MUFG

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.

Job Summary: 

Reporting to the Head of GFCD Model Governance Team, this position has been created for the purpose of establishing GFCD Global Model Governance capabilities for MUFG. 

The AVP will support the end‑to‑end governance of GFCD Global Financial Crime and Compliance (FCC) models/systems. This role is responsible for ensuring models used for AML, sanctions, KYC and broader financial crime risk management are developed, implemented, governed, and maintained in accordance with internal policy and regulatory expectations.

This position plays a key role in supporting to oversee model lifecycle activities, assessing model risk, ensuring documentation and controls are robust, and partnering with model owners, validation, compliance, technology, audit, and senior management to maintain a strong global model governance framework.

Major Responsibilities:

• In connection with the Global Financial Crimes program –

• Support the governance and lifecycle management of models/system in scope (e.g., AML TM, sanctions screening, customer risk rating models). Collaborate with regional model owners and model users to embed a Model Governance lens across all models/systems.

• Ensure compliance with enterprise and local/regional Model Risk Management (MRM) policies, including model inventory governance, tiering, annual reviews, and periodic recertifications.

• Conduct independent assessments of model design, intended use, limitations, assumptions, and ongoing performance.

• Update and maintain high-quality model documentation, ensuring completeness, clarity, and adherence to internal standards.

• Monitor model issues, findings, and remediation plans to ensure timely closure and sustainable controls.

• Partner with Tuning & Optimization teams to ensure proposed model testing and tuning are methodologically sound and well‑supported.

• Support regulatory exams, internal audits, and remediation projects related to model governance, documentation, and model risk management.

Qualifications:

Experience/Skills

• 3–5 years of experience in Model Governance, Model Risk Management (MRM), Model Validation, or quantitative roles within AML/BSA, financial crime and compliance.

• Strong understanding of model lifecycle activities (development, implementation, validation, ongoing monitoring, change management, and retirement).

• Knowledge of mathematics and statistics, skilled in interpreting and evaluating statistical analysis, including classification accuracy, sampling methodologies, error metrics, and model performance indicators.

• Ability to code using R/Python/SQL for data analytics is a strong plus.

• Ability to use Tableau or other data visualization tools.

• Experience preparing or reviewing high‑quality model documentation (methodology documents, monitoring templates, validation packages, model change documentation, etc.).

Education

• Bachelor’s degree in Statistics, Mathematics, Economics, Data Science, Computer Science, Engineering, or other quantitative discipline required.
• Master’s degree or higher is preferred.

The typical base pay range for this role is $90,000 to $110,000 depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

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.

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 in MGS India. The team 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 and the candidate will have opportunities to work in validation across all areas of the bank.

This is a hands-on role with the additional responsibility for leading a team of 2-3 model quants.

Roles and Responsibilities

• Independently validate pricing models (Interest Rates, Credit, Equities, FX) and/or counterparty credit risk models (e.g., XVA, PFE/EPE, CVA, IMM components) used for trading, risk management, and capital purposes

• Conduct end‑to‑end model validation, including review of modeling methodologies, assumptions and limitations, calibration approaches, implementation logic, and numerical robustness

• Design and execute independent testing and benchmarking, including sensitivity analysis, stress testing, back‑testing, and comparison to alternative models or market practices

• Assess compliance with Americas Model Risk Management Policies and Procedures and U.S. regulatory expectations

• Engage with model development, front office, risk, and technology teams to challenge methodologies, resolve validation findings, and support remediation while maintaining independence

• Prepare clear and concise validation reports for senior management, model risk committees, auditors, and regulators; support regulatory examinations as required

• Perform activities across the model lifecycle, including model inventory review and classification, ongoing performance monitoring, annual model reviews, issue tracking, and assessment of material model changes in line with model risk governance standards

• Manage and develop a team of validators, ensuring the quality, consistency, and timely delivery of validation outputs

• Liaise with colleagues across locations to ensure effective coordination across the global model risk organization

Job Requirements

• 6–10 years of experience in model validation, model development, or front‑office quantitative roles within a bank or financial institution

• Strong expertise in derivative pricing models (across one or more asset classes) and/or counterparty credit risk models

• Solid grounding in quantitative finance and advanced mathematics, including stochastic calculus

• Experience reviewing or developing model methodologies, assumptions, calibration techniques, and implementations, with the ability to independently challenge model design and results

• Familiarity with model risk management frameworks and regulatory requirements such as FRB SR 11‑7, OCC 2011‑12 (Model Risk Management), and Basel standards

• Proficiency in at least one programming language used in quantitative analysis (e.g., Python, C++, MATLAB, R)

• Excellent verbal and written communication skills, with experience interacting with senior stakeholders and regulators

• Experience leading validation workstreams and/or mentoring junior team members in a high‑performance environment

• Advanced degree (Master’s or PhD preferred) in Quantitative Finance, Mathematics, Statistics, Physics, Engineering, or a related discipline

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.

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.

Position details

The Model Risk Manager Governance position is a key role in Quantitative Risk Control (QRC) and reports directly to the Head of QRC Governance. This position supports the Bank’s Model and End User Computing Calculator (EUCC) risk management programs through advanced data management, analysis, reporting, and automation.

The role is highly analytical and technology-driven, requiring exceptional Excel expertise (i.e., Office scripts, VBA, advanced formulas, etc.), strong Tableau development skills, and the ability to perform data analysis and reporting using Tableau and SAS as needed. The individual will play a critical role in enhancing, developing and automating governance reporting, improving data quality, and streamlining processes to support regulatory, audit, and management oversight. 

