Credit Portfolio Manager - Insurance Solutions - Director

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 120,000 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.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Credit Portfolio Management (CPM) is a global function that utilizes a market-based approach toward portfolio management from a single-name, industry and portfolio basis with the ultimate goals of supporting business opportunities, improving portfolio returns and protecting MUFG from unforeseen credit loss.

The team’s core functions include:

• Monitoring of the corporate loan portfolio with a focus on Early Warning activities at both the single name and industry level as well as concentration management.
• Developing and executing exposure and capital management strategies (CDS, Insurance, Securitization) to protect/optimize the portfolio, including XVA management.
• Supporting new business origination through relative value analysis, concentration measurement and exposure management strategy.
• Enterprise Valuation analysis to support the credit underwriting process for the Bank’s leveraged loan portfolio.

The candidate will be part of a regional team (Americas) of CPM which actively works with the origination teams to analyze new business opportunities, create and execute risk reduction solutions (using instruments such as CDS, Credit Insurance, Securitizations, Loan sales and Risk Participations) and perform various analyses of the Bank’s loan portfolio.

Main Responsibilities:

• Responsible for leading MUFG’s Credit Insurance (CI) efforts and managing existing portfolio ($2.0bn+) of coverage with a goal of efficient risk mitigation and the growth of profitable new origination.
  • Serve as MUFG’s subject matter expert for CI in the Americas.
  • Manage relationships with CI counterparties including brokers, insurance companies, managing general agencies and law firms.
  • Structure and negotiate CI policy terms to ensure appropriate coverage of the underlying transaction and obtain the most favorable commercial terms for the bank. Ensure compliance with Basel rules governing regulatory capital relief.
  • As appropriate, work with MUFG clients, origination, and legal teams to appropriately structure the underlying transaction to ensure successful syndication to the insurance market.
  • Syndicate/sell various structures/credits (e.g. Corp, PF, SCF, CSTF, Aviation) to the credit insurance market.
  • Manage CI related operations including documentation, booking, invoicing, amendments, RWA relief, counterparty limits and premium payments through oversight & guidance of other team members.
• Serve as primary point of contact for IB businesses focused on exposure management activities. Advise on most efficient tool (CI, CDS, Loan Sales/Participations) and strategy, considering factors such as cost, liquidity, and capital impact.
• Participate in various ad-hoc projects including portfolio analysis and periodic reporting to senior management.

Qualifications:

• Minimum 10 years experience in banking with a focus on origination and distribution roles.
• Minimum 5 years experience structuring, negotiating, and executing credit documentation and Credit Insurance policies.
• Existing relationships with brokers, Insurers and managing general agents preferred.
• Knowledge of Bank capital rules and regulations.
• Experience with traded credit products including Bonds, Loans and CDS preferred, including understanding of pricing dynamics and relative value.
• Familiarity with Wholesale and Investment Banking products as well as structured credit solutions.
• Well-developed credit analysis skills, including financial and capital structure analysis.
• Bachelor’s degree (Finance preferred) with strong analytic and modeling skills with proficiency in MS Excel and PowerPoint.
• Strong communication and partnership skills.

The typical base pay range for this role is between $180k - $225k depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

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 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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.