MUFG Americas
SME Insurance Third Party Risk Management, Assistant Vice President
MUFG Americas, Tampa, Florida, us, 33646
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 120,000 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 selected colleague will work at an MUFG office or client site four days per week and work remotely one day. A member of our recruitment team will provide more details.
Job Summary:
The individual will be responsible for the 1st line of defense Third-Party Risk Management vendor insurance requirements and assessment. This includes providing recommendations for required insurance as well as reviewing to ensure vendor insurance meets contractual requirements. They will work closely with senior members of the business line, providing current standing and potential impacts of vendor insurance requirements. Additionally, they will monitor insurance coverage to ensure vendors remain in compliance with their contracts. Insurance assessment of vendors:
Responsible for providing recommendations related to insurance requirements in vendor contracts. Collection and assessment of certificates of insurance to determine contractual compliance related to insurance coverage. Provide an opinion on the level of risk presented by the vendor’s insurance coverage, ensuring stakeholders understand the risk and impact. Support the business in understanding the impact where certificates of insurance are not available, and determine suitable next steps. Active portfolio management of the vendor base:
Monitor certificates of insurance of the vendor base; manage monitoring and take action when triggers are met. Provide reporting on insurance requirements and coverage, including views of the overall vendor base, divisional, and category-specific reports. Identify potential changes to insurance requirements within vendor contracts and collaborate with stakeholders to implement those changes. Stay current on sector and regulatory developments relevant to insurance and risk management. Coordinate and communicate critical account information directly to related parties, including the business line and TPMs. Participate in presentations to senior executives, discussions with internal auditors, and external regulators. Contribute to special assignments and projects as required. Policy Compliance:
Ensure compliance with external regulations and internal policies. Participate in ad-hoc policy meetings to enhance the organization’s credit risk framework. Qualifications:
3+ years of experience in insurance requirements and validation of financial statements. Strong skills in data collection and reporting. Understanding of regulatory issues (FRB, OCC, FDIC). Proficiency in Word, Excel, and PowerPoint. Excellent written and verbal communication skills. Bachelor’s or Master’s degree in business or a related field. The typical base pay range for this role is between $78K - $111K, depending on experience and location. The role may be eligible for performance-based bonuses and other benefits including health and wellness benefits, retirement plans, educational assistance, paid leave, and holidays. For more details, please see our
MUFG Benefits Summary . We consider all qualified applicants, including those with criminal histories, in accordance with applicable laws and regulations. We are an Equal Opportunity Employer committed to diversity and inclusion, and we do not discriminate based on protected statuses.
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The individual will be responsible for the 1st line of defense Third-Party Risk Management vendor insurance requirements and assessment. This includes providing recommendations for required insurance as well as reviewing to ensure vendor insurance meets contractual requirements. They will work closely with senior members of the business line, providing current standing and potential impacts of vendor insurance requirements. Additionally, they will monitor insurance coverage to ensure vendors remain in compliance with their contracts. Insurance assessment of vendors:
Responsible for providing recommendations related to insurance requirements in vendor contracts. Collection and assessment of certificates of insurance to determine contractual compliance related to insurance coverage. Provide an opinion on the level of risk presented by the vendor’s insurance coverage, ensuring stakeholders understand the risk and impact. Support the business in understanding the impact where certificates of insurance are not available, and determine suitable next steps. Active portfolio management of the vendor base:
Monitor certificates of insurance of the vendor base; manage monitoring and take action when triggers are met. Provide reporting on insurance requirements and coverage, including views of the overall vendor base, divisional, and category-specific reports. Identify potential changes to insurance requirements within vendor contracts and collaborate with stakeholders to implement those changes. Stay current on sector and regulatory developments relevant to insurance and risk management. Coordinate and communicate critical account information directly to related parties, including the business line and TPMs. Participate in presentations to senior executives, discussions with internal auditors, and external regulators. Contribute to special assignments and projects as required. Policy Compliance:
Ensure compliance with external regulations and internal policies. Participate in ad-hoc policy meetings to enhance the organization’s credit risk framework. Qualifications:
3+ years of experience in insurance requirements and validation of financial statements. Strong skills in data collection and reporting. Understanding of regulatory issues (FRB, OCC, FDIC). Proficiency in Word, Excel, and PowerPoint. Excellent written and verbal communication skills. Bachelor’s or Master’s degree in business or a related field. The typical base pay range for this role is between $78K - $111K, depending on experience and location. The role may be eligible for performance-based bonuses and other benefits including health and wellness benefits, retirement plans, educational assistance, paid leave, and holidays. For more details, please see our
MUFG Benefits Summary . We consider all qualified applicants, including those with criminal histories, in accordance with applicable laws and regulations. We are an Equal Opportunity Employer committed to diversity and inclusion, and we do not discriminate based on protected statuses.
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