Global Corporate & Investment Banking - Business Unit Risk Manager

About the role

The Business Unit Risk & Control Manager (BURM) position is within the Global Corporate & Investment Banking (GCIB) Business Unit, reporting to the GCIB Business Unit Risk & Control Officer. This role plays a critical role in safeguarding MUFG by ensuring the effectiveness of key controls within business processes.

Responsibilities

• Identify material risks within the GCIB business unit and ensure proper design and operating effectiveness of applicable internal controls, in accordance with non-financial risk policies.
• Perform horizon scanning across the GCIB business unit to identify emerging issues and develop risk mitigating actions.
• Lead transformation within the GCIB Risk & Controls team to implement process efficiencies that align with ongoing changes in the MUFG environment.
• Develop and implement practices within GCIB that monitor risks arising from the use of artificial intelligence tools in business activities.
• Support GCIB leaders across business initiatives, ad hoc requests for information, and real-time risk management inquiries.
• Facilitate interactions between required key stakeholders to drive completion or resolution of identified issues related to control testing.
• Oversee testing of controls based on internal and industry standards and guidelines for design and effectiveness.
• Lead iterative review and challenge across all team deliverables, working with appropriate stakeholders across the lines of defense to build consensus.
• Establish new protocols to enable continuous risk monitoring, leveraging automated tools, where available.
• Manage a team of ~10 employees, while managing a budget effectively.
• Demonstrate ability to attract, recruit, motivate, develop, and retain key talent; creating a unified team dedicated to risk management.

Requirements

This position requires 10+ years of risk and control experience, including managing teams, preferably in a financial institution or other highly regulated environment. Experience implementing, executing, building or enhancing risk and control frameworks, leading transformation of business processes, interacting with regulators on examinations and issues remediation, interacting with second line of defense (SLoD) and third line of defense (TLoD) teams on issues life cycle, examinations, and emerging trend identification, presenting balanced risk perspectives and interacting with senior risk and control governance committees, managing resources (people, tools and/or budget) effectively to execute the required functions, and knowledge of the transaction cycle of several financial service products are preferred.

Qualifications

• Degree or equivalent work experience equally preferable.
• Prior supervisory and management role with a focus on talent development.
• Strong knowledge of the inherent risk in the business line.
• Ability to analyze risk trends, identifying signs of changing risk levels.
• Strong skills in risk assessment analysis, governance, and reporting; solid understanding of business and financial markets.
• Excellent skills in risk assessment analysis, governance, and reporting; solid understanding of business and financial markets.
• Ability to summarize technical risk management concepts into easy-to-understand business language.

Skills

• Demonstrated strength as a problem solver in a team environment by thinking outside of the box, providing innovative solutions with and without technology.
• Excellence in process documentation, risk and control assessments, and designing/executing risk control test scripts.
• Strong knowledge of the inherent risk in the business line.
• Ability to analyze risk trends, identifying signs of changing risk levels.
• Strong skills in risk assessment analysis, governance, and reporting; solid understanding of business and financial markets.
• Ability to summarize technical risk management concepts into easy-to-understand business language.
• Ability to attract, recruit, motivate, develop, and retain key talent; creating a unified team dedicated to risk management.

Benefits

The typical base pay range for this role is between $165K - $220K 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. For more information on our Total Rewards package, please click the link below. MUFG Benefits Summary