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Global Corporate & Investment Banking - Business Unit Risk Manager

MUFG · New York

📍 New York, NYvia workday
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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 150,000 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. The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details. The Business Unit Risk & Control Manager (BURM) position is within the Global Corporate & Investment Banking (GCIB) Business Unit, reporting to the GCIB Business Unit Risk & Control Officer. The BURM plays a critical role in safeguarding MUFG by ensuring the effectiveness of key controls within business processes. This position is responsible for overseeing the execution of the non-financial risk framework requirements within the first-line-of-defense. Through risk and control self-assessment and rigorous risk-based testing, the BURM provides assurance that controls are designed and operating effectively to mitigate potential risks.  By identifying control gaps and weaknesses, the role supports timely remediation and enhances the firm’s overall risk posture. This function is essential in promoting a strong control environment, enabling business units to proactively manage operational risk and meet regulatory expectations. Major Responsibilities: Responsible for the identification of material risks within the GCIB business unit and ensuring proper design and operating effectiveness of applicable internal controls, in accordance with non-financial risk policies Perform horizon scanning across the GCIB business unit to identify emerging issues and develop risk mitigating actions Lead transformation within the GCIB Risk & Controls team to implement process efficiencies that align with ongoing changes in the MUFG environment Develop and implement practices within GCIB that monitor risks arising from the use of artificial intelligence tools in business activities Support GCIB leaders across business initiatives, ad hoc requests for information, and real-time risk management inquiries Facilitate interactions between required key stakeholders to drive completion or resolution of identified issues related to control testing Oversee testing of controls based on internal and industry standards and guidelines for design and effectiveness Lead iterative review and challenge across all team deliverables, working with appropriate stakeholders across the lines of defense to build consensus Establish new protocols to enable continuous risk monitoring, leveraging automated tools, where available Manage a team of ~10 employees, while managing a budget effectively Demonstrated ability to attract, recruit, motivate, develop, and retain key talent; creating a unified team dedicated to risk management effective at carrying out the required functions Additional Information: EDUCATION: Degree or equivalent work experience equally preferable Preferred: degree from a competitive school, demonstrating a strong academic and extracurricular track record WORK EXPERIENCE 10+ years of risk and control experience, including managing teams, preferably in a financial institution or other highly regulated environment Experience implementing, executing, building or enhancing risk and control frameworks Experience leading transformation of business processes Experience interacting with regulators on examinations and issues remediation Experience interacting with second line of defense (SLoD) and third line of defense (TLoD) teams on issues life cycle, examinations, and emerging trend identification Experience presenting balanced risk perspectives and interacting with senior risk and control governance committees Experience with managing resources (people, tools and/or budget) effectively to execute the required functions Knowledge of the transaction cycle of several financial service products FUNCTIONAL SKILLS Demonstrated strength as a problem solver in a team environment by thinking outside of the box, providing innovative solutions with and without technology Experience with process documentation, risk and control assessments, and designing/executing risk control test scripts Excellent skills in risk assessment analysis, governance, and reporting; solid understanding of business and financial markets Strong knowledge of the inherent risk in the business line Ability to analyze risk trends, identifying signs of changing risk levels Ability to summarize technical risk management concepts into easy to understand business language Prior supervisory and management role with a focus on talent development FOUNDATIONAL SKILLS Communicates effectively with ability to convey complex risk ideas to business partners; conversely must be able to explain the business (and associated risk) to second and third line partners Anticipates changing business needs, adjusts priorities accordingly, and allocates necessary resources and budget to achieve objectives Equips the business to become an effective competitor in a highly dynamic landscape Considers stakeholder needs and input as well as best practices and insights from industry trends when making strategic decisions Is flexible, decisive, and serves as a trusted advisor to senior leaders within the organization Demonstrates effective negotiation a

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