Associate, Banking Risk

3 weeks ago

Toronto, Canada MUFG Investor Services Full time

Company Description
**About MUFG Investor Services**:
MUFG Investor Services provides asset servicing solutions to the global investment management industry. Leveraging the financial and intellectual capital of MUFG - one of the largest banks in the world with $2.8 trillion in assets - we provide clients access to a range of leading solutions from fund administration, middle-office outsourcing, custody, foreign exchange, trustee services and depository to securities lending and other banking services.

With a diverse and dynamic network of offices across the globe, MUFG Investor Services provides challenging and rewarding careers. We achieve this by offering continuous learning and development, collaborative team-work environment, promotion of work-life integration, and exposure to a wide variety of work. MUFG Investor Services provides an opportunity to grow professionally, in a diverse and inclusive workplace that rewards contribution.

**About MUFG AFS Cayman Limited**:
MUFG AFS Cayman is the banking arm of the MUFG Investor Services located in the Cayman Islands, and licensed and regulated by the Cayman Islands Monetary Authority (CIMA). The Bank is primarily engaged in fund financing for its global fund administration clients and provides foreign exchange hedging services.

**About Banking Risk**:
The MAFS Banking Risk (BR) team comprises of a small team dedicated to providing risk reporting and monitoring, with employees based out of Canada (Toronto) and the Cayman Islands.

The mission statement of the team is ensuring that proper risk management controls and monitoring is in place and in accordance with the regulatory compliance policy of the company, to safeguard the interests of its clients, customers and stakeholders. The role will share this mission with team members and work closely with business and other control functions, support functions and service management functions.

The Associate, Banking Risk will report directly to the Senior Associate Director, Banking Risk and will perform a critical role in supporting the risk management framework and governance structure with appropriate standards and requirements around the identification, measurement, management, monitoring, reporting and escalation of various risk disciplines for the Bank (MUFG AFS Cayman/MAFS Cayman). This role supports the Bank’s Second Line of Defense (SLOD) function for the following risk categories, namely Credit Risk, Model Risk, Market Risk, Liquidity Risk, Interest Rate Risk and Counterparty Credit Risk.

**Job Description**:
**Key Deliverables**:

- Assist and engage in the development, implementation and ongoing maintenance of appropriate risk reporting to enable effective risk management of the Banking risk categories.
- Ensure periodic and timely reporting of various risk performance measures: Risk Appetite Statement (RAS), key Risk Appetite Measures, (_RAMs_) and Early Warning Thresholds that are under the purview of Banking Risk.
- Ensure the adequate monitoring, testing, validation and reporting of risks and risk controls to ensure management of risks within the parameters of the Risk Management Framework and as commensurate with the Risk Appetite Statement.
- Implementation, monitoring, reporting and maintenance of such controls, models, benchmarks, parameters and limits as are prudent and necessary, including “early warning” indicators for monitoring and periodic(annual) risk assessments.
- Escalation of issues identified, risk events and incidents through the Risk Management Framework to ensure timely remediation, or, where appropriate, risk acceptance.
- Investigate, identify and analyze various risk parameters and provide insight to management on business activities, cause-effect analysis of behavior/trends in such risk measures.

**Strategic Deliverables**:

- To support, engage or undertake delivery of any new projects/initiatives from improvements of current operational processes within the Risk team.

**Reporting**:

- Ensure timely execution and confirmation of various periodic reporting to senior management, executive committee, parent company and regulatory reporting.
- Regulatory Reporting: Periodic Regulatory reporting is a crucial role performed by Banking Risk. The Associate will be responsible for ensuring that all regulatory reporting is in line with current guidelines and further ensure timely and accurate reporting.

**Collaboration**
- Work with various departments or functions such as Treasury, Banking, Operations and Product teams to periodically monitor, document, assess, report and mitigate risk exposures.
- Assist and respond to queries from compliance and audit assessments, address timely closure of findings and impact issues being raised.
- Respond and collaborate with the parent company’s risk management functions to meet their guidelines for risk reporting and procedures.

**Qualifications**:
**Educational Requirements**:

- Minimum Under-Graduate Degree with a concentrati

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