MUFG Americas

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Independent Fraud Risk Manager, Vice President

at MUFG Americas

Posted: 5/10/2019
Job Status: Full Time
Job Reference #: 10027761-WD
Keywords: operations

Job Description

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group.

Job Summary:

As an Independent Fraud Risk Manager, you will report to the Head Independent Fraud Risk Management, and be a senior leader in the Operational Risk Management function.

You will be responsible for oversight of MUAH and MUFG Bank US Branches fraud risk programs including:

  • Fraud risk assessment review/challenge routines

  • Aggregated risk reporting
  • Fraud approval for new products
  • Assuring performance adheres to approved risk appetite

  • Providing industry guidance/reporting around emerging threat and trend

Additionally, you will have oversight responsibility for first line of defense fraud risk activities.

Are you ready for this exciting challenge?

Major Responsibilities:

How you'll make an impact:

  • You will provide ongoing independent review and challenge for First Line of Defense (FLoD) fraud risk activities and compliance with the Fraud Risk Program.

  • You will support fraud working group(s) of key partners discussing fraud risks and mitigation measures.

  • You will deliver aggregated reporting dashboard of fraud risk by entity (assessment and performance).

  • You will track fraud program risk appetite by entity and escalate breaches.

  • Annually review, assess and provide feedback on the reasonableness of FLoD Fraud Operations program, loss plan and risk appetite thresholds.

  • Develop monthly performance discussions with FLoD Fraud operations, to review performance, risks and emerging threat.

  • Review, analyze and independently evaluate FLoD Fraud risk assessment submissions.

  • Perform ongoing monitoring and analysis of fraud key risk metrics, to flag emerging threat and exposure to senior leadership.

  • You will develop required Fraud FLoD key risk metric and reporting routines.

  • You will work closely with industry partners/peers to stay on top of evolving risk/threats and industry practices.

  • Assist with the development of Fraud guidance chapters for policy to support the development of Control Objective requirements for FLoD.

  • Assist in the development of Enterprise Fraud training modules/workshops, to assure content is current and business cases developed to keep awareness across the firm high.

  • You have 7+ years direct work experience in fraud management / fraud operations in the financial industry, and typically a BA or BS degree

  • You bring a deep understanding of fraud management operations from both process and technology perspectives.

  • You have expertise in fraud/risk assessment analysis, identifying fraud trends and signs of changing risk levels.

  • You have the ability to build collaborative and productive working relationships, consensus and a sphere of influence with business teams and others across all functions.

  • You are an outstanding teammate who can excel in a dynamic, challenging environment with a strong desire to continuously improve and learn new things.

  • You possess excellent communications skills, both oral and written with experience presenting to senior level management.

  • You have experience managing challenging discussions with senior leaders, with the ability to influence regardless of hierarchy/reporting lines.

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 in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!