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Sr Operational Risk Analyst - Assistant Vice President

Company: UnionBank
Location: Orange
Posted on: May 19, 2019

Job Description:

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. At Union Bank, we aim to be the premier and most-trusted West Coast bank, serving customers with high-touch, local delivery and global capabilities as we leverage our rich, 150-year history. This is all part of our inclusive, high-performing culture supported by competitive Total Rewards, including our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group.

Job Summary:

The Sr. Risk Analyst's primary responsibility is to perform analysis and conduct testing on controls related to risks within business area Risk and Control Self Assessments (RCSA), perform issue remediation validation and test the control environment of end-user computing tools. You will complete comprehensive documentation to support testing performed, and clearly articulate any issues discovered to business line management. Support the Business Unit Risk Manager (BURM) and Division Risk Managers with all risk control testing activities related to the business divisions, primarily within Regional Bank. Additionally, you will be responsible for supporting the BURM's testing team in assessing control design and monitoring of control effectiveness through the performance of quality assurance procedures. Does this sound like you?

You should have the ability to thoroughly understand data in order to accurately assess and recommend key risk metrics to monitor where key risks are changing or additional controls are necessary. Actively assist with facilitating resolution processes with processing support areas and provide recommendations on process gaps. In addition, participate in assessing, tracking and reporting results of various risk management activities, and Special Project coordination as the need arises.

Major Responsibilities:

Under the direction of the Operational Group Risk Manager, you will conduct appropriate and thorough tests and analysis to confirm the effectiveness of certain controls within various business area RCSAs, validate the adequacy and sustainability of issue remediation, and the adequacy of the end user computing tool control environment.

* Following established standards, you will present clear and documented evidence of testing and analysis performed, as well as an accurate assessment of the results.
* You will provide clear, concise and accurate communication of any issues found to business management.
* Perform risk research and analysis, and formulate recommendations to make processes more efficient as well as identify trends and/or symptoms of process control breakdowns
* You will clearly document testing procedures to evaluate control effectiveness, and identify control gaps and communicate emerging risks
* You will perform independent QA procedures to assess control design and effectiveness
* Support documentation of testing results in the system of record and partner with BURM testing staff and business divisions of any remediation activities, including documentation of action plans
* You will ensure the success of remediation activities through effective process monitoring
* You will participate in ad hoc working groups to address and resolve new areas of risk within the business scope as requested by BURM

Documentation and Reporting:

* You will support ongoing assessment efficiency using the Risk and Control Self-Assessment (RCSA) process
* Inform line of business ratings as needed
* You will handle communication within business divisions (i.e., process support owners, module owners, Business Compliance Officer (BCO) and management as appropriate]
* You will support BURM Issues Management staff in documenting, monitoring, and reporting on self-identified, audit, compliance and regulatory issues
* Design and provide input into risk reports for BURM's areas of responsibility in assigned business area
* Assess losses for association to risks and processes, including determination of if control gaps exist
* Training, Communication, Committee Meeting Participation & Special Projects
* Identify training needs associated with changes in the organization, employee turnover and control deficiencies as identified through the quality assurance work
* Ad hoc or special project management responsibilities
* Respond to questions from senior management

Qualifications:

Education, Licensure, Year of Experience (and type of work experience):

Typically requires a BA or BS degree

You should have at least 5-7 years as an analyst with related experience in risk management or internal audit functions within a financial institution

Knowledge of operational risk management concepts and a validated background in risk and control self-assessment, documenting process flows including process documentation, and data analysis skills and /or meaningful experience preferred

Experience in developing, tracking, and analyzing risk related assessments and functions

Knowledge, Skills, Abilities:

Proficiency in Microsoft Office required and prior project management experience ideal.

Excellent interpersonal skills, both verbal and written

Experience with a broad range of reporting tools a plus (e.g., Business Objects)

Flexible and able to balance several priorities at once

Strong analytical skills and good judgment

Experience in financial institutions and finance organizations.

Experience in public accounting, audit, and/or professional services desired.

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.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Keywords: UnionBank, Orange , Sr Operational Risk Analyst - Assistant Vice President, Executive , Orange, California

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