Director FI, Fund Financing & Alternative Funds
Pay Competitive
Location London/England
Employment type Full-Time
Job Description
Req#: 10060080-WD
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 160,000 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.
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. 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 vision to be “the world's most trusted financial group”, 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, MUFG Bank, 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
EMEA Financial Institutions Credit Risk Management - FIG Credit Risk is a 2nd Line of Defence (“2LoD”) integrated International Credit Risk Division specialised in activity with Financial Institutions and complex transactions. The members of the Division have dual hatted credit risk management responsibilities for EMEA operations of MUFG Securities (EMEA) and MUFG Bank EMEA
Its major functions are outlined as follows:
o Assessment and management (including credit approval) of credit risks and related risks from activity with FIs / Sovereigns / NBFI’s and trading complex transactions
o Assessment and management of country risks
o Management of problematic assets
o Monitoring, reporting and early action
o Portfolio analysis and management
Number of Direct Reports
3 FTE
Main Purpose of the Role
o To support the Head and deputy Head of Credit Risk Management and FIG Credit Risk, EMEA to direct the continuous development of EMEA’s credit risk framework, risk appetite portfolio monitoring and early warning frameworks in line with shareholders, client and regulatory expectations.
o To develop, lead, manage, and guide a group of credit professionals responsible for non-bank FI credit, Fund Financing and structured finance credit.
o To exercise delegated credit approval authority and/or make recommendations to senior management on transaction specific files as well as continuously and actively monitoring the portfolio in line with internal policies and applicable regulatory guidelines.
Key Responsibilities
o Exercise Delegated Credit Approval authority and/or make recommendations to senior management on transaction specific files/transaction level internal ratings as well as continuously and actively monitoring the portfolio in line with internal policies and applicable regulatory guidelines.
o Represent Credit Risk Management/Financial Institutions Group (‘FIG’) Credit Team at appropriate Regional and Global forums across MUFG entities to share opinions and influence decisions that impact their areas of specialism.
o Analysing counterparty risk deriving from plain vanilla, subscription finance, Heding FX structures, and complex/structured bilateral or portfolio transactions to ensure a balanced risk/return approach and appropriate use of capital. This could include an in-depth analysis of individual transactions, challenging cash flow and scenario assumption-based modelling to ensure both repayment capacity and to determine potential loss scenarios.
o Reviewing transaction material and front office analysis and participating in transactional due diligence, client legal and other relevant meetings, challenging assumptions and conclusions as necessary.
o Providing creative solutions: Influencing transaction structures and credit risk related terms/conditions when required.
o Collaborating with appropriate department(s) to ensure credit risk can be modelled and measured correctly.
o Contribute to the development and implementation of regional/global credit strategy for the FIG sector and strategic business initiatives and sectors within the overall Medium-Term Business Plan including assessing and setting risk appetite, underwriting criteria and limits.
o Support the continuous development of regional/global credit risk frameworks, risk appetite, portfolio monitoring and early warning frameworks relevant to the integrated Credit Risk Management/FIG Credit team.
o Represent Credit Risk Management and FIG Credit Risk in MUFG Committees and Fora.
o Presenting large transactions to senior management in the securities house and the bank for discussion and approval.
o Transactional and other trading documentation: Set credit risk related terms in trading documentation to mitigate credit risk and ensure transactions perform as expected. This could include close liaison with the Legal department, external counsel, the client, etc. as appropriate to the underlying transaction.
o Monitoring: Ensure existing transactions are performing as expected through analysis and management information.
o Where appropriate, ensure that the necessary guidelines, procedures, and approvals are in place for new products (via the New Business Committee and New Product Approval processes), through proactive liaison with the business units and other relevant areas.
o Assume and Perform Managerial responsibilities within the Credit Risk Management/FIG Credit Team and supervise designated direct reports.
o Support initiatives to develop joint governance and seek to align methodologies and policies as relevant between the securities house and the bank.
o Support Chief Credit Risk Officer and Head of CRM in implementing the new integrated structure for the Bank and Securities Business.
o The role is dual hatted and spans both MUS (EMEA) and MUFG BK EMEA.
Work Experience
Essential:
o Extensive experience working in financial institutions carrying out credit work for FI and/or structured finance area preferably within applicable sector verticals.
o Proven experience in FI / corporate banking and/or structured finance
o Significant supervisory experience of a credit risk group
Preferred:
o Sufficient experience in alternative area if an applicant being single-experienced for either corporate or structured finance.
o Proven experience in investment banking in credit or front office
Skills and Experience
Functional / Technical Competencies:
Essential
o Outstanding credit assessment and credit risk management skills
o Extensive relevant industry experience with a deep area of credit specialism
o In depth knowledge of credit and risk principles, products, derivatives and management
o Extensive experience in dealing with regulatory audits associated to credit
o Experienced team management, coaching and mentoring skills
o Advanced interpersonal skills with ability and experience to communicate to both senior (including executive) management and junior members of staff.
Education / Qualifications:
Essential
o Bachelor Degree
Preferred:
o Master’s Degree
Personal Requirements
o Excellent communication skills
o Results driven, with a strong sense of accountability
o A proactive, motivated approach
o The ability to operate with urgency and prioritise work accordingly
o Strong decision-making skills, the ability to demonstrate sound judgement
o A structured and logical approach to work
o Strong problem-solving skills
o A creative and innovative approach to work
o Excellent interpersonal skills
o The ability to manage large workloads and tight deadlines
o Excellent attention to detail and accuracy
o A calm approach, with the ability to perform well in a pressurised environment
o Strong numerical skills
o Excellent Microsoft Office skills
o A confident approach, with the ability to provide clear direction to your team
o Excellent managerial/leadership experience
o The ability to lead a high performing team
o A strategic approach, with the ability to lead and motivate your team
o The ability to articulate and implement the vision/strategy for FIG Credit EMEA
We are open to considering flexible working requests in line with organisational requirements.
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.
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