FIG Credit Risk Manager - VP - Emerging Markets

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EMEA Financial Institutions Credit Risk Management (“FIG Credit”) is a credit risk team within the 2LoD Risk department. It is responsible for the credit risk management of banks, NBFI’s incl. insurance companies, funds and sovereigns within the EMEA region. The team is entity agnostic and dual hatted to cover both MUFG Securities (“MUS”) and MUFG Bank (MUBK) for counterparty credit risk across lending and trading activities.

Broad responsibilities of this EMEA‑Emerging Markets focused role are outlined as follows:

• Assessment and management of credit risks and related risks.
• Credit risk recommendation and/or approvals within delegated credit authority.
• Monitoring (incl. Annual Review), reporting and early remedial action.
• Portfolio analysis and management.
• Providing support for various projects including enhancement of risk systems and measures.

MAIN PURPOSE OF THE ROLE

Undertake shared portfolio responsibility for the EMEA Emerging Markets portfolio which spans across Middle East, Africa, Eastern Europe and Central Asia for both MUS and MUBK. Conduct annual credit reviews including ratings assessments. Review credit proposals for financial institutions, sovereigns and supra‑nationals covering all relevant products (inclusive but not limited to repo, derivatives, lending, structured lending and trade finance). Set risk appetite for FIG clients and 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 control over own portfolio of clients and take proactive actions when necessary. Exercise appropriate oversight of the assigned client, irrespective of which legal entity those risks are booked. Collaborate across the wider CRM FIG 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 measure as part of multi‑department projects.

KEY RESPONSIBILITIES

• Assessment and recommendation of appropriate rating of FIG clients in a timely manner.
• Maintenance of EMEA portfolio across MUBK and MUS within areas of responsibility.
• Minimization of credit costs.
• Contribution to development and implementation of credit strategy for FIG sector including assessing and setting risk appetite, underwriting criteria and limits.
• Management of own workload efficiently while not sacrificing quality.
• Compliance with all regulatory requirements as well as internal policy and procedure.
• Dual Hatted Responsibilities.

WORK EXPERIENCE

Essential: Required Work Experience: +7 years’ experience in Credit Risk Management preferably with approval authority. Relevant experience in Credit Risk with a focus on Emerging Market jurisdictions (Eastern Europe; Central Asia; Middle East and Africa) across all types of client types with focus on banks, supra‑nationals and sovereigns. FIG Credit covers both corporate banking and traded products and good product knowledge covering corporate lending, derivatives and trade finance is required as well as associated documentation. Familiarity with key regulatory frameworks and relevant banking regulation that impact credit risk management.

SKILLS AND EXPERIENCE

Functional / Technical Competencies: Essential Strong analytical skills relating to assessment/review of Emerging Market FI & Sovereign clients as well as associated macro conditions. Close familiarity with Credit Risk measures including PFE and stress scenarios. Significant experience with negotiating and setting credit terms in trading (ISDA/VM-IM CSA, GMRA & GMSLA) and loan documents. Excellent Microsoft Office skills.

Preferred Knowledge of corporate finance & capital markets. Familiarity with Market Risk and Capital measures.

Education / Qualifications Essential Bachelor Degree or equivalent Preferred Master’s Degree and relevant industry accreditation (Beneficial)

PERSONAL REQUIREMENTS

Excellent communication skills with the ability to convey credit arguments clearly and concisely to senior stakeholders in 2LoD and 1LoD. Results driven, with a strong sense of accountability and shared ownership of the FIG portfolio. The ability to operate with urgency and prioritize work against tight deadlines. Strong decision‑making skills and a sound judgement. A structured and logical approach to work.

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant. As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc. The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour. The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS. Working terms are dictated by functional mandates, the terms of the Dual‑Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc. The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

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. At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client‑obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!