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MUFG Vice President - Credit Risk in Mumbai, India

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.

Position – Vice President

Job Responsibilities:

Responsible for the daily supervision of the Credit Policy, Administration & Regulatory Reporting, and leading initiatives to create local credit policies, workflow and frameworks to ensure they meet regulatory needs and establish and manage a credit monitoring framework


  • Support risk function to improve and supervise the Credit Risk Framework for Indian operations, including developing and implementing policies, interfacing with business areas, Head Office risk appetite and regulators

  • Assist in coordinating approval of specific deals and resolution of related issues. Customer

  • Lead the partnership with key internal stakeholders (GCIB, JCIB, Markets, Legal, Compliance and Finance teams at India level) and external (Regulators, Auditors) stakeholders to deliver a robust Credit Risk function that balances business needs and complies with regulatory and internal credit policy requirements.


  • Responsible for guiding staff for on objective setting & performance management and developing (coaching, career progression & training) the teams aggregating 10 members

Other/Control (functional)

  • Policy, Procedures and Audit

Support the Head of Credit Risk and CRO in the establishment and review of credit related rules, procedures, new projects etc. and ensure that they are in compliance with Head Office rules and local regulations for strong risk governance framework.

Support periodic audits and examinations (internal and external) within the department by reviewing the recommendations and establishing countermeasures as appropriate.

  • Credit Documentation and Credit Control

Support the team to review, enhance and improvise processes for

Monitor covenant checks, due date control, approval conditions etc. done by the team and ensure all checks are carried out in a timely manner.

Monitor preparation of credit documentation by the team and support customization of documents with inputs from Legal.

Monitor document verification, limit registration and safe custody of documents.

Identify risk in the process and resolve such risk to enhance credit documentation and credit control

  • Credit Reporting

Monitor the preparation of regulatory (RBI) reporting for credit related items including ICAAP (Internal Capital Adequacy Assessment) and Stress Testing and ensuring that regulatory stipulations are adhered to.

Collate and review various reports prepared by the team to ensure accuracy prior to submission to Head Office.

  • Risk Control and analysis Monitor development, maintenance and evaluation of portfolios for compliance to bank-wide policies and procedures as well as banking regulations.

  • Risk Evolution

To guide and support the team for development of system- automation for various reports (internal and external)

Maintain good working knowledge of latest industry trends, products, relevant laws and regulations so as to apply them in strengthening the risk framework

Job Requirements:

Skills & Knowledge:

  • Strong knowledge of local regulations (including reporting) relating to Credit and able to provide sound advice to other members of the team as well as being able to formulate changes to the Bank’s current rules and procedures.

  • Good knowledge of Corporate Banking products and services.

  • Good experience in establishing Credit frameworks & control mechanisms and ability to upskill in line with emerging requirements.

  • Extensive knowledge of Credit and related legal documentation under both Indian and English law.

  • Good communication & stakeholder management skills with ability to influence others

  • Strong coaching, mentoring and leadership skills

Education and Professional Qualifications Length and Type of Experience:

Degree qualified.

15 years of relevant experience in Credit Policy & Administration for an international bank with a large presence in India with at least 5 years in a team management role.

We regret to inform that only shortlisted applicants will be notified

MUFG Bank Ltd & MUFG Securities Asia Limited (collectively referred to as “MUFG”) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.

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