Assistant Vice President Operations

About MUFG

Mitsubishi UFJ Financial Group (MUFG) is a global financial group with 150,000 colleagues worldwide. The organization is committed to building long-term relationships, serving society, and fostering shared, sustainable growth. MUFG aims to be the world’s most trusted financial group, prioritizing people, diverse ideas, and collaboration for innovation and agility. This includes investing in talent, technologies, and tools to empower career development.

The Opportunity: Assistant Vice President Operations

MUFG is seeking an Assistant Vice President Operations for its Riyadh branch. This full-time role involves supporting banking operations across various products and services, collaborating with colleagues across departments and regions. The position is central to ensuring seamless transaction processing, regulatory compliance, and operational excellence within a supportive and inclusive environment. MUFG is dedicated to nurturing talent through ongoing training and fostering leadership growth. The ideal candidate will have 5-10 years of experience in banking operations.

Key Responsibilities

• Execute all transaction processing within the branch, including Trade Finance (Export, Import, Guarantees), Loans (Bilateral, Syndicated, Project Finance), Cash Management (account opening, remittances, online banking), Treasury Products (FX, Money Market), and Islamic Finance Products.
• Book and authorize all KSA-based transactions in the T24 core banking system, ensuring accuracy and compliance.
• Input and authorize SAR payments in SARIE, escalating issues as necessary.
• Ensure timely processing of all regulatory requests received through various platforms within central bank SLAs.
• Escalate incidents and identified risks promptly to the Operations Manager.
• Participate in Saudi-based governance committees, such as Operations’ Risk and Control, Business Continuity Plan, and New Product Approval.
• Prepare process manuals, workflows, guidelines, and procedures aligned with bank standards.
• Adhere to requirements set by the Head of KSA Office for preparing and submitting management periodic reports.
• Coordinate with teams for efficient preparation and submission of Operations regulatory reporting.
• Handle internal and external audit requirements by providing accurate information and documentation.
• Collaborate with team members to support the development of the Branch.
• Manage Islamic Finance transactions according to Shariah Compliant policies.
• Oversee the timely resolution of AUDIT or Self-Inspection findings.
• Respond effectively to Local & Regional Compliance queries.
• Act as a liaison between the London-based Processing Centre for EMEA (PCE), KSA customers, and Corporate Banking/Trade Finance/Treasury colleagues.
• Ensure adherence to all processes and flows in line with Head Office guidelines, identifying and addressing gaps.
• Communicate with ESO, escalating system-related incidents and collaborating to ensure systems meet BAU requirements.
• Manage junior team members, providing on-the-job training as needed.

Qualifications and Requirements

• Must be a Saudi National and Arabic speaker.
• 5-10 years of experience in banking operations, covering Trade Finance (LCs, LGs, Collections), Treasury products (FX, Money Market), Remittances (SAR clearing), Loans (Bilateral/Syndicated/Project Finance), and Cash Management (account opening/remittance/online banking).
• University Degree or equivalent qualification relevant to banking operations.
• Proficiency in using the T24 core banking system.
• Experience operating the SARIE platform for payment input, authorization, and escalation within KSA.
• Comprehensive knowledge of various SWIFT applications.
• Advanced Excel skills for data analysis and report preparation.

Required Skills

• Strong attention to detail, ensuring accuracy under pressure.
• Exceptional time management skills for workload prioritization.
• Outstanding communication skills, with fluency in English and Arabic.
• Demonstrated teamwork skills, contributing to communal goals and collaborative problem-solving.

Work Environment

MUFG in Riyadh fosters an inclusive workplace supported by knowledgeable leaders who promote growth through ongoing training. The organization values client centricity, a people focus, open communication, innovation, simplification, ownership, and execution. This role offers the opportunity to contribute to a global network known for financial strength and commitment to nurturing talent.