VP, Counterparty Credit Risk Manager

MUFG; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

An established industry player is seeking a VP, Counterparty Credit Risk Manager to oversee a diverse portfolio of counterparties. This pivotal role involves conducting thorough credit analyses, managing credit applications, and collaborating with various teams to ensure robust credit risk management. The ideal candidate will have a strong background in banking and credit risk, with advanced skills in Microsoft Excel and the ability to communicate effectively across functions. Join a dynamic organization that values innovation and offers opportunities for professional growth while making a meaningful impact in the financial sector.

Qualifications

• 5-7 years of banking experience with a focus on credit risk.
• Intermediate expertise in Microsoft applications, especially Excel.

Responsibilities

• Manage a portfolio of counterparties and perform credit analysis.
• Conduct due diligence and document credit assessments.

Skills

Credit Risk Analysis

Communication Skills

Collaboration

Microsoft Excel

V-Lookups

Pivot Tables

Knowledge of Derivatives

Education

Bachelor's Degree in Finance or related field

Tools

Microsoft Suite

Job description

VP, Counterparty Credit Risk Manager

Apply locations Toronto, ON time type Full time posted on Posted 4 Days Ago job requisition id 10069135-WD

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:

1. Manage and control a portfolio of counterparties.
2. 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.
3. Conduct due diligence including regular information gathering discussions/meetings with clients as needed, and work closely with MUFG revenue generators and other internal colleagues across functions and affiliates.
4. Document the counterparty credit assessment including proposed counterparty credit ratings using approved internal rating approaches and propose credit risk appetite in the form of credit limits.
5. Manage the credit application process to achieve a decision and ensure approved limits are properly recorded in our systems.
6. Work with Legal and the Business to ensure counterparty legal documentation is completed and appropriately reflects required credit terms.
7. Support credit-related projects and initiatives and be involved with the RCSA process and control testing for Credit Risk Management.

Qualifications:

1. 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).
2. Intermediate level expertise in the Microsoft Suite of applications with a focus on Excel, V-Lookups, and Pivot Tables. PowerPoint skills are welcome.
3. Knowledge of repos, securities lending, and derivatives products.
4. Experience writing credit reviews on mortgage originators, REITs, servicers, banks, broker dealers, and related FIG counterparty types.
5. Ability to communicate and collaborate with colleagues across support functions and interact regularly with Sales/Trading revenue generators and clients.
6. Experience performing counterparty credit analysis on a range of FIG related counterparty types.
7. Knowledge of counterparty legal documentation and related credit terms 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.