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MUFG Union Bank Director of First Line of Defense (FLOD) Control Framework, Standards, Practices in Charlotte, North Carolina

Director of First Line of Defense (FLOD) Control Framework, Standards, Practices - 10042999-WD

Description

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020). In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed, and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Overview

The Control Framework Standards and Monitoring (CFSM) Program within the Central Risk and Control Office (CRCO) is being implemented to drive the timely, sustainable and effective first line of defense (FLoD) execution of risk management frameworks defined by the second line of defense (SLoD), and drive toward effective internal controls through the following objectives:

  • Develop, maintain, and oversee execution standards for the FLoD risk governance activities (to include testing, monitoring, reporting and governance).

  • Enhance aggregated reporting and governance to increase the transparency of the control environment across FLoD, to include development and implementation of quantitative metrics to measure FLoD effective implementation of SLoD risk management frameworks.

  • Develop and oversee standards for FLoD Horizontal Control Programs (HCPs) (including Change Management, Fraud, Information Risk, Products & Services and Data).

  • Enhance identification, oversight and escalation of risks and state of the first line control environment.

  • Promote quality FLoD and SLoD interaction to enhance FLoD control execution and of SLoD risk frameworks.

  • Establish a process to track and report on risk policy implementation within the FLoD.

  • Implement and manage the Americas Enterprise Control Taxonomy (AECT).

Job Summary:

The position of Director – Enterprise-wide Business Control Framework, Standards, and Practices is a leadership role that will support CFSM through the following key responsibilities:

  • Lead the development and oversee implementation of control lifecycle requirements (e.g. governance, risk identification, risk appetite, monitoring and reporting, and testing) and methodology across the first line of defense.

  • Develop, maintain, and oversee the ongoing enhancement to the firmwide Control Taxonomy.

  • Develop, maintain, and oversee the risk policy change management process (i.e. policy intake from the SLoD and supervising FLoD implementation of the policies).

  • Develop, implement, and oversee applicable CFSM activities (e.g. procedures, standards, reporting) required to execute day-to-day activities.

  • Support aggregated reporting and governance to increase the transparency of the control environment across FLoD, to include development and implementation of quantitative metrics to measure FLoD effective implementation of SLoD risk management frameworks.

Major Responsibilities:

  • Provide strategic thought leadership and subject matter expertise in risk and control management practices.

  • Lead and direct efforts to develop, implement, and maintain

  • Control lifecycle requirements, procedures, processes, tools, and templates for FLoD control owners.Requirements to include Monitoring, Testing/Validation, Reporting and Governance.

  • Develop detailed roles and responsibilities to ensure key stakeholders are provided with the appropriate standards, templates, forms, and other documentation necessary to complete risk and control activities.

  • Develop the training and communication strategy and materials related to CFSM requirements, and conduct training as applicable.

  • Continuously enhance control lifecycle activities through deployment of new/improved tools, technology, or standardization of processes.

  • Propose ongoing governance and change management process enhancements, including minimun update frequency, requirements for ad hoc updates, roles & responsibilities, escalations, and reporting requirements.

  • Develop, maintain, and oversee the risk policy intake and change management process (i.e. policy intake from the SLoD and supervising FLoD implementation of the policies).

  • Provide input to the escalation of FLOD control related matters to relevant management reporting and committees.

  • Partner with the second line to influence second line approach and strategic prioritization.

  • Track regulatory and industry developments by monitoring relevant sources

  • Develop and manage staff.

  • Manage annual staff compensation reviews, determination, and disposition.

  • Manage FLOD risk and control related regulatory examination and internal audit requests and responses, as applicable.

Qualifications

Qualifications:

  • Typically, requires 10-15 years of related experience in the financial services or banking industry supporting risk and control management related functions.

  • Strong knowledge of the banking industry.

  • Experience in leading program transformational change and proven track record in project management and coordination / integration efforts across multiple groups.

  • Experience in integration and interaction with other risk management processes, issue management, MRA / MRIA remediation and understanding of regulatory expectations, risk reporting, and quality assurance.

  • Strong knowledge of, and experience with, Operational Risk and associated frameworks, to include implementation of control programs in the first line

  • Experience working with internal and / or external audit.

  • Knowledge of regulatory expectations for risk management, including heightened standards (1st, 2nd, and 3rd lines of defense) and examination management.

  • Familiarity with US regulations, compliance, and governance.

  • People management experience strongly preferred.

  • Excellent communication and presentation skills, both oral and written with experience presenting to senior management.

  • Experience managing challenging discussions with senior leaders, with the ability to influence regardless of hierarchy/reporting lines.

  • Strong leadership, relationship development skills and ability to lead through influence across business units and/ or stakeholders.

  • Flexibility to adapt approaches to meet the needs of a broad range of business units and multiple stakeholders.

  • Well organized, analytical, and effective planner.

  • Strong work ethic takes the initiative, capable of multitasking and making decisions under tight deadlines, with a large portfolio of responsibilities.

  • High degree of professionalism, good judgment, and confidentiality in handling sensitive information.

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 / Affirmative Action 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 in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses

Job : Risk

Primary Location : NORTH CAROLINA-Charlotte

Job Posting : Apr 20, 2021, 12:45:47 PM

Shift: : Day

Schedule: : Full Time

Req ID: 10042999-WD

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