ESG Risk Framework Co-ordinator - Vice President in London

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OVERVIEW OF THE DEPARTMENT/SECTION

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.

Enterprise Risk Management (“ERM”) is responsible for supporting the EMEA Chief Risk Officer to implement an effective risk management framework across the MUFG Bank and Securities EMEA business and providing a holistic view of the risks facing MUFG EMEA. The ERM department is split into five core teams that cover Risk Governance, Resilience, Enterprise Sustainability & Resolvability, Model Risk Management and Risk Planning.

NUMBER OF DIRECT REPORTS

0, up to 3 shared resources reporting indirectly

MAIN PURPOSE OF THE ROLE

Oversee the development of the EMEA risk management framework for ESG in collaboration with partners in other regions, Tokyo, within EMEA and with the first line of defence. Understand evolving regulatory and other stakeholder expectations and propose solutions to management that will continue to promote EMEA and MUFG’s ESG ambitions from both a business and risk perspective. Work closely with the Deputy Chief Sustainability Officer to ensure the risk framework meets the ambitions as agreed by the EMEA Sustainability Committee. Provide cover and support to other areas of the team and wider ERM responsibilities.

KEY RESPONSIBILITIES

• Leading the development, enhancement and regular maintenance of the ESG risk management framework to keep up to date and in-line with industry best practice and Tokyo Head Office’s Group approach, including risk appetite, policy and procedures, terms of reference, templates and reports.
• Work closely with each risk stripe to ensure ESG risk drivers are appropriately and proportionately reflected in their own risk management frameworks, and supporting their own development as needed.
• Work closely with other regions to align the EMEA framework with the group and ensure efficient use of resources and adopt leading practices within the group.
• Manage virtual and/or physical teams to deliver on project commitments.
• Carry out regulatory assessments of evolving regulations impacting the region to understand potential gaps and work with 1st line and other stakeholders to propose approaches to management that align with stakeholder expectations.
• Work with local teams within EMEA to oversee and support their local needs from an ESG risk management perspective.
• Delegate where requested for Head of Enterprise Sustainability & Resolvability or Deputy Chief Sustainability Officer at relevant forums.
• Support the development of ESG risk disclosures to meet regulatory and stakeholder expectations across the region.
• Test the ongoing effectiveness of controls in relation to our risk management framework for ESG and work with stakeholders to remediate any issues.
• Monitor evolving market practices by peer and other firms to be a Subject Matter Expert on ESG Risk Management Frameworks.
• Work with other teams within Enterprise Risk and more broadly to support the department’s broader objectives and priorities, supporting cross team collaboration and cultural development.

SKILLS AND EXPERIENCE

Functional / Technical Competencies: The successful candidate will have relevant experience in one or more of the following key areas:

• ESG risk management
• Risk framework development within a financial services firm
• Regulatory assessments
• Project management experience in working with multiple stakeholders across different teams and offices

PERSONAL REQUIREMENTS

• Excellent communication skills
• The ability to develop strong working relationships with stakeholders in different regions
• Results driven, with a strong sense of accountability
• A proactive, motivated approach
• The ability to operate with urgency and prioritise work accordingly
• Strong decision making skills, the ability to demonstrate sound judgement
• A structured and logical approach to work
• Strong problem solving skills
• Excellent interpersonal skills
• The ability to manage workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach to work, with the ability to perform well in a pressurised environment
• Excellent Microsoft Office skills

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant. As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc. The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour. The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS. Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc. The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

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.