SR OPERATIONS RISK SPECIALIST - RETAIL RISK MANAGEMENT (ORANGE)
Job Field: Legal Jobs
Location: ORANGE, CA
Salary: $Not stated
JOB SUMMARY:
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<tr><td valign="top" width="450"><b>Title: SR OPERATIONS RISK SPECIALIST - RETAIL RISK MANAGEMENT (ORANGE)Location: CALIFORNIA-ORANGEHeadquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $87.9 billion at June 30, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates 402 branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visitwww.unionbank.comfor more information.Job Summary:The Sr. Operational Risk Specialist will primarily support the Business Unit Risk Manager with all risk activities related to Retail and Business Banking. This includes assessing control design, testing and monitoring of control effectiveness through the performance of quality assurance procedures. In addition, he/she will participate in assessing, tracking and reporting results of various risk management activities, and Special Project coordination as the need arises. He/she will have involvement in the introduction of new products risk assessments, vendors and information security risk.Major Responsibilities:* Risk Assessment, Control Evaluation and Quality Assurance (70%)* Identify risk trends and/or symptoms of process control breakdowns* Develop and customize testing procedures to assess identified control gaps* Perform independent quality assurance procedures to assess control design and control effectiveness* Coordinate testing activities with related unit management* Assess results of testing performed to determine areas for potential improvement* Document testing results in the system of record* Coordinate with business units any remediation activities, including documentation of action plans* Monitor progress of remediation activities * Monitor risk management activities to ensure proper performance and completion for the units within area of responsibility.* Identify and communicate emerging risks* Participate on ad-hoc working groups to address and resolve new areas of risk as requested by BURM.Documentation and Reporting* Assist BURM in documenting process flows using Visio tool* Design and have input into risk reports for BURM's areas of responsibilityTraining, Communication, Committee Meeting Participation & Special Projects* Identify training needs associated with changes in the organization, employee turnover and control deficiencies as identified through the quality assurance work* Coordinate communication within Retail business units* Ad hoc or special project management responsibilities* Represent BURM on committees related to entity-wide risks* Respond to questions from senior management* BA or BS degree,* 7 years experience in operations management, internal or external audit or other risk management functions within a financial institution* Excellent organizational skills * Excellent communication skills, both oral and written* Must be proficient with Microsoft Power Point, Excel, Visio* Experience with a variety of reporting tools a plus (e.g., Business Objects)* Must be flexible and able to balance several priorities at once* Strong analytical skills and good judgmentWe offer a competitive compensation and benefits package including a 401K plan. Pre-employment background screening is required for all positions. Union Bank is committed to leveraging the diverse backgrounds, perspectives and experiences of our workforce to create opportunities for our people and our business. EOE. M/F/D/V
KEY REQUIREMENTS:
Not stated