Risk & Controls Testing & Assessment, Director

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.

OVERVIEW

The Risk & Controls Testing Director 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 control testing activities aligned to the Risk Control Self-Assessment (RCSA) framework, a cornerstone of operations risk management. Through rigorous risk-based testing, the Control Testing Director 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.

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 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

• Six Sigma or other process improvement framework experience a plus

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

• Experience with problem solving in a team environment by thinking outside of the box, providing innovative solutions with and without technology

• 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 and influencing skills

• Prioritizes and facilitates a culture of continuous improvement and systems thinking

• Sets the tone for successful collaboration with other business units and corporate entities

• Creates an environment that fosters communication, transparency, and collaboration

• Cultivates innovation and values learning as a lifelong professional objective

• Leads by example, engaging inclusively and with intent

• Always acts with integrity

• Iterative problem-solving

• Independently solution complex problems

• Navigate the organization using influencing skills

• Ability to lead work streams with sometimes limited oversight/information from inception to completion

• Ability to identify obstacles and work in conjunction with others to identify options/solutions

• Ability to constructively work both independently and in collaborative environments involving all levels of management and employees

• Excels at developing and communicating key messages to senior managers and regulators

• Strong leadership, people management, and influencing skills; proven strength in relationship development and leading through influence across multiple stakeholders

JOB SUMMARY

• Responsible for ensuring proper design and operating effectiveness of more than 300 controls for Operations to be tested on a varying basis in accordance with policy

• Manage a team of ~15 employees including both on and off shore resources, managing a budget effectively

• Support Operations Executive and Senior leader Martin Palmeri

• Must speak clearly and concisely at various committee meetings such as Operations Risk and Controls Forum (Palmeri), Operations Governance Committee (Palmeri), Operational Risk Committee (Wallace)

• Routinely face off to L3 leaders across the bank, being able to challenge where appropriate

• Facilitate interactions between required key stakeholders to drive completion or resolution of identified issues related to control testing

• Direct the maintenance and development of internal documentation related to control testing governance

• Partner with stakeholders, including process owners and control officers, to document controls, enhance control language and develop/maintain test scripts that validate controls are being performed in compliance with bank policies, procedures, and regulatory requirements to mitigate risk to the firm

• Direct the execution and documentation of testing for in-scope processes across business units

• Oversee testing of controls based on internal and industry standards and guidelines for design and effectiveness

• Provide ongoing communication to internal stakeholders throughout the control testing process to keep them apprised of progress and findings, escalating when appropriate

• Lead iterative review and challenge of control testing results, working with appropriate stakeholders across the lines of defense to build consensus

• Collaborate with process owners, control officers, and Business Unit Risk Managers (BURMs) to develop logic for automated control tests, identifying relevant data sources and measurement criteria for respective controls

• Liaise with the Lines of Defense (LoDs) to build consensus on effectiveness thresholds for automated testing

• Establish protocols to enable continuous control monitoring, leveraging automated control testing parameters

• Liaise with risk assessment team and other stakeholders to ensure control testing is in alignment with broader risk assessment activities

• Create synergies by identifying opportunities to repurpose control testing results to satisfy assessment requirements across the bank

• Work collaboratively with risk and control team to execute against risk governance procedures

• Develop reporting to management on risk assessment status and results, along with business and risk appetite

• Establish management routines and procedures to ensure effective organization-wide risk assessment awareness, ownership, and execution

• 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

The typical base pay range for this role is between $165K - $220K depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.