Analyst, Operational Risk Management

1 week ago


London, Greater London, United Kingdom MUFG Full time £40,000 - £70,000 per year

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.

*OVERVIEW OF THE DEPARTMENT/SECTION*
Operational Risk Management (ORM) is responsible for supporting the EMEA Chief Risk Officer in developing and maintaining the effectiveness of the Operational Risk Management and Fraud Risk Management Frameworks across MUFG EMEA. The Operational Risk Department is part of the firm's Risk Management function and provides second line Operational Risk (including Fraud Risk) oversight and challenge for the firm's front office and support / control functions.

MAIN PURPOSE OF THE ROLE
The role requires the applicant to provide assistance to the Operational Risk Management team to:

  • design, develop, operate and deliver Operational Risk reporting requirements (governance, internal and external).
  • maintain, develop, document and implement of the Operational Risk Management framework and guidance.
  • maintain, develop, and support the Operational Risk Management system – IBM OpenPages and related templates / guidance.

The role sits in the Framework, Governance and Projects team within Operational Risk Management and offers the candidate exposure to the wider team, external stakeholders; and requires flexibility to support BAU tasks alongside wider initiatives.

*KEY RESPONSIBILITIES*
The role requires the applicant within the Operational Risk Management team to:

  • Assist in the development, maintenance and delivery of quality operational risk data analysis and periodic/ad-hoc reporting requirements.
  • Assist in the development, maintenance oversight and implementation of the operational risk framework.
  • Support the coordination of monthly Operational Risk Committee meetings, including pack preparation, document distribution and minute taking.
  • Provide assistance with review and challenge to ensure the wider effective identification and management of operational risk and control weaknesses by the business, support functions and the EMEA offices.
  • Provide assistance with the independent assessment and monitoring of MUFG's Operational Risk profile.
  • Support the wider initiatives in the Framework, Systems and Projects team and broader OpRisk team – including, but not limited to performance of thematic analysis, special projects, and administration for the OpRisk system (IBM OpenPages).
  • Assist in the Operational Risk Framework training and awareness to First Line and Second Lines teams and across EMEA offices.
  • Identify and implement opportunities to enhance the overall Operational Risk Management Framework.
  • Support the development and second line of defence oversight of ad-hoc project work (e.g. implementation of new regulatory requirements and/or new internal initiatives from Head Office).
  • Support the coordination of the annual updates to the Operational Risk mandatory LEAP training module and obtain completion rates to facilitate a wider management review process.
  • Aid the enhancements required to maintain and improve upon risk data stored within Open Pages and analyse Open Pages data to identify data quality issues which require further development.

*WORK EXPERIENCE*

  • Experience of working on / good understanding of the design and implementation of Operational risk frameworks and/or governance reporting within a banking environment.
  • Strong Microsoft Office skills – Excel (data manipulation), PowerPoint, Word.
  • Operational Risk Management experience (2nd line of defence).

*SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Essential*

  • Strong analytical and writing skills
  • Strong Microsoft Office skills – Excel (data manipulation), PowerPoint (clear, concise reporting)
  • Basic understanding of the design and implementation of operational risk framework and governance reporting within banking
  • Some knowledge of banking and/or investment banking services and products.

Preferable

  • Relevant experience of risk management within a financial institution.
  • Experience with Power BI.

Education / Qualifications:
Essential

  • Strong academics and a willingness to learn and develop

*PERSONAL REQUIREMENTS*

  • Excellent Microsoft Office skills – manipulating, formatting and analysing data in Excel to clearly support messages and similarly clear, concise imaginative and well formatted PowerPoint presentation skills
  • Excellent communication and interpersonal skills
  • Strong numerical skills
  • A proactive, motivated and enthusiastic approach.
  • The ability to operate with urgency and prioritise work accordingly
  • Strong decision making skills, the ability to demonstrate sound judgement
  • A structured and logical approach to work
  • Strong problem solving skills
  • A creative and innovative approach to work
  • Excellent attention to detail and accuracy

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.


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