MUFG Union Bank Operational Risk, Global Markets, Associate in New York, New York

Join a financial group that’s 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.

The Operational Risk Associate supports the Business Unit Risk Management (BURM) team in the “first line of defense,” responsible for supporting and coordinating the application of the enterprise’s operational risk management framework within assigned Investment Banking and Markets (IB&M) business units. Primary focus is on identification, assessment, and monitoring of key business operational risks. This includes both business-specific risks and enterprise-wide "module" risks. Module risks include, but are not limited to: information security, human resources, fraud, vendor management, business continuity, statutory reporting, product risk and model risk. The Operational Risk Associate reports to the IB&M Division Risk Manager (DRM).

The Operational Risk Associate will play an integral role in monitoring and evaluating the effectiveness of operational risk management for IB&M business lines within Global Markets, including: FX and FX Options Sales and Trading, and Interest Rate Derivatives.

Major Responsibilities:

  • Help assess the effectiveness of established operational risk management controls

  • Assist in the completion of annual risk and control self-assessments

  • Produce regular reports on the operational risk environment

  • Identify, document and monitor risk events, losses and issues requiring attention

  • Monitor, track and report on remediation activities related to control deficiencies

  • Develop and monitor key risk metrics

  • Work closely with external parties to facilitate the testing of controls

As part of the Bank’s Operational Risk Management team, this position requires a general knowledge of and sensitivity to the current regulatory environment; understanding and adherence to the Bank's Risk Vision; knowledge and application of operational risk management policies, programs, and techniques; and the ability to recognize and proactively address risk.

Specific experience in one of IB&M’s Markets disciplines (i.e. FX Sales and Trading, Interest Rate Derivatives) and Swap Dealer regulation are highly desirable, preferably within the associated areas of operations, risk management, regulatory environment, or accounting systems.

· BA/BS degree or equivalent experience in finance, business or another relevant discipline

· Minimum 2-5 years of relevant experience performing operational risk analysis as a risk analyst, auditor, compliance analyst, regulator, or similar capacity in the trust or financial services industry

· Ability to use analytical, evaluative and/or critical thinking skills to assess risks and controls in banking operations processes

· Ability to assimilate, evaluate and articulate business impact when control exceptions are identified

· Excellent written and verbal communication skills

· Ability to interact effectively with mid and senior-levels of management

· Ability to prioritize assignments to meet critical deadlines

/ 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/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: *Risk & Compliance

Title: Operational Risk, Global Markets, Associate

Location: NEW YORK-New York

Requisition ID: 10009683-WD