CVA - Credit Portfolio Manager - Associate

MUFG Americas; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading global financial group is seeking a candidate to manage day-to-day operations focused on CVA risk management and loan portfolio efficiency. This role requires an understanding of financial markets, experience in corporate or project finance, and strong skills in Excel, with capabilities in Python or VBA preferred. The ideal candidate will be a proactive team player, eager to develop their career in finance and investment portfolio management, contributing to the firm's operational success and client interactions.

Qualifications

• Demonstrate basic understanding of corporate finance lending.
• Experience in credit pricing and regulatory capital.
• Knowledge of trading and risk management strategies.

Responsibilities

• Manage daily operations and reporting for CVA risks.
• Support pricing and execution of hedges for the bank’s loan book.
• Develop tactical solutions to improve BAU operations.

Skills

Understanding of markets and asset pricing

Proficient in MS Excel

Communication skills

Problem-solving skills

Education

Degree educated or equivalent practical experience

Business or Economics degree

Tools

Bloomberg

Python

VBA

Job description

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 150,000 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/SECTION

Mitsubishi 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/optimise the bank’s capital using real‑market information, market research and traditional fundamental credit analysis. In addition, through it’s Public‑isde team, CPM is in charge of pricing, valuing, and managing the Credit Valuation Adjustment of the Bank. This role is on the Public Side desk.

MAIN PURPOSE OF THE ROLE

Day‑to‑day operational responsibility for processes, reporting, and hedging that contributes to the management of CVA risks and GCIB/JCIB loan book exposure hedging.

KEY RESPONSIBILITIES

Provide operational support to pricing and managing CVA and executing CDS hedges mandated for the Bank’s loan book. While the team is public side and located on the trading floor, the role involves interaction with the private side teams in ECPMO as well as risk management and downstream operations teams. Providing timely and accurate Business as Usual (BAU) operations to facilitate the day‑to‑day running of the business.

Accountable and responsible to:

Run BAU operations such as: Daily Vamos data downloading, Position Keeper report, Daily Sovereign CDS reporting, Close of Business blotter, ICE limit exposure reporting, Credit exposure check, over hedge report. Support market assessment, price discovery, hedge strategy development, transaction sizing and pricing. Support trade execution, transaction documentation, reporting and reconciliation processes as well as provide general administrative support. Develop tactical solutions to reporting or analysis needs. Act as liaison with client sales desks on CVA pricing and to support the management on CVA risks. Act as liaison for middle office and back office personnel in relation to transaction activity. Finding more efficient or alternative methods to improve BAU operations to optimise their efficiency. Continuously develop and improve the desk’s ability to increase CVA PnL hedge effectiveness through the use of the CVA PnL explain tools. Provide frequent and effective communication to Head of CVA & Execution regarding assignments in ECPMO. Request prompt feedback for business decisions from Head of CVA & Execution.

WORK EXPERIENCE

Essential:

Must demonstrate basic understanding of one of the following three skill sets:

• Corporate or project finance lending with some experience in corporate credit assessment;
• Credit pricing, statutory and economic return measures in the area of fixed income, regulatory capital;
• Trading and risk management strategies

Preferred:

• Risk management or P&L control prior experience

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• Basic functional understanding of markets, asset pricing and risks as well as CDS as a product
• Proficient user of MS Excel

Preferred:

• Working with Bloomberg and other market information systems
• Python/VBA utilisation

Education / Qualifications:

Essential

• Degree educated or demonstrating equivalent practical experience

Preferred:

• Business or Economics degree
• Numerical skills and computer literacy

PERSONAL REQUIREMENTS

• Team player, with good interpersonal and communication skills
• Eager to learn and keen to progress a career in fixed income management or portfolio management
• Results driven, with a strong sense of accountability and attention to detail
• A proactive, motivated approach coupled with strong problem‑solving skills
• A calm and diligent approach, with the ability to perform well in a pressurized environment
• Excellent communication and interpersonal skills

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.