MUFG Union Bank Credit Risk & Underwriting, Managing Director - Financial Institutions Group in New York, New York
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
The Credit Risk and Underwriting Manager will lead, develop and monitor credit policies and underwriting guidelines related to this line of business. This role functions as the senior second line of defense subject matter expert for the Financial Institution Group (FIG). The primary objective is improving and supervising the underwriting, approval and credit risk monitoring processes, while effectively challenging Business Line and Product teams, and leading key stake holders to optimize outcomes for MUFG. This role will serve as the key risk contact for Executive Management and FIG banker coverage teams for a defined set of FIG products and credits.
The target customer segments covered include:
Commercial, Investment Banks and Broker Dealers
Traditional and Alternative Asset Managers including Hedge Funds
Pension and Sovereign Funds
Non-bank Financial Institutions including Business Development Companies
Product segments include:
Traditional liquidity lines, loans and letters of credit
Redemption and NAV facilities
Subscription lines of credit
Foreign exchange and derivative lines
Strong management skills to develop a team of up to 30 credit professionals.
Further develop, consolidate and harmonize, credit policies and procedures, rating models, risk appetite and underwriting guidelines for this line of business.
Responsible for independent underwriting and loan approval within delegated authorities.
Responsible for ongoing monitoring and credit reviews of FIG portfolio, including internal and regulatory rating assignments, identification of underwriting weaknesses, and recommending action steps based upon risk appetite.
Assess and resolve de-risking strategies if required.
You will prepare and deliver presentations to senior management during transaction, regular and ad hoc committees, and portfolio and industry reviews.
As required, participate in internal projects that improve credit process efficiency and effectiveness to assist in achieving key strategic objectives.
Work with junior credit officers to provide training and mentoring.
Reports to the Executive Credit Officer & Chief Credit Officer for Wholesale Banking in the Americas with the potential to eventually expand the FIG credit platform and team globally.
Education, Licensure, Years of Experience, Knowledge, Skills & Abilities:
A minimum of 15-20 years of work experience with a major underwriting bank(s) focused on Financial Institutions counterparties and products .
Extensive capital markets perspective, structuring and documentation experience is crucial.
BA degree required, MBA preferred.
Demonstrated ability to lead larger teams; strong communication and presentation skills.
Thorough knowledge of legal, regulatory and compliance issues with regard to this business.
Ability to differentiate Pass and non-Pass credits based on regulatory guidelines is a must.
Comfortable with high-pressured environment, transformation and change.
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 in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
Job: Risk & Compliance
Primary Location: NEW YORK-New York
Schedule Full Time
Req ID: 10028392-WD