VP, Credit Policy & Frameworks (6 months FTC)

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 150,000 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.

OVERVIEW OF THE DEPARTMENT/SECTION

Credit Strategy Group in Risk Management Office for EMEA CSG defines and executes the CCrO’s responsibilities for credit portfolio risk management and leads EMEA Credit in implementing a robust operating environment to managing Credit Risk.

EMEA CSG is responsible for:

• Ensuring EMEA Credit aligned to business strategy and supporting business to meet MTBP objectives
• Defining Credit Strategy and Credit Culture in EMEA through Risk Appetite, Policies & Procedures and Governance
• Providing insight into portfolio risks and proposing optimisation strategies to Front Office
• Escalation of emerging risks (e.g. single name, country and sector) and challenging portfolio vulnerabilities
• Defining a robust Risk and Control environment for EMEA Credit.
• Performing robust Quality Assurance file reviews to provide feedback to enhance Credit Sanctioning processes.

NUMBER OF DIRECT REPORTS

0

MAIN PURPOSE & ACCOUNTABILITY OF THE ROLE 

1) Main Purpose and Accountability of the Role

Specifically, you have accountability for the following named departments, this includes:

• Credit Strategy Group EMEA, Credit Risk Policy & Frameworks Team
• Accountable for a) develop robust credit risk management framework for EMEA region, b) maintain and manage EMEA Regional Credit Policy, procedures and tools, c) undertake various projects to enhance credit risk management.

2) Roles, Scope and Reporting Structure

• Authority from, and Reporting to: Head of Credit Risk Policy and Framework

KEY RESPONSIBILITIES

Specifically, you will be accountable and responsible for taking appropriate action with respect to;

• Oversight of EMEA’s credit risk management framework: Contribute to various initiatives to achieve best practice and identify areas to strengthen and improve the credit risk management framework in EMEA to ensure consistency with relevant regulatory standards.
• Responsible for sound governance for credit risk management: Establish and maintain regional credit policies to relevant regulatory standards, including horizon scanning for new regulation. Enforce relevant divisions to follow the policy. Establish necessary procedures related to credit in conjunction with related divisions. Liaise with Head Office as well as the relevant divisions to make sure the policies and procedures are in alignment with the ones in Head Office.
• Responsible for Risk appetite and concentration risk management including enhancement and maintenance of the credit risk appetite with a focus on Country Risk Appetite and Product and Asset Class Risk appetite, Credit Strategy and Credit Culture for EMEA.
• Responsible for Global collaboration: Work in partnership with Risk specialists across the region and globally including Head Office to share best practice, provide support and develop effective risk policies appropriate to the Bank, influencing global best practice as appropriate.
• Oversight of Projects: Contribute to, as appropriate, credit related projects within EMEA as well as bank-wide ones so that the projects can accomplish its objective.
• Responsible for proactively managing the continued integration of Bank and Securities with the One MUFG approach
• Responsible for promoting and supporting  inclusion and diversity across all aspects
• Responsible for the develop of strong relationships with key stakeholders within EMEA, Americas, Asia and Tokyo HQ and support the wider EMEA Network
• Responsible for supporting the CRO/CCrO/Head of CSG/Head of Credit Policy & Framework in the execution of their responsibilities under the Senior Manager’s Regime.
• Responsible for timely remediation of audit points
• Responsible for contributing in the review of New Product Approvals ensuring  compliance with the policy.
• Responsible for maintaining  and enhancing good working relationships with stakeholders, across the region and globally to share best practices, provide support and develop effective local policies and procedures appropriate to the Company, and working in support of the One MUFG and overall Group strategy.

WORK EXPERIENCE

Essential:

• Previous experience of working in the Credit Risk Management
• Understanding of corporate banking and financial products in the market

Preferred:

• Previous experience of working on Policy and Risk Appetite development
• Previous experience of working in the branch of the third country financial institution

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

• Significant experience of credit business and/or credit risk management as a practitioner in a major commercial bank, investment bank, or similar international financial business
• Experience of developing or applying credit policies in a financial services context with the ability to apply practical knowledge and a common-sense approach
• A thorough understanding of financial products and processes
• An excelled level of communication skills both oral and written
• The ability to present ideas and solutions to senior management and colleagues
• Good Microsoft Office skills
• Range of communication skills to be able to adapt to a range of clients, stakeholder and external parties.
• Sound administration skills, ability to multi-task effectively and to work on own initiative with minimum supervision, ability to be proactive, team player, organised and detail-oriented.
• Ability to prioritising without direction.

PERSONAL REQUIREMENTS

• Excellent communication skills
• Results driven, with a strong sense of accountability
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise 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 strategic approach, with the ability to lead and motivate
• The ability to articulate and implement the vision/strategy

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.