Vice President, International Credit Division

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Overview of the Department

The International Credit Division (ICD) function in APAC evaluates and sanctions transaction proposals submitted by the Business and monitors counterparty credit risk. APAC covers all Asia including Australia, New Zealand, Korea, China, Hong Kong and Taiwan. ICD Credit Managers engage with APAC Business colleagues to evaluate business opportunities and credit submissions. Throughout the process ICD supports and advises the Business on due diligence, structuring and documentation requirements to mitigate credit risk. Credit Managers also risk manage and are accountable for their allocated portfolio of names and contribute to portfolio reporting. ICD covers a diverse range of credit and market risk products and counterparties including financial institutions, corporate counterparties, sovereign entities and funds. ICD also contributes and plays a role in the setting of risk appetite and formulation of policy in conjunction with other internal stakeholders.

Main Purpose of the Role

To manage an assigned portfolio of stressed and distressed credits across a broad range of industries and products. Independently assess and prepare recommendations on credit requests for stressed and distressed accounts. Maintain oversight and contribute to the development of risk mitigation strategies of credits that require enhanced monitoring (Watch Names). Responsible for preparing portfolio related reports and Management Information and contribute to the development and update of regional risk initiatives and frameworks. The role requires a close understanding of complex issues in stressed and distressed accounts and ongoing engagement with first and second line counterparts so that effective, proactive actions are being created and timely credit decisions can be made on exposure management strategies. This is an important hire within ICD APAC and the role requires a high calibre individual who can take on a high level of responsibility with minimum supervision. Ability to deliver within tight deadlines is critical.

Key Responsibilities

• Evaluation of credit applications, internal borrower ratings and assumptions used for cashflow forecasts and recovery estimates for Special Assets managed borrowers in APAC. This includes reviewing credit requests and the analysis submitted by the Business and challenging assumptions and recommendations where necessary.
• Keep up to date and develop a deep understanding of unfolding issues including company related developments, updates from advisors and secondary market feedback.
• Clearly articulate and concisely analyse the implications of emerging trends and ongoing developments to relevant stakeholders.
• Partner with first and second line counterparts to develop risk mitigation strategies for early stage stressed names.
• Oversight over Watch Names and partner with ICD staff to formulate account and portfolio actions to mitigate risk.
• Closely work with first and second line counterparts to prepare the annual credit cost plan and monthly progress updates thereafter.
• Support Head of Special Assets ICD in designing and delivering training, analysis of key portfolio trends and any ad hoc risk impact assessment requested by senior stakeholders.
• Contribute to lessons learned case studies so that first line strategy is guided by learnings from stressed and distressed accounts and near misses.
• Accountable for coordinating responses for ICD on Special Assets related queries.
• Support efficiency, process improvements and simplification initiatives.
• Act as a strategic partner and provide independent risk challenge to the first line regional initiatives & frameworks and counterparty deep dives.
• Work collegiately with all stakeholders across divisions, building a network of trusted relationships.
• Support the broader ICD Singapore team when possible, to ensure optimal resource utilization.

Job Requirements

• At least 7 years of financial sector experience with 4-5 years of corporate credit analysis and structuring experience within the banking/Big 4/ advisory consultancy industry.
• Bachelor's degree or higher in Finance, Business, Economics, Accounting, or a related field
• Experience in a credit analyst role preparing credit applications or a credit reviewer role providing recommendations to the approver on credit proposals across a broad range of clients and sectors in APAC.
• Good understanding of managing stressed and distressed counterparties.
• Ability to analyse reasons for credit deterioration, borrower's financial ability and recovery prospects.
• Understanding of country, legal, insolvency and accounting regimes would be a plus.

Personal & Other Requirements:

• Strong written and verbal communication skills.
• Adept at independently sifting through complex issues, articulating key points clearly and making recommendations balancing risk and commercial considerations.
• Thorough knowledge of financial statements/ analysis and cash flow forecasts.
• Ability to organize and prioritise work with minimal supervision and manage individual projects.
• Strong team player focused on team results and success of the Business.
• Proven ability to build and maintain effective working relationships with internal and external stakeholders.
• Understands external market trends and stays informed on developments that may affect individual clients' or portfolio performance.
• Expected to take ownership of their development through proactive, self-initiated learning.
• Resilient individual able to operate under pressure with urgency.
• Demonstrated commitment to professional and ethical standards.

We regret to inform that only shortlisted applicants will be notified.

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.