Senior Associate Director Controls Third Party Management
Senior Associate Director Controls Third Party Management
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Job Description
Reporting to Head of Third Party Management (TPM) to maintaining and implementing the ThirdParty Risk Management governance framework across the Group and supporting the Head of Controls in meeting their responsibilities.
- Assist with the implementation and maintenance of the group Third Party Risk Management governance framework with respect to all thirdparty provider (TPP) engagements to include outsourcing arrangements. Ensure compliance with same across the organisation and perform ongoing review of its effectiveness in identifying reducing controlling and reporting key outsourcing risks that impact clients and the business.
- Assist in ensuring ThirdParty Risk Management (TPRM) policies and procedures adhere to regulatory standards. Responsible for keeping up to date with changing regulations in relevant jurisdictions and application of knowledge to role. Coordinate with Compliance Operational Risk and internal /external audit to meet group and regulatory requirements.
- Act as point of contact:
- For business owners of inscope TPP relationships.
- For TPM related queries and provide guidance and training in line with TPRM policy TPM procedures and regulations to the internal clients and stakeholders; and
- between the parties to TPP engagements as required
- Complete risk assessments / due diligence on all third parties onboarded by the group as well as support business owners through the TPM cycle (onboarding ongoing monitoring amendment termination)
- Oversee advise and support all parties in the performance of ongoing monitoring and periodic reviews of Third Party (including IntraGroup) arrangements including onsite inspections assessment of all proposed new engagements and maintain records of any oversight activities.
- 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 favourable trends.
- Assist in maintaining the group records of Third Party Providers as well as Regulatory specific Registers (DORA CBI Outsourcing etc.) drafting and distribution of documentation for the completion of assessments ongoing monitoring and periodic reviews.
- Continuously look to automate and develop the thirdparty management processes for efficient execution of the third party management governance framework.
- Assist in reporting to the Outsourcing and Risk Committees the Boards of all outsourced service receivers and MUTB on the thirdparty management governance framework.
- Prepare and deliver Client due diligence presentations as directed. Participate in client due diligence RFPs or external thirdparty provider assessments as required
- Manage support and train other members of the ThirdParty Management team as necessary
Qualifications :
- Primary level degree in law business finance or a relevant professional qualification.
- Experience working in the fund administration industry or other relevant industry. This can include other administrators investment managers or fund auditors.
- Prior experience of inhouse legal practice third party risk management risk or compliance in the financial services industry.
- Expert knowledge of outsourcing regulatory regimes in relevant jurisdictions
- Expert knowledge of risk assessment and third party management.
- Strong computer skills with strengths in Microsoft Office products. Proficiency with Microsoft Excel is particularly an asset.
- Preference will be given to a candidate with a working understanding of fund administration industry.
- Sound knowledge and experience of outsourcing/third party management framework and the ability to implement and apply to the business.
- Excellent analytical and communication skills (Written & Verbal).
- Strong influencing and Relationship Management skills conducted with integrity and sound judgement.
- Ability to project manage across jurisdictions / locations and operate effectively in a changing environment.
Additional Information :
Whats in it for you to join MUFG Investor Services
Take a look at our careers site and youll find everything youd expect working with one of the fastestgrowing businesses at one of the worlds largest financial groups. Now take another look. Because its how we defy expectations that really defines us. Youll feel that difference in all kinds of ways. Our vibrant CULTURE. Connected team. Love of innovation laser client focus.
So why settle for the ordinary Apply now for your next Brilliantly Different opportunity.
We thank all candidates for applying; however only those proceeding to the interview stage will be contacted.
MUFG is an equal opportunity employer.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
