Assistant Vice President, Third Party Vendor Risk

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

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

About the role:

This role will be a core member of a cross-functional team established to oversee the relationship between MUFG Oceania, regional branches and material service providers.

The Assistant Vice President will report into the Vice President, Corporate Planning & Strategy Manager and will work in partnership with various stakeholders to ensure governance and provide oversight of material service providers, ensuring compliance with internal policies and local regulations including APRA CPS230.

What you'll be doing:

• Collaborate as part of a cross-functional team to support compliance with CPS230 requirements by executing deliverables within the project milestones and in adherence with internal policies and regulatory guidelines.

• Partner with business units to complete assessments of material service provider arrangements in adherence to APRA's CPS230. 

• Establish processes and workflows to provide the team regular updates on arrangements and monitor activities across the business units.

• Analyse the practicality of the governance frameworks and identify the areas of improvement both from effectiveness and efficiency perspective.

• Maintain current working knowledge of vendor-related laws and regulatory requirements to ensure compliance.

• Partner with 2nd Line of Defense to ensure continued alignment between standards/strategies and applicable Bank policies. Partner with SLoD to drive policy changes where needed to bridge gaps and improve efficiency/effectiveness.

• Establish and drive routine reporting cadence, data analytics, and produce dashboard reporting and other reporting artifacts to proactively identify emerging risks, issues, or challenges.

• Prepare and deliver Oceania Executive Committee (OEXCO) level reporting where required, to provide visibility into material service providers, risks, and issues in order to support and facilitate executive decisions.

• Work in partnership with stakeholders across various departments to ensure required documentation and data is accurate and provided on time.

• Provide necessary trainings to business units to ensure their compliance with internal policies and regulatory requirements.

What we are looking for:

The successful candidate will have 3-5 years' experience in financial services, with strong experience in designing and operation of third-party risk management under Australian Prudential Standards and working knowledge of vendor-related laws and regulatory requirements.

You'll have excellent presentation, written and verbal communication skills, together with strong stakeholder engagement and influencing skills.

You'll likely have a college diploma / tertiary qualifications in a related discipline.

Our culture:

MUFG fosters a highly professional, supportive work environment that enables our employees to help maximize our customers' prosperity. We focus on building long-term customer relationships and giving back to our communities in order to develop shared and sustainable growth for a better world.

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.