Credit Risk Manager II

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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.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Summary:

Senior Credit Officer in second line of defense is responsible for review, challenge and approvals serving as the primary contact with the Front Office Business and Risk/Underwriting teams. This role focuses on supporting the Structured Solutions businesses covering a range of underlying structured credit risks. This role requires familiarity with counterparty credit risks to support FX and derivatives business for a range of counterparties, including but not limited to Private Equity funds.  The candidate will provide an oversight into the portfolio of clients in these areas. 

Major Responsibilities:

• Structured Solutions coverage: The individual will be responsible for credit exposures arising from structured credit transactions involving a range of asset types, ranging from corporate credit as an underlying (e.g. Middle Market corporate loans) to LP interests in PE funds.  The candidate will work with the Front Office teams structuring and underwriting such transactions, reviewing and challenging their work and will be the first level within the approval function.

  • Structuring and Underwriting: The candidate will work closely with the Business Line in the structuring and underwriting and control of such exposures.  Using your experience with asset-based financing structures and market terms to advise and challenge the Business line.

  • Work with Business Line to identify prospective transactions that are consistent with MUFG risk appetite.  

  • Identify structural risks and mitigants in prospective transactions. Using your knowledge and experience, fulfill a review and challenge role for requests made by the Business line.  

  • Participate in client due diligence calls to form an independent Credit Risk view of managers and transactions they request.

  • Oversight: The candidate will work with the Front Office Risk and Business teams to monitor the portfolio of existing transactions and report/escalate on issues as necessary.

• Counterparty Credit: The individual will work with the Front Office (Sales & Trading and Credit Underwriting) to support the establishment of trading limits for FX and derivatives for a range of Fund and FIG counterparty types.       

  • Work with Business Line to ensure prospective clients, transaction types and documentation terms that are consistent with MUFG risk appetite.  

  • Identify structural risks and mitigants and ensure appropriate documentation terms.

  • Using your knowledge and experience, fulfill a review, challenge and Credit Approval role for requests made by the Business line.   

  • Participate in client due diligence calls to form an independent Credit Risk view of asset managers and counterparties and the transactions they request.

• Staying current on changes and potential changes in the sector and market or regulatory developments is an important element of this role.

Requirements:

• Bachelor’s degree in related field.

• 10+ years of work experience with a structured credit business or Counterparty Credit in either a first (Business or Risk) or second line (Risk) role.  This can be from either the Sell or Buy side.     

• Knowledge of, and experience with, asset-based financing structures and market terms is necessary to be able to advise and challenge the Business lines. Experience in assessing complex financing transactions across a range of collateral types, including structuring, sponsor/manager due diligence / and documentation terms is a strong plus.

• Experience in a Second line Risk function at a financial institution is a plus.

• Strong written and verbal communications skills

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.