VP, Counterparty Credit Risk Manager

Mitsubishi UFJ Financial Group; Toronto; On-site; CAD 80,000 - 150,000; Full time

Job summary

An established industry player is seeking a VP, Counterparty Credit Risk Manager to oversee credit risk analysis for a diverse portfolio of counterparties. This role emphasizes collaboration and communication with various stakeholders, ensuring thorough credit assessments and compliance with legal documentation. The ideal candidate will possess a strong background in banking and credit risk, with intermediate skills in Microsoft Excel and a solid understanding of financial products. Join a forward-thinking organization that values innovation and offers opportunities for professional growth while making a meaningful impact in the financial sector.

Qualifications

• 5-7 years in Banking with 3 years in Credit Risk or similar role.
• Intermediate expertise in Microsoft Excel, including V-Lookups and Pivot Tables.

Responsibilities

• Manage a portfolio of counterparties and perform credit analysis.
• Document credit assessments and manage the credit application process.

Skills

Credit Risk Analysis

Interpersonal Skills

Microsoft Excel

Communication Skills

Due Diligence

Product Knowledge (repos, securities lending, derivatives)

Education

Bachelor's Degree in Finance or related field

Tools

Microsoft Suite

Job description

Join to apply for the VP, Counterparty Credit Risk Manager role at MUFG.

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.

Position Summary:
Credit Officer role covering counterparties/clients based in the Americas.

Primary Responsibilities:

• Will manage and control a portfolio of counterparties.
• Will perform counterparty credit analysis on a range of counterparty types: banks, broker dealers, clearing houses, insurance companies, REITs, Mortgage originators and servicers, and specialty finance companies.
• As part of the counterparty assessment, will perform due diligence including regular information gathering discussions/meetings with clients as needed. Ability to work closely with MUFG revenue generators and other internal colleagues across functions and affiliates are required skills for this role.
• Will document the counterparty credit assessment including proposed counterparty credit ratings using approved internal rating approaches and will propose credit risk appetite in the form of credit limits.
• Will manage the credit application process to achieve a decision and ensure approved limits are properly recorded in our systems.
• Will work with Legal and the Business to ensure counterparty legal documentation is completed and appropriately reflects required credit terms.
• In addition to covering a portfolio of counterparties, the Credit Officer will support credit-related projects and initiatives and be involved with the RCSA process and control testing for Credit Risk Management.

Qualifications:

• Minimum of 5-7 years of experience in Banking with at least 3 years in a Credit Risk or similar role (either first or second line).
• Technical skills: Intermediate level expertise in the Microsoft Suite of applications with a focus on Excel, V-Lookups, and Pivot Tables is important. PowerPoint skills are welcome.
• Basic Product Knowledge: Knowledge of repos, securities lending, and derivatives products is important.
• Experience writing credit reviews on Mortgage Originators, REITs, servicers, banks, broker dealers, and related FIG counterparty types.
• Interpersonal skills: Ability to communicate and collaborate with colleagues across support functions and interact regularly with Sales/Trading revenue generators and clients.
• Experience performing counterparty credit analysis on a range of FIG related counterparty types.
• Capable of performing due diligence including regular information gathering discussions/meetings with clients as needed, ability to work closely with MUFG revenue generators and other internal colleagues across functions and affiliates are required skills for this role.
• Knowledge of counterparty legal documentation and related credit terms, as applicable is useful.

The job description and related application pertains to an opportunity with either MUFG Bank, Ltd., Canada Branch (“MUFG Bank Canada”) or MUFG Securities (Canada), Ltd. (“MUFG Securities Canada”). The job description relates to the general nature, scope, quantity, and quality of work contemplated for the position. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills, and abilities of the incumbent. The receipt of an application by either MUFG Bank Canada or MUFG Securities Canada, as applicable, does not imply or guarantee employment.

Each of MUFG Bank Canada and MUFG Securities Canada is an equal opportunity employer.

As a federally regulated entity, MUFG Bank Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Canadian Human Rights Act and the Canada Labour Code.