Assistant Vice President, Operational Risk Governance Team

**Do you want your voice heard and your actions to count?**

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

**Responsibilities**:
This is a regional HQ role, and the person will work as an individual contributor, reporting into the Operational Risk Governance team with 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 responsibility includes but not limited to;
- Manage and support the roll out of Operational Risk Infrastructure/System; Open Pages in the APAC region
- Support and manage Open Pages data migration and entity set up for various Operational risk modules; Risk & Controls, Issues & Actions across APAC branches
- Coordinate and conduct Open Pages training to all business users in APAC region
- Collaborate with regional stakeholders (including ASO) on the set up and maintenance of Open Pages in APAC
- Support APAC branches including Singapore Risk & Control Self Assessment (RCSA) and Controls Testing exercise by partnering 1st line and providing effective review and challenge
- Support overall issue management framework (Self-Identified Issue) focusing on review, consolidation and reporting of Operational Risk issues in the Bank to enhance 1st line risk ownership and strengthening 2nd line risk oversight
- Support in organising Singapore branch and regional Risk Committee reporting materials, including analysis on thematic/emerging risk trends and providing 2nd line commentary
- Manage and execute Risk culture initiatives which includes publication of external events report, ORM newsletter, ORM eLearnings

**Second Line of Defence 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 Singapore branch and 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 2 years of hands-on experience in operational risk management especially in the area of RCSA, Controls Testing and Issues Management.
- Experience in using Governance Risk Compliance System (GRC) IBM Open Pages.
- Experience in Operational Risk System Infrastructure implementation (OpenPages) for various Operational Risk modules; KRIs, Risk Control Self-Assessment (RCSA), Issue Management of Self-Identified Issues (SII).
- Experience in using advance excel - Pivot table, Vlookup and basic formulas
- Good understanding of KRIs, risk metrics development and operationalization
- Good knowledge of relevant operational risk regulations in the Asian region and understanding of industry trends/best practices and knowledge of operational risk standards
-