Roles and Responsibilities

Model and EUCC Risk Governance

• Support governance, data management, analysis, and reporting for the Model Risk Management and EUCC programs.

• Develop, maintain, and enhance Model and EUCC risk Excel and Tableau dashboards and management reports using Excel, Tableau and SAS sourced with data from central inventory system.

• Perform analytical reviews of model and EUCC inventory data to identify trends, risks, data quality issues, reporting gaps, and potential reporting and system enhancements.

• Conduct identification and risk assessment of End User Computing Calculators to support EUCC classification, governance, and ongoing risk management.

• Support regulatory exams, internal audits, committee reporting, issue remediation activities, and ad hoc governance initiatives.

• Apply strong risk management discipline and demonstrate a commitment to best practices and high internal standards.

• Support annual activities such as Annual Model Review and Owner Attestation.

Data Analysis, Reporting, and Automation

• Serve as a subject matter expert in Excel, including advanced formulas, pivot tables, Power Query, macros, and process automation.

• Design and automate recurring reports and controls to improve efficiency, accuracy, and timeliness of governance deliverables.

• Support and enhance automated month-end and periodic reporting processes, including data preparation and validation.

• Manage large datasets across model and EUCC inventories, ensuring consistency, completeness, and accuracy across systems.

Systems and Technology Enablement

• Support ongoing enhancements of QRC’s Model and EUCC management application.

• Partner with technology and risk stakeholders to improve data flows and reporting logic.

• Identify opportunities to streamline workflows and automate manual processes across governance, reporting, and inventory management.

Stakeholder Engagement and Communication

• Work closely with model owners, validators, risk managers, and other bank-wide stakeholders in a service-oriented and value-add capacity.

• Communicate effectively with both technical and non-technical audiences, translating analytical results into clear business messages.

• Thrive in a fast-paced, evolving environment with changing priorities and regulatory expectations.

• Demonstrate high energy, accountability, and a strong desire to contribute to the ongoing success of QRC organization.

Job Requirements:

Required Qualifications

• Bachelor’s degree in Finance, Risk Management, Data Analytics, Information Systems, or a related field.

• 2+ years of experience in risk management, model governance, data analytics, or a related control function, preferably within financial services.

• Advanced Excel skills, including complex formulas, pivot tables, Power Query, macros, and automation.

• Strong experience with Tableau for dashboard development, reporting, and data visualization.

• Strong written and verbal communication skills, with the ability to work effectively across teams.

• Highly organized, detail-oriented, and able to thrive in a fast-paced environment.

Preferred Qualifications

• Working knowledge of SAS for data analysis and reporting.

• Knowledge or experience supporting Model Risk Management and/or End User Computing Calculator (EUCC) governance, including risk assessments.

• Familiarity with governance, risk, or workflow platforms such as RSA Archer or IBM OpenPages.

• Knowledge of Copilot and Copilot agents

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.

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.

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 in MGS India. The team 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 and the candidate will have opportunities to work in validation across all areas of the bank.

This is a hands-on role with the additional responsibility for leading a team of 2-3 model quants.

Roles and Responsibilities

• Independently validate wholesale credit risk models (e.g., internal rating models, PD, LGD, EAD models, credit scoring models and portfolio credit risk) used for risk management, capital calculation, and regulatory reporting
• Conduct end‑to‑end model validation, including review of modeling methodologies, assumptions and limitations, estimation and calibration approaches, and implementation logic
• Design and execute independent testing and benchmarking, including calibration testing, sensitivity analysis, stress testing, back‑testing, and comparison to alternative models or industry practices
• Assess compliance with Americas Model Risk Management Policies and Procedures and U.S. regulatory expectations
• Engage with model development, credit risk, business and technology teams to challenge methodologies, resolve validation findings, and support remediation while maintaining independence
• Prepare clear and concise validation reports for senior management, model risk committees, auditors, and regulators; support regulatory examinations as required
• Perform activities across the model lifecycle, including model inventory review and classification, ongoing performance monitoring, annual model reviews, issue tracking, and assessment of material model changes in line with model risk governance standards
• Manage and develop a team of validators, ensuring the quality, consistency, and timely delivery of validation outputs
• Liaise with colleagues across locations to ensure effective coordination across the global model risk organization

Job Requirements

• 6–10 years of experience in model validation or model development within a bank or financial institution
• Strong expertise in wholesale credit risk models, such as internal rating systems, PD, LGD, and EAD models, credit scoring models, portfolio credit risk models, and stress testing frameworks
• Solid grounding in quantitative methods, statistics, and econometrics relevant to credit risk modeling
• Experience reviewing or developing model methodologies, assumptions and limitations, calibration techniques, and implementations, with the ability to independently challenge model design and results
• Familiarity with model risk management frameworks and regulatory requirements such as FRB SR 11‑7, OCC 2011‑12 (Model Risk Management), and Basel standards
• Proficiency in at least one programming language used in quantitative analysis (e.g., Python, SAS, MATLAB, R)
• Excellent verbal and written communication skills, with experience interacting with senior stakeholders and regulators
• Experience leading validation workstreams and/or mentoring junior team members in a high‑performance environment
• Advanced degree (Master’s or PhD preferred) in Quantitative Finance, Statistics, Economics, Mathematics, Engineering, or a related discipline

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.