Title: DIVISION RISK MANAGER - FINANCE
Location: CALIFORNIA-SAN FRANCISCO
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $89.7 billion at December 31, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 414 branches in California, Washington, Oregon, Texas and New York, as well as two international offices, on December 31, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visitwww.unionbank.comfor more information.
Job Summary:
Division Risk Managers are the first line of defense responsible for supporting and coordinating all disciplines of operational risk and controls within their area of responsibility. This includes both business-specific risks and enterprise-wide "module" risks. Module risks include, but are not limited to, information security, human resources, fraud, vendor management, business continuity, product risk and model risk. The Division Risk Manager will report to the Operational Risk Management Dept with a dotted line reporting to the Business Unit Risk Manager (BURM) they support. The Division Risk Manager will serve as a back-up to the BURM they support and be a focal point of contact concerning matters of operational risk. The Division Risk Manager will assist the BURM in completion of Risk and Control Self Assessments and managing remediation activities for control deficiencies.
Major Responsibilities:
* Assist the BURM in building and maintaining risk and control self assessments for all significant risks, and managing control deficiency remediation
* Ensure that the appropriate level of risk and controls are documented in the OpenPages system
* Create accurate and timely reporting of significant and emerging risks from the business unit view
* Participate in ad-hoc working groups to address and resolve new areas of risk
* Ensure the resources dedicated to operational risk management within their area of responsibility are qualified and sufficient to efficiently and effectively carry out the required functions
* Monitor operational risk management activities to ensure that they are properly performed and completed for the units within their area of responsibility
* Identify risk trends and/or symptoms of process control breakdowns
* Keep the BURM apprised of changes in inherent risk or control breakdowns/deficiencies that could impact residual risk
* Assist business partners in reviewing risks evolving from various initiatives to ensure that operational risks are recognized, mitigated, reported and/or accepted
* Review Bankwide procedures and policies as well as Division desktop procedures and ensure input from subject matter experts within the Division as appropriate
* Act as liaison with IRMG-Audit and Corporate Compliance on behalf of the Division in consultation with the BURM and assist in resolving identified issues and monitor its resolution
* Typically requires a BA or BS degree plus 8 years in operational risk management or related role
* Requires a strong understanding of operational risk management techniques, including development of process flows, identification and assessment of risks and controls, testing and monitoring procedures, and development of related metrics
* Ability to analyze risk trends, identify signs of changing risk levels and/or symptoms of process control breakdowns
* Solid understanding of financial institution processes, products, and risks
* Strong written and verbal communication skills
* Requires subject matter expertise in Finance/Accounting - CPA or Finance degree preferred
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.
Union Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business. EOE. M/F/D/V
