Vice President - Credit Portfolio Manager

MUFG

  • London
  • Permanent
  • Full-time
  • 2 months ago
Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. 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.OVERVIEW OF THE DEPARTMENT/SECTIONMitsubishi UFJ Financial Group (“MUFG”) 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, and East Asia. 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 vison to be the world's most trusted, 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, Ltd., 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.Credit Portfolio Management (CPM) is a global function that is responsible for actively managing MUFG Bank’s 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 bank’s 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 REPORTSNoneMAIN 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 Bank’s 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 bank’s portfolio.
KEY RESPONSIBILITIESTo 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 borrower’s credit quality.
  • Carry out a thorough assessment of a borrower’s 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, security…etc.
  • Looking through the valuation of comparable companies to assess a borrower’s 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 EXPERIENCEWORK 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.
SKILLSFunctional / 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.

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