MUFG Americas

Receive alerts when this company posts new jobs.

Similar Jobs

Job Details

Third-Party Risk Manager, Vice President

at MUFG Americas

Posted: 4/24/2019
Job Status: Full Time
Job Reference #: 10027401-WD

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:

Responsible for compliance to MUFG's Third-Party Risk Management Program for third-party vendor relationship engagements for relevant business units or divisions of business units. Consult/advise business units on the management of all Third-Party program requirements.

Major Responsibilities:

Third-Party Performance Management:

  • Manage a rigorous schedule of third-party risk assessments and ensure a summary opinion regarding the nature of third-party performance is rendered and supported, along with the identification of any third-party risk issues. Gathering data and documentation necessary to complete the Third-Party Scorecard based on contractual obligations.

  • Planning and facilitating Third-Party Performance Review meetings with Third Party and internal stakeholders, taking all meeting minutes and managing any follow up activities relevant to Third-Party Performance.

  • Facilitate the escalation of Third-Party incidents or perpetual performance failures to the appropriate executive levels and or executive committees.

    Third-Party Ongoing Monitoring:

  • Document, review, research, and gathering content and information on behalf of profiling the scope of services and inherent risks of the vendor. Ensure compliance of Third-Party Risk Assessments for assigned vendors.

  • Evidencing all TPRM procedural requirements in the TPRMS system of record.

  • Ongoing Monitoring documentation review, research, content gathering and document creation.

  • Issue documentation, research, review and reporting including collaboration with Third Parties and Third-Party Management stakeholders to resolve any deficiencies identified in the TPRM process.

  • Collaborate with the business stakeholders and Third-Party relationship managers to remediate issues.

  • Prepare and analyze Third-Party risk reporting and program exceptions for management.

  • Maintain current working knowledge of regulatory requirements, Bank's Third-Party Risk framework, and relevant risk management policies and procedures by attending required training.

  • Ensure compliance with the Bank's Third-Party Risk Management objectives.

  • Maintains all files and records relating to vendor activities and maintains a current list of vendor contacts for timely resolution of issues.

  • Typically requires Bachelor's degree or equivalent plus 7+ years Third-Party Vendor Management, Contract Management or Business Analyst experience, preferably in relevant line of business

  • Experience managing complex and dynamic Third-Party relationships

  • Domain experience in relevant business line

  • Knowledge of various regulatory bodies and guidance governing and monitoring the financial services industry

  • Ability to interpret Master Service Agreements (MSAs) and Statements of Work (SOWs) and identify gaps and/or terms to enforce service performance

  • Strong analytical mindset, able to manage risks both at the micro and macro levels

  • An innate ability to identify issues and work them to closure, including remediation and escalation where appropriate

  • Strong communication skills

  • Discretion and diplomacy when dealing with sensitive issues

  • Organizational skills and ability to prioritize

  • Desire and talent for building and maintaining relationships

  • A commitment to protect the bank from all risk exposure

  • Successful background reviewing complex data and drawing appropriate conclusions

  • Experience working across a diverse set of stakeholders with positive results

  • Advanced experience with MS Office, Archer, Ariba, and SharePoint systems, preferred

The above statements are intended to describe the general nature and level of the 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!