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Credit Risk Effectiveness and Review, Vice President

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  • Requisition # 10045525-WD
  • Job Type Day
  • Location New York, NEW YORK
  • Other Locations CALIFORNIA-San Francisco, CALIFORNIA-Los Angeles
  • Date Posted 07/29/2021

Your potential. Your opportunity.

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020). In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed, and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to medical and/or religious exemptions, if applicable. Should you be selected for an interview, your recruiter will provide additional information

Job Summary:

Reports to the Head of Credit Administration Resource Management (CARM). Responsible for a range of reviews focused on ensuring Wholesale (non-Consumer/non-Retail) credit policies, procedures, guidelines, and processes are adhered to and appropriate decisions reached. Provides assessments in support of the remediation of regulatory, internal Third Line and management self-identified issues.Provides assessments in support of the remediation of regulatory, internal Third Line and management self-identified issues.  Provides guidance to Front-, Second-, and Third-Line colleagues on questions related or updates to policies, procedures, guidelines, and processes. Scope of work regularly involves multiple overlapping tasks and projects with variable objectives and timelines. Input includes advice on current requirements, opportunities for improving the efficiency and effectiveness of credit risk management and changes that are appropriate in the context of a risk-based outlook on maintaining safety and soundness. Strong skills in obtaining, compiling, evaluating pertinent information, and presenting results are central to the position. Role may be as leader or participant within the range of tasks and projects. Acts in an advisory role to business unit managers, senior lending officers, and senior credit officers/administrators regarding those tasks and projects.

Major Responsibilities:

Sustainability and Effectiveness Reviews: 

  • Reviews of credit application data on an individual and aggregated basis.
  • Reviews are conducted in association with the remediation of OpenPages and other issues.
  • Evaluation focuses on whether policies, procedures, guidelines, or processes were followed properly/timely and whether appropriate decisions were made.
  • Reviews are conducted across various periods of time depending on the requirements for validation of remediation activity and closure.

Post-Approval Review:

  • Monthly and quarterly reviews consistent with the requirements of Post-Approval / Process Reviews, ACS-945 and Post-Approval / Process Review Procedures, ACRP-945-1.
  • In addition to encompassing some elements of sustainability and effectiveness reviews, these reviews include ongoing evaluation of exposures that rapidly deteriorate, ad hoc reviews of topics identified by management, and reviews of exposures with atypical combinations of internal vs. U.S. Regulatory Ratings.
  • Results are discussed with Senior Credit Officers and Executive Credit Administration management.

Policy Guidance:

  • Serve as a Subject Matter Expert on various policies, procedures, guidelines, and processes based on inquiries from Front-, Second-, and Third-Line colleagues. 
  • Provide feedback on appropriate action to be taken based on the specifics of inquiries.
  • Identify and pursue solutions for any instance in which an inquiry suggests modifications to existing policies, procedures, guidelines, and processes should be undertaken.

Qualifications

Qualifications:

  • Bachelor's Degree.  MBA or similar advanced degree preferred.
  • Demonstrated ability to facilitate project team and ad hoc processes across business lines and functions within established timeframes, including development of issues definitions, goals, and solutions, and support recommendations to appropriate forums/committees for approval and subsequent implementation.
  • Ability to analyze aggregated data, evaluate trends, develop solutions to related issues and propose changes as needed relative to findings.
  • Demonstrated ability to interact with and provide effective challenge to colleagues including unit managers, lending officers, credit administrators and all levels of management.
  • Strong written, oral and presentation skills, particularly related to MUFG policy, procedures, and guidelines.
  • Working knowledge of MUFG policies, procedures, guidelines, processes, and related information systems.
  • Proficiency in Microsoft Office suite and other software used in MUFG credit risk management. 

Preferred:

  • Significant lending, credit administration, policy, examination experience.
  • Experience working with the PDRR and LGDRR Scorecards and BR models as a user, reviewer, or examiner. 
  • Ability to critique individual instances of risk rating template use and other credit risk assessment information, particularly as contained in credit transaction proposals.
  • Proficiency in credit/financial statement analysis.
  • Working knowledge of banking regulations and guidance.
  • Working familiarity with credit approval systems including GCARS, RACER and nCino.
  • A solid understanding of business and financial markets and the effects of economic conditions on the Bank’s risk assets.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.

We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

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