MUFG Union Bank Leveraged Finance - VP in New York, New York
Leveraged Finance - VP - 10043565-WD
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 (as ranked by S&P Global, April 2020). In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.
Overall Purpose of Job:
Experienced corporate finance professional, supporting the Sponsor coverage vertical lending business. Critical function of assessing risk factors associated with a credit and determining appropriate rating based on established policies and guidelines. The Director is responsible for underwriting and origination of highly leveraged credit assets and active credit management of a designated portfolio utilizing solid credit and analytical skills. Provide continuous oversight of a designated group of portfolio names monitoring for potential upgrading, downgrading and credit deterioration with the goal of maximizing net income and reducing credit costs.
Directors are responsible for the functions listed below, to the highest degree of proficiency. Senior staff is responsible for the development of junior staff. Directors are tasked to work with minimal supervisory oversight. Portfolio management and credit analysis skills are well developed and require limited direction or supervision in preparing a “finished product.”
Advanced Credit/Underwriting Solutions
Work within deal team environment (with Global Relationship Management (GRM), Sponsor coverage, Syndications & Securities) leading the development and analyses of financing structures/strategies to support/identify LBO, M&A and Corporate re-capitalization opportunities.
Prescreen proposed transactions to identify critical structural issues and risks, balancing institutional policy with business development needs.
Utilize advanced portfolio management techniques to support the deal team in the selection of assets, which will meet performance targets and fit the portfolio balance from a risk and return prospective.
Understand and maintain base industry knowledge of industries represented in portfolio, including technical aspects, regulatory issues and unique credit product activity.
In conjunction with the deal team, present credit solutions to prospective and existing clients.
Lead client/sponsor due diligence meetings.
Negotiate credit terms and documents directly with sponsors.
Responsible for the management of a segment of the sponsor-led leveraged middle market and large cap portfolios.
Perform due diligence and evaluation of assigned loan portfolio on a regularly scheduled and ongoing basis. For assigned accounts, responsible for daily monitoring of company specific, market and economic factors, which may influence the internal, risk rating of borrowers.
Prepare detailed credit analyses and required credit application according to policy including evaluation of loan purpose and structure, repayment sources, corporate, regulatory and industry risk, liquidity, asset protection, historical and projected operating performance and capital structure.
Extensive modeling skills are required for both credit application process and Quarterly Credit Watch presentations.
Responsible for the coordination and communication of account information across various constituencies throughout the organization.
Responsible for knowledge of country/risk factors on a macro level.
Responsible for knowledge of standard bank products including loans, letters of credit, derivatives, foreign exchange, securitization and leasing.
Responsible for industry knowledge and all current events in assigned portfolio utilizing internal and external sources.
For assigned accounts, responsible for oversight of covenant compliance, facility closing due diligence, legal documentation and ongoing monitoring of credit conditions, if any.
Prepare hedging recommendations.
Policy and Deal Advocacy
Coordinate with GRM/Sponsor Coverage and Credit to develop and update Industry underwriting guidelines and risk acceptance criteria as necessary
Shape and influence policy development by participating in committees, project teams, or transaction discussions.
Communicate and negotiate with Credit Divisions (primarily CDA) for transaction approval, including final hold level strategies to ensure alignment of risk strategy and policy.
Evaluate and establish appropriate ratings for transactions and correlate appropriate exposure level with regard to exposure on both a transaction and group level.
Ensure compliance with external regulatory requirements
Ensure compliance with internal policy and procedural requirements) by understanding and adhering to GCIB Operating Procedures, Americas Credit Policies (ACP), Procedures for Credit Ratings and Credit Rules for Overseas Offices.
Special projects as assigned.
A minimum of 10 years of corporate credit experience.
Corporate finance professional with solid credit and analytical background.
Completion of formal credit-training program at a money center bank preferred.
Strong written, verbal and interpersonal skills.
Strong financial modeling skills a must.
Bachelor’s degree or equivalent; MBA preferred
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 : Credit
Primary Location : NEW YORK-New York
Job Posting : May 3, 2021, 3:21:43 PM
Shift: : Day
Schedule: : Full Time
Req ID: 10043565-WD