Outsourcing & Vendor Management Specialist (MUFG Securities)

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.

Would you like to work for one of the World's largest banks in an exciting, dynamic and international environment?

We are currently recruiting for an Outsourcing & Vendor Management Specialist for MUFG Securities in Amsterdam.

MUFG Securities (Europe) N.V., is part of the Mitsubishi UFJ Securities Holdings Co., Ltd which includes MUFG Securities EMEA plc, MUFG Securities Americas Inc., MUFG Securities (Canada), Ltd. and MUFG Securities Asia Limited. Our aim is to provide an internationally integrated securities operation offering best in class service and products to corporate and institutional clients and those of the MUFG group. MUFG Securities (Europe) N.V. (MUS(EU)) is headquartered in Amsterdam and has a branch in Paris.

MUS(EU) conducts activities under an MFID ‘EEA passport’ applicable to transactions with and services to all EEA clients. Whilst leading up to Brexit, MUS(EU) was busy expanding our product range and enhancing our capability in readiness for the European market. The first trade was conducted on 25 March 2019. MUS(EU) offers a variety of flow products such as Debt Capital Markets, Structured Solutions, Derivatives Solutions Group, Repo Group, Equity Solutions, Securitization, and Green Bonds in order to meet the demands of our clients.

Based in Amsterdam and Paris, MUS(EU) is an integral part of MUFG’s global securities platform working closely with MUFG Securities (EMEA), MUFG Bank and MUFG bank (Europe) N.V. to offer a single MUFG solution to meet the needs of clients – it was established in order to replicate the services and arrangements which existed within MUFG Securities.

Your impact at MUFG

MUS(EU) is the European investment banking entity of MUFG, and operates in close partnership with its direct parent MUS(EMEA), the UK investment banking subsidiary of MUFG, and MUFG Bank (Europe) to provide financial intermediation between corporate and institutional clients and the market. MUS(EU) is active throughout the European capital markets, focusing on debt, derivatives and structured products.

The entity aims to make optimal use of the economies of scale and expertise that are available as a subsidiary of MUFG’s global organisation. Such support and expertise is set up in the form of outsourcing arrangements, in accordance with applicable regulatory expectations such as the EBA Guidelines on Outsourcing and the Digital Operational Resilience Act.

You will drive and oversee that all business lines operate in accordance with the established outsourcing principles, so that the entity remains in control.

The role includes the following:

Drive a variety of tasks and initiatives, to ensure a robust outsourcing framework which helps MUS(EU) remain in control. Stay up to date with the latest regulations, guidelines, and industry best practices related to outsourcing with the following responsibilities:

• Outsourcing and Third Party Risk Management (TPRM): Conduct thorough assessments of existing and proposed outsourcing arrangements, to evaluate their compliance with EBA guidelines. Identify any gaps or risks and provide recommendations for remediation. Coordinate Inter-Affiliate Service Level Agreements (IAAs) the creation, amendments, sign-off and review.
• Triaging: guide business owners through the relevant intra-group outsourcing lifecycle, from the initial sourcing and qualification analysis, criticality and inherent risk assessment, due diligence and contracting, notification and monitoring.
• Vendor Due Diligence: Oversee the vendor due diligence and onboarding process to ensure that potential outsourcing partners meet the necessary regulatory and operational standards. Review and evaluate vendor contracts and service level agreements (SLAs) to ensure compliance with EBA guidelines. Maintain an up-to-date vendor database for MUS(EU).
• Service monitoring: Oversee a robust cycle of service review meetings between service providers and business owners, where applicable key performance indicators (KPIs) and key risk indicators (KRIs) are measured, tracked and evaluated. Coordinate the regular review of KPIs and KRIs to ensure they remain relevant.
• Risk Management: Work closely with the risk management team to identify and assess outsourcing-related risks and develop mitigation strategies. Monitor outsourcing activities for potential risks and take appropriate actions to address them. Report findings, status and progress to the MUS(EU) Risk Management Committee and the Operational Control Committee.
• Stakeholder Engagement: Develop and maintain relationships with service provision teams, collaborate with internal stakeholders, such as the business units, legal and compliance, to ensure a coordinated approach to outsourcing activities. Represent MUS(EU) in the regional Business Critical Services (TPRM & Operational Resilience) framework.
• Training and Awareness: Conduct training sessions and workshops to educate employees on outsourcing EBA guidelines and their implications. Foster a culture of compliance and awareness throughout the organization.
• Reporting and Documentation: Prepare regular reports and documentation to communicate the status of outsourcing activities and compliance with EBA guidelines to senior management and relevant stakeholders.
• Policy Development: Develop and maintain comprehensive policies, procedures, and controls related to outsourcing activities, in accordance with EBA guidelines. Collaborate with internal stakeholders, including legal, risk management, and compliance teams, to align policies with regulatory requirements.
• Operational Resilience: Contribute to the wider resilience strategy in accordance with applicable requirements, in close collaboration and partnership with other functions and offices. Drive an appropriate and coherent linkage between outsourced services and associated resilience vulnerabilities.

