Vice President - Credit Portfolio Manager

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Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG) one of the worlds leading financial groups. Across the globe were 120000 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 worlds most trusted financial group its 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.

OVERVIEW OF THE DEPARTMENT/SECTION

Mitsubishi UFJ Financial Group (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with approximately 350 years of history MUFG is a global network with around 2300 offices in over 50 countries including the Americas Europe the Middle East and Africa Asia and Oceania and East Asia. The group has over 150000 employees offering services including commercial banking trust banking securities credit cards consumer finance asset management and leasing.

As one of the top financial groups globally with a vison to be the worlds most trusted we want to attract nurture and retain the most talented individuals in the market. The size and range of MUFGs global business creates opportunities for our employees to stretch themselves and reap the rewards whilst our common values to behave with integrity and responsibility and to build a culture which is fair transparent and honest underpin everything that we do.

We aim to be the financial partner of choice for our clients whatever their requirements building long-term relationships serving society and fostering shared and sustainable growth for a better world.

MUFGs shares trade on the Tokyo Nagoya and New York (NYSE: MTU) stock exchanges. The groups operating companies include but are not limited to MUFG Bank Ltd. Mitsubishi UFJ Trust and Banking (Japans leading trust bank) Mitsubishi UFJ Securities Holdings (one of Japans largest securities firms) and MUFG Americas Holdings.

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Credit Portfolio Management (CPM) is a global function that is responsible for actively managing MUFG Banks loan portfolio including monitoring the credit quality and efficiency of the loan portfolio developing and executing hedging and loan sales strategies to protect/optimize the banks capital using real-market information market research and traditional fundamental credit analysis. In addition CPM works closely with the business lines to participate in the analysis and evaluation of new business opportunities and provide exposure management solutions when necessary.

NUMBER OF DIRECT REPORTS

None

MAIN PURPOSE OF THE ROLE

• The successful candidate will join the Advisory & Research (A&R) team in its newly established function for managing stressed and distressed credit situations within the first line of defence. The main purpose of this role is overseeing borrowers from initial signs of weakness up to debt repayment either through exposure management or legal workouts in distressed scenarios.
• The A&R team is part of the EMEA Credit Portfolio Management Office (ECPMO) which actively works with its business partners throughout the MUFG group to analyse new business opportunities create and execute risk management solutions using various liquid or illiquid hedging tools such as CDS Credit Insurance Securitizations Loans sales and Risk Participations and perform various analyses of the Banks loan portfolio.
• The role holder is expected to actively participate in broader ECPMO ad hoc projects. These may entail facilitating the execution of new profitable transactions and to participate in the overall risk management process to improve the risk/return characteristics of the banks portfolio.

KEY RESPONSIBILITIES

To work with senior management relationship management divisions credit analysis divisions and risk functions to:

• Monitor markets and borrower news flow and work with colleagues across analytical functions within the first line of defence to enable the early detection of credit concerns.
• Conduct independent in-depth credit analysis on specific borrowers encompassing financial analysis/projections to assess the implications of various drivers on a borrowers credit quality.
• Carry out a thorough assessment of a borrowers capital structure and understand the seniority of debt repayment. This will entail reviewing legal documentation covering areas such as transferability restrictions covenants events of defaults asset protection securityetc.
• Looking through the valuation of comparable companies to assess a borrowers enterprise values and go through a waterfall analysis of the capital structure to assess recoveries for our exposures.
• Thinking strategically about our positioning versus other lenders and understanding strengths weaknesses opportunities and threats.
• Looking at market instruments and using relative value analysis to offer indicative market values of our exposures.
• Assess various exposure management strategies and liaise with various specialist teams covering solutions such as but not limited to loan sales credit insurance and credit default swaps.
• Present to various stakeholders (including senior management and committees) the outcome of their analysis in a clear concise and confident manner.

SKILLS AND EXPERIENCE

WORK EXPERIENCE
Essential:

Must demonstrate command of any two of the following three skill sets and be eager to develop skills for the remaining third:

• Understanding of corporate lending encompassing leveraged finance growth markets stressed and/or distressed credit investing
• Understanding of credit risk pricing gained ideally through fixed income or loan investing including areas such as corporate credit sovereign and varying degrees of seniority and security.
• Understanding of risk mitigation products such as Credit Default Swaps Credit Insurance Loan sales Risk Participations and Securitization. preferably including within a portfolio context;

Preferred:

• Hands on experience in managing stressed and/or distressed credit within a legal or financial advisory environment.
• Understanding of relationship banking and ancillary banking products such as fixed income interest rate swaps FX and cash management.

SKILLS

Functional / Technical Competencies:

Essential:

• Strong communication and presentation skills.
• Strong interpersonal skills in the management of multiple senior stakeholders.
• Solid understanding pf credit analysis credit ratings and credit markets.
• Proficient user of MS Office applications Excel for financial modelling and data analysis along with word and PowerPoint.

Preferred:

• Bloomberg and other market information systems possibly VBA experience.

Education / Qualifications:

Essential:

• Degree educated (Business Economics Law Accounting or relevant technical subject) or demonstrating equivalent practical experience.

Preferred:

• Industry qualification in a credit analysis or debt management related subject (CFA CQF etc.) legal or auditing qualifications and/or completion of formal credit training.

PERSONAL REQUIREMENTS

• Friendly and collaborative personality which values a well established team culture
• Excellent attention to detail and accuracy
• Proactive self-motivated results driven with a strong sense of accountability
• The ability to operate in a fast paced environment and prioritise work accordingly
• Strong numerical and problem solving skills
• A creative and innovative approach to work

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.