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MUFG Vice President, Credit Quality Assurance Senior Manager 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 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.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

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.

Credit Quality Assurance (CQA) Team, as a part of the Internal Audit (EIA) Bank’s third Line of Defence, provides independent assurance to the Board and Executive Management on the quality of the credit portfolio and underlying sectors and individual obligors and associated aspects of credit risk management, including the accuracy and timeliness of approved internal ratings.




  • Credit Examination Senior Managers will have strong subject matter expertise in credit risk assessment and analysis.

  • They will lead and participate in CQA reviews/engagements, including all elements of planning execution and reporting, within approved budgets and timelines.

  • Assess the appropriateness and effectiveness of credit risk management of obligors in a variety of sectors/ regions and opine on the accuracy and timeliness of internal ratings, as well as, the identification and management of facility risks by the 1st and 2nd line of defence.

  • Maintain constructive relationships with assigned stakeholders and undertake continuous monitoring of assigned credit portfolio(s) and report on the results ensuring a proactive, transparent and impactful approach to the monitoring of credit risk and escalation of issues.

  • Prepare Risk Assessments for Auditable Entities (AE) focusing on the inherent risk and control environment factors which drive the residual risk for each AE.

  • Where required, perform a review and assessment of credit cost and provisioning for underperforming assets.

  • Proactively collaborate with relevant colleagues in EIA and global third line to ensure comprehensive view and communication of emerging risks and associated actions which may be required.

Key responsibilities of the CQA Senior Manager will include:

  • Perform the review, debate and challenge of borrower ratings and facility risk management across a variety of different regions, industries, sectors and obligors.

  • Develop specialist areas of subject matter expertise within specific sectors and products as assigned to them.

  • Maintain good knowledge of relevant regulatory developments related to credit risk management and governance.

  • Deliver CQA Reviews which are insightful, impactful and value adding. Associated deliverables should require minimal rewrite by the CQA Director and Head of Audit.

  • Provide senior management with a continuing, independent and objective opinion on the quality of credit risk assets and effectiveness of related credit risk management activities.

  • On occasion, represent CQA in working groups covering key credit related aspects such as credit risk appetite, credit controls, policies and procedures.

  • Assist the CQA Director and Head of Audit in effective continuous monitoring of the credit risk universe, risk assessments and provide opinion on strategic plans where required using external industry insights and risk trends.

  • Ensure effective communication across all levels of management with internal and external stakeholders within EMEA and other regions.

  • Execute and deliver CQA engagements to the required methodology and Quality Assurance standards.

  • Assist in agreeing Management Action Plans and Issue follow-up with stakeholders.

  • Often act as lead on CQA Reviews and non-‘BAU’ initiatives e.g. a working group.

  • Travel across EMEA may be required.


  • Experience of working in a credit risk function within the Financial Services sector.

  • Good understanding of corporate, structured and transaction banking.


Functional / Technical Competencies:

  • Strong credit risk analysis skills.

  • Knowledge of credit and risk principles, products and management.

  • Strong analytical skills with ability to identify key issues.

  • Strong writing and communication skills.

Education / Qualifications:

  • Higher education or equivalent industry experience.

  • Professionally qualified (ACA, CFA etc) are desirable but not essential.


  • Excellent communication and writing skills.

  • Results driven, with a strong sense of accountability.

  • A proactive, motivated, structured and resilient approach to project management

  • The ability to operate with urgency and prioritise work accordingly; deliver within approved timelines and budgets.

  • Strong decision making skills, the ability to demonstrate sound judgement.

  • Strong problem solving skills.

  • A creative and innovative approach to the analysis of credit risk and presentation of results.

  • Excellent interpersonal skills.

  • Excellent attention to detail and accuracy.

  • Excellent Microsoft Office skills


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 amended 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.


  • 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.

  • 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

  • Client Centric

  • People Focused

  • Listen Up. Speak Up.

  • Innovate & Simplify

  • Own & Execute