Job Information
MUFG Securitization Credit Risk Manager, Vice President in New York, New York
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 120,000 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 world’s most trusted financial group, it’s 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.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.
Securitization Credit Risk Manager, Vice President
Major Responsibilities:
Responsible for the implementation of the credit risk underwriting/management function for Securitized Products, providing recommendations to the credit authority. Incumbent monitors and manages the credit exposure within portfolios and individual transactions, keeping abreast of market trends and developments. May develop and lead strategic initiatives, updates to policies and procedures and may also be responsible for various projects to improve efficiencies. Candidate at this level is fully knowledgeable on the day-to-day activities of the product and process and has good verbal and written communication skills.
Credit recommendations to management:
Evaluate credit proposals and business screening memos and make written credit recommendations to management
Identify structural risks and mitigants in prospective transactions and recommend/enhance structuring of deals and covenants in line with underwriting guidelines
Advise origination team on credit risk issues/terms and conditions to create a best possible deal with a goal of maximizing profit and minimizing credit cost
Directly and independently communicate with other credit divisions to obtain necessary information/comments to support making a credit decision
Provide support to senior credit analysts in the evaluation of and credit recommendation on more complex deals
Active portfolio monitoring of designated customers:
Responsible for the monitoring and ongoing credit review of individual accounts through regular/ad-hoc credit review process
Evaluate credit review applications of the designated portfolio, determine accurate ratings and make recommendations of accurate and timely ratings to management
Conduct due diligence and attend bank/customer meetings as required
Coordinate and communicate critical account information independently and directly to various related parties throughout the bank, business line, product groups and credit divisions
Responsible for market research and producing portfolio presentations for management
Policy Compliance:
Ensure compliance with external regulatory/internal policy and procedural requirements
Participate in ad-hoc policy meetings to enhance organization wide credit risk framework.
Others:
- Perform related duties and participates in special assignments and projects as required.
Qualifications:
In-depth knowledge of all elements of Credit and Risk principles
6 or more years of Securitized Products credit and/or structuring experience, primarily covering Flow or Non-Flow ABS, with knowledge in Trade Receivables, Middle Market Loans or CLO’s a plus
Previous working experience in financial institutions or related sectors, preferably in Credit, Ratings or Risk related function
Strong knowledge in structuring of ABS asset classes, including cash flow analysis.
Knowledge of legal and compliance regulations and accounting rules pertinent to securitized lending
Good time-management and ability to multi-task, team player, strong organizational and writing skills
The typical base pay range for this role is between $150K - $185K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.
MUFG Benefits Summary (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)
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 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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute