About the Role
This position will report to the FLoD Director Third-Party Management and will be principally engaged in execution of the Third-Party Risk (TPRM) Management oversight of the highest risk-rated third parties in MUFG Americas. Third-Party Risk Management spans the Americas, and this team is key to the success of the program.
Major 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.
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 Services), and foreign-based regulators (e.g., Japan’s Financial Services Agency, Canada’s Superintendent of Financial Institutions, and those in Latin American).
Interface with second line of defense (SLOD) review and challenge and Internal Audit.
Primary TPRM support partner for Subject Matter Experts (SMEs), Business Unit Risk Managers (BURMs), and BU Management.
Support Strategic Planning execution for First Line of Defense (FLOD) TPRM.
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.
Provides input into the TPRM Policy and System enhancements.
Execute activities to support TPRM metrics & reporting; providing insight into third party activity and performance for business unit executives and management committees.
Provide oversight for outsourced TPM activities – ensuring compliance with expected performance and contractual terms and SLAs.
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 Termination phase of the TPRM Lifecycle.
Consults with the SR 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.
Responsible for information sharing about the Third Party to other TPMs and SRs, as necessary.
Requirements
- Bachelor’s degree.
- 7+ years Third Party Management experience.
- Broad view of the financial services industry; previous working experience within Capital Markets, Asset Management, Broker Dealer, Finance, Treasury and or risk management
- Strong knowledge of Operational Risk Management Programs and frameworks including (but not limited to): RCSA, Loss data, Products and Services, Scenario Analysis, KRM/KRI and Issue Management).
- Significant experience managing complex and dynamic Third-Party relationships.
- Knowledge of regulatory bodies governing financial services and in providing guidance for adherence and monitoring the financial services industry.
- Strong analytical mindset, able to manage risks both at the micro and macro levels.
- Ability 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.
- Desire and talent for building and maintaining relationships.
- A commitment to protect the bank from all risk exposure.
- Experience working across a diverse set of stakeholders with positive results.
- Preferred advanced experience with MS Office, Archer, Ariba, and Teams.
About the Company
MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,100 locations in more than 40 markets including the Americas, Europe, the Middle East and Africa, Asia and Oceania. The Group has over 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. Through close partnerships among our group companies, the Group aims to be the world's most trusted financial group, flexibly responding to all of the financial needs of its customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges.