Associate/Assistant Vice President - Credit Underwriting and Portfolio Management – Financial Institutions Group (FIG)

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Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

Job Summary:

This is an 18 months long contract.

We're seeking a Credit Risk Associate who will be part of our growing Portfolio Management Group. You will conduct credit analysis and recommendation for financial institution credits across the spectrum of FIG portfolio:

• Banks / Business Development Companies / Asset Managers / Insurance companies (Life & Health insurance and Property & Casualty companies)
• Structured financial solutions
• Asset based lending including Fund and NAV lending

You will prepare and evaluate credit proposals and make recommendations to management on credit approval. You’ll be also monitoring the client financial, industry and credit trends regularly.

 

Responsibilities:

• Perform due diligence on new transactions as well as regularly scheduled evaluation of the existing loan portfolio.
• Coordinate and communicate account information across various constituencies throughout the organization.
• Responsible for knowledge of particular industries and all current events in assigned portfolio utilizing internal and external sources.
• Oversee covenants compliance database and facility closing due diligence, including documentation.
• Attend client meetings.
• Participate in special projects as assigned.

Advanced Credit/Underwriting Solutions:

• Work within a deal team environment (with Global Relationship Managers, Credit Administration, Sponsor Coverage, and Capital Markets) to support the development and analysis of financing structures/strategies.
• Prescreen proposed transactions to identify critical structural issues and risks, balancing institutional policy with business development needs.
• Support credit analysis for structured credit transactions (derivatives transactions, receivable securitizations).
• Understand and maintain knowledge of industries represented in portfolio, including technical aspects and regulatory issues.
• Conduct site visits and participate in client and bank meetings.

Policy and Deal Advocacy:

• Support the communication with the credit approval division including final hold level strategies to ensure alignment of risk strategy and policy.
• Evaluate and establish appropriate ratings for transactions and correlate appropriate exposure level with regard to exposure on both a transaction and group level.
• Ensure compliance with policy and regulatory requirements.

Skills and Experience:

Ideally you would have:

• Bachelor’s degree in Finance, Accounting, Business or Economics (CFA or MBA is a plus).
• 3+ years experience within a financial institution (analyzing corporate clients' risk and credit profiles), accounting firm or rating agency.
• Experience in Financial Institutions credit analysis and financial markets
• Knowledge of credit and risk principles and legal and compliance regulations pertinent to lending.
• Strong financial spreading/modeling and analytical skills.
• Experience in analyzing corporate credit and financing transactions.
• Completed a formal credit-training program at a money center bank (preferred)
• Strong written, verbal and interpersonal skills.
• Proficiency in Microsoft Office (Word, Excel, PowerPoint).

The job description and related application pertains to an opportunity with either MUFG Bank, Ltd., Canada Branch (“MUFG Bank Canada”) or MUFG Securities (Canada), Ltd. (“MUFG Securities Canada”). The job description relates to the general nature, scope, quantity and quality of work contemplated for the position. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills and abilities of the incumbent. The receipt of an application by either MUFG Bank Canada or MUFG Securities Canada, as applicable, does not imply or guarantee employment.

Each of MUFG Bank Canada and MUFG Securities Canada is an equal opportunity employer.

• As a federally regulated entity, MUFG Bank Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Canadian Human Rights Act and the Canada Labour Code. Where MUFG Bank Canada obtains information relating to protected grounds under the Canadian Human Rights Act as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Bank Canada does not use such information for decision making purposes relating to the position contemplated in this application.

 

• As a provincially regulated entity, MUFG Securities Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Human Rights Code (Ontario) and the Employment Standards Act (Ontario). Where MUFG Securities Canada obtains information relating to protected grounds under the Human Rights Code (Ontario) as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Securities Canada does not use such information for decision making purposes relating to the position contemplated in this application.