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MUFG · 16 hours ago

Third Party Management, Vice President

Tempe, AZ

Full-time

Hybrid

Mid, Senior Level

$114K/yr - $160K/yr

7+ years exp

Mitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups, committed to making a difference for clients and communities. The Vice President of Third Party Management will oversee Third-Party Risk Management, ensuring compliance with policies and regulations while managing high-risk third-party relationships.

Financial Services

Responsibilities

Ensures that all Third-Party Risk Management (TPRM) Policies & Procedures are adhered to in the execution of the program throughout the full TPRM Lifecycle

Compliance with applicable rules and guidance impacting the TPRM program including OCC, FBR, FDIC, SEC, FFIEC, FINRA; in addition to other U.S. regulators (e.g., NY Department of Financial Services), and foreign-based regulators (e.g., Japan’s Financial Services Agency, Canada’s Superintendent of Financial Institutions, and those in Latin American)

Interface with second line of defense (SLOD) review and challenge and Internal Audit

Primary TPRM support partner for Subject Matter Experts (SMEs), Business Unit Risk Managers (BURMs), and BU Management

Support Strategic Planning execution for First Line of Defense (FLOD) TPRM

Responsible for addressing, documenting and escalating Trigger Events for their assigned Engagements

Support preparation of TPRM portfolio and third-party performance for Risk and Management Committees

Provides input into the TPRM Policy and System enhancements

Execute activities to support TPRM metrics & reporting; providing insight into third party activity and performance for business unit executives and management committees

Provide oversight for outsourced TPM activities – ensuring compliance with expected performance and contractual terms and SLAs

Responsible for ensuring that the phases of the Third-Party Lifecycle are completed

Consults with the relevant Subject Matter Experts and acts as single point-of-contact for Third Party’s completion of risk-driven questions and/or documentation requests

Responsible for ensuring issues and risks are appropriately remediated or escalation protocols are followed

Responsible for the Termination phase of the TPRM Lifecycle

Consults with the SR throughout the phases of Third-Party Relationship Lifecycle

Responsible for quality of documentation in FLoD and TPRM systems

Responsible for providing support for risk assessments for engagements under the Third-Party Portfolio

Responsible for information sharing about the Third Party to other TPMs and SRs, as necessary

Qualification

Third Party ManagementOperational Risk ManagementFinancial Services KnowledgeAnalytical MindsetRegulatory ComplianceMS OfficeDiplomacyCommunication SkillsRelationship BuildingProblem Solving

Required

Bachelor's degree

7+ years Third Party Management experience

Broad view of the financial services industry; previous working experience within Capital Markets, Asset Management, Broker Dealer, Finance, Treasury and or risk management

Strong knowledge of Operational Risk Management Programs and frameworks including (but not limited to): RCSA, Loss data, Products and Services, Scenario Analysis, KRM/KRI and Issue Management

Significant experience managing complex and dynamic Third-Party relationships

Knowledge of regulatory bodies governing financial services and in providing guidance for adherence and monitoring the financial services industry

Strong analytical mindset, able to manage risks both at the micro and macro levels

Ability to identify issues and work them to closure, including remediation and escalation where appropriate

Strong communication skills and ability to create effective level appropriate executive presentations

Discretion and diplomacy when dealing with sensitive issues

Desire and talent for building and maintaining relationships

A commitment to protect the bank from all risk exposure

Experience working across a diverse set of stakeholders with positive results