Vice President Credit Manager, Securitisation

Overview of the department/section

MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania. The group has over 150,000 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 vision to be “the world's most trusted financial group”, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's 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.

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

Please visit our website for more information - mufgemea.com

Overview of Credit Office for EMEA (“ECrO”):

ECrO is a 2nd Line of Defence (“2LoD”) function responsible for corporate banking credit for non-Japanese corporates, non-Japanese FIs, and non- Japanese Sovereigns (collectively Global Corporates).

Its major functions are outlined as follows:

Assessment and management of credit risks and related risks

Assessment and management of country risks

Management of problematic assets

Monitoring, reporting and early action

Portfolio analysis and management

Overview of Structured Finance Credit Office (“SFCO”)

SFCO (formally known as Investment Banking Credit Division) is a 2LoD function responsible for analysing, approving, sanctioning and monitoring the credit quality of structured finance transactions, including;

Project Finance

Structured Trade Finance

Aircraft Finance

Asset-backed Finance (inc. Securitisation)

SFCO is a global department, office being located in Tokyo, New York, Los Angeles, Singapore and London. London office (SFCO (EMEA)) is responsible for the EMEA region and we work closely to ensure global consistency in credit approvals.

Number of direct reports

N/A

Main purpose of the role

Reviewing securitisation credit applications received and making balanced, timely and thoughtful credit decisions within the firm’s risk appetite or making recommendations to senior management, depending on the approval authorities, on transaction specific files as well as continuously and actively monitoring the portfolio in line with internal policies and applicable regulatory guidelines.

Responsible for proactive solutions driven engagement with front line on deal specific and/or strategic developments through guidance, direction, feedback and identification of red flags or breaches of internal guidelines and policies.

To support Group Heads to direct the continuous development of CIB Credit for EMEA’s credit risk framework, risk appetite portfolio monitoring and early warning frameworks in line with shareholders, client and regulatory expectations.

To make recommendations to senior management on transaction specific files as well as continuously and actively monitoring the portfolio in line with internal policies and applicable regulatory guidelines.

Key responsibilities

Specifically, VP will be accountable and responsible for taking appropriate action with respect to the Securitisation Credit Team including:

Reviewing credit applications received and making recommendations to senior management on transaction specific files as well as continuously and actively monitoring the portfolio in line with internal policies and applicable regulatory guidelines.  Ensure a high quality of written and verbal work.

Responsible for making balanced, timely and thoughtful credit decisions within the firm’s risk appetite.

Responsible for proactive solutions driven engagement with front line on deal specific and/or strategic developments through guidance, direction, feedback and identification of red flags or breaches of internal guidelines and policies.  Escalating issues to Directors or the team head as appropriate.

Responsible as a VP within CIB Credit for EMEA for supporting strategic initiatives.

Responsible for developing knowledge of the various types of industries, sectors, countries, players and financial and legal structures within Securitisation and commitment to further learning.

Demonstrate the Risk Culture Pillars; taking accountability for identifying and mitigating risk; actively managing risk within the department; remaining curious by taking proactive ownership; role modelling the risk partnership with colleagues in 1LOD and 2LOD; and being willing to challenge existing practice and be proactive and positive to change.

Responsible for representing the credit division at internal forums within the region.

Work experience

Essential:

Substantial (5 years+) experience in a (preferably) credit or structuring role in securitisation transactions

Detailed knowledge and understanding of a range of asset classes inc. auto & consumer credit, RMBS and trade receivables

Sound knowledge of working capital (receivables/asset backed) transactions/other structured products

Sufficient experience working in financial institutions carrying out credit work for corporate and/or structured finance area

Adequate experience in corporate banking and/or structured finance.

Preferred:

Proven experience in investment banking in credit or front office

Credit, rating agency, legal or accounting background

SKILLS AND EXPERIENCEFunctional / Technical Competencies

Essential

Sufficient credit assessment and credit risk management skills

Thorough knowledge of credit, risk management, market and legal aspects of securitisation

Adequate relevant industry experience with a deep area of credit specialism

In depth knowledge of credit and risk principles, products, derivatives and management

Sufficient experience in dealing with regulatory audits associated to credit

Advanced interpersonal skills with ability and experience to communicate to both senior management and junior members of staff.

Coaching and development skills.

Education / Qualifications

Essential

Bachelor Degree

Preferred:

Masters Degree

Personal requirements

Excellent communication skills

Results driven, with a strong sense of accountability

A proactive, motivated approach

The ability to operate with urgency and prioritize work accordingly

Strong decision making skills, the ability to demonstrate sound judge