Documentation Quality Control Analyst T500-19555

About Us:

MUFG Bank, Ltd. is Japan's premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank's parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be the world's most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG Global Service Private Limited:

Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFG's global network across Americas, EMEA and Asia Pacific.

Position Title: Documentation Quality Control Analyst

Corporate Title: Analyst

Job Profile:

Position details:

The use of models presents model risk, which is the potential for adverse consequences from decisions based on incorrect or misused model outputs and reports. Model risk can lead to financial loss, poor business and strategic decision-making, or damage to a banking organization's reputation. Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses. The candidate will report to the Head of Model and EUCC Risk Management in MGS India as a part of the Model and End User Computing Calculator (EUCC) Risk Center of Excellence. This team works to support the Model and EUCC Risk Management team of the Americas which is responsible for the enterprise-wide model validation and control function to ensure the continued safety and soundness of models used across the bank. Americas Model Risk Management touches models across all lines of businesses in the Americas.

The requirement of the role may evolve depending on the future target operating model of the Model and EUCC Risk Center of Excellence. Maintaining a willingness to learn and a can-do attitude are important elements for success. The ideal candidate is one who is able to adapt to and assist in different responsibilities.

Roles and Responsibilities:

The Quality Control role is responsible for ensuring the quality of the Model Validation Report which is the primary deliverable coming out of the independent model validation. The validation is a critical work product for the organization and is subject to regulatory and audit scrutiny.

Quality Control is the final step in the model validation process to ensure the validation report is fully compliant to the standard. The candidate will perform Quality Control verification following all Model Validation Reports, document comments on observed gaps, review remediation and publish the validation report. The candidate will work with the validators and governance team to conclude on any outstanding gaps. The candidate will work with the governance team to identify efficiencies or process improvements, or other projects as needed.

Job Requirements:

• 2 - 4 years of experience, preferably within the financial services industry or risk management.
• Experience with risk and controls assessment processes or other quality control functions. Experience in at least one of the following areas is ideal: Model Risk Management, EUCC Risk Management, Internal Control, Quality Control, Third Party Risk Management, Operational Risk Management, Compliance, Internal Audit, or other Regulatory-related supervision.
• Good verbal / written communication and people management skills.
• Knowledgeable model risk management and associated US regulatory requirements such as OCC 2011-12, FRB SR 11-7 is a plus.
• Experience working with offshore partners is preferred.

Equal Opportunity Employer:

The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, color, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual's associates or relatives, or any other classification protected by the applicable laws.