Vice President, Credit Risk Analyst (Hedge Funds)

Vice President, Credit Risk Analyst (Hedge Funds)

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EMEA CRM and FI Credit Risk Management (“CRM FIG”) is a credit risk team within 2LoD Risk department. It is responsible for credit risk management inclusive of review and approval of banks, insurance companies, funds and sovereigns within the EMEA region. The team is entity agnostic and covers both MUFG Securities (“MUS”) and MUFG Bank for counterparty credit risk across borrowing and trading activities. Major functions are outlined as follows:

• Assessment and management of credit risks and related risks.
• Credit risk approvals.
• Management of problematic assets.
• Monitoring, reporting and early action.
• Portfolio analysis and management.

MAIN PURPOSE OF THE ROLE

• Assign credit ratings and formulate credit proposals for NBFI clients (hedge funds and regulated funds) within FIG Credit’s portfolio responsibility.
• Set risk appetite for NBFI clients and approve transactions within Delegated Credit Authority where applicable. Evaluate transactions for approval in accordance with applicable policies, procedures and delegated authorities. Ensure that risk appetite is clearly understood by 1LoD stakeholders through active dialogue with trading, sales, and relationship manager counterparts.
• Monitor and exercise oversight over own portfolio of clients and take proactive actions when necessary.
• Work closely with the front office to assist business initiatives and develop risk culture across 1st and 2nd line of defense.
• Collaborate across the wider FIG Credit team as well as EMEA Risk Management function and relevant global functions in MUBK and MUS.
• On an ad-hoc basis, support the enhancement of monitoring efficiency, system developments and risk measures as part of multi-department projects.

KEY RESPONSIBILITIES

• Assessment and recommendation of appropriate rating and credit limits for Hedge Funds/regulated funds counterparties. Oversee the annual review of existing limits and counterparties.
• Maintenance of EMEA portfolio across MUBK and MUS within areas of responsibility.
• Run periodic and at least annual counterparty due diligence calls with Hedge Fund clients.
• Collaborate with the Risk Analytics Group to ensure credit risk can be modelled and measured correctly. This includes assessment of HC and IA requirements where counterparty credit quality is considered.
• Provide creative solutions: Influencing transaction structures and credit risk related terms/conditions when required.
• Present transactions to senior management (including the Chief Risk Officer) for discussion and approval. Analyse and present complex structures and make recommendations to senior Risk management staff, in a concise and clear manner.
• Transactional and other trading documentation: Set credit risk related terms in trading documentation to mitigate credit risk and ensure transactions perform as expected. This will involve close liaison with our Legal department, and clients or their lawyers, as appropriate.
• Monitor that transactions of the delegated responsibility perform within the terms of the credit approval. Assess portfolio level risks. This includes enhanced monitoring framework in place for Hedge Funds.
• Compliance with all regulatory requirements as well as internal policy and procedure.

WORK EXPERIENCE:

• Extensive and solid financial sector experience in a hedge fund focused role in a risk management department. Additional experience in EMEA regulated funds (pension funds, investment funds) is preferred.
• Competence in analysing traded products’ portfolios, including OTC derivatives; Securities Lending/Borrowing and Repo transactions.
• Experience from opining to legal documentation (ISDA/CSA/IM/GMRA/GMSLA/CDEA) from a credit perspective.
• Familiarity with key regulatory frameworks and relevant banking regulation that impact credit risk management.

SKILLS AND EXPERIENCE:

Essential:

• Strong analytical skills on how to assess Hedge Funds and regulated funds credit profiles.
• Strong knowledge of traded products (derivatives, securities financing) and credit/market risk principles.
• Understanding of how to assign probability of default credit ratings and LGD’s.
• Working knowledge of legal documentation and key credit clauses.

Education / Qualifications:

Essential:

• Bachelor Degree or equivalent.

Preferred:

• Master’s Degree and relevant industry accreditation.

PERSONAL REQUIREMENTS

• Excellent communication skills with the ability to convey credit arguments clearly and concisely.
• Results driven, with a strong sense of accountability.
• The ability to operate with urgency and prioritize work accordingly.
• Strong decision-making skills, the ability to demonstrate sound judgement.
• A structured and logical approach to work.
• Excellent interpersonal skills.
• The ability to manage large workloads and tight deadlines.
• Excellent attention to detail and accuracy.
• A calm approach, with the ability to perform well in a pressurised environment.
• Excellent Microsoft Office skills.

We are open to considering flexible working requests in line with organisational requirements.

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.

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