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Credit Risk Manager
Mitsubishi UFJ Financial Group
New York, NY, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Job Summary:
The Credit Risk Manager will lead, develop and monitor credit policies and underwriting guidelines related to this line of business. This role functions as the lead risk professional and subject matter expert in Commercial Mortgage Back Securities (CMBS) within Capital Market Credit, both adjudicating credit applications and monitoring the portfolio. The primary objective is the establishment, development and ultimately the supervision of the credit risk process, partnering with business line teams, executive management, and key stakeholders to optimize outcomes for MUFG.
Major Responsibilities:
• Establish risk appetite, underwriting guidelines, credit policy and procedures supporting the CMBS business.
• Develop and/or enhance risk rating methodologies and stress-testing methodologies.
• Approve/recommend criteria for asset selection for warehousing.
• Work closely with the Commercial Real Estate Institutional (REI) credit group.
• Manage complex deals and the resultant retained portfolio, including regular reviews and reporting.
• Proactively identify emerging risks and advise senior managers on appropriate credit risk management actions.
• Responsible for credit reviews of CMBS loan portfolio, identifying underwriting and distribution weaknesses or market trends, and recommending action steps based upon our risk appetite.
• Prepare and deliver risk-focused presentations to senior management during transaction, ad hoc Credit Committees, and business reviews.
• Interact with regulators, manage supervisory exams and provide responses to regulatory inquiries.
• Attend and/or present portfolio update to senior management and board meetings as appropriate
Qualifications
• Minimum 10 years of work experience with a major CMBS bank (originate and distribute model).
• Experience in CRE lending and knowledge of structured finance, transaction structures, rating and regulatory requirements, documentation, market/investor influences and the lending process.
• Experience in CMBS warehousing is mandatory.
• Relevant CMBS capital markets experience is crucial to evaluate distribution strategy and mechanics.
• Demonstrated ability to lead and/or interact with deal teams; strong communication and presentation skills.
• Thorough knowledge of legal, compliance and regulatory matters related to this business.
• Comfortable with high-pressured environment and can manage multiple priorities.
• BA degree required, MBA preferred.
The above statements are intended to describe the general nature and level of the 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, perspective, 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.