Operational Risk Testing Analyst, Assistant Vice President

Company: UnionBank
Location: Irvine
Posted on: January 10, 2021

Job Description:

Are you passionate about creating an exceptional client experience?
Discover your opportunity with Union Bank, a division of the Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. At Union Bank, we care about the details that matter most to our clients. We have our clients best interest in mind, drawing on more than 150 years of experience to understand their distinct needs and tailor our solutions. We re part of 180,000 colleagues around the globe striving to be the world s most trusted financial group. Trust starts with a culture of putting people first and empowering you to achieve your potential. Join Union Bank, where being inspired is expected and creating results is rewarded.
Job Summary:
The Sr. Retail Bank Risk Analyst primarily supports the Business Unit Risk Manager and Division Risk Manager with all risk control testing activities related to the business line (primarily Retail Banking) The incumbent is responsible for supporting the BURM s testing team in assessing control design and monitoring of control effectiveness through the performance of quality assurance procedures. The incumbent must 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 needed. 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. Management or Supervision: No Major Responsibilities:Risk Assessment, Control Evaluation, and Quality Assurance:

• 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.
• Support the BURM testing staff with testing procedures to assess control effectiveness and identify control gaps and communicate emerging risks.
• Perform independent quality assurance procedures to assess control design and control effectiveness.
• Support documentation of testing results in the system of record and coordinate with BURM testing staff and business units of any remediation activities, including documentation of action plans.
• Ensure success of remediation activities through effective process monitoring.
• Participate in ad hoc working groups to address and resolve new areas of risk within the business areas of responsibility as requested by BURM.Documentation and Reporting:
  • Document process flows using Visio tool to ensure a clear audit / historic record.
  • 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.
  • Inform line of business risk and control ratings as needed Identify external and internal events that may impact the business, assess implications for the business, and recommend approaches to mitigate resulting risks.
  • Support on-going assessment of risk and control effectiveness through the Risk and Control Self-Assessment (RCSA) process 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.
  • Coordinate communication within business units (i.e., process support owners, module owners, Business Compliance Officer (BCO) and management as appropriate].
  • Ad hoc or special project management responsibilities.
  • Respond to questions from senior management.Education, Licensure, Year of Experience (and type of work experience):
    • Typically requires a BA or BS degree
    • Candidate 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 demonstrated experience in risk and control self-assessment, documenting process flows including process documentation, and data analysis skills and /or relevant experience preferred
    • Experience in developing, tracking, analyzing and reporting on risk related assessments and functions Knowledge, Skills, Abilities:
      • Proficiency in Microsoft Office required and prior project management experience ideal.
      • Excellent organizational skills
      • Excellent communication skills, both verbal and written
      • Experience with a variety of reporting tools a plus (e.g., Business Objects)
      • Must be flexible and able to balance several priorities at once
      • Strong analytical skills and good judgment
      • Experience in financial institutions and finance organizations is desired
      • Experience in public accounting, audit, and/or professional services is desiredThe 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. Associated topics: banking, cfa, cpa, director finance, equity trading, investment banking, investor, kpmg, revenue, risk

Keywords: UnionBank, Irvine , Operational Risk Testing Analyst, Assistant Vice President, Professions , Irvine, California