle
  • Provide an opinion of the level of risk presented by the vendor's financial standing. Endure stakeholders understand the risk and impact of the vendor's financial standing
  • Where financial statements are not available, find a suitable alternative process to assess the vendor's financial standing

Active portfolio management of the vendor overall base

  • Responsible for monitoring financial standing of the vendor base. The VP will manage the monitoring of all vendors, and take action when triggers are met
  • Providing reporting regarding the financial standing of the supplier 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 credit deterioration of individual vendors in the portfolio and maintain timely and accurate risk ratings
  • 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.
  • Advise junior team members, providing quality control for credit applications and / or approval memos.
  • 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 :

  • 7+ years of work experience in credit and risk related functions with a minimum of 3 years of experience in analyzing 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.
  • CPA is desirable.

    • The typical base pay range for this role is between $114K - $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.

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