MUFG Union Bank Vice President, Credit Risk Analyst (Hedge Fund) in London, United Kingdom
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Credit Risk Management operates as a fully integrated function within the EMEA region for MUFG Bank and MUFG Securities (EMEA). The Credit Risk Management function evaluates and monitors counterparty and issuer credit risk and is responsible for Credit Review, Credit Portfolio Monitoring and Analysis, Credit Policy and Planning. The Credit Risk Managers evaluate the counterparty's/issuer's ability and willingness to meet its contractual obligations as they become due, assists to structure transactions and/or documentation to minimise credit risk to the firm, manage and review credit risk portfolio.
The team is actively involved in the credit risk analysis of counterparty risk deriving from trading activity on daily basis. This is a crucial hire within the Global Credit Team and the role requires a high calibre individual who can take on a high level of responsibility with minimum supervision and has the capability to progress within the organisation.
The team works closely with the front office to analyse and help structure new business initiatives, deliver innovative financing and hedging solutions and analyse a diverse range of counterparties. This coverage includes financial institutions, corporate counterparties, sovereign entities and funds/hedge funds.
It is expected that this role will provide a platform for the successful candidate to further develop leadership skills and to expand the scope within the credit department.
NUMBER OF DIRECT REPORTS
MAIN PURPOSE OF THE ROLE
To analyse and approve hedge fund counterparty credit risk. Given transaction sizes and/or complexity, many of these transactions will require cooperation, discussion, and approval from senior executives in CRM and other Risk Divisions, including the Market Risk Team, the Risk Analytic Group, and Prudential Regulatory Management Team. Work closely with the front office to assist the business initiatives.
Reviewing transaction material and front office analysis, challenging assumptions and conclusions if necessary. Oversee the annual review of existing limits and counterparties as a senior credit risk manager.
Providing creative solutions: Influencing transaction structures and credit risk related terms/conditions when required.
Leading client due diligence meeting in support of existing and new clients.
Providing a good visibility of the hedge fund portfolio through reporting and presentation to key stakeholders and committees.
Collaborating with Credit Risk Analytic Group to ensure credit risk can be modelled and measured correctly.
Determining counterparty level internal ratings and recommending risk appetite.
Presenting large transactions to senior management (including the Chief Risk Officer) for discussion and approval. Analyse and present complex structures and make recommendations to senior Risk management staff, in a concise and clear manner.
Transactional and other trading documentation: Set credit risk related terms in trading documentation to mitigate credit risk and ensure transactions perform as expected. This will involve close liaison with our Legal department, GCP, and client or their lawyers, as appropriate.
Monitor that transactions of the delegated responsibility perform within the terms of the credit approval. Assess portfolio level risks.
- Financial sector experience in a hedge fund focused role in a risk management department
- Experience of working under delegated authority for approving transactions.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Competence in analysing traded products’ portfolios, including OTC derivatives; Securities Lending/Borrowing and Repo transactions and the associated trade documentation and key credit terms.Preferred:
Sufficient quantative knowledge to determine IA and HC requirements for simpler trade structures.Education / Qualifications:
A graduation and post gradation degree with a focus in the areas of finance, economics or accounting is preferred
Excellent written and verbal communication skills
Sophisticated analysis skills and the ability to implement stable and effective solutions.
Results driven, with a strong sense of accountability
A proactive, motivated approach.
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
Strong problem solving skills
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 under pressure.
Strong numerical 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.