Risk and Control Vice President

Job Description

In this role you will focus on implementing frameworks designed to identify, evaluate, and manage business operation-related risks and controls across the company or a particular business or function. Responsibilities include integrating that framework with business operations and keeping key stakeholders across the organization informed regarding their control environment; leading or supporting various programs, including Risk and Control Self-Assessment (RCSA), Products & Services process, Key Risk Metrics, Incidents, Issues, Scenario Analysis, and other risk policies, standards, and processes.

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Responsibilities

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· Drive implementation and sustainment of operational control framework.

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· Evaluate and benchmark process execution against outstanding standards.

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· Manage the execution of business group controls self-assurance and risk assessment activities (ad hoc controls review, risk and control self-assessments (RCSA) and independent risk and audit activities as needed).

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· Drive control design for business groups controls and consult with business partners in support of their commitments to align with all applicable laws, regulations, and internal policies and procedures.

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· Perform review and challenge of business groups controls.

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· Support the timely and efficient execution of Key Control testing processes.

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· Drive risk culture; influence self-identification and disclosure of control self-assurance gaps.

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· Ensure gaps are addressed 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 issues.

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· Monitor and evaluate emerging risk, internal operational trends, and external risk events for potential impact to control environment.

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· Prepare risk analysis and risk mitigation recommendations.

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· Support risk governance by ensuring our control environment performance is reported and has risk management plans in place.

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· Support the preparation of risk and controls governance materials as needed.

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· Manage key risk metric creation for inherent risks in accordance to the enterprise risk appetite, and investigate when metric breaches occur.

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· Act as the Risk and Control Manager for the assigned business divisions/groups.

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• Based on changes in the business work environment, job responsibilities can change, and removed accordingly. Additionally, this position will perform other duties as required, and participate in special projects as deemed necessary and appropriate by Management.

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Skills & Requirements

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Education: Bachelors Degree in Finance or other related major.

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Experience: 8–10 years of relevant experience in operational risk management with a focus on Global Custody (includes operations, operational risk management, compliance, and audit), or a combination thereof within banking, or other highly regulated environment.

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• Knowledge in Payments areas including, but not limited to: Wires, ACH, Check, and Fraud.

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• Knowledge of critical domestic and international banking regulations (BSA/AML, Dodd Frank, USA Patriot Act and OFAC, ERM Framework, etc.) and experience with enforcement agencies oversight activities (regulatory examinations, matters requiring attention (MRAs), etc.)

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•Experience with executing risk assessment/testing methodologies evaluating the adequacy and efficiency of internal controls; and identifying issues resulting from internal and/or external compliance examinations.

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· Experience with process documentation, risk and control assessments, and designing/executing test scripts

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· Understanding of the regulatory environment and regulations related to operational risk, and Office of the Comptroller of the Currency (OCC) and Federal Reserve Board (FRB) expectations

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•Experience with risk metrics definition and reporting/scorecard development utilizing key risk metrics tools (IBM Open Pages, Tableau, Power BI etc.).

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•Experience in creation and review of work papers to document testing and/or issue closure, and experience in the management of regulatory matters.

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•Experience with automating and/or the ability to conceptualize automated control solutions.

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• Excellent communication, presentation, and influencing skills, and ability to manage stakeholders across multiple disciplines.

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• Ability to work effectively in team environment, and influence across all interpersonal levels, where flexibility, collaboration, adaptability, challenge, and influence are important, thinking outside of the box and providing innovative solutions, with and without technology

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• Excellent analytical, organizational, and conceptual skills.

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• Strong planning and organizing skills; ability to multitask and deal with varied workload.

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• Ability to manage multiple priorities concurrently, prioritize, and efficiently complete responsibilities while maintaining the highest quality

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• Ability to constructively work both independently and in collaborative environments involving all levels of management and employees

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• Strong work ethic, ability to make decisions, and work under tight deadlines; achievement-oriented and takes initiative.

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• Deep working experience with regulations applicable to the banking and finance industry required

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• Deep understanding of financial institution processes, products, and risk.

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• Curiosity and interest in applying AI in the risk management space.

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• Proficiency in Microsoft Windows, Word, Visio, Advanced Excel and/or Access, knowledge in Power BI.

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The typical base pay range for this role is between $125K - $160K depending on job-related knowledge, skills, experience and location. Additionally, our Employee Benefit 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, 401(k) retirement and savings plan, educational assistance and training programs, paid maternity and parental bonding leave, and paid vacation, sick leave, and holidays.

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Mitsubishi UFJ Trust and Banking Corporation New York Branch ("MUTB-NY") is an Equal Employment Opportunity Employer.

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If you are interested in applying, please provide your resume to: View email address on ziprecruiter.com.