Senior Risk Specialist – Independent Risk Management and Controls, MUFG

📁
Bank Examination
📅
262055 Requisition #

Job Summary:


We have an excellent opportunity on the Federal Reserve Bank of San Francisco’s dedicated supervisory team that provides regulatory oversight of Mitsubishi UFJ Financial Group’s (MUFG’s) U.S. operations. MUFG is headquartered in Tokyo, Japan and is one of the largest banking organizations in the world. U.S. operations of MUFG include significant commercial banking, investment banking, brokerage, and asset management activities. As a Senior Risk Specialist, your primary role is to be a critical contributor to the dedicated supervisory team’s overall evaluation, assessment, and rating of MUFG’s Governance and Controls at a holding company level as well as across Combined U.S. Operations. 


The position reports to the MUFG Dedicated Supervisory Team’s Governance and Controls Manager and emphasizes ongoing monitoring and assessment of MUFG’s independent risk management and controls across several areas including Chief Risk Officer roles and responsibilities; risk appetite and limits; and risk identification, measurement, and reporting.  As well, additional areas of supervisory interest may be assigned based on aptitude and team needs (e.g., data governance, payments systems and/or management of business lines).  As a key member of the team, you will develop and execute a supervisory coverage strategy for your assigned coverage areas and be responsible for providing ongoing critical assessments and opinions.


You should possess expertise in enterprise-wide risk management, corporate governance, tools and risk control processes such as new product approvals, risk control self-assessments, and open issues management.  As well, a strong understanding of the role of senior management and the board of directors, and ability to track and assess project management in a large bank environment is an essential complement to providing a robust supervisory assessment. Finally, you necessarily must possess the ability to collaborate with other risk specialists covering operational, credit, market, legal, and compliance risks.  


This role will be part of the Federal Reserve’s national program for Large Foreign Banking Organizations (LFBOs). MUFG is subject to tailored prudential standards under the Dodd Frank Act and SR Letter 12-17. The supervisory framework for the LBO and FBO program focuses on two objectives:

  • Improving the resiliency of a firm to lower the probability of its failure or inability to serve as a financial intermediary.
  • Reducing the impact on the financial system and the broader economy in the event of a firm’s failure or material weaknesses.

  Job Responsibilities:

  • Support the Central Point of Contact (CPC) in the development and execution of a strong supervisory program at MUFG in accordance with the Federal Reserve System’s LFBO Management Group requirements.
  • Build and maintain an advanced level of expertise in independent risk management and controls: existing regulatory requirements and guidance from relevant SR letters; proposed rules and guidance from the U.S. regulatory agencies; and best practices identified during Federal Reserve horizontal reviews.
  • Maintain a deep understanding of industrywide trends, effective risk measurement and management practices, and emerging concerns that may impact MUFG’s U.S. operations.
  • Monitor and evaluate developments impacting the effectiveness of MUFG’s independent risk management practices through in-depth review and analysis of internal management reports and regular interaction with MUFG’s management.
  • Play a leading role in the assignment of the Governance and Controls rating under the Large Financial Institution (LFI) Rating System (SR 19-3). To support this objective, lead target reviews and examinations, which includes determining areas for review; development of scope and objectives; execution of procedures; engagement of Division and System risk groups to consider broader perspectives; and development of products that provide well-supported safety and soundness conclusions.
  • Demonstrate agility by assisting in other supervisory events and continuous monitoring in the areas of Capital and Liquidity, assessments of management of business lines, and internal audit. This includes active participation in the annual roll-up inspection and coordinated reviews with specific emphasis on effective and timely engagement with Horizontal examination teams and System resources in arriving at well-supported supervisory assessments.
  • Ensure timely delivery of high quality supervisory work products where required.
  • Enable strong interagency coordination through collaboration with other supervisors (OCC, FDIC, SEC, etc.) and other internal partners (i.e. within the division, across the system and at the Board of Governors).


Position Requirements:


  • An applicant for employment must be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen.
  • Bachelor’s degree in business administration, finance, economics, or other related field is required. Advanced degree is preferred.
  • Minimum four years of direct or comparable regulatory, financial industry, consulting, and/or banking experience with a focus on governance and controls. Ten or more years for senior level.
  • Ability to cultivate good working relationships with a variety of key partners.
  • Strong analytical, written and verbal communication skills.
  • Ability to synthesize high volumes of information to formulate well-supported and concise views.
  • Travel is required (up to 50%)
  • Position subject to rotation after a term of 5 years.
  • You should be able to demonstrate the following Behavioral Competencies: Critical Thinking, Collaboration, Influence, Achievement, and Innovation


Preferred:

  • Graduate degree, equivalent work experience, professional certifications, and specialized degrees in related fields are desirable but not required.
  • An examiner commission from a federal or a state banking supervisory agency or relevant experience and training required for entry into the Interim Examiner Commissioning Program for Large Financial Institution Supervision.
  • Knowledge of large bank supervision and familiarity with the Federal Reserve’s Supervision Framework for Large Financial Institutions.
  • Broader knowledge of other financial resiliency areas (e.g. credit, market, interest rate risk)

The Federal Reserve Bank of San Francisco believes in the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve.

 

The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer.

  

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