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This is a hybrid position. There are flexible work from home options available. A member of our recruitment team will discuss the options with you in more detail.
The Business Unit Risk Associate supports the Business Unit Risk Management (BURM) team in the “first line of defense,” responsible for supporting and coordinating the application of the enterprise’s operational risk management framework within the Los Angeles based MUFG Union Bank (MUB) Sales & Trading unit. Primary focus is on identification, assessment, and monitoring of key business operational risks. The Business Unit Risk Associate reports to both the Markets Business Unit Risk Manager (BURM) and the manager of the Risk & Controls Office for the West Coast.
The Business Unit Risk Associate will play an integral role in monitoring and evaluating the effectiveness of operational risk management for the MUB Sales & Trading Unit within Global Markets including: FX and Interest Rate Derivatives Sales and Trading.
Major Responsibilities:
- Help assess the effectiveness of established operational risk management controls
- Assist in the completion of annual risk and control self-assessments
- Identify, document, and monitor risk events, losses and issues requiring attention
- Monitor, track, and report on remediation activities related to control deficiencies
- Monitor key risk metrics
- Support product risk assessments and new product initiatives
- Provide ad-hoc support for West Coast risk team as needed
Qualifications:
- As part of Markets’ Risk Management team, this position requires a general knowledge of and sensitivity to the current regulatory environment; understanding and adherence to the Bank’s Risk Vision;
- Knowledge and application of operational risk management policies
- Programs and techniques
- The ability to recognize and proactively address risk
- Experience in and knowledge of activities supporting operational risk management including regulatory expectations and industry best practices is required
- Specific experience in one of the Markets disciplines (i.e. FX Sales and Trading, Interest Rate Derivatives) and Swap Dealer regulation is highly desirable, preferably within the associated areas of operations, risk management, regulatory environment, or accounting systems
- BA/BS degree or equivalent experience in finance, business or another relevant discipline
- Minimum 3-5 years of relevant experience performing operational risk analysis as a risk manager, auditor, regulator, or similar capacity in the financial services industry
- Ability to use analytical, evaluative and/or critical thinking skills to assess risks and controls in banking processes and proactively identify additional risks that should be monitored or addressed
- Ability to assimilate, evaluate and articulate business impact when control exceptions are identified
- Excellent written and verbal communication skills
- Ability to prioritize assignments to meet critical deadlines
- Ability to work with a moderate level of guidance
- Proficiency with Microsoft Office Suite, Visio, SharePoint, PowerPoint
- Comfortable working in a fast-paced, highly collaborative environment
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.
Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.
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