Third Party Risk Management, Assistant Vice President

About the role

This position will report to the Director, Third-Party Management for first line of defense TPRM and will be principally engaged in execution of the Third-Party Risk Management (TPRM) oversight of third parties in MUFG Americas. Third-Party Risk Management spans the Americas, and this is a key role in the success of the program.

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.
• Interface with second line of defense (SLOD) review and challenge and Internal Audit.
• 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, as required.
• Provides input into the TPRM Policy and System enhancements.
• 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 proper termination of activities within the TPRM Lifecycle.
• Consults with the Service Requestors 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.
• Awareness of corporate insurance requirements for third parties
• 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 Serivces), and foreign-based regulators (e.g., Japan's Financial Services Agency, Canada's Superintendent of Financial Instiatuions, and those in Latin American).

Qualifications

• Bachelor’s degree required.
• 3+ years Third Party Management experience.
• Basic understanding of the financial services industry.
• Basic understanding of Operational Risk Management Programs and frameworks.
• Experience managing Third-Party relationships.
• Knowledge of regulatory bodies governing financial services.
• Strong analytical mindset, able to manage risks both at the micro and macro levels.
• Able to identify issues and work them to closure, including remediation and escalation where appropriate.
• Strong communication skills and ability to create effective level appropriate executive presentations.
• Discretion and diplomacy when dealing with sensitive issues.
• Awareness of corporate insurance requirements for third parties.
• Commitment to protect the bank from all risk exposure.
• Experience working across a diverse set of stakeholders with positive results.
• Advanced experience with MS Office, Archer, Ariba, and Teams is preferred.

Pay

The typical base pay range for this role is between $91K - $107K 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.

Schedule

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day.