Director, Securitisation Credit Manager

at  MUFG United Kingdom BTMU

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.

WORK EXPERIENCE

Essential:

• Substantial (5 years+) experience in a (preferably) credit or structuring role in securitisation transactions
• Detailed knowledge and understanding of a range of asset classes inc. auto & consumer credit, RMBS and trade receivables
• Sound knowledge of working capital (receivables/asset backed) transactions/other structured products
• Sufficient experience working in financial institutions carrying out credit work for corporate and/or structured finance area
• Adequate experience in corporate banking and/or structured finance.
• Preferred:
• Proven experience in investment banking in credit or front office
• Credit, rating agency, legal or accounting background

EDUCATION / QUALIFICATIONS:

Essential

• Bachelor Degree

Preferred:

• Masters Degree

PERSONAL REQUIREMENTS

• Excellent communication skills
• Results driven, with a strong sense of accountability
• A proactive, motivated approach
• 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
• Strong problem solving skills
• A creative and innovative 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 pressured environment
• Strong numerical skills
• Excellent Microsoft Office skills
• A confident approach, with the ability to provide clear direction to your team
• The ability to lead a high performing team
• A strategic approach, with the ability to lead and motivate your team
• The ability to articulate and implement the vision/strategy for CIB Credit for EMEA
  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

MAIN PURPOSE OF THE ROLE

• Reviewing securitisation credit applications received and making balanced, timely and thoughtful credit decisions within the firm’s risk appetite or making recommendations to senior management, depending on the approval authorities, on transaction specific files as well as continuously and actively monitoring the portfolio in line with internal policies and applicable regulatory guidelines.
• Responsible for proactive solutions driven engagement with front line on deal specific and/or strategic developments through guidance, direction, feedback and identification of red flags or breaches of internal guidelines and policies.
• To support Group Heads to direct the continuous development of CIB Credit for EMEA’s credit risk framework, risk appetite portfolio monitoring and early warning frameworks in line with shareholders, client and regulatory expectations.
• To exercise delegated credit approval authority and/or make recommendations to senior management on transaction specific files as well as continuously and actively monitoring the portfolio in line with internal policies and applicable regulatory guidelines.

KEY RESPONSIBILITIES

• Support Group Heads on the following;
• Senior credit counterpart to the 1st Line of Defense (“1LoD”) sector/vertical heads, relationship managers and applicable product offices, including divisional heads/General Managers where necessary.
• Review and analyse credit applications for securitisation and receivables/asset-backed transactions and use approval authority and/or make recommendations to senior management on transaction specific files
• Provide timely and succinct advice or briefings (in verbal or written form) to senior London and Tokyo management, including Chief Credit Officer for EMEA, Regional Executive for EMEA (“REE”) and Executive in Charge of Credit (“ECC”).
• Proactive solutions driven engagement with front line on deal specific and/or strategic developments through expert guidance, direction, feedback and identification of red flags or breaches of internal guidelines and policies.
• Responsible to take lead in strategic discussion by managing interests of stakeholders including senior management both in 1LOD and 2LOD across regions, and to guide discussions to consensus with balance between business aspiration and risk appetite.
• As senior leader within CIB Credit for EMEA, contribute to the development of divisional credit strategy for respective products, sectors, countries/regions including assessing and setting risk appetite, underwriting criteria and limits.
• Exercise credit approval authority by balancing risk with opportunity. To challenge credit recommendations and proposed deals to ensure appropriate balance between return and use of capital funds.
• To drive consistent application of the credit policy within the division, ensuring a relevant and rigorous approach to the management of credit risk; critical challenge of credit recommendations and proposed deals to ensure a balanced risk/return approach and appropriate use of capital.
• Supervise the front office to follow the Bank’s credit policies, procedures and other rules.
• To monitor and oversee a portfolio of credit accounts within areas of responsibility
• Give advice and direction to credit managers to ensure high quality credit analysis, including report writing and decision making. Encourage them to improve knowledge of the various types of industries, sectors, countries, players and also the financial and legal structures within structured finance credit.
• Represent CIB Credit for EMEA at internal forums, to share opinions and influence decisions that impact their areas of specialism.
• Maintain, develop and share knowledge base of developments in the securitisation market including the impact of legal and regulatory changes, tracking asset class/jurisdictional performance/changes in rating agency methodology.
• To comply with all regulatory and compliance procedures.
• Responsible for meeting internal policy requirements.

SFCO (formally known as Investment Banking Credit Division) is a 2LoD function responsible for analysing, approving, sanctioning and monitoring the credit quality of structured finance transactions, including;

• Project Finance
• Structured Trade Finance
• Aircraft Finance
• Asset-backed Finance (inc. Securitisation