MUFG

Vice President, Third-Party Risk Management

MUFG

full-time

Posted on:

Origin:  • 🇺🇸 United States • Arizona, Florida

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Salary

💰 $114,000 - $160,000 per year

Job Level

Lead

About the role

  • Report to the FLoD Director, Third-Party Management and execute TPRM oversight of highest risk-rated third parties in MUFG Americas
  • Ensure Third-Party Risk Management Policies & Procedures are adhered to across the full TPRM lifecycle
  • Ensure compliance with applicable rules and guidance (OCC, FRB, FDIC, SEC, FFIEC, FINRA; NYDFS; Japan FSA; Canada Superintendent of Financial Institutions; Latin American regulators)
  • Interface with second line of defense (SLOD) review/challenge and Internal Audit
  • Serve as primary TPRM support partner for SMEs, Business Unit Risk Managers (BURMs), and BU Management
  • Support strategic planning execution for First Line of Defense (FLoD) TPRM
  • Address, document and escalate Trigger Events for assigned engagements
  • Prepare TPRM portfolio and third-party performance reporting for Risk and Management Committees
  • Provide input into TPRM policy and system enhancements
  • Execute TPRM metrics & reporting and provide insight into third-party activity and performance
  • Provide oversight for outsourced TPM activities, ensuring contractual and SLA compliance
  • Ensure all phases of the Third-Party Lifecycle (including Termination) are completed and documented
  • Act as single point-of-contact for third parties to complete risk-driven questions and documentation
  • Ensure issues and risks are remediated or appropriately escalated
  • Ensure quality of documentation in FLoD and TPRM systems
  • Support risk assessments for engagements and share information among TPMs and SRs as needed

Requirements

  • Bachelor’s degree
  • 7+ years Third Party Management experience
  • Broad view of the financial services industry; experience within Capital Markets, Asset Management, Broker Dealer, Finance, Treasury, or risk management
  • Strong knowledge of Operational Risk Management Programs and frameworks (RCSA, Loss data, Products and Services, Scenario Analysis, KRM/KRI, Issue Management)
  • Significant experience managing complex and dynamic Third-Party relationships
  • Knowledge of regulators governing financial services and guidance (OCC, FRB, FDIC, SEC, FFIEC, FINRA, NYDFS, Japan FSA, Canada Superintendent of Financial Institutions, Latin American regulators)
  • Strong analytical mindset; manage risks at micro and macro levels
  • Ability to identify issues and drive remediation and escalation to closure
  • Strong communication skills and ability to create executive-level presentations
  • Discretion and diplomacy handling sensitive issues
  • Talent for building and maintaining relationships
  • Commitment to protect the bank from risk exposure
  • Experience working across diverse stakeholders
  • Preferred: advanced experience with MS Office, Archer, Ariba, and Teams