Operational Risk Associate (9 Months Term)

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Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 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.

Role Overview:

Reporting within the Corporate Center Risk and Control function, the Operational Risk Associate / AVP will be responsible for documenting process flows, performing risk assessments, supporting issue management, documenting operational loss events, metric reporting, and supporting third party management processes.  The role includes supporting the execution of the Risk Control Self-Assessment framework and Issue Management related processes.  The successful candidate will have a keen interest in learning about risk and various disciplines and be able to work independently as well as with others at various levels within the organization to properly ensure risk assessments are completed on time and meet the Bank’s quality standards. Potential for flexible work arrangements for well qualified candidates.  

Role Responsibilities:

• Prepare RCSA Documentation
• Document critical business process flows
• Support Business Unit and Division Risk Managers in execution of Risk Control Self Assessments in the   Bank’s GRC tool 
• Support the Control Testing Office in timely and efficient execution of Key Control testing processes 
• Issues management
• Work with stakeholders to document Issues and corresponding action plans
• Monitor progress of remediation activities
• Perform issue validation
• Perform data analysis and reporting related to key risk metrics
• Provide accurate and timely operational risk reporting
• Assist with operational loss events and determining root cause analysis
• Assist with recurring reporting routines
• Perform ad-hoc assessments 
• Assist with other risk assessment requests from second line risk management groups such as Third-Party Risk, Compliance, Enterprise Risk

Technical skills:

• Strong verbal and written communication skills
• Highly motivated professional with understanding of key risk concepts
• Familiarity with Risk Management Frameworks and Processes
• Proficient with the following technology tools: Microsoft Office 365 (Excel, PowerPoint, Word, TEAMS and Visio)
• Experience with GRC Tools – Open Pages, Archer, Jira)

Experience & Abilities:

• 3-5 years of experience in the financial services industry in risk management or internal audit environment
• Strong work ethic, ability to work independently to drive results, while contributing to a team
• Ability to build relationships with people at all levels; 
• Ability to produce high quality process documentation with quick turnaround times
• Strong attention to detail
• Exceptional organizational skills

Education:

Bachelor’s degree or equivalent

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.