MUFG Union Bank Governance Lead, Director in Jersey City, New Jersey

Join a financial group that is as committed to your future as you are. At MUFG, we share a vision for our future, we share our successes, and we strive to bring out the best in each other in everything we do. Our 14,000 diverse colleagues are connected by a common ambition to create change for the better — from forging more dynamic career paths, to driving progress in our communities, to continuously reshaping the standards of global financial services. Positive impact starts here; see the change you can make as we strive to become the world’s most trusted financial group.

Major Responsibilities:

Policy / Procedure Maintenance & Change Management – 50%

  • Ensuring departmental third party risk management policy and third party risk appetite metrics are established to support regulatory and 2nd LOD expectations

  • Monitor changes as well as introduction of new best practices

  • Assess impact of new or changed regulation on existing policy and procedures by performing analytical comparisons or gap analyses

  • Review related Subject Matter Expert (SME) and Line of Business (LOB) policies and procedures to ensure consistency with standards

  • Lead annual policy review process

Training - 25%

  • Contribute to training materials and education needs

  • Coordinate implementation efforts to update policy, procedures, process documents, training and communication across the Teams and stakeholder groups to successfully disseminate new control expectations

General – 25%

  • Liaise with stakeholders as necessary

  • Participate in industry associations to gain insight on best practices around regulatory guidance interpretation and application

  • Propose updates to structures and processes to maintain alignment with changing regulatory environments and industry best practices

  • Evaluate opportunities for improved policy efficiency and consistency;

  • Support periodic updates on policy and procedures, performance and results to division leaders and formal committees

  • Work with key stakeholders to finalize requirements for due diligence of inherently low and moderate risk third-party relationships

  • Work with key stakeholders to define or support finalization of requirements for risk management of non-traditional components

  • Excellent communication skills both verbal and written

  • BA or BS degree, with an advanced degree in law, finance, business, sourcing, risk management, or related fields

  • 10 years of experience in bank compliance, audit, risk, legal or related positions

  • Strong analytical or critical thinking skills

  • Deep understanding of CFR 12 – Part 30, Banks & Banking Safety and Soundness, Appendices B & D, as well as administrative pronouncements 1) OCC Bulletin 2013-29, Third Party Relationships, and 2) FRB SR 13-19/CA 13-21, Guidance on Managing Outsourcing Risk to the Company’s Third-Party Risk Management (TPRM) program, 3) CFPB Bulletin 2012-03 on Service Providers, FDIC FIL 44-2008 on Guidance for Managing Third-Party Risk

  • Familiarity with applicable rules and guidance impacting the TPRM programs including those from agencies such as the FFIEC, 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 American).

  • Excellent attention to detail

  • Facility with Excel, Word, PowerPoint and project-related software packages

  • Ability to handle multiple, complex tasks and responsibilities simultaneously and with substantial independence

  • Work under the direction of multiple stakeholders

  • Ability to manage highly talented and specialized staff in the area of third-party risk management

  • Strong organizational and process-oriented skills

  • Why Work for MUFG? *

We are a financially strong and stable bank.

We value workplace diversity.

We are committed to the training and development of our employees.

Innovative vacation benefits.

We offer a matching 401K, a Retirement Plan, and a variety of Flexible Health Benefits.

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/ 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. /

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T o learn more about MUFG, review all current career opportunities, and apply please visit us online:

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/ We are proud to be an Equal Opportunity/Affirmative Action 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 in employment decisions on the basis of any protected category. /

Job: *Systems / Technology

Title: Governance Lead, Director

Location: NEW JERSEY-Jersey City

Requisition ID: 10009878-WD