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Third Party Risk Management Governance, Vice President - Tempe Arizona
Company: MUFG
Location: Tempe, Arizona
Posted On: 01/24/2025
Third Party Risk Management Governance, Vice President
Apply locations Tempe, AZ time type Full time posted on Posted 30+ Days Ago job requisition id 10068043-WD
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.
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.
Job Summary:
The Data & Financial Operations Governance VP will support the Chief Data & Financial Operations (CDFO) management team in preparing, tracking, facilitating, and executing Third-Party Risk Management (TPRM) governance activities with our business partners and lines of defense. In this role, you will lead various types of governance processes that include risk and control assessments and testing supporting TPRM and Procurement activities, preparation for governance forums and committees, track open actions with key stakeholders to completion, create management reporting, document procedures and process flows, and liaise with various line-of-business and risk function SMEs across the firm to achieve objectives set by Governance Managers.
An ideal candidate will have 7+ years of Third-Party Risk Management experience with increasing responsibility in a governance function or management consulting, as well as working knowledge of risk management practices, including but not limited to control documentation and assessment, control testing, issue remediation, process improvement and policy and procedure development. This position will be principally engaged in maintaining the TPRM Procedures, providing oversight of requirements to manage special categories of Third Parties, defining TPRM Lifecycle requirements across all risk ratings, as well as evaluating existing regulatory guidance and monitoring changes or additions of future guidance in collaboration with the Second Line-of-Defense. The candidate must have strong subject matter expertise in third-party and outsourcing risk management in financial services or other heavily regulated industries is preferred. This position requires deep understanding of including but not limited to CFR 12 - Part 30, Banks & Banking Safety and Soundness, Appendices B & D, as well as administrative pronouncements, and OCC Bulletin 2023-17, Interagency Guidance on Third-Party Relationships. Required ability to quickly get up to speed on other applicable rules and guidance impacting the TPRM program including those from agencies such as the FFIEC, the SEC, other U.S. regulators (e.g., NY Department of Financial Services), and foreign-based regulators (e.g., Japan's Financial Services Agency, Canada's Superintendent of Financial Institutions and those in Latin America). This position also requires critical thinking skills to parse complex regulatory pronouncements into actionable components and contextualize the content in a manner that articulates the spirit and intention of the pronouncement while considering the practical impact on MUFG.
Responsibilities
- Facilitate and lead process owners and subject matter experts to satisfy lines of defense requests from audit teams, risk managers, and control testing teams with specific focus on TPRM regulatory examinations, internal audits, FFIEC FCAT reviews, cross-functional examinations / audits with required TPRM input, etc.
- Lead governance forum and committee meeting execution and facilitate resolution of any follow up actions.
- Monitor changes in regulations & regulatory guidance as well as introduction of new regulations & regulatory guidance in collaboration with Operational Risk Management partners.
- Assess the impact of new or changed regulations on existing governance documents by performing analytical comparisons or gap analyses in collaboration with Operational Risk Management partners.
- Review related Subject Matter Expert (SME) and Line of Business (LOB) policies and procedures to ensure consistency with enterprise standards.
- Participate in industry associations to gain insight on best practices around regulatory guidance interpretation and application.
- Participate in Comment Letter Process as a representative of MUAH providing feedback to the agencies when new rules or guidance are proposed.
- Liaise with internal auditors, external auditors and regulators.
- Participate as key stakeholder in Operational Risk Management annual policy review process.
- Support periodic updates on policy, standard, and procedures, performance, and results to division leaders and formal committees.
- Lead annual review of TPRM program procedures with relevant key first and second line-of-defense stakeholders.
- Collaborate with FLoD TPRM, SLoD TPRM, and Tokyo Head Office for items such as: periodic assessments of new Procedure on Outsource Management (POM) with our existing Program and periodic reporting and information requests.
- Collaborate with FLoD TPRM, SLoD TPRM, and non-US, Affiliate TPRM programs - e.g., Canada, and each LATAM Country for items such as: periodic review of program requirements, periodic reporting and information requests, periodic review of Program support.
- Support ad hoc TPRM governance projects.
- Lead development, maintenance, and execution of governance processes by coordinating with key stakeholders and SMEs, and management.
- Monitor and test for compliance with policies and standards.
- Monitor and report status on TPRM governance activities.
- Identify opportunities continuous process improvement of governance framework, processes, and controls and collaborate with others to drive change.
- Maintain procedures and standards, and process flows and identify and propose improvements when appropriate.
- Demonstrate and promote, and monitor others for adherence to policies, standards and procedures.
- Proactively identify gaps in current BAU activities, and track and execute remediation plans with key stakeholders in the department.
- Collaborate with data governance SMEs, and other stakeholders to promote data governance awareness and culture.
Qualifications
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