Operations Risk and Control

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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.

The Operations Risk and Control AVP will be responsible for assisting with the duties of the BURM (Business Unit Risk Manager) for Operations. The associate will be responsible for key aspects related to issue management, risk assessments, control testing, risk metric reporting, documenting loss events, and assisting operations business lines with internal audits and/or RCSA’s.Responsibilities Completing Issue Closure Templates Issue Management Assist with the support remediation of gaps via remediation plans that adhere to issues management mandates: timely issue and corrective action submission, accurate root cause identification, corrective action monitoring, on time closure, no failed validations, and no repeat issue

Assist and participate in the identification of issues and partner with stakeholders in opening issues (Audit/Compliance/Management Identified)
Acquiring the necessary management approvals

Scheduling the DRM review meetings and submitting final template to BURCO Team for Review Assist with Project Managing the Issue/Action Plans for the following Key Issues (e.g. Registration of EUCs for MUSA Operations, Record Retention)
Maintaining Open Page Records (Progress Status Updates, Linking Issues To Risk and Controls, Losses, etc)
Risk Assessments Assist with the execution of front-line risk assessment activities (ad hoc Risk/Controls review, all components of the Risk and Control Self-Assessments (RCSA), Fraud Assessments, Third Party Vendor Assessments, Scenario Analysis, Monthly Risk Reporting)
Understanding of Risk Taxonomy’s, Inherent Risk Rationales, Proper Control Descriptions, Basel Risk Categories Control Testing Support Control Testing Team gather necessary samples needed to test controls

Rewrite controls to meet control description requirement

Metrics & Reporting Prepare risk reporting, risk analysis and risk mitigation recommendations including control environment performance and risk management plans in place for critical issues

Prepare key risk management reporting such as (e.g. Risk Management Business Review (M ), Risk Metric Reporting, Issue Management Reporting)
Assist with creation/tacking/management of MUSA Operations SLA Metrics between Front Office and MUSA Operations Assist with Monthly Trigger Event Reporting Risk Event Losses Identify/Report/Track Risk Events and Report to Operational Risk Management (ORM) Team Monitor and evaluate emerging risk, internal operational trends, and external risk events for potential impact to control environment

Audit/Compliance Assist in Preparation/Maintenance/Tracking of Audit/Compliance Calendar Mitigate Audit Issues and Draft Management Action Plans Support management to generate various metrics reports for senior management and board level…