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    Asset Based Lending Credit Officer, Vice President - New York, United States - MUFG Americas

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    Credit Officer, Asset Based Lending, Vice President - Hybrid (NY) page is loaded

    Credit Officer, Asset Based Lending, Vice President - Hybrid (NY)

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    locations

    New York, NY

    time type

    Full time

    posted on

    Posted 10 Days Ago

    job requisition id


    WD
    Do you want your voice heard and your actions to count?
    Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we're 160,000 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.

    Job Summary:


    The Credit Risk Manager position reports to the head of ABL and Sponsor transactions for Credit Division of the Americas.

    This is a critical role in supporting the Asset Based Lending ("ABL") franchise as they grow and expand into higher risk and distressed lending.

    The individual will be responsible for the 2nd line of defense for a portfolio of ABL transactions and other leveraged loans, including distressed and DIP financings.

    This includes providing credit recommendations on new transactions and managing a complex portfolio.

    They will work closely with senior members of the business line and provide structuring and legal documentation input on transactions.

    They will evaluate and recommend transactions and monitor the credit exposure in the portfolio and develop exposure management programs when appropriate.


    Major Responsibilities:
    (1) Active portfolio management of designated customers
    Responsible for credit exposure to a portfolio of primarily ABL borrowers
    Identify the potential credit deterioration of individual companies in the portfolio and maintain timely and accurate risk ratings
    Staying current on changes and potential changes in the sector and regulatory developments is an important part of your job

    Coordinate and communicate critical account information independently and directly to various related parties including the business line, product groups, and credit divisions.

    Additional responsibilities will include presentations to senior executives, discussions with internal auditors and external regulators.
    Providing quality control for credit applications and/or approval memos.
    Participate in and contribute to special assignments and projects as required.
    (2) New transactions
    Lead effective challenge of transactions to ensure safety and soundness of portfolio
    Work with the business line to identify and mitigate structural and other risks in prospective transactions.

    Evaluate credit opportunities along with the business line and perform detailed credit analysis taking in to consideration industry, business, legal and financial risks, and make recommendations to management operate.

    Provide real-time feedback to deal teams about MUFG risk appetite for transactions

    Provide structuring input and make recommendations on credit requests based on fundamental analysis and maintain a comprehensive knowledge on individual companies and the industries in which they operate.

    Advise the Business Line on credit risk issues/terms and conditions to create the best possible transaction, focusing on the risk/return dynamic and on minimizing potential credit costs.

    (3) Policy Compliance
    Ensure compliance with external regulatory/internal policy and procedural requirements
    Participate in ad-hoc policy meetings to enhance organization wide credit risk framework.

    Qualifications:
    Bachelor's Degree or Masters in business or a related field.
    CFA is desirable.
    7+ years of work experience in credit and risk related functions with a minimum of 3 years of experience in analyzing ABL transactions is required
    In depth knowledge of corporate credit analysis, loan

    structures/documentation

    and credit and risk management issues is critical.
    Understanding of the issues related to the regulatory environment (FRB, OCC, FDIC).
    Comfortable with Word, Excel and PowerPoint
    Strong written and verbal communications skills are critical.
    Knowledge of bankruptcy and experience in workout situations highly desirable.

    The typical base pay range for this role is between $140K - $180K 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
    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 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.

    #LI-Onsite

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