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MUFG Union Bank Collateral Analyst - Hybrid in New York, New York

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. Across the globe, we’re 180,000 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.

This is a hybrid position. There are flexible work from home options available. A member of our recruitment team will discuss the options with you in more detail.

Job Summary:

The Collateral Analyst is responsible for providing optimal support to the Commodity and Structured Trade Finance business line in all aspects of transaction / collateral management, administration of credit facilities, and risk analysis. The primary responsibilities include maintaining a portfolio of committed and uncommitted credits by coordinating with relationship managers, portfolio managers, product partners, and operations departments to facilitate the booking of credit facilities and execution of daily financing activities (loans, LCs, payments, receivable purchases, bills of exchange discounting, etc.), and managing related risks through ongoing analysis and monitoring of the bank’s collateral.

Major Responsibilities:

  • Daily interaction with clients, relationship managers, portfolio managers, trade service operations, loan operations, and other internal departments as required.

  • Monitor transactional and related collateral to ensure client positions are within approved limits

  • Review borrowing / LC / payment / receivable purchase requests and coordinate with back/middle office for the execution of transactions. Address a borrower's inquiries.

  • Review term sheet, draft agreements/amendments, credit approval, and write-up. Participate in deal discussions and coordinate with back/middle office for closing a facility.

  • For agency deals, monitoring credit facilities (i.e. credit limit, sub-limits, intra-day activities, etc.). Validate borrower's requests and provide approval. Address lender/borrower's inquiries. Facilitate LC reconciliation process with issuing bank/back office/borrower.

  • Analyze borrowing base prepared/provided by clients (i.e., review supporting detail, verify advance rate calculations, verify mark-to-market pricing for inventory, and ensure that accounts receivable is within approved lender limits.) Observe trends and understand the business cycles. Discuss any discrepancies or deviations with the relationship manager and the team leader of CMG.

  • For secured transactional facilities, review of individual transaction requests (loans and LCs) in conjunction with monitoring of collateral by analyzing and interpreting underlying collateral (inventory/receivables/Bills of Lading, etc.), review of commercial contracts, and verification of underlying commodity prices.

  • Review and analyze position reports and mark-to-market reports. Discuss any discrepancies or deviations with the relationship manager and the team leader of CMG.

  • Assess the Bank’s exposure and provide timely alerts to relevant parties of adverse developments or deterioration in the risk profile.

Qualifications:

  • Undergraduate degree in Finance or related business field or equivalent work experience.

  • 1+ year(s) of work experience within a financial institution with a solid understanding of corporate finance, accounting, trade finance products (e.g. letter of credit, receivable purchase, bill of exchange discounting, etc.), and banking operations.

  • Previous experience with trade finance, commodities lending, and/or commodities collateral management at a commercial bank is desirable.

  • Working knowledge of the systems utilized by the bank is a plus: ACBS, OVS, Trade 360, LoanApp.

  • Team player with intellectual curiosity.

  • Ability to work independently and under pressure.

  • Strong, proactive problem solving, and communication skills.

  • Good analytical skills, flexible, critical thinker, and results-driven.

  • Intermediate computer skills in Microsoft Word/Access/Excel.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.

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