Risk & Controls Testing & Assessment Lead, Vice President

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 150,000 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 :

In this role you will focus on managing the execution of RCSA Control Testing in alignment with the Bank's RCSA Program for control design and operating effectiveness testing. Responsibilities include review of new and existing controls to ensure control design is effectively documented to support risk mitigation, evaluate control execution for operating effectiveness testing, draft testing steps for control testing execution, and ensure effective documentation is retained to support testing outcome.

As part of an effective risk and control framework, Testing & Assessment documents and executes risk and control testing responsibilities across various processes, business lines and entities. There is a comprehensive coverage and joint accountability model that promotes early identification and assessment of operational risk, effective design and evaluation of controls, and sustainable solutions to mitigate operational risk.

Responsibilities

Manage the execution and documentation of RCSA Control testing for in-scope processes across the First Line of Defense (FLoD) business units

Partners with stakeholders, including process owners and control officers, to document controls, enhance control language, and develop / maintain test scripts that validate controls are being performed in compliance with bank policies, procedures, and regulatory requirements to mitigate operational risk to the firm

Execute testing of RCSA controls based on internal and industry standards and guidelines for design and effectiveness

Participate in control execution walkthroughs and prepare workpapers

Coordinate control testing activities, including logistical scheduling and document retrieval to support control testing in accordance with internal requirements

Liaise with risk assessment teams and other stakeholders to ensure control testing is aligned with broader risk assessment activities

Develop and distribute status reporting and communication related to control testing activities

Provide ongoing communication to internal stakeholders throughout the testing process to keep them apprised of progress and findings, escalating when appropriate

Prepare written reports that summarize the objectives, scope, findings, and conclusions for each assigned review

Support iterative review and challenge of assessment results, working with appropriate stakeholders across the lines of defense

Coordinate required meetings, reviews, and scheduling needs

Prepare materials for ongoing team meetings and meetings with senior management

Manage resources to ensure successful completion of the plan. Perform traditional managerial functions including staff recruiting, establishment of performance goals, coaching and training, performance counseling and appraisal, and salary administration.

Qualifications

Bachelor's degree in Finance, Business, Information Systems or equivalent preferred

Preferred : degree from a competitive school, demonstrating a strong academic and extracurricular track record

5-6 years of experience in risk and controls

2-5 years of experience in operational risk and controls performing audit, monitoring, or control assessments or implementation of control measures

2-5 years of experience managing a team of professionals, ideally in a risk and control organization.

Experience with process documentation, risk and control assessments, and designing / executing control testing scrips

Experience performing comprehensive Quality Assurance reviews with providing direct and meaningful feedback.

Understanding of the regulatory environment and regulations related to bank products and services, and Office of the Comptroller of the Currency (OCC) and Federal Reserve Board (FRB) expectations

Experience with problem solving in a team environment by thinking outside of the box and providing innovative solutions, with and without technology

Experience in working with multiple risk and control domains such as transaction processing, quality control / quality assurance, secondary review processes, technology controls

Experience in designing, implementing, and operationalizing continuous control testing and monitoring of RCSA controls

Ability to manage multiple priorities concurrently, prioritize, and efficiently complete responsibilities while maintaining the highest quality

Ability to support work streams with sometimes limited oversight / information from inception to completion

Ability to identify obstacles and work in conjunction with others to identify options / solutions

Ability to constructively work both independently and in collaborative environments involving all levels of management and employees

Strong written and verbal communication skills to articulate information clearly and effectively

Strong analytical skills that can work with data, dashboards, and reporting

The typical base pay range for this role is between $124K-$162K depending on job-related knowledge, skills, experience, and location. 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.

At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!

Our Culture Principles

Client Centric

People Focused

Listen Up. Speak Up.

Innovate & Simplify

Own & Execute