Associate, Controls, Third Party Management

MUFG Investor Services is a trusted partner to many of the world’s largest public and private funds, providing asset servicing and operational solutions built for alternatives.

With over $1 trillion in client assets under administration, we offer fund administration, banking, payments, fund financing, foreign exchange overlay, corporate and regulatory services, custody, business consulting, and more. Operating from 17 locations worldwide, we help clients mitigate risk, enhance efficiency, and navigate the operational complexities of today’s investment management landscape. As a division of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions with approximately $3 trillion in assets, we combine deep expertise with the strength and stability of a leading financial institution.

To learn more, visit us at www.mufg-investorservices.com.

Reporting to the Senior Associate Director, Controls, Third Party Management, assisting with responsibility for maintaining and implementing the Third-Party Risk Management governance framework and supporting the Head of Third-Party Management (TPM) in meeting their responsibilities.

• Assist with the implementation and maintenance of the group Third Party Risk Management governance framework with respect to all third-party 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.
• Act as point of contact:• For business owners of in-scope 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

• Assist with completion of risk assessments / due diligence on all third parties onboarded by the group as well as support business owners through the TPM lifecycle (onboarding, ongoing monitoring, amendment, termination)
• Support all parties in the performance of ongoing monitoring and periodic reviews of Third Party (including Intra-Group) 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 to resolve.
• 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.
• Assist in monitoring third party performance and risk metrics, contract obligations, and service-level adherence
• Support the continuous enhancement of TPP data quality and controls.
• Contribute to the development of third-party management processes for efficient execution of TPRM governance framework.
• Assist in preparing g reports to the Outsourcing and Risk Committees, the Boards of all outsourced service receivers and MUTB on the third-party management governance framework.
• Participate in client due diligence, RFPs or external third-party provider assessments as required
• Assist in ensuring Third-Party 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. Co-ordinate with Compliance, Operational Risk and internal /external audit to meet group and regulatory requirements.
• Manage, support and train other members of the Third-Party Management team as necessary

• Primary level degree in law, business, finance or a relevant professional qualification.
• At least 2 years’ experience working in the fund administration industry or other relevant industry experience. This can include other administrators, investment managers or fund auditors.
• Prior experience of third-party risk management or operational risk in the financial services industry.
• Expert knowledge of risk assessment and third-party management
• Strong knowledge of outsourcing regulatory regimes in relevant jurisdictions
• Proficiency in MS Excel, Power Bi, and other data analysis tools 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.

What’s in it for you to join MUFG Investor Services?  

Take a look at our careers site and you’ll find everything you’d expect from a career with the fastest-growing business at one of the world’s largest financial groups. Now take another look. Because it’s how we defy expectations that really defines us. You’ll feel that difference in all kinds of ways. Our vibrant CULTURE. Connected team. Love of innovation, laser client focus, and next-level LEARNING & DEVELOPMENT. Oh, and we really walk the talk when it comes to HYBRID WORKING.    

So, why settle for the ordinary?  Apply now for a Brilliantly Different career.