Job Description
Credit Portfolio Management (CPM) is a global function that is responsible for actively managing MUFG Bank’s loan portfolio including monitoring the credit quality and efficiency of the loan portfolio, developing and executing hedging and loan sales strategies to protect/optimize the bank’s capital using real-market information, market research and traditional fundamental credit analysis. In addition, CPM works closely with the business lines to participate in the analysis and evaluation of new business opportunities and provide exposure management solutions when necessary.
NUMBER OF DIRECT REPORTS
None
MAIN PURPOSE OF THE ROLE
The successful candidate will join the Advisory & Research (A & R) team in its newly established function for managing stressed and distressed credit situations within the first line of defence. The main purpose of this role is overseeing borrowers from initial signs of weakness up to debt repayment either through exposure management or legal workouts in distressed scenarios.
The A & R team is part of the EMEA Credit Portfolio Management Office (ECPMO), which actively works with its business partners throughout the MUFG group to analyse new business opportunities, create and execute risk management solutions using various liquid or illiquid hedging tools such as CDS, Credit Insurance, Securitizations, Loans sales and Risk Participations and perform various analyses of the Bank’s loan portfolio.
The role holder is expected to actively participate in broader ECPMO ad hoc projects. These may entail facilitating the execution of new, profitable transactions and to participate in the overall risk management process to improve the risk/return characteristics of the bank’s portfolio.
KEY RESPONSIBILITIES
To work with senior management, relationship management divisions, credit analysis divisions and risk functions to:
Monitor markets and borrower news flow and work with colleagues across analytical functions within the first line of defence to enable the early detection of credit concerns.
Conduct independent in-depth credit analysis on specific borrowers encompassing financial analysis/projections to assess the implications of various drivers on a borrower’s credit quality.
Carry out a thorough assessment of a borrower’s capital structure and understand the seniority of debt repayment. This will entail reviewing legal documentation, covering areas such as transferability restrictions, covenants, events of defaults, asset protection, security…etc.
Looking through the valuation of comparable companies to assess a borrower’s enterprise values and go through a waterfall analysis of the capital structure to assess recoveries for our exposures.
Thinking strategically about our positioning versus other lenders and understanding strengths, weaknesses, opportunities and threats.
Looking at market instruments and using relative value analysis to offer indicative market values of our exposures.
Assess various exposure management strategies and liaise with various specialist teams covering solutions such as but not limited to, loan sales, credit insurance and credit default swaps.
Present to various stakeholders (including senior management and committees) the outcome of their analysis in a clear, concise and confident manner.
SKILLS AND EXPERIENCE
WORK EXPERIENCE
Essential:
Must demonstrate command of any two of the following three skill sets and be eager to develop skills for the remaining third:
Understanding of corporate lending encompassing leveraged finance, growth markets, stressed and/or distressed credit investing,
Understanding of credit risk pricing gained ideally through fixed income or loan investing, including areas such as corporate credit, sovereign and varying degrees of seniority and security.
Understanding of risk mitigation products such as Credit Default Swaps Credit Insurance, Loan sales, Risk Participations and Securitization. preferably including within a portfolio context;
Preferred:
Hands on experience in managing stressed and/or distressed credit within a legal or financial advisory environment.
Understanding of relationship banking and ancillary banking products such as fixed income, interest rate swaps, FX and cash management.
SKILLS
Functional / Technical Competencies:
Essential:
Strong communication and presentation skills.
Strong interpersonal skills in the management of multiple senior stakeholders.
Solid understanding pf credit analysis, credit ratings and credit markets.
Proficient user of MS Office applications, Excel for financial modelling and data analysis along with word and PowerPoint.
Preferred:
‘Bloomberg and other market information systems, possibly VBA experience.
Education / Qualifications:
Essential:
Degree educated (Business, Economics, Law, Accounting or relevant technical subject) or demonstrating equivalent practical experience.
Preferred:
Industry qualification in a credit analysis or debt management related subject (CFA, CQF, etc.), legal or auditing qualifications and/or completion of formal credit training.
