Contract Fixed Term - Business Unit Risk and Controls Officer, 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.

Support the Senior Business Unit Risk & Control Officer to fulfill risk identification, assessment and reporting responsibilities. Assist in implementation of risk controls and management remediation activities for control deficiencies. Liaise among BURCO, BURMS, Compliance and Risk Management.

This is a 1-year contract.

Responsibilities:

• Facilitate and execute FLOD responsibilities of a BU for managing risks associated with its activities and operational processes, including ensuring internal control systems are effective and as prescribed by SLOD policies and procedures, as well as, regulatory requirements.
• Provide oversight, reporting and monitoring of BU risks and associated controls, including with respect to Liquidity, Market, Interest Rate, Credit, Compliance, Strategic, Reputational and Operational Risks.
• Ensure internal controls are designed properly and operating effectively and data documented and validated in Open Pages, the system of record. Identify and document control failures, initiate issues records and collaborate with control owners on remediation plans.
• Participate in control walk-throughs and produce clear, well-structured documentation.
• Support and transition the Issue Management process in Canada Branch as this role evolves in the Americas.
• Facilitate and maintain (RCSA) Risk and Control Self-Assessment evaluations for all significant Processes, including Inherent and Residual Risk rankings, and identify key changes made by the Business Unit in the evaluations.
• Review work papers and evidence prepared by testers for completeness and accuracy. Ensure adherence to RCSA testing methodology and documentation standards.
• Perform control testing activities that validate compliance with bank policies, procedures and regulatory requirements.
• Participate on ad-hoc working groups to address and resolve new areas of risk within their area of responsibility.
• Responsible for ensuring that the resources dedicated to risk management within their area of responsibility are qualified and sufficient to efficiently and effectively carry out the required functions.
• Monitor risk management activities to ensure they are properly performed and completed within all units within their area of responsibility.
• Keep Senior BURCO and Executive Management apprised of changes in inherent risk or control breakdowns/deficiencies that could impact residual risk.
• Build strong relationships with SLOD and TLOD and addressing questions and responsibilities in a timely manner.

Experience & Abilities: 

• 5+ years’ banking/risk management experience.
• Solid understanding of risk management, financial statements and banking fundamentals.
• Ability to foster collaboration.

Technical Skills:

• Proficiency in Word, Excel and PowerPoint.
• Strong analytical skills with emphasis on monitoring and testing.
• Strong business writing skills.
• Experience in OpenPages is an asset.

Education:

• Bachelor’s degree or equivalent work experience

The job description and related application pertains to an opportunity with either MUFG Bank, Ltd., Canada Branch (“MUFG Bank Canada”) or MUFG Securities (Canada), Ltd. (“MUFG Securities Canada”). The job description relates to the general nature, scope, quantity and quality of work contemplated for the position. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills and abilities of the incumbent. The receipt of an application by either MUFG Bank Canada or MUFG Securities Canada, as applicable, does not imply or guarantee employment.

Each of MUFG Bank Canada and MUFG Securities Canada is an equal opportunity employer.

• As a federally regulated entity, MUFG Bank Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Canadian Human Rights Act and the Canada Labour Code. Where MUFG Bank Canada obtains information relating to protected grounds under the Canadian Human Rights Act as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Bank Canada does not use such information for decision making purposes relating to the position contemplated in this application.

 

• As a provincially regulated entity, MUFG Securities Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Human Rights Code (Ontario) and the Employment Standards Act (Ontario). Where MUFG Securities Canada obtains information relating to protected grounds under the Human Rights Code (Ontario) as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Securities Canada does not use such information for decision making purposes relating to the position contemplated in this application.