MUFG Vice President Credit Manager, Securitisation in London, United Kingdom
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Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th 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.
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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
Overview of Structured Finance Credit Office (“SFCO”)
SFCO (formally known as Investment Banking Credit Division) is a 2LoD function responsible for analysing, approving, sanctioning and monitoring the credit quality of structured finance transactions, including;
Structured Trade Finance
Asset-backed Finance (inc. Securitisation)
SFCO is a global department, office being located in Tokyo, New York, Los Angeles, Singapore and London. London office (SFCO (EMEA)) is responsible for the EMEA region and we work closely to ensure global consistency in credit approvals.
Overview of Credit Office for EMEA (“ECrO”):
ECrO is a 2nd Line of Defence (“2LoD”) function 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
To support Group Heads to direct the continuous development of CIB Credit for EMEA’s credit risk framework, risk appetite portfolio monitoring and early warning frameworks in line with shareholders, client and regulatory expectations.
To 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.
Support Group Heads on the following;
Credit counterpart to the 1st Line of Defense (“1LoD”) relationship managers and applicable product offices, including divisional heads where necessary.
Provide timely and succinct advice or briefings (in verbal or written form) to senior London and Tokyo management, including Chief Credit Officer for EMEA, Regional Executive for EMEA (“REE”) and Executive in Charge of Credit (“ECC”).
Proactive solutions driven engagement with front line on deal specific and/or strategic developments through expert guidance, direction, feedback and identification of red flags or breaches of internal guidelines and policies.
Conduct credit analysis of certain allocated sectors/products including drafting of credit papers, application of rating methodology, preparation of comparative statistics, graphs and tables under the guidance of senior management.
Monitor/review existing portfolio transactions and make recommendations in terms of credit and rating decisions.
Work on ad-hoc projects, as instructed by Group Head or senior management, to setup/adjust the risk criteria/policy and to improve the quality of portfolio.
Follow the trend, market, and developments in certain allocated sectors/products, EMEA countries, players and financial/legal structures and share those with the team.
Support the development of more junior colleagues in the team and share technical knowledge of certain allocated sectors/products.
As required, prepare reports for Tokyo Head Office and European Headquarters as well as creating credit committee materials.
To comply with all regulatory and compliance procedures.
Responsible for meeting internal policy requirements.
Sufficient experience working in financial institutions carrying out credit work for corporate and/or structured finance area
Adequate experience in corporate banking and/or structured finance.
Sufficient experience in Asset-backed Finance (inc. Securitisation)
Proven experience in investment banking in credit or front office
Skills and Experience
Functional / Technical Competencies:
Sufficient credit assessment and credit risk management skills
Adequate relevant industry experience with a deep area of credit specialism
In depth knowledge of credit and risk principles, products, derivatives and management
Sufficient experience in dealing with regulatory audits associated to credit
Advanced interpersonal skills with ability and experience to communicate to both senior management and junior members of staff.
Education / Qualifications:
- Bachelor Degree
- Masters Degree
Excellent communication skills
Results driven, with a strong sense of accountability
A proactive, motivated approach
The ability to operate with urgency and prioritize work accordingly
Strong decision making skills, the ability to demonstrate sound judgement
A structured and logical approach to work
Strong problem solving skills
A creative and innovative 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 pressured environment
Strong numerical skills
Excellent Microsoft Office skills
A confident approach, with the ability to provide clear direction to your team
The ability to lead a high performing team
A strategic approach, with the ability to lead and motivate your team
The ability to articulate and implement the vision/strategy for CIB Credit for EMEA
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.
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