Vice President, Credit Risk Manager

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Overview of the Department/Section

EMEA Financial Institution Credit Risk Management (“CRM FIG”) is a credit risk team within the 2LoD Risk department. It is responsible for credit risk management inclusive of the review and approval of banks, insurance companies, funds, and sovereigns within the EMEA region. The team is entity agnostic and covers both MUFG Securities (“MUS”) and MUFG Bank for counterparty credit risk across borrowing and trading activities. Major functions are outlined as follows:

• Assessment and management of credit risks and related risk
• Credit Risk Approval
• Management of problematic assets
• Monitoring, reporting, and early action
• Portfolio analysis and management

Main Purpose of the Role

Assign credit ratings and formulate credit proposals in support of financing solutions, primarily for financial sponsors and inclusive of NAV Financing; Private Equity Portfolio Financing (Secondary NAV); Equity Margin Loans; Subscription Facilities and Hybrid NAV/Subscription Facilities. Set risk appetite for client and product scope above and approve/recommend transactions within Delegated Credit Authority where applicable.

• 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 oversight over own portfolio of clients and take proactive actions when necessary.
• Work closely with the front office to assist business initiatives, new product launches and develop risk culture across 1st and 2nd lines of defense.
• Collaborate across the wider FIG Credit team as well as EMEA Risk Management function and relevant global functions in MUBK and MUS.
• 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 and credit limits for financing solutions, primarily for financial sponsors and inclusive of NAV Financing; Private Equity Portfolio Financing (Secondary NAV); Equity Margin Loans; Subscription Facilities and Hybrid NAV/Subscription Facilities.
• Oversee the annual review of existing limits and counterparties.
• Maintain the EMEA portfolio across MUBK and MUS within areas of responsibility.
• Conduct periodic due diligence meetings with clients.
• Support new product adoption including defining risk acceptance criteria, rating models, and credit risk measurements.
• Provide creative solutions by influencing transaction structures and credit risk-related terms/conditions when required.
• Present transactions to senior management (including the Chief Risk Officer) for discussion and approval.
• Analyse and present complex structures and make recommendations to senior Risk management staff, in a concise and clear manner.
• Opine on credit risk-related terms in trading documentation to mitigate credit risk and ensure transactions perform as expected. This will involve liaison with Legal department, Structuring, and clients or their lawyers.
• Monitor that transactions of the delegated responsibility perform within the terms of the credit approval.
• Assess portfolio level risks.
• Compliance with all regulatory requirements as well as internal policy and procedure.

Work Experience

Strong financial sector experience in a credit risk management role with a focus on funding solutions for financial sponsors.

Skills and Experience

Functional / Technical Competencies:

• Experience from NAV Financing and Private Equity Portfolio Financing (Secondary NAV) is required with additional experience from other fund financing solutions such as subscription lines being preferred.
• Competence in analysing financial sponsor investment strategies with a focus on buy-out, private credit, and infrastructure funds.
• Experience from opining on legal documentation from a credit perspective.
• Familiarity with key regulatory frameworks and relevant banking regulation that impact credit risk management.

Education / Qualifications:

• Essential: Bachelor’s Degree or equivalent with a focus in the areas of finance, economics, or accounting
• Preferred: Master’s Degree and relevant industry accreditation

Personal Requirements

• Excellent communication skills with the ability to convey credit arguments clearly and concisely.
• Results-driven, with a strong sense of accountability.
• The ability to operate with urgency and prioritize work accordingly.
• Strong decision-making skills, the ability to demonstrate sound judgement.
• A structured and logical approach to work.
• Excellent interpersonal skills.
• The ability to manage large workloads and tight deadlines.
• Excellent attention to detail and accuracy.
• A calm approach, with the ability to perform well in a pressurized environment.
• Excellent Microsoft Office skills.