Vice President, Enterprise Risk Management (Scenario Stress Testing) Vice President, Enterprise Risk Management  …

MUFG
in London, England, United Kingdom
Permanent, Full time
Last application, 16 Feb 20
Competitive
MUFG
in London, England, United Kingdom
Permanent, Full time
Last application, 16 Feb 20
Competitive
Enterprise Risk Management is responsible for supporting the Chief Risk Officer to implement an effective risk governance framework, and providing a holistic view of the risks facing MUFG in EMEA, including through integrated stress testing and capital adequacy assessments for senior management. The department additionally develops MUFG’s recovery planning and crisis response framework and supports the resolvability of legal entities within MUFG in EMEA; Model risk management; and new business and product risk governance.

OVERVIEW OF THE DEPARTMENT/SECTION

We have an exciting opportunity within Enterprise Risk Management within the Resilience team covering Scenario Stress Testing for MUFG across EMEA. With responsibility to develop and maintain the scenario stress testing framework for MUFG within EMEA this role requires an individual with a good depth of knowledge of financial markets, the ability to work with teams across the bank and experience of presenting at senior management forums.

NUMBER OF DIRECT REPORTS

0

MAIN PURPOSE OF THE ROLE 

Scenario stress testing in EMEA encompasses multi-risk factor stress tests, from short term forward looking, historical, capital planning, regulatory equivalents (Bank of England and EBA), IFRS 9 and reverse across MUFG Bank and MUFG Securities in EMEA. The role involves working with a number of teams such as Technology for technical implementation, Risk and Finance for SME consultation and the Front Office to discuss scenario development, scenario impact and results from stress tests.

The role has responsibility for the full end to end stress testing framework including:

  • Keeping up to date with market developments and best practice
  • Development of technical methodologies
  • Working with the Front Office to develop scenario narrative and parameters
  • Planning and coordinating the  stress testing exercises
  • Calculating the results of stress testing and understanding the impact
  • Presenting results to senior management forums

The results from stress testing are used for decision making, calibration of risk appetite and are in addition core components of MUFG’s Internal Capital Adequacy Assessment Process (ICAAP) and Recovery Plans developed in EMEA.

KEY RESPONSIBILITIES

  • Develop and maintain the framework and methodology for the full suite of scenario stress tests in EMEA including implementing improvements to stress testing approaches, working with teams across Risk, Finance and Technology
  • Plan, Coordinate and Execute the integrated stress tests for MUFG working with teams across the firm to bring the information together
  • Provide written analysis on the emerging threats to the business identified through routine stress testing and scenario analysis, including presenting conclusions to senior committee meetings
  • Develop and maintain the framework and methodology for IFRS 9 scenario calculations and analysis, working with colleagues across EMEA
  • Support the Chief Risk Officer in presenting key information to senior management on the risk profile of the company
  • Support the development and maintenance, with relevant risk specialists, international risk policies and relevant procedures to support the Risk Management Framework.
  • Support EMEA in becoming the Centre of Excellence and provide support for regions through risk training and sharing best practice.

 

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

  • Multi-risk factor scenario stress tests
  • Reverse stress testing
  • Regulatory best practice
  • IFRS 9
  • Quantitative approaches to analyse results and work with risk specialists to validate
  • Technical implementation of stress testing frameworks in risk infrastructure

Preferred

  • Experience of wider ERM responsibilities such as Policy, Governance, Risk Appetite
  • Experience of regulatory stress tests
  • Experience of ICAAP Pillar 2B capital buffer calculations
  • Use of third party economic research and financial modelling tools

PERSONAL REQUIREMENTS

  • Excellent communication skills
  • Results driven, with a strong sense of accountability
  • A proactive, motivated approach.
  • The ability to operate with urgency and prioritise work accordingly
  • Strong decision making skills, the ability to demonstrate sound judgement
  • A structured and logical approach to work
  • Strong problem solving skills
  • A creative and innovative approach to work
  • Excellent interpersonal skills
  • The ability to manage large workloads and tight deadlines
  • Excellent attention to detail and accuracy
  • A calm approach, with the ability to perform well in a pressurised environment
  • Strong numerical skills
  • Excellent Microsoft Office skills

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

 

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.

We are open to considering flexible working requests in line with organisational requirements

 

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