PERSONAL REQUIREMENTS
Friendly and collaborative personality which values a well established team culture
Excellent attention to detail and accuracy
Proactive, self-motivated, results driven, with a strong sense of accountability
The ability to operate in a fast paced environment and prioritise work accordingly
Strong numerical and problem solving skills
A creative and innovative approach to work
NUMBER OF DIRECT REPORTS
None
MAIN PURPOSE OF THE ROLE
The successful candidate will join the Advisory & Research (A & R) team in its newly established function for managing stressed and distressed credit situations within the first line of defence. The main purpose of this role is overseeing borrowers from initial signs of weakness up to debt repayment either through exposure management or legal workouts in distressed scenarios.
The A & R team is part of the EMEA Credit Portfolio Management Office (ECPMO), which actively works with its business partners throughout the MUFG group to analyse new business opportunities, create and execute risk management solutions using various liquid or illiquid hedging tools such as CDS, Credit Insurance, Securitizations, Loans sales and Risk Participations and perform various analyses of the Bank’s loan portfolio.
The role holder is expected to actively participate in broader ECPMO ad hoc projects. These may entail facilitating the execution of new, profitable transactions and to participate in the overall risk management process to improve the risk/return characteristics of the bank’s portfolio.
KEY RESPONSIBILITIES
To work with senior management, relationship management divisions, credit analysis divisions and risk functions to:
Monitor markets and borrower news flow and work with colleagues across analytical functions within the first line of defence to enable the early detection of credit concerns.
Conduct independent in-depth credit analysis on specific borrowers encompassing financial analysis/projections to assess the implications of various drivers on a borrower’s credit quality.
Carry out a thorough assessment of a borrower’s capital structure and understand the seniority of debt repayment. This will entail reviewing legal documentation, covering areas such as transferability restrictions, covenants, events of defaults, asset protection, security…etc.
Looking through the valuation of comparable companies to assess a borrower’s enterprise values and go through a waterfall analysis of the capital structure to assess recoveries for our exposures.
Thinking strategically about our positioning versus other lenders and understanding strengths, weaknesses, opportunities and threats.
Looking at market instruments and using relative value analysis to offer indicative market values of our exposures.
Assess various exposure management strategies and liaise with various specialist teams covering solutions such as but not limited to, loan sales, credit insurance and credit default swaps.
Present to various stakeholders (including senior management and committees) the outcome of their analysis in a clear, concise and confident manner.
SKILLS AND EXPERIENCE
WORK EXPERIENCE
Essential:
Must demonstrate command of any two of the following three skill sets and be eager to develop skills for the remaining third:
Understanding of corporate lending encompassing leveraged finance, growth markets, stressed and/or distressed credit investing,
Understanding of credit risk pricing gained ideally through fixed income or loan investing, including areas such as corporate credit, sovereign and varying degrees of seniority and security.
Understanding of risk mitigation products such as Credit Default Swaps Credit Insurance, Loan sales, Risk Participations and Securitization. preferably including within a portfolio context;
Preferred:
Hands on experience in managing stressed and/or distressed credit within a legal or financial advisory environment.
Understanding of relationship banking and ancillary banking products such as fixed income, interest rate swaps, FX and cash management.
SKILLS
Functional / Technical Competencies:
Essential:
Strong communication and presentation skills.
Strong interpersonal skills in the management of multiple senior stakeholders.
Solid understanding pf credit analysis, credit ratings and credit markets.
Proficient user of MS Office applications, Excel for financial modelling and data analysis along with word and PowerPoint.
Preferred:
‘Bloomberg and other market information systems, possibly VBA experience.
Education / Qualifications:
Essential:
Degree educated (Business, Economics, Law, Accounting or relevant technical subject) or demonstrating equivalent practical experience.
Preferred:
Industry qualification in a credit analysis or debt management related subject (CFA, CQF, etc.), legal or auditing qualifications and/or completion of formal credit training.
PERSONAL REQUIREMENTS
Friendly and collaborative personality which values a well established team culture
Excellent attention to detail and accuracy
Proactive, self-motivated, results driven, with a strong sense of accountability
The ability to operate in a fast paced environment and prioritise work accordingly
Strong numerical and problem solving skills
A creative and innovative approach to work
💡 Quick Summary
Seeking a career-building opportunity? The Vice President - Credit Portfolio Manager position is now open for candidates interested in the Bank Jobs sector. This role in London offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.