MUFG Associate, Business Management (Global Corporate & Investment Banking) in London, United Kingdom
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.
OVERVIEW OF THE DEPARTMENT/SECTION
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, and East Asia.. 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 vison to be the world's most trusted, 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.
The role of the Global Corporate and Investment Banking (GCIB) Business Support team is to provide valuable support, monitoring and reporting as well as acting as an effective 1st line of defence for GCIB and in particular European Structured Finance Office (ESFO), both from an origination and portfolio perspective.
NUMBER OF DIRECT REPORTS
MAIN PURPOSE OF THE ROLE
Provide proactive, thorough and accurate support by conducting key monitoring and reporting tasks, working closely with the Origination and Portfolio teams of ESFO to provide valuable support to ensure as a business there are no breaches of credit policy, lapses in credit sanctions or reputational damage as well as assisting them on various internal processes for both new and existing transactions.
Responsible for the monitoring, updating and reporting of the following tasks:- Monitoring of Borrower Ratings- New Business Credit Application expiry dates- Covenant set up and ongoing monitoring- Monitoring of Conditions and Instructions set by Credit Teams- Waiver request monitoring
Perform accurate and timely administrative, reporting and due date control tasks in relation to the above in an efficient and responsive manner in order to manage operational risks and ensure internal and external deadlines are adhered to.
Review documentation and extract covenants to be monitored for newly signed transactions and amendments as well as monitoring the receipt of covenants and reporting any breaches/outstanding covenants
Responsible for ensuring that data is transposed on to GCARS (Credit System) accurately, according to the specifics of the deals and in accordance with bank credit policy for Credit Applications and Borrower ratings for new and existing transactions
Responsible for ensuring that the necessity for FX liquidity application is evaluated and, when required, that submission is within the timeframe stipulated by the approving division
Assist deal team members with completion of fee notifications and fee accruals ensuring accuracy and adherence to deadlines, as stipulated by the relevant SOX controls.
Build relationships throughout MUFG to establish a peer network, hold regular meetings with stakeholders, gather relevant information and help to ensure effective interactive inter-departmental collaboration.
Seek opportunities and drive implementation of process enhancements to increase efficiency, accuracy and collaborative working.
Represent Business Support and the wider GCIB at internal forums/Working Groups as required and contribute to discussions in order to promote efficiencies and more effective working practices
Develop an excellent understanding of all core systems and procedures within GCIB.
Provide training to new/junior members of the team in London and Bangalore and check aspects of their work
Undertake any ad-hoc exercises/reporting as assigned.
Strong understanding of banking products and systems
Experience working within a support team
Loan Documentation and covenant monitoring experience
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Proficient in Excel and Word
Relevant industry experience and/or experience of working in a support team
Education / Qualifications:
- A Level and/or relevant work experience
Good communication skills
Results driven, with a strong sense of accountability
A proactive, motivated approach
Excellent attention to detail and accuracy
The ability to operate with urgency and prioritise work accordingly
A structured and logical approach to work
Good problem solving skills
A creative and innovative approach to work
Good interpersonal skills
The ability to manage large workloads and tight deadlines
A calm approach, with the ability to perform well in a pressurised environment
Strong Excel & Word skills
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.
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
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute