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Credit Risk Analyst, Associate
Mitsubishi UFJ Financial Group
New York, NY, United States
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Description
Discover your opportunity with MUFG Bank, 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
JOB SUMMARY:
The Credit Risk Analyst-1 position carries the following high-level responsibilities:
• Advance leading risk management practices from within the MUFG, Credit Strategies Group (CSG)/Portfolio Analytics Team.
• Assist the design and development of credit models and end-user analytic tools.
• Present credit portfolio analytics results to senior management via specialty reports and in-person meetings.
• Perform this work in collaboration with other bank teams.
Major Responsibilities:
• Expand CSG’s Credit Risk Economic Capital (EC) modeling capabilities, supporting: (i) Risk appetite setting, (ii) Managerial stress testing, (iii) Concentration management, (iv) Risk-return analysis, and (v) Business strategic planning.
• Assist CSG projects by performing (i) Correlation and Concentration analysis, (ii) Hedge performance analysis, (iii) Asset allocation, and (iv) Other portfolio management analysis.
• Lead workshops, meetings and other forums to coordinate and inform key bank stake holders.
• Develop solutions to analytical, implementation, and/or execution problems.Develop and maintain periodic risk reports/presentations on the following: (i) Key risk levels, (ii) Trends, (iii) Strategies, and (iv) Potential issues.
• Develop and maintain risk management documentation supporting (i) Regulatory and Compliance requirements, (ii) Stress testing models, and (iii) General policies and procedures.
• Assist in maintaining production risk management infrastructure, including: (i) Analytic models, and (ii) Data inventories.
• Develop and manage project plans in order to meet target goals and objectives.
• Coordinate activities in association with multiple bank divisions including: (i) Risk Management, (ii) Finance, (iii) Treasury, and (iv) Line of business Risk Owners.
Qualifications:
• Bachelor’s degree required (prefer Masters or PhD) in Finance, Statistics, Engineering, Mathematics or other quantitative field (or foreign equivalent degree).
• 2-3 years of Risk Management experience.
• Superior quantitative capabilities and outstanding analytical skills, including an investigative mindset and ability to ask good qualitative questions.
• Project management knowledge coupled with the ability to work efficiently within a team.
• Excellent critical thinking, problem-solving abilities
• Strong oral communication skills. Should be able to describe technical topics to non-technical audiences. (Prefer good writing ability as well).
Ability to understand risk data.
• Strong work accuracy and personal reliability.
• Experience with one or more of the following software(s) is preferred: R, Python, C++, SAS, MATLAB, Tableau.
• Solid understanding of MS Office Suite, SQL/Access, or other database software.
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.