Third-Party Risk Management, Vice President

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

This position will report to the FLoD Director Third-Party Management and will be principally engaged in execution of the Third-Party Risk (TPRM) Management oversight of the highest risk-rated third parties in MUFG Americas. Third-Party Risk Management spans the Americas, and this team is key to the success of the program.

Major Responsibilities

• Ensures that all Third-Party Risk Management (TPRM) Policies & Procedures are adhered to in the execution of the program throughout the full TPRM Lifecycle.
• Compliance with applicable rules and guidance impacting the TPRM program including OCC, FBR, FDIC, SEC, FFIEC, FINRA; in addition to 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).
• Interface with second line of defense (SLOD) review and challenge and Internal Audit.
• Primary TPRM support partner for Subject Matter Experts (SMEs), Business Unit Risk Managers (BURMs), and BU Management.
• Support Strategic Planning execution for First Line of Defense (FLOD) TPRM.
• Responsible for addressing, documenting and escalating Trigger Events for their assigned Engagements.
• Support preparation of TPRM portfolio and third-party performance for Risk and Management Committees.
• Provides input into the TPRM Policy and System enhancements.
• Execute activities to support TPRM metrics & reporting; providing insight into third party activity and performance for business unit executives and management committees.
• Provide oversight for outsourced TPM activities ensuring compliance with expected performance and contractual terms and SLAs.
• Responsible for ensuring that the phases of the Third-Party Lifecycle are completed.
• Consults with the relevant Subject Matter Experts and acts as single point-of-contact for Third Party's completion of risk-driven questions and / or documentation requests.
• Responsible for ensuring issues and risks are appropriately remediated or escalation protocols are followed.
• Responsible for the Termination phase of the TPRM Lifecycle.
• Consults with the SR throughout the phases of Third-Party Relationship Lifecycle.
• Responsible for quality of documentation in FLoD and TPRM systems.
• Responsible for providing support for risk assessments for engagements under the Third-Party Portfolio.
• Responsible for information sharing about the Third Party to other TPMs and SRs, as necessary.

Qualifications

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.