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- Tasks: Lead Third Party Risk Management initiatives and ensure compliance with regulations.
- Company: Join MUFG, a top global financial group with a rich 350-year history.
- Benefits: Enjoy hybrid working, flexible hours, and a culture that values diversity and inclusion.
- Why this job: Make a meaningful impact in a role that champions innovation and collaboration.
- Qualifications: Experience in risk management and stakeholder engagement is essential.
- Other info: Opportunity to work in a supportive environment that prioritises personal growth.
The predicted salary is between 43200 - 72000 ÂŁ per year.
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 120,000 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.
Vice President – Third Party Risk Management
OVERVIEW :
MUFG (Mitsubishi UFJ Financial Group) is one of the world\’s leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. As one of the top financial groups globally with a vision to be the world\’s most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG\’s global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do. We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, MUFG Bank, Mitsubishi UFJ Trust and Banking (Japan\’s leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan\’s largest securities firms), and MUFG Americas Holdings.
Please visit our website for more information – mufgemea.com.
MAIN PURPOSE OF THE ROLE
To develop and partner with the business to embed the Third Party Risk Management (TPRM) and outsourcing framework, controls, governance and oversight processes for third-party engagements ensuring continued alignment with expanding regulatory developments and change.
Key Responsibilities
Specific Responsibilities:
- To support the Director of TPRM to develop, mature and embed the TPRM Framework in BAU and its supporting processes at MUFG
- Develop and maintain TPRM Oversight and Governance processes including responsibility for the TPRM Oversight Committee operating model and supporting Terms of Reference. Secretary reporting to SMF24/OC Chair
- Contribute to and help lead the TPRM tooling strategy and subsequent execution
- Manage compilation and delivery of regulatory reports and Tokyo Head Office Returns for submissions for material 3rd parties and outsourcing engagements
- Develop mechanisms to maintain key TPRM Data, MI to report to the Oversight Committee and regulatory reporting
- Build and develop effective relationships with key internal stakeholders
- Support the expansion of the TPRM framework across EMEA including key stakeholder management and driving consistency across the group (but with local flexibility)
- Champion the TPRM Framework and best practices across the organisation whilst acting as a subject matter expert for Third Party Risk
- Build relationships and consult with stakeholders to ensure the business controls mitigate vendor risk effectively to meet regulatory requirements
- Manage and deliver the Control Framework to support the framework including TPRM controls, RCSA and delegated 1st line controls to the Vendor Stewards and Service Managers.
Key Responsibilities:
- Maintaining robust procedural controls to ensure compliance with local regulatory requirements
- Act in a consultative capacity providing advice and guidance to stakeholders and junior members of the team
- Focus on developing own knowledge and staying up to date with best practices and current regulatory requirements, attending TPRM community events to represent MUFG and participating in FS industry forums
- Maintain and continually improve the Third Party Risk Management framework
- Act as a champion to ensure vendor risk management policies and procedures are correctly adopted and applied
- Communicates and disseminates third party risk management knowledge to build a centre of expertise.
- Responsibility for providing reporting to Audit, Compliance and Risk as and when required and responsibility for reporting self-identified issues and KRI’s
- Responsibility for working autonomously to resolve operational issues as they arise and to achieve a satisfactory conclusion. This includes the requirement to escalate operational incidents on a timely fashion including where necessary the implementation of preventative measures to avoid reoccurrence
- Responsible for supporting change, managing the communication of the strategy in a positive manner and enabling its’ implementation
Skills And Experience
Functional / Technical Competencies:
- Demonstrable and Proven knowledge of developing Third Party Risk Management including governance and oversight practices in Financial Services organisations
- Significant experience of building relationships with stakeholders at all levels of the business
- Able to demonstrate maintenance and continuous improvement of robust procedural controls to ensure compliance with local regulatory requirements
Please note MUFG operate a hybrid working policy with 3 days per week in the office.
We are open to considering flexible working requests in line with organisational requirements.
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
Seniority level
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Seniority level
Executive
Employment type
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Employment type
Full-time
Job function
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Job function
Finance and Sales
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Industries
Financial Services and Banking
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VP Third Party Risk Management employer: Mitsubishi UFJ Financial Group
Contact Detail:
Mitsubishi UFJ Financial Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VP Third Party Risk Management
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in Third Party Risk Management. Attend industry events or webinars to network with professionals in the field, as this can help you gain insights and make valuable connections that could lead to opportunities at MUFG.
✨Tip Number 2
Showcase your ability to build relationships with stakeholders by preparing examples of past experiences where you've successfully collaborated across teams. This will demonstrate your fit for a role that requires strong interpersonal skills and stakeholder management.
✨Tip Number 3
Research MUFG's values and culture thoroughly. Be ready to discuss how your personal values align with theirs, particularly around integrity, responsibility, and fostering sustainable growth. This alignment can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples of how you've implemented or improved risk management frameworks in previous roles. Highlighting your practical experience will show that you can contribute effectively to MUFG's TPRM initiatives right from the start.
We think you need these skills to ace VP Third Party Risk Management
Some tips for your application 🫡
Understand the Role: Before applying, take the time to thoroughly understand the responsibilities and requirements of the VP Third Party Risk Management position. Tailor your application to highlight relevant experience and skills that align with the job description.
Craft a Compelling CV: Ensure your CV is up-to-date and clearly outlines your experience in risk management, governance, and stakeholder engagement. Use specific examples to demonstrate your achievements and how they relate to the role at MUFG.
Write a Strong Cover Letter: Your cover letter should express your enthusiasm for the role and the company. Highlight your understanding of MUFG's values and how your background makes you a perfect fit for their culture and objectives.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the financial services industry.
How to prepare for a job interview at Mitsubishi UFJ Financial Group
✨Understand the TPRM Framework
Make sure you have a solid grasp of Third Party Risk Management principles and frameworks. Be prepared to discuss how you would develop and embed these processes within an organisation, particularly in a financial services context.
✨Showcase Stakeholder Management Skills
Demonstrate your ability to build relationships with stakeholders at all levels. Prepare examples of how you've successfully managed stakeholder expectations and driven consistency across teams in previous roles.
✨Stay Updated on Regulatory Changes
Familiarise yourself with current regulatory requirements related to third-party risk management. Be ready to discuss how you would ensure compliance and adapt to any changes in regulations that may impact the organisation.
✨Highlight Your Consultative Approach
Emphasise your experience in providing consultative support to teams and stakeholders. Prepare to share specific instances where your guidance has led to improved risk management practices or operational efficiencies.
