OverviewWe are seeking a risk and control professional to support ongoing risk management, control testing, assessment activities, and regulatory compliance efforts. This role is responsible for assessing risk profiles, executing control and self-assurance activities, coordinating testing initiatives, supporting remediation efforts, and partnering with stakeholders to ensure controls are designed and operating effectively in accordance with bank policies, procedures, and regulatory requirements.
The ideal candidate will have experience in risk management, compliance, audit, or control functions within a highly regulated environment. Successful candidates will possess strong analytical, problem-solving, project management, and stakeholder management skills, along with a solid understanding of financial institution operations, regulatory requirements, risk frameworks, and control assessment methodologies.
Responsibilities:- Provide ongoing assessment of the risk profile through regular monitoring and status reporting of risk issues and initiatives.
- Execute front line controls, self-assurance, and risk assessment activities (ad hoc controls review, risk control self-assessment (RCSA), and independent risk and audit activities as directed.
- 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.
- Coordinate control testing activities, including logistical scheduling and document retrieval to support control testing in accordance with internal requirements.
- Prepare written reports that summarize the objectives, scope, findings, and conclusions for each assigned review.
- Provide project management support in tracking and coordinating the execution of policy and one-off or periodic projects/assignments.
- Create synergies by identifying opportunities to repurpose control testing results to satisfy assessment requirements across the bank.
- Conduct iterative review and challenge of assessment results, working with appropriate stakeholders across the lines of defense.
- Promote non-financial risk requirements across the bank to ensure awareness and adherence.
- Coordinate the timely completion and submission of Risk Policies and Risk Appetite Statements.
- Contribute to and support the implementation of remediation plans as directed.
- Contribute to risk analysis and risk mitigation recommendations.
- Draft commentaries for governance forums such as committees to provide an overview of analysis of delegated non-financial risk activities and risk assessment results.
Qualifications:Work Experience- Solid experience in a risk and control or audit function, and compliance required, preferably in a financial institution or other highly regulated environment.
- Demonstrable experience with and knowledge of regulations applicable to the banking and finance industry required.
- Experience with risk assessment/testing methodologies evaluating the adequacy and efficiency of internal controls, and identifying issues resulting from internal and or external compliance examinations.
- Experience with process documentation, risk, and control assessments (RCSA) and designing/executing test scripts.
- Experience with problem solving in a team environment by thinking outside of the box, providing innovative solutions, with and without technology.
- Understanding of financial institution businesses, processes, products, and risk.
- Understanding of processes necessary to produce accurate periodic reporting (e.g., data reconciliations, data governance, review, and approval, etc.).
- Experience using Microsoft collaboration tools such as SharePoint and Teams or working in a project management environment.
- Cyber Risk / audit experience preferred.
Functional Skills- Experience with process documentation, risk and control assessments, and designing/executing risk reporting, preferred.
- Risk management experience including evaluating the adequacy and efficiency of internal controls, and identifying issues.
- Experience with enforcement agencies; oversight activities (regulatory examinations, etc.).
- Knowledge of Canadian and international banking regulation such as OSFI E-21 (operational risk management and resilience), OSFI B-10 (Third-Party Risk Management), OSFI B-13 (Technology and Cyber Risk Management).
- Understanding of industry best practices and frameworks such as: Committee of Sponsoring Organizations of the Treadway Commission (COSO), COBIT, National Institute of Standards and Technology (NIST)-800-53, Cybersecurity Horizontal Reviews, and ITIL in complex environment.
- Ability to identify signs of changing risk levels.
Foundational Skills- Communicates effectively.
- Identifies multiple paths to success using analytical and critical thinking as well as decision-making skills.
- Exercises sound judgement, prioritizes effectively, and strives for continuous improvement.
- Effectively collaborates with colleagues.
- Leverages available technology to drive efficiency and results.
- Understands and applies industry trends and best practices.
- Exhibits optimism, resilience, flexibility, and openness to others' ideas.
- Values learning as a lifelong professional objective.
- Engages inclusively and with intent.
- Always acts with integrity.
- Iterative problem-solving.
- Serving as a trusted advisor.
- Excellent analytical, organizational, and conceptual skills.
- Strong work ethic, ability to make decisions and work under tight deadlines; achievement-oriented and takes initiative.
- Strong project management skills; includes an ability to independently drive work, and pragmatically solve problems.
Education- Degree or equivalent work experience equally preferable.
- Degree in business or finance with coursework in areas of operations, risk and/or compliance, audit.
The job description and related application pertains to an opportunity with either MUFG Bank, Ltd., Canada Branch ("MUFG Bank Canada") or MUFG Securities (Canada), Ltd. ("MUFG Securities Canada"). The job description relates to the general nature, scope, quantity and quality of work contemplated for the position. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills and abilities of the incumbent. The receipt of an application by either MUFG Bank Canada or MUFG Securities Canada, as applicable, does not imply or guarantee employment.
