Credit Portfolio Management (CPM) - Associate

Mitsubishi UFJ Financial Group•New York, NY

3d•Hybrid

About The Position

Credit Portfolio Management (CPM) is a global function that utilizes a market-based approach toward portfolio management from a single-name, industry and portfolio basis with the ultimate goals of supporting business opportunities, improving portfolio returns and protecting MUFG from unforeseen credit loss. The team’s core functions include: Monitoring of the corporate loan portfolio with a focus on Early Warning activities at both the single name and industry level as well as concentration management. Developing and executing exposure and capital management strategies (CDS, Insurance, Securitization) to protect/optimize the portfolio, including XVA management. Supporting new business origination through relative value analysis, concentration measurement and exposure management strategy. Enterprise Valuation analysis to support the credit underwriting process for the Bank’s leveraged loan portfolio. The candidate will be part of a regional team (Americas) of CPM which actively works with the origination teams to analyze new business opportunities, create and execute risk reduction solutions (using instruments such as CDS, Credit Insurance, Securitizations, Loan sales and Risk Participations) and perform various analyses of the Bank’s loan portfolio. In addition, the candidate will play an integral role in the team’s Early Warning activities and help support the Enterprise Valuation team.

Requirements

Minimum 3 years experience in banking or related field with a focus on credit markets and strong credit analysis skills.
Experience with traded credit products including Bonds, Loans and CDS preferred, including understanding of pricing dynamics and relative value.
Experience with valuation methods such as DCF, comparable company, and precedent transactions.
Familiarity with Wholesale and Investment Banking products.
Knowledge of related regulatory frameworks a plus.
Bachelor’s degree (Finance preferred) with strong analytic and modeling skills with a proficiency in MS Excel and PowerPoint.
Experience with Bloomberg a plus.
Strong communication and partnership skills.

Responsibilities

Monitor the credit quality and trends of the corporate loan portfolio by following and interpreting publicly available information such as secondary market prices (CDS, Bond, Loan and Equity), industry data, material news releases, company filings and market research.
Assume responsibility for coverage of one or more sectors, including industry and single name credit analysis.
Develop in depth knowledge of macro factors that impact industry performance.
As appropriate, build and maintain quarterly financial projection models; perform comparable company analysis; valuation and recovery analysis; capital structure analysis; and loan credit agreement & bond indenture review.
Identify exposures in the portfolio at risk for credit deterioration and downgrade.
Evaluate and recommend potential exposure management actions.
Contribute to market overview and early warning analyses, incorporating views on economic, monetary and industry factors, to be presented in various risk forums and committees.
Perform relative value analysis of new lending opportunities through comparison of modeled cash flows against appropriate, market derived, risk adjusted pricing benchmarks.
Participate in deal screening committee meetings.
Work with the Enterprise Valuation team to become proficient at EV methodologies and support that team as needed.
Work with Relationship Managers to structure, process and approve exposure management requests including hedges and loan sales.
Perform risk return analysis at business line or portfolio level.
Further develop analytical methodologies.