Vice President, Loans Middle Office Loan Closing

Vice President, Loans Middle Office Loan Closing

Vice President, Loans Middle Office Loan Closing

Apply locations London time type Full time posted on Posted 30+ Days Ago job requisition id 10067864-WD

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.

This role is responsible for overseeing a Loan closing team specifically in the role of Facility Agent, Security Trustee and Lender. Managing the pipeline of loan deals to close and ensuring the staff are reviewing the Loan agreement to closing, with the requirement the deal can be serviced with documented processes and controls.

In their day to day execution of duties to ensure timely completion of department obligations in adherence to head office rules and department procedures. It will be responsible for working autonomously to resolve operational issues as they arise and to achieve a satisfactory conclusion including where necessary the implementation of preventative measure to avoid reoccurrence. As part of the supervisory responsibilities associated with this role, staff are to be trained to a high standard and provided with appropriate tools that allow them to operate to the high standards expected by the bank.

No of Direct Reports: 4-5

Essential Functions:

• Responsible for managing, coaching and steering Facility Onboarding team to ensure completion of accurate and timely closing of the Loan facility deals.
• Responsible for managing pipeline with the business areas for all Loan deal closing deals across EMEA.
• Responsible for detailed facility agreement review to ensure the clauses as Agency, Security Trustee and Lender can be serviced with agreed processes, controls and system support prior to MUFG signing the executed agreement.
• Managing and steering the team to build the deals within Loan IQ, ensuring all data points are captured, for management of the loan after closing.
• Timely and detailed hand over of the Loan deal to the transaction management team and loan operation for servicing.
• Upskilling the team. Creating and maintaining procedure manuals and controls for accurate closure of the deals.
• Responsible for the facilitation of well-structured training and adequate supervision to ensure staff are well informed with the necessary tools and adequate oversight to perform their role well and to the standards expected by the Bank.
• Utilising expert knowledge of Loan Operations and MUFG systems, this role is responsible for guiding staff in the correct systematic capture of the facility to ensure correct registration at financial close, as well as the ongoing event management and servicing of the loan post financial close.
• Responsible for building effective relationships with all stakeholders to facilitate smooth transition from Pre-mandate to financial close and beyond into Loan Servicing.
• Responsible for day to day management of staff, dealing with situations consistently honestly and fairly and where necessary being the first point of contact for both positive and negative matters.
• Support the Front Offices on new product and servicing of the deal.
• Co-ordinate across Operations to ensure the deal is processed in a timely manner.
• Act as escalation for direct team and the wider LMO team.
• Utilising expert knowledge the product and market to manage syndicated Loan facilities portfolio assigned to the successful candidate.
• To verify and validate transactions created by other LMO staff to ensure precise and correct instructions are delivered to the appropriate processing areas for accurate error free execution.
• Oversee the creation, or, give direction and guidance in the creation of control tools necessary to administer client facilities where the Bank’s systems are considered inappropriate.
• Continually review and challenge processes and procedures to maximise efficiency and processes that allow highest possible facility usage with a view to maximising the revenue streams.
• Ensure the creation and flow of information is accurate and timely to enable Management and stakeholders to act appropriately.
• Working with Head of LMO to achieve the short-term, medium-term, and long-term goals of the team.
• Chair monthly service meeting with each FO sector reviewing pipeline, volumes, capacity and prioritisation queues.
• Responsible for working autonomously to resolve operational issues as they arise, and providing, where necessary, the implementation of preventative measures to avoid reoccurrence of incidents.
• Build relationships throughout MUFG to establish a peer network, gather relevant information and help to ensure effective inter-departmental collaboration.
• Operate as product specialist providing subject matter expertise where required.
• Be at all times abreast and up to speed with market developments in relation to the product stream, and be instrumental in Change Management when required.

Education:

• Minimum GCSE (or equivalent) in core academic subjects
• A Level (or equivalent) preferred
• Additional language skills advantageous

Work Experience:

As this is a Vice President / SME position the candidate should possess:

• Considerable experience of working within a Financial Institution Middle Office Control function.
• Considerable operational experience of loan products.
• Knowledge of all Agent roles covering Facility, Security Trustee, Collateral.
• Operational and administrative knowledge of the loan market.
• Experience in reviewing loan agreements.
• Experience of facilitating and chairing Lender, Borrower and Legal counsel calls in the role as Agent.

Functional/Technical Skills and Knowledge requirements:

• Bi-lingual Proficient in up-to-date standard practices relative to the products administered within, Loans markets.
• Proficient in the standard Microsoft Office suite (e.g. Outlook, MS Word, MS Excel).

Behavioural Competencies:

Integrity and Responsibility

• Balance Risk with Opportunity
• Customer Focus
• Demonstrate Global Perspective

Professionalism and Teamwork

• Collaborate and Build Partnerships
• Communicate Effectively and Professionally
• Drive For Results

Challenge Ourselves To Grow

• Lead Change and Seek Continuous Improvement
• Think Strategically
• Influence and Inspire Others
• Manage and Develop Talent

#LI-Hybrid

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.

#J-18808-Ljbffr