Director, CRCO Risk and Control Execution Standards (RCES)

    • New York, NY


Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018). In the Americas, we're 14,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We're a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Job Summary:

The Director of Risk and Control Execution Standards (RCES) is a leadership position reporting to and supporting the Head of the Practices, Methodology, and QA function, which seeks to build and develop standardized risk and control processes and tools, disseminate standard methodologies, and conduct oversight.

The Director of RCES will be responsible for establishing the Central Risk and Control Office (CRCO) RCES function. This includes transitioning existing RCES programs from other risk functions under the CRCO mandate, and implementing / enhancing RCES activities (e.g., procedures, reporting, etc.). RCES programs consist of approximately 8 risk management programs, such as Product Service Risk Assessments, Risk and Control Self Assessments, Third Party Risk Assessments, Data Risk Management etc.

Major Responsibilities:

The Director of Risk and Control Execution Standards develops standards, procedures, and tools, provides inputs into communications, trainings, and quality assurance activities, and performs process improvement activities. Detailed responsibilities include:

  • Develop an RCES Annual Plan (including prioritization, roll-out, and communication) for development / enhancements to RCES programs, including a phase-in approach to transition RCES programs from existing risk functions to the CRCO
  • Coordinate with the Second Line of Defense ("SLOD") to understand changes / enhancements to risk policies, and incorporate them into the RCES Annual Plan
  • Work with SLOD to understand policy requirements and operationalize requirements through deployment of standards, procedures, new or improved tools / templates, or technology for Business Unit utilization
  • Maintain and update RCES processes, procedures, controls, and tools for MUFG America's Business Units to utilize, including continuously and dynamically enhancing, implementing, and streamlining Business Unit risk and control execution practices and processes to address process shortfalls
  • Provide input into the communications and training strategy, including prioritization of curriculum, timing to conduct training, key partners required to attend, and roll-out plan.
  • Provide input into the QA program, including requirements for QA, prioritization, and timing to QA
  • Act as a leader and role model to develop and promote a workplace culture that values diversity of thought, promotes integrity, and creates an atmosphere that supports coaching and fosters accountability
  • Engage as a colleague across peer groups and in influencing the Executive Leadership Team; develop staff across the department and continuously improve self and department


  • Bachelor's Degree, preferably in Accounting, Finance, Economics, or related business field, at an accredited college or university; advanced degree and/or professional certifications (e.g., CPA, CIA) preferred
  • 10 to 15 or more years of relevant internal or external audit, financial services risk advisory, or risk management experience, plus 5 to 10 years of supervisory experience
  • Thorough knowledge of the banking industry
  • Expertise in leading program transformational change and proven track record in project management and coordination / integration efforts across multiple groups
  • Understanding of Issue Management, including integration and interaction with other risk management processes, MRA / MRIA remediation and understanding of regulatory expectations, risk reporting, and quality assurance
  • Deep knowledge of Operations Risk and associated frameworks, information, security, privacy, fraud, fiduciary, SOX, product due diligence, and product processes
  • Deep knowledge of internal and / or external audit
  • Knowledge of regulatory expectations for risk management, including heightened standards (1st, 2nd and 3rd lines of defense) and examination management
  • Familiarity with US regulations, compliance and governance
  • Proven strength in relationship development and leading through influence across business divisions and flexibility to adapt approaches to meet the needs of a broad range of business divisions and multiple partners; track record of success in leadership and a proven ability to attract, motivate and retain talent
  • Well organized, disciplined planner and implementer with sound strategic judgment, thinking and vision
  • Strong project management, workflow administration, and coordination and management of senior partners to meet project deadlines
  • Outstanding communication and presentation skills; ability to foster productive and collaborative working relationships across the organization
  • Strong communication and consistent demonstration of discretion and good judgment
  • Track record of stature and influence with Senior Executives, including ability to challenge risk taking
  • Ability to review information and solve problems quickly
  • Achievement oriented and takes initiative
  • High degree of professionalism and confidentiality in handling sensitive information
  • Capable of multitasking with a large portfolio of responsibilities
  • Well versed in current events impacting the financial services industry
  • Strong work ethic and ability to make decisions and work under tight deadlines
  • Ability to create a unified team and encourage the MUFG Union Bank culture

Join us as we evolve our organization

to become more agile, innovative and inclusive!

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.

MUFG Union Bank is part of Mitsubishi UFJ Financial Group (MUFG), the fifth largest financial group in the world.

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