Testing Risk Analyst AVP - WealthApply Now
- Requisition # 10041699-WD
- Job Type Day
- Location Irvine, CALIFORNIA
- Date Posted 02/23/2021
Your potential. Your opportunity.
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 have our clients’ best interest in mind and draw on more than 160 years of experience to understand their distinct needs to tailor our solutions. We’re part of 180,000 colleagues around the globe striving to be the world’s most trusted financial group, knowing that 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.
The Testing Risk Analyst's primary responsibility is to perform analysis and conduct testing on controls related to risks within business area Risk and Control Self Assessments (RCSA), Product and Service Risk Assessments (PSRA), and perform issue remediation validation. You will complete comprehensive documentation to support testing performed, and clearly articulate any issues discovered to business line management. Support the Business Unit Risk Manager (BURM) and Division Risk Managers with all risk control testing activities related to the business divisions within the Regional Bank. Additionally, you will be responsible for supporting the Regional Bank testing team in assessing control design and monitoring of control effectiveness through the performance of quality assurance procedures. Does this sound like you?
You should 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 necessary. 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.
Under the direction of the Group Risk Manager, you will conduct appropriate and thorough tests and analysis to confirm the effectiveness of certain controls within various business area RCSAs, PSRA, and validate the adequacy and sustainability of issue remediation.
- Following established standards, you will present clear and documented evidence of testing and analysis performed, as well as an accurate assessment of the results.
- You will provide clear, concise, and accurate communication of any issues found to business management.
- 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
- Assist with the development and refresh of product and service specific test plans and control mapping
- Clearly document testing procedures to evaluate control effectiveness, and identify control gaps and communicate emerging risks
- Perform independent QA procedures to assess control design and effectiveness
- Support documentation of testing results in the system of record and partner with BURM testing staff and business divisions of any remediation activities, including documentation of action plans
- Ensure the 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 scope as requested by BURM
Documentation and Reporting:
- Inform line of business ratings as needed
- You will handle communication within business divisions (i.e., process support owners, product owners, Business Compliance Officer (BCO) and management as appropriate]
- You will support BURM Issues Management staff in documenting, monitoring, and reporting on self-identified, audit, compliance, and regulatory issues
- Ad hoc or special project management participation responsibilities
- Respond to questions from business partners and senior management
Education, Licensure, Year of Experience (and type of work experience):
- Typically requires a BA or BS degree
- You should have at least 5-7 years’ experience in risk management or internal audit functions within a financial institution
- Knowledge of operational risk management concepts and a background in risk and control self-assessment and data analysis skills and /or meaningful experience preferred
- Knowledge of OCC, FINRA, and SEC Regulations applicable to large banks, broker dealers, investment advisory firms, and trust companies a plus
- Experience in developing, tracking, and analyzing risk related assessments and functions
Knowledge, Skills, Abilities:
- Proficiency in Microsoft Office required
- Excellent interpersonal skills, both verbal and written
- Experience with a broad range of reporting tools (e.g., Business Objects) and prior project management experience are a plus
- Flexible and able to balance several priorities at once
- Strong analytical skills and good judgment
- Experience in financial institutions and finance organizations.
- Experience in public accounting, audit, and/or professional services desired.
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.
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.