Credit Officer - FI coverage, Vice President

Mitsubishi UFJ Financial Group•New York, NY

26d•Hybrid

About The Position

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. 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. Position Summary: Credit Officer role covering counterparties/clients based in the Americas.

Requirements

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).
Technical skills: Intermediate level expertise in the Microsoft Suite of applications with a focus on Excel, V-Lookups and Pivot Tables is important. PowerPoint skills are welcome.
Basic Product Knowledge: Knowledge of repos, securities lending and derivatives products is important.
Experience writing credit reviews on Mortgage Originators, REITS, servicers, banks, broker dealers and related FIG counterparty types.
Interpersonal skills: 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.
Capable of performing due diligence including regular information gathering discussions/meetings with clients as needed, ability to work closely with MUFG revenue generators and other internal colleagues across functions and affiliates are required skills for this role.
Knowledge of counterparty legal documentation and related credit terms, as applicable is useful.

Responsibilities

Will manage and control a portfolio of counterparties.
Will perform counterparty credit analysis on a range of counterparty types: banks, broker dealers, clearing houses, insurance companies, REITs, Mortgage originators and servicer and specialty finance companies. As part of the counterparty assessment will perform due diligence including regular information gathering discussions/meetings with clients as needed, ability to work closely with MUFG revenue generators and other internal colleagues across functions and affiliates are required skills for this role.
Will document the counterparty credit assessment including proposed counterparty credit ratings using approved internal rating approaches and will propose credit risk appetite in the form of credit limits.
Will manage the credit application process to achieve a decision and ensure approved limits are properly recorded in our systems.
Will work with Legal and the Business to ensure counterparty legal documentation is completed and appropriately reflects required credit terms.
In addition to covering a portfolio of counterparties the Credit Officer will support credit related projects and initiatives and be involved with the RCSA process and control testing for Credit Risk Management.