Director, Special Credits EMEA in City of Westminster

Special Credits EMEA is responsible for corporate banking and structured finance credit for Corporates, FIs, and Sovereigns. The department is entity agnostic and acts on behalf of MUFG Securities (EMEA) Plc and MUFG Bank EMEA. Its major functions are outlined as follows:

• Management of problematic assets
• Analysing, approving, sanctioning and monitoring the credit quality of corporate credit risks and related risks
• Monitoring, reporting and early action
• Portfolio analysis and management

Our Credit Team is part of a global organisation located in London, New York, Singapore and Tokyo. The London Credit team is responsible for the EMEA region and we work closely with other regions, and MUFG Group entities and subsidiaries within the region, to ensure global consistency in credit management.

Key Responsibilities

• To be responsible for the effective management of a portfolio of distressed and problem assets where MUFG may have exposures across different layers in the capital structure, in different products and in various industries/sectors and jurisdictions across EMEA.
• To optimise the credit costs, and recoveries on problem assets in EMEA on behalf of MUFG.
• To make balanced, timely and thoughtful recommendations and credit decisions on behalf of EMEA and exercise delegated credit authority appropriately.
• To support the strengthening and developing of the risk appetite portfolio monitoring, and early warning frameworks in line with internal policies and senior management and regulatory expectations.
• To maintain a broad network of relevant external stakeholders in the recoveries/workout space in other banks, advisors, law firms etc., to ensure that MUFG remains at the leading edge of market practice/information.
• Provide recommendations on the most appropriate strategy, supported by relevant options analysis, to protect the Bank's exposure.
• Workout/recoveries credit counterpart to front line leadership, coverage bankers and credit managers, and applicable product origination and distribution businesses.
• Actively engage with borrowers, sponsors, financial creditors and other third parties (including financial advisors and external legal counsel) as appropriate, and active involvement in the negotiation of terms and structures in order to manage, workout and restructure the problem assets with the aim to enhance the Bank's position and maximise the recovery of problem loans.
• Assessment, review and negotiation of waivers, lender consent requests and restructuring/amendment legal documentation.
• Undertake directly or oversee VP's work in preparing high quality, concise credit papers and update memos which clearly present the current situation, options analysis and strategy recommendation.
• Presentation of, and timely communications to relevant internal forums and committees and to senior management both in London and Tokyo.
• Liaise with other risk functions within EMEA to support effective risk management of the region's overall credit risk and ensure the early identification of deteriorating situations and distressed assets.
• Responsible for representing Special Credits EMEA at internal forums within the regions and globally.
• Active involvement in strengthening and developing the problem asset framework.
• Maintain and enhance good working relationships with stakeholders across the region and globally to share best practices, provide support and develop effective local policies and procedures.
• Complete other related duties and participate in special projects, forecasting, and reporting, as needed.
• Provide guidance and direction to the junior members of the Special Credits EMEA and assist in their development.
• Act consistently and adhere with the Bank's regulatory and compliance responsibilities and fully comply with relevant policies and procedures especially in relation to problem assets and credit cost planning.

Essential

• Proven experience in financial restructuring/workout/recoveries gained across more than one credit cycle, likely gained in more than one institution.
• Proven experience of being the lead representative of their institution in substantial financial restructuring/workout/recoveries transactions, and in multi-bank/creditor syndicates.
• Experience in the assessment, review and negotiation of legal documentation including but not limited to waivers, lender consent requests and restructuring/amendment documentation.

Skills and Experience

• Extensive relevant product/industry experience with a deep area of credit specialism in restructuring, recoveries, and workout likely to have been gained from more than one institution.
• In-depth knowledge of credit and risk principles, products, legal documentation and insolvency frameworks.
• Outstanding credit assessment and credit risk management skills based on experience of exposure to more than one credit cycle.
• Experience of engagement with key stakeholders on a cross-regional, cross-functional, global basis.
• Experienced coaching and mentoring skills and actively managing and developing talent.

Education / Qualifications

• Essential: Bachelor Degree.
• Preferred: Masters Degree or equivalent, CFA qualification, recognised accountancy qualification, or recognised legal qualification.

Personal Requirements

• Excellent communication skills demonstrating the ability to articulate clear and concise information and messages.
• Results driven, with a strong sense of accountability.
• The ability to manage large workloads and tight deadlines, and to operate with urgency and prioritise work accordingly.
• A calm approach, with the ability to perform well in a pressurised environment.
• Strong decision making skills, the ability to demonstrate sound judgement.
• A structured and logical approach to work with strong problem solving skills and flexibility of thinking.
• Excellent attention to detail and accuracy.
• Ability to build and maintain healthy stakeholder relationships.
• Excellent interpersonal skills.

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