Corporate jobs in United Kingdom

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EMEA Financial Institutions Credit Risk Management (“FIG Credit”) is a Credit Risk team within 2LoD Risk department. It is responsible for Credit Risk Management inclusive of review and approval for a diverse set of FI counterparties including banks, insurance companies, leveraged and unleveraged funds and sovereigns within the EMEA region. The portfolio spans developed and emerging markets clients and across a range of borrowing, trade finance and trading products as well as non‑recourse structures, securities inventory and country risk. FIG Credit is entity agnostic and responsible for 2LoD Credit Risk Management for MUFG Securities (“MUS”) and MUFG Bank (“MUBK”).

• Support 1LoD by developing risk and counterparty frameworks that promote MUFG's business plan by balancing commercial and risk considerations.
• Ensure that Credit Risk frameworks and appetite are well communicated across MUFG and in line with Chief Credit Office's and Chief Risk Officer's expectations and understandings.
• Credit Risk onboarding of new counterparties and periodic review of existing counterparties inclusive of limit setting and rating assessment.
• Provide Credit Risk approvals of annual reviews and ad-hoc transactions within delegated credit authority.
• Review of Credit Risk terms in legal documentation across loan and trading products.
• Monitor, review and take actions Credit Risk exposure to ensure it remains within appetite and that breaches are acted upon.
• Monitor, review and communicate counterparty, industry and market developments that are relevant to the portfolio.
• Participate in projects to enhance Credit Risk systems and measures or to address audit / self‑identified issues. Actively participate in international projects with stakeholders across APAC, US and Japan.

2-3 direct reports

Reporting to Head of FIG Credit EMEA, the candidate will support in delivering efficient and proactive Credit Risk Management falling within the responsibility of FIG Credit on behalf of the Chief Credit Officer EMEA; Chief Risk Office EMEA and International Chief Risk Officer MUS.

The candidate will be acting as a senior credit approver with material delegated credit authority on an entity agnostic basis across MUS and MUBK and across all counterparty types and products. This will include the ability to make swift decisions on time‑sensitive trading enquiries.

The role will have a specific focus on growth areas for MUFG inclusive of structured financing solutions for financial sponsors, insurance companies and banks/non‑bank lenders inclusive of portfolio financing against private credit loans; listed/unlisted equity margin loans and repo/TRS transactions on less liquid assets. The candidate is expected to drive the development of risk frameworks, risk measures and coordinate rating enhancements relating to these products.

Proactively review, recommend and implement changes to credit risk processes, measurements and procedures in line with developments of the business plan, governance and regulatory expectations.

Support Head of FIG Credit EMEA in developing an organisational structure that supports the business plan and the FIG strategy. Ensure that direct reports are motivated and any experience gaps are addressed and that succession planning is up‑to‑date.

Work for increased collaboration across FIG teams in different regions and with the FI Credit Office in Tokyo.

Support Head of FIG Credit EMEA by acting as deputy for risk committees, interaction with regulators and coverage when Head of FIG Credit EMEA is absent.

Accountable and responsible for taking appropriate action with respect to FIG Credit, including Planning and Strategy Development:

• Support the implementation of strategies for FIG Credit and that these are in line with business objectives, agreed with relevant stakeholders and understood by FIG Credit. Take a broad responsibility for strategies across the portfolio but with a specific focus on higher growth areas such as financial sponsors. This includes contributing to the development and implementation of regional/global credit strategy for the strategic business initiatives and sectors within the overall business strategy.

• Responsible for monitoring, and taking action further to delegated authority in respect of the risk being run across both MUS and MUBK. This includes delegating Credit Authority for MUS and MUBK. A wide use of approval authority across FIG Credit is expected across all products and clients.
• Ensure that Direct Manager and other senior stakeholders in Risk are kept updated on key portfolio and risk developments through timely and effective communication.
• Support the enhancement and development of effective credit risk control for existing and new product frameworks. This is inclusive but not limited to structured financing solutions for financial sponsors, insurance companies and banks/non‑bank lenders inclusive of portfolio financing against private credit loans; listed/unlisted equity margin loans and repo/TRS transactions on less liquid assets.
• Ensure that direct reports understand and act in line with broader risk appetite considerations agreed for FIG Credit. Regulatory Compliance, Affairs and Change.
• Support responses and interaction with regulators as well as internal stakeholders. Act as a delegate for FIG Credit in Head of FIG Credit EMEA absence.
• Promote development to internal systems, procedures and controls.
• You are responsible for ensuring that FIG Credit acts in line with internal risk and compliance requirements, controls and procedures and that any deficiencies are promptly escalated.
• Personally, following all relevant policies and procedures, and ensuring those in your team also follow policy and procedures.

• Build (via recruitment, restructuring and internal development and subject to the FIG Credit's Human Capital Plan) a team of high‑quality professionals that will achieve the objectives of the broader MUFG Group. Ensure that any capability and capacity issues are addressed and escalated.
• Accountable for ensuring that all staff under your remit are fully trained and understand what is required of them in order to do their jobs effectively, including ensuring that job descriptions, objectives/personal development and performance reviews are provided for all staff at least once a year in accordance with HR requirements. Handle appropriately any grievance or disciplinary issues.
• Accountable for ensuring that any responsibilities that you have delegated to other staff, including those in respect of regulatory obligations (where applicable), are appropriately apportioned and controlled. Ensure that the staff in question have a clear understanding of these duties.
• As a senior member of FIG Credit, consider and support the development of the wider team and promote a positive work environment.

Maintain and enhance good working relationships with stakeholders, across the region and globally to share best practices, provide support and develop effective local policies and procedures appropriate to the Company, and working in support of the One MUFG and overall Group strategy.

• +15 years' experience in Credit Risk Management with approval authority and MRT status.
• Long‑standing management experience.
• Experience from presenting and representing Credit Risk at the most senior management level as well as in front of regulators.
• Relevant experience in credit risk with a focus on a wide range of FIG client and products. Specific experience of structured financing solutions is required.
• FIG Credit cover both corporate banking and traded products and good product knowledge covering corporate lending, derivatives and trade finance is required.
• Familiarity with key regulatory frameworks and relevant banking regulation that impact credit risk management.

• Strong analytical skills with experience from new product adoption and structured financing solutions.
• Strong knowledge of corporate finance, capital markets, traded products and credit / market risk principles.
• Close familiarity with credit risk measures including PFE and stress scenarios. Familiarity with Market Risk measures are favoured.
• Experience from opining to legal documentation from a credit perspective across loan; guarantee and traded products (ISDA/CSA/IM/GMRA/GMSLA/CDEA) perspective.
• Experience of leading complex risk projects including regulatory remediation.

• Bachelor Degree or equivalent (Essential)
• Master's Degree and relevant industry accreditation (Beneficial)

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.