Junior Associate Director, Banking Risk

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.

Job Description

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.

You 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.

• Assist in the Development, implementation and maintenance of appropriate risk-based policies, procedures, controls, monitoring and required infrastructure to provide effective risk management of the Banking risk categories;
• Establishment and maintenance of Risk Appetite Statement (RAS), key Risk Appetite Measures,(RAMs) and Early Warning Thresholds that are enterprise-wide and tailored to its business activities and operations;
• Ensure the adequate monitoring and testing 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 RAS.
• Assist in the implementation, monitoring, periodic reporting of Early Warning Indicators (EWIs) and various Risk Appetite Measure (RAMS) for monitoring and help establish such approval authorities and limits, ensure reporting and remediate breach of such limits.
• Assist in the review and execution of annual risk assessments process(RCSA) and any change risk assessments (CRA) for new or additional risks from enterprise wide new business initiatives, product development and as well as investing and financing activities of the Bank.
• Investigate, identify and analyze various risk parameters and provide insight to senior management on business activities, cause-effect analysis of behavior / trends in such risk measures.
• Ensure all periodic regulatory reporting is completed timely and accurately. Assist in the annual Internal Capital Adequacy Assessment Process (ICAAP) and all periodic qualitative and quantitative disclosure as required by the regulator.
• Engage and contribute to various projects or business initiatives to enhance or improve existing processes / procedures within the Banking Risk team.
• Work with various departments or functions such as Treasury, Banking, Operations and Product teams to periodically monitor, document, assess, report and mitigate risk exposures
• Perform other duties as assigned and incidental to the work described above.

Qualifications

• Significant experience in financial risk management, portfolio management, or related roles within a major bank or management consultancy.
• Demonstratable expertise in quantitative analysis, statistical modeling, and risk assessment methodologies, with a strong focus on portfolio risk management.
• Advanced understanding of credit markets and risk analysis to create models, risk ratings, loss estimates and risk management strategies.

Demonstrate a working knowledge of credit structuring.

• Excellent communication and interpersonal skills
• Proficiency in risk management software and tools, as well as advanced Microsoft Excel skills.

Additional Information

At MUFG Investor Services, we are exceptionally proud of our approach to Hybrid Working. It enables the flexibility to thrive from wherever our employees work and, stay connected to their team and our culture.

When we make Hybrid Working plans, we get to know the individual and pride ourselves in underpinning all our decisions with fairness and consistency.

MUFG Investor Services provides all of its employees with an extremely attractive compensation package. In addition to base salary, there is a group medical insurance scheme, group pension scheme, reimbursement of professional subscriptions, paid holidays and assistance towards gym memberships.

We thank all candidates for applying; however, only those proceeding to the interview stage will be contacted. If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure fair and equitable access throughout the recruitment and selection process.

All accommodation information provided will be treated as confidential and used only to provide an accessible candidate experience.

MUFG is an equal opportunity employer.