Core Banking Transformation Control Officer, Vice President

Are you passionate about creating an exceptional client experience?

Discover your opportunity with Union Bank, a division of the Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. At Union Bank, we care about the details that matter most to our clients. We have our clients’ best interest in mind, drawing on more than 150 years of experience to understand their distinct needs and tailor our solutions. We’re part of 180,000 colleagues around the globe striving to be the world’s most trusted financial group. Trust starts with a culture of putting people first and empowering you to achieve your potential. Join Union Bank, where being inspired is expected and creating results is rewarded.

The Core Banking Transformation Control Officer is responsible for identifying, assessing, and leading all risks associated with the first line of defense (LoD) activities including large program transformation and business-as-usual (BAU) operational processes. This would consist of crafting and implementing effective internal control systems as prescribed by 2nd LoD policies, procedures, and regulatory requirements.

• Function as Subject Matter Authority quantifying risk exposures within the program including operational, information, cybersecurity, business continuity, third party, and technology.
• Liaison with key members of our businesses during transformation programs to discover any change in risk and help craft and implement proper control frameworks.
• Identify requirements, inclusive of risks, Laws, Rules, and Regs (LRR), which relate to the delivery of products and services as part of the initiative.
• Identify and build controls required to ensure compliance with LRR and mitigation of risks for the various lines of business in scope.
• Support the business to establish and improve internal strategies, policies, procedures, processes, and programs in the management of risk.
• Maintain detailed and accurate data about controls and metrics as they relate to LRR.
• Coordinate with other front-line units as well as the second-line risk team to identify risks impacting each business line and to develop a remediation strategy and approach.
• Develop a framework for businesses to maintain risk levels within the Bank’s risk appetite and support business objectives. Help business lines establish and monitor key control and risk indicators in line with the risk appetite.
• Establish and maintain guidelines to maintain a regulatory inventory and regulatory change management process.
• Assess the compliance inventory for inclusion and applicability.
• Participate related assessments including the Product and Services Risk Assessment (PSRA), the Risk and Control Self-Assessment (RCSA), and various others including technology, information security, business continuity, and third party.
• Advise business leaders to balance the need for standardization of controls designed against customization and continue to minimize applicable costs for its implementation. Communicate the outcome to establish additional controls with appropriate partners where necessary.
• Ensure relevant procedures are reviewed and approved by the appropriate partners to ensure alignment with stated goals and current processes
• Support transformation testing efforts to ensure adherence to written policy standards, procedures, and applicable laws.
• Coordinate responses to specific project audits of control functions and balance external audit inquiries.
• Train and develop a staff of risk professionals as assigned.

Qualifications:

• 7+ years of work experience in a Risk and/or Compliance role within a financial organization.
• Ability to identify the organization’s compliance obligations and develop controls that mitigate or reduce the compliance risks.
• Deep knowledge of how controls are to be designed, implemented, and tested.
• Ability to develop an effective program to understand and respond to audit requests.
• Understanding of how new laws and regulations are relevant to the financial services industry and ensuring business line procedures align with regulatory requirements.
• Proven track record of working with multiple partners in the development and implementation of controls.
• Comfort with digital platforms as well as the ability to clearly articulate regulatory requirements to product design teams and technology partners.
• Experience and knowledge with the methodology and execution of risk and compliance assessments (PSRA, RCSA, and Third-Party Risk, among others).
• Acute attention to detail with a focus on traceability and evidence.
• Strong communication and organization skills.
• Ability to resolve and raise the team’s issues to executive management, as necessary.