Risk Management Associate Director

2 weeks ago


Old Toronto, Ontario, Canada MUFG Investor Services Full time

Job Summary

MUFG Investor Services is seeking a highly skilled Risk Management Associate Director to join our team. As a key member of our Third Party Management team, you will be responsible for maintaining and implementing the Third-Party Management governance framework and supporting the Head of Third Party Management in meeting their responsibilities.

Key Responsibilities

  1. Assist with the implementation and maintenance of the group Third Party Management governance framework with respect to all third-party provider engagements, including outsourcing arrangements, to ensure compliance across the organization and perform ongoing review of its effectiveness in identifying, reducing, controlling, and reporting key Third Party Management risks that impact clients and the business.
  2. Ensure third-party risk management and Third Party Management policies and procedures adhere to regulatory standards, staying up-to-date with changing regulations in relevant jurisdictions and applying knowledge to the role. Coordinate with Compliance, Operational Risk, and internal/external audit to meet group and regulatory requirements.
  3. Act as a point of contact for Third Party Management-related queries and provide guidance and training in line with third-party management policy, procedures, and regulations to internal clients and stakeholders, maintaining a team spirit and collaborative approach.
  4. Oversee, advise, and support all parties in the performance of ongoing monitoring and periodic reviews of Third Party engagements, including outsourcing arrangements, and on-site inspections, and assessment of all proposed new engagements.
  5. Identify third-party management issues and risk trends, with attention to outsourcing regulatory requirements, at the earliest opportunity, agree remedial action, and where possible implement best practice in alignment with favorable trends.
  6. Assist in maintaining the group records of Third Party Providers and Outsourcing Registers, drafting and distribution of documentation for the completion of assessments, ongoing monitoring, and periodic reviews.
  7. Continuously look to automate and develop the third-party management processes for efficient completion of third-party management governance.
  8. Assist in reporting to the Outsourcing and Risk Committees, the Boards of all outsourced service receivers, and MUTB on the third-party management governance framework.
  9. Prepare and deliver client due diligence presentations as directed. Participate in client due diligence, RFPs, or external third-party provider assessments as required.
  10. Manage, support, and train other members of the Third Party Management team as necessary.

Requirements

  1. Primary level degree in law, business, finance, or a relevant professional qualification.
  2. Prior experience of in-house legal practice, third-party management, risk, or compliance.
  3. Proficiency in MS Excel, PowerBi, and other data analysis tools an asset.


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