FIG Credit Risk Manager VP Emerging Markets

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OVERVIEW OF THE DEPARTMENT/SECTION

Mitsubishi UFJ Financial Group Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history MUFG has a global network with around 3000 offices in more than 50 markets. The Group has over 180000 employees and offers services including commercial banking trust banking securities credit cards consumer finance asset management and leasing.

MUFG aims to be the worlds most trusted financial group through close collaboration among its operating companies and to respond to all of the financial needs of its clients serving society and fostering shared and sustainable growth for a better world.

MUFGs shares trade on the Tokyo Nagoya and New York stock exchanges.

Please visit MUFG website for more information

EMEA Financial Institutions Credit Risk Management (FIG Credit) is a credit risk team within 2LoD Risk department. It is responsible for the credit risk management of banks NBFIs incl. insurance companies funds and sovereigns within the EMEA region. The team is entity agnostic and dual hatted to cover both MUFG Securities (MUS) and MUFG Bank (MUBK) for counterparty credit risk across lending and trading activities.

Broad responsibilities of this EMEA-Emerging Markets focused role are outlined as follows:

• Assessment and management of credit risks and related risks.
• Credit risk recommendation and/or approvals within delegated credit authority.
• Monitoring (incl. Annual Review) reporting and early remedial action.
• Portfolio analysis and management.
• Providing support for various projects including enhancement of risk systems and measures.

NUMBER OF DIRECT REPORTS

None

MAIN PURPOSE OF THE ROLE

• Undertake shared portfolio responsibility for the EMEA Emerging Markets portfolio which spans across Middle East Africa Eastern Europe and Central Asia for both MUS and MUBK.
• Conduct annual credit reviews including ratings assessments.
• Review credit proposals for financial institutions sovereigns and supra-nationals covering all relevant products (inclusive but not limited to repo derivatives lending structured lending and trade finance).
• Set risk appetite for FIG clients and evaluate transactions for approval in accordance with applicable policies procedures and delegated authorities.
• Ensure that risk appetite is clearly understood by 1LoD stakeholders through active dialogue with trading; sales and relationship manager counterparts.
• Monitor and exercise control over own portfolio of clients and take proactive actions when necessary.
• Exercise appropriate oversight of the assigned client irrespective of which legal entity those risks are booked.
• Collaborate across the wider CRM FIG team as well as EMEA Risk Management function and relevant global functions in MUBK and MUS.
• On an ad-hoc basis support the enhancement of monitoring efficiency system developments and risk measure as part of multi-department projects.

KEY RESPONSIBILITIES

• Assessment and recommendation of appropriate rating of FIG clients in a timely manner.
• Maintenance of EMEA portfolio across MUBK and MUS within areas of responsibility.
• Minimization of credit costs.
• Contribution to development and implementation of credit strategy for FIG sector including assessing and setting risk appetite underwriting criteria and limits.
• Management of own workload efficiently while not sacrificing quality.
• Compliance with all regulatory requirements as well as internal policy and procedure.
• Dual Hatted Responsibilities.

WORK EXPERIENCE

Essential: Required Work Experience:

• 7 years experience in Credit Risk Management preferably with approval authority.
• Relevant experience in Credit Risk with a focus on Emerging Market jurisdictions (Eastern Europe; Central Asia; Middle East and Africa) across all types of client types with focus on banks supra-nationals and sovereigns.
• FIG Credit covers both corporate banking and traded products and good product knowledge covering corporate lending derivatives and trade finance is required as well as associated documentation.
• Familiarity with key regulatory frameworks and relevant banking regulation that impact credit risk management.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• Strong analytical skills relating to assessment/review of Emerging Market FI & Sovereign clients as well as associated macro conditions.
• Close familiarity with Credit Risk measures including PFE and stress scenarios.
• Significant experience with negotiating and setting credit terms in trading (ISDA/VM-IM CSA GMRA & GMSLA) and loan documents.
• Excellent Microsoft Office skills.

Preferred

• Knowledge of corporate finance & capital markets.
• Familiarity with Market Risk and Capital measures.

Education / Qualifications:

Essential

• Bachelor Degree or equivalent

Preferred

• Masters Degree and relevant industry accreditation (Beneficial)

PERSONAL REQUIREMENTS

• Excellent communication skills with the ability to convey credit arguments clearly and concisely to senior stakeholders in 2LoD and 1LoD.
• Results driven with a strong sense of accountability and shared ownership of the FIG portfolio.
• The ability to operate with urgency and prioritize work against tight deadlines.
• Strong decision-making skills and a sound judgement.
• A structured and logical approach to work.

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entitys performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

• The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
• The role holder will be required to perform their duties and responsibilities on an entity neutral basis without favour.
• The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
• Working terms are dictated by functional mandates the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
• The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc escalating to their manager where required.

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.