MUFG Union Bank Commercial Lending Agency Operations AVP in Jersey City, New Jersey
Commercial Lending Agency Operations AVP - 10042231-WD
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020).In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.
The Assistant Vice President will be responsible for managing onshore captive, and offshore vendor staff responsible for supporting Letters of Credit within the MUFG Agency portfolio. The role will also be responsible for managing all Letter of Credit activity, including new issuances, amendments, extensions, and terminations within credit facilities where MUFG acts as Administrative Agent; subject matter expertise in both the LC and Agency Servicing space is paramount. The role will report directly into the Vice President, who oversees the Agency function across multiple MUFG legal entities in the US.
Responsible for the day-to-day management of the LC portion of the portfolio, both from a people and a product perspective
Ensure all transactions are followed and managed appropriately, minimizing operational risks and losses, and ensuring compliance with all bank policies and procedures
Accountable as main approver related to these transactions within various internal systems
Act as primary point of contact related to SOX testing, internal and external audit requests, issue escalation, etc.
Minimize population of KRI’s, breaks, and exception items within the space; provide assistance in remediation as a subject matter expert
Coordinate with the VP for support on initiatives, including technology or infrastructure enhancements, system upgrade and replacement efforts, human capital discussions, etc. and ensure appropriate resource allocation, business requirements, SME knowledge, testing, and implementation
Design and implement departmental structural and procedural changes where necessary
Performance management for direct reports, including setting objectives, performance evaluations, disciplinary procedures
Comprehensive knowledge of the Syndicated Loan Market, particularly the role of Administrative Agent. Prior LSTA or working group involvement a plus
In depth understanding of Letters of Credit, especially in the role of Administrative Agent and Issuing Bank
Familiarity interfacing with 3 rd party Issuing Banks from an Administrative Agent perspective
Understands market conventions for managing products across Syndicated & Commercial Lending Operations
Management experience, including managing a remote team
Comfortable interacting with senior internal and external stakeholders, including the Bank’s Clients, Investors, other Agent Banks, Issuing Banks, Syndications, Front Office etc.
Ability to analyze and streamline operational processes, improving productivity and efficiency
Knowledge of systems used to manage the Syndicated lending business: AFS, ACBS, Loan IQ, Trade 360, Clearpar, Syndtrak, Intralinks, Debt Domain
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
Job : Operations
Primary Location : NEW JERSEY-Jersey City
Job Posting : Jun 10, 2021, 2:17:54 PM
Shift: : Day
Schedule: : Full Time
Req ID: 10042231-WD