Analyst, Operational Risk Governance Team

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**Responsibilities**:
This is a regional HQ role, and the person will work as an individual contributor, reporting into the Operational Risk Governance team within ARMO-ORM (Risk Management Office for Asia - Operational Risk Management). The person will be responsible for supporting overall operational risk governance enhancement to realise effective 2nd line oversight to regional branches in APAC (excl. Japan and China). Main job responsibilities include but not limited to;
- Support overall annual Risk and Controls Self-Assessment (RCSA) and Controls Testing exercise through review and challenge across APAC branches, including governance and oversight of frameworks
- Support Self-Identified Issues (SII) management in APAC region. This includes management of overall framework, conducting training and awareness sessions, issues consolidation and reporting
- Support in organising and providing 2nd line review of the APAC Regional Risk Management Committee (RMC) materials for operational risk topics
- Manage and coordinate annual Global Control Self-Assessment (GCSA) exercise for all APAC branches and support initiatives for future enhancement in collaboration with Tokyo Head Office
- Maintain and analyse Key Risk Indicator (KRI) and Risk Dashboard from regional SMEs (Subject Matter Expert)
- Support management of Risk Champion model in APAC region, including updates of materials and conducting training sessions
- Support 1st line business units as appointed Risk Partner in operational risk matters including review of Third-Party Risk Management assessments
- Work closely with regional SMEs and Branches to enhance risk management tools and frameworks
- Provide guidance and support to APAC branches in operational risk matters and complying with local regulatory requirements

**Second Line for Operational Risk Management will include but not limited to;**

**Operational Risk Governance and Strategy**
- Develop, review and maintain the Operational Risk Management Governance frameworks, processes and methodologies in line with regulatory requirements, MUFG policies, and industry best practices
- Support the roll-out of regional standards to APAC branches to uplift the branch operational risk management, enabling branches to manage operational risk in a standardized and systematic manner
- Support to develop and implement region wide initiatives to embed sound risk culture

**Risk Management and Audit**
- Monitor open issues (incl. regulatory and audit issues, SII), identify high risk issues, review remediation actions and report to management and key committees
- Conduct ongoing review and challenge as 2nd line, through review of operational risk metrics (KRIs), RCSA, risk event, incident to identify systemic/thematic risk concerns that warrant deeper analysis and escalation to senior management
- Work with 1st line / relevant Function Units / APAC branches to implement necessary operational risk management tools and provide regular training and education
- Ensure proper operational risk system implementation and adherence to reporting rules and guidelines
- Support in organising and preparing the presentation for regional risk management committee

**General**
- Support in executing necessary training on policies and standards
- Work in partnership with Head Office, various branches and departments to support the implementation of global, regional and local projects
- Provide advisory for various operational risk management activities

**Job Requirements**:

- At least 1 year of relevant hands-on experience in operational risk management especially in the area of RCSA, Controls Testing and Issues Management. Experience in Financial service, regional role.
- Experience with KRIs, risk metrics development and operationalization
- Experience with relevant operational risk regulations in the Asian region and understanding of industry trends/best practices and knowledge of operational risk standards
- Relevant experience in Operational Risk System Infrastructure implementation (OpenPage) for various Operational Risk modules; KRIs, Risk Control Self-Assessment (RCSA), Issue Management of Self-I