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.

The chosen candidate will be supporting and joining the MUFG AFS Cayman, Banking Risk team which is primarily dedicated to providing internal financial risk reporting and monitoring for the bank, the parent company (MUTB, Tokyo) and the banking regulator. The candidate will have an opportunity to work and liaise with a diverse group of employees and functions across the bank and its operations that support the fund administration business of MUFG Investor 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.

Ideally, we would target an individual with a beginner to intermediate-level of reporting and technical skillsets using applications such as Microsoft office, Power BI, VBA, SQL and with knowledge of risk management functions.

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.

Educational Requirements:

• Minimum Under-Graduate Degree with a concentration in Banking, Finance, Risk Management or related fields.
• Postgraduate Degree, MBA is preferred but not mandatory.
• Professional certification/designations is preferred but not mandatory(e.g. FRM, CFA, CPA)

Work Experience:

• 1-3 years of experience in risk reporting role is preferred.
• Proven technical ability and skillset in Credit, Market, Liquidity, Interest Rate, Counterparty Credit and Operational Risk disciplines, would be plus.
• Knowledge and experience of Banking regulatory risk management frameworks and would be of value.
• Proven ability to clearly articulate, effectively influence and consistently build strong lasting working relationships with stakeholders across all levels and jurisdictions.
• Ability to prioritize competing projects and conflicting demands to meet deadlines, think critically and strategically, and contribute.
• Excellent work ethic, accountability, integrity, high degree of autonomy and personal drive, technologically proficient and professionally adaptable.
• Knowledge of MUFG, its organizational structure, products, working culture and corporate values would be an asset.

Functional or Technical Skills:

• Strong skills and experience working with Microsoft Office Products. Proficiency with Microsoft Excel/Access with knowledge of macros, pivot tables, charts and power queries etc. Proficiency of VBA, SQL and Macros is preferred but not essential.
• Reporting experience with business intelligence tools like Power BI and Tableau is an advantage. Experience in data extraction, analysis and reporting using Bloomberg/Reuters etc. is preferred.

Communication Skills:

• Good communication skills and grace under pressure when dealing with others.
• Responds to needs in a timely approachable and responsive way
• Ability to maintain long term relationships with various stakeholders, counterparties, clients and regulators.

Drive for Results:

• Demonstrate accountability and autonomy in their job function utilizing experience and knowledge to troubleshoot and solve complex problems.
• Willing to embrace new technologies to identify new solutions & inefficient processes.
• Able to exercise initiative in the performance of duties.
• Have a supportive mentality to deliver and perform under pressure from deadlines, targets.
• Facilitates change and ability to seek synergies in improvement of processes.

Interpersonal Skills:

• Ability to work in a team, communicate effectively and establish positive working relationships with others.
• Excellent communication and organizational skills.
• Ability to build and manage strong relationships both internally and externally
• Willing to listen to others, is approachable and willing to learn from peers and leaders.

Personal Capability:

• Strong attention to detail while working in a fast-paced environment.
• Creativity in exploring solutions to improve day-to-day operational efficiency
• Adaptable to the changing needs of a fast-growing business with an ability to multitask.
• Ability to work well under pressure. Demonstrate resilience when faced with challenges
• Fundamental understanding of technical processes and requirements of the role.

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.