DORA Regulatory Business Analyst
Job Description
Job title: DORA Regulatory Business Analyst
Company: Deerfoot
Job description: JD – Regulatory Business Analyst (DORA Implementation)
About MUFG
MUFG (Mitsubishi UFJ Financial Group) is one of the world’s leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia.. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
As one of the top financial groups globally with a vison to be the world’s most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG’s global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do.We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking (Japan’s leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan’s largest securities firms), and MUFG Americas Holdings.
Please visit our website for more information – mufgemea.com.
Main Purpose of the Role
To implement requirements under the DORA regulation by January 2025, MUFG Technology Resilience is mobilising a large-scale programme of work to ensure regulatory and applicable standards are met. This will involve aligning internal ICT and external third-party ICT (including any ICT services provided through outsourcing) governance practices with DORA’s resilience pillars and incoming guidance published within future Regulatory Technical Standards (RTSs) and Implementation Technical Standards (ITSs).
We are looking for a Business Analyst with an understanding of the new DORA regulation/requirements and applicable Third Party Risk Management rules to support the programme from January 2024. The selected BAs will work across the six pillars of DORA, which have been determined as: * ICT Risk Management – Ensuring MUFG entities/branches have internal governance and control frameworks that allow them to manage ICT risks effectively and prudently
- ICT related Incident Reporting – Reporting major ICT-related incidents to the relevant regulator
- Digital Resilience Testing – Regularly carrying out digital operational resilience testing, including a range of assessments, methodologies, practices and tools
- Information Sharing – Ensuring that any cyber threat information is shared amongst other financial entities to minimise the risk of future events
- ICT Third Party Risk – Managing ICT third-party risk within their ICT risk management framework
- General Governance Principles – Having a robust and well-documented ICT risk management framework in place that allows them to address ICT risks quickly and comprehensively
Across the above pillars, the role holder will need to work collaboratively with a blended team of: MUFG subject matter experts, legal resources, external consultancy, and broader business functions to facilitate compliance with DORA regulations/requirements.
Key Responsibilities
The role holder will be responsible for assisting applicable MUFG entities/branches with being able to demonstrate meeting the following (non-exhaustive) testing requirements and understanding the aims of each:
- Critical role in conducting the gap analysis to allow MUFG to allow for an understanding of the scope and size of the uplift
- Designing potential solutions to any problems identified during the gap analysis phase across all workstreams
- Overseeing the implementation of approved process improvements
- Preparing and delivering reporting of their findings to leadership with comprehensive risk and impact assessment
- Supporting the necessary branches/entities through the transition process
- Contributes to the deployment plan and appropriate rollback plan, working with Workstream Leads and Project Manager
The above responsibilities will be performed across both MUFG Bank and MUFG Securities EMEA plc under a dual-hat arrangement. Under the arrangement, the role holder will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the employing entity.
Skills / Experience
- The role holder will have 5+ years of experience supporting financial institution(s) to deliver regulatory initiatives in the capacity of a Business Analyst.
- Demonstratable evidence of working on similar operational resilience projects or regulatory compliance programmes within the financial sector
- Knowledge and general understanding of EU DORA
- Knowledge of Resilience Testing processes and controls
- Knowledge of EBA outsourcing Guidelines, PRA SS2/21 (outsourcing and TPRM), ESMA Guidelines on outsourcing to cloud service providers and UK Operational Resilience regulatory requirements would be advantageous due to overlap with DORA.
- Degree educated and / or equivalent
- Evidence of effective communication skills both written and verbal including presentations
- Strong analytical and problem-solving skills
- Excellent attention to detail and accuracy
- Results driven, with a strong sense of accountability
- An ability to operate with urgency and prioritise work accordingly
- A structured and logical approach to work
- Excellent interpersonal skills
- Strong Microsoft Office skills
Deerfoot IT Recruitment & MUFG
- Deerfoot IT has been a leading partner on MUFG’s preferred supplier list for IT Recruitment (across perm, FTC and day rate contracts) for more than 10 years, making us the longest standing partner on their PSL.
- We received MUFG’s UK Supplier of the Year award for our delivery on day rate contract hires.
- We share a trusted relationship with MUFG’s internal talent acquisition team and hiring manager’s
Why Apply through Deerfoot?
- We provide an impartial and consultative service that centres on equipping you with comprehensive and trustworthy insights regarding opportunities, devoid of any manipulative or coercive techniques.
- Client-side stakeholders place their confidence in our market knowledge and unbiased approach, leading to the attainment of impressive CV submission to interview/offer ratios. Candidates represented by Deerfoot stand out distinctly rather than getting lost in the crowd.
- Our efforts are dedicated to securing the optimal outcome on your behalf. Upon reaching the offer stage, we skillfully engage in diplomatic negotiations to ensure the most favorable salary or day rate is achieved.
- For over two decades, we have undergone annual audits by BSI (the global leader in business process standards), consistently achieving the BSI 9001 Quality Standard without fail.
- As a REC Corporate Member, which is the recognised trade body for our industry, we firmly adhere to and uphold their code of Professional Practice
- With every candidate’s CV that we present to a recruiting client, we contribute £1 to the Born Free Foundation.
- Since 2020, we have operated as a climate action workforce through Ecologi, effectively offsetting the entire carbon footprint of all our employees.
Expected salary:
Location: United Kingdom
Job date: Sun, 31 Dec 2023 03:11:23 GMT