In order to be successful in the role, you will need the following:

Skills and experience:

• Regulatory Knowledge: Understanding of outsourcing regulations, including the European Banking Authority (EBA) Guidelines on Outsourcing, Digital Operational Resilience Act (DORA). Awareness of other relevant regulatory frameworks, such as GDPR, is beneficial.
• Analytical Skills: Strong analytical skills with the ability to review and analyse complex outsourcing documentation and identify compliance gaps or risks. Proficiency in using analytical tools and techniques to support decision-making processes.
• Languages skills: Fluent in English. Other languages such as French, Dutch and Japanese, are helpful.
• Experience in Investment Banking, perhaps in Operations, Middle Office, Risk Management, Business Management.
• Experience in database tooling such as ServiceNow, analytical tools such as PowerBI and Excel.

Personal requirements:

Integrity and Responsibility

• Balance Risk with Opportunity
• Customer Focus
• Demonstrate Global Perspective

Professionalism and Teamwork

• Drive For Results
• Collaborate and Build Partnerships
• Communicate Effectively and Professionally

Challenge Ourselves To Grow

• Influence and Inspire Others
• Lead Change & Seek Continuous Improvement
• Think Strategically
• Manage and Develop Talent

What do we have to offer:

We offer you a role in one of the largest banks of the world in a growing and international environment. You have various opportunities to develop yourself and we will support you with that by offering various training and development possibilities.

• We take into account your home situation and your ambitions and help you to balance work and private life.
• Monthly team events.
• To work in an ambitious, international environment with colleagues from different countries and cultures, who strive for the best.

Besides that we will offer you:

• Gross salary based on experience and consistent with the market
• 8% holiday allowance and 13th month payment.
• 28 vacation days per year. Optional you can buy 15 additional days.
• Commuting allowance based on annual public transport 2nd class, most economical way, or € 0,23 per km with a max of 75km one way.
• €5,00 net remote working compensation per day, with a maximum of €60,00 per month.
• Possibility to order a mobile phone (up to €800,-)
• Possibility to order Office Equipment’s for the home office, (up to €500,-)
• Remote Working Policy i.e. Working From Home (WFH) and Remote Working in another Country.
• Bicycle plan (fiscal benefit)
• Company fitness (fiscal benefit)
• Mental health workshops and budget for external courses (i.e. Dutch language classes).
• Employee contribution towards Pension insurance (max 5%, currently 2%), our pension scheme is based on a defined contribution scheme.
• Training & development possibilities paid by the bank

Additional information:

The application window will be closed per April 28 2025.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.

About US

At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!

Our Culture Principles

• Client Centric
• People Focused
• Listen Up. Speak Up.
• Innovate & Simplify
• Own & Execute