Senior Associate, Operational Risk

Company Description
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

Job Description
We are looking for a motivated and detail-oriented individual to support the local implementation of our Operational Risk and Resilience (ORR) programme. This role will ensure that operational risk practices and resilience standards are embedded effectively across our operations. The programme integrates business continuity, resilience planning, and core operational risk processes such as incident management, risk assessments, and control monitoring.

Operational Risk

• Support the identification, assessment, and documentation of operational risks and controls within local business units in Cyprus.
• Assist in the coordination and tracking of risk incidents, including classification, effective escalation aligned to severity and follow-up on action plans. Contribute to periodic risk reviews, assessments, and reporting activities.
• Help maintain local risk registers where relevant and ensure data integrity in risk management tools.

Business Continuity And Resilience

• Support the development and testing of local business continuity plans (BCPs).
• Assist and support in resilience exercises including scenario testing, impact analysis, and recovery strategy evaluations.
• Maintain documentation for continuity plans and ensure regular updates are completed.
• Coordinate with local teams and key stakeholders during incidents to support business recovery activities.

Programme Implementation & Monitoring

• Act as a liaison between the central Operational Risk and Resilience team and local business functions.
• Engage with business operations, support and IT departments in the ongoing determination and capture of critical business processes; critical business service / functions
• Ensure local alignment with global policies and frameworks.
• Provide support for training, awareness, and communication initiatives related to operational risk and resilience.
• Monitor and report on the status of risk and resilience initiatives locally.
• Under supervision and as directed, work on the development and enhancement of the Risk department tools and methodologies, and standard operating procedures to support the Operational Resilience, Operational Risk Management and Business Continuity programs.
• Support with the preparation of regular, ad-hoc or special reporting for the company's Risk Committee and Group / Board as well as parent company as required
• Update training material to support delivery of training locally
• Study new and emerging international requirements and regulations and assess / communicate their impact on the business

Qualifications

• At least 3 years' experience working in or with Operational Risk and/or Business Continuity Management with preferably a working knowledge of Fund Administration
• Post-secondary degree in accounting, finance, law, economics, business or a related discipline
• Professional qualification in risk or a related discipline would be preferred
• Knowledge and understanding of regulatory requirements for risk management and BCP, as well as risk requirements and guidelines
• Knowledge of risk assessment techniques, business impact analysis, BCP planning and testing with strong cross-experience in financial services / fund services
• Comfortable working with complex datasets and familiar with power apps, modern data modelling apps and reporting tools.
• Project management skills and ability to analyse project progress and direct / redirect team efforts
• Advanced ability with the Microsoft Office suite of applications
• Advanced proficiency in Microsoft Excel and experience of onboarding new systems / technology are preferred.

Additional Information
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.

We thank all candidates for applying; however, only those proceeding to the interview stage will be contacted.