Credit Officer - FI coverage, Vice President

MUFG (DBA) • New York, NY

91d • $142,000 - $180,000

About The Position

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.

Requirements

• Minimum of 5-7 years of experience in Banking with at least 3 years in a Credit Risk or similar role.
• Intermediate level expertise in the Microsoft Suite of applications with a focus on Excel, V-Lookups, and Pivot Tables.
• Knowledge of repos, securities lending, and derivatives products.
• Experience writing credit reviews on Mortgage Originators, REITS, servicers, banks, broker dealers, and related FIG counterparty types.
• 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.
• Knowledge of counterparty legal documentation and related credit terms.

Responsibilities

• Manage and control a portfolio of counterparties.
• 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.
• Conduct due diligence including regular information gathering discussions/meetings with clients as needed.
• Document the counterparty credit assessment including proposed counterparty credit ratings using approved internal rating approaches.
• Propose credit risk appetite in the form of credit limits.
• Manage the credit application process to achieve a decision and ensure approved limits are properly recorded in our systems.
• Work with Legal and the Business to ensure counterparty legal documentation is completed and appropriately reflects required credit terms.
• Support credit related projects and initiatives and be involved with the RCSA process and control testing for Credit Risk Management.

Benefits

• Comprehensive health and wellness benefits
• Retirement plans
• Educational assistance and training programs
• Income replacement for qualified employees with disabilities
• Paid maternity and parental bonding leave
• Paid vacation, sick days, and holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities