Requisition ID 37149 - Posted 13/07/2021 - London Ropemaker Place - Permanent - Worldwide
We are MUFG. 360 years of heritage. A world-class set of businesses. And more than 180,000 employees in 50 markets. It’s no surprise that MUFG has grown to become one of the top five banks in the world. Our services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG offers stability in an ever-changing market, providing services to high-profile clients worldwide.
Our vision? To become the world’s most trusted financial group. You’ll help us achieve it.
Please visit our website for more information - mufgemea.com.
Overview of Credit Office for EMEA (“ECRO”): ECRO is a credit division responsible for corporate banking credit for non-Japanese corporates, non-Japanese FIs, and non- Japanese Sovereigns (collectively Global Corporates).
Its major functions are outlined as follows:
Assessment and management of credit risks and related risks
Assessment and management of country risks
Management of problematic assets
Monitoring, reporting and early action
Portfolio analysis and management
NUMBER OF DIRECT REPORTS
MAIN PURPOSE OF THE ROLE
Assess rating and credit proposal of financial institutions, sovereigns and supranationals (FIG) sector
Set risk appetite for FIG clients and evaluate transactions for approval in accordance with applicable policies, procedures and delegated authorities
Monitor and exercise control over own portfolio of FI clients and take proactive actions when necessary
Exercise appropriate oversight of the assigned client, irrespective of which legal entity those risks are booked
Collaborate across the wider FIG Credit as well as EMEA Risk Management function and relevant global functionsin MUBK and MUS
Assessment and recommendation of appropriate rating of FIG clients in a timely manner
Maintenance of EMEA portfolio across MUBK and MUS within areas of responsibility
Minimisation of credit cost
Contribution to development and implementation of credit strategy for FIG sector including assessing and setting risk appetite, underwriting criteria and limits
Management of own workload efficiently while not sacrificing quality
Compliance with all regulatory requirements as well as internal policy and procedure
Essential: Required Work Experience:
Solid experience in credit risk with a focus on FI credit analysis.
Strong knowledge of corporate finance, capital markets, traded products and credit / market risk principles.
Good product knowledge covering corporate lending, derivatives and trade finance.
Good documentation knowledge, covering key credit clause negotiation.
Familiarity with regulatory frameworks and relevant banking regulation.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Strong analytical skills on how to assess a FI financial performance.
Understanding of how to assign probability of default credit ratings and LGD’s.
Working knowledge of legal documentation and key credit clauses.
Education / Qualifications:
Bachelor Degree or equivalent (Essential)
Relevant industry accreditation (Beneficial)
Excellent communication skills with the ability to convey credit arguments clearly and concisely
Results driven, with a strong sense of accountability
The ability to operate with urgency and prioritise work accordingly
Strong decision making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Excellent interpersonal skills
The ability to manage large workloads and tight deadlines
Excellent attention to detail and accuracy
A calm approach, with the ability to perform well in a pressurised environment
PERFORMANCE AND DUTIES
The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.
As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.
MANAGING CONFLICTS OF INTEREST
The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.
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.
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.