This job has expired, please see additional jobs below
Senior Credit Risk Modeling Manager, Director
Mitsubishi UFJ Financial Group
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 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:
As a member of the Credit Strategies Group management team, this role is responsible for assisting the Head of Wholesale Credit Risk Modeling on several projects in a challenging but intellectually interesting and collegial environment. Projects will include but not be limited to globalizing wholesale credit modeling, making regional models more agile and consistent with market trends and regulatory expectations, and high level administrative tasks, as necessary. The position requires a wide strategic view covering the very smallest to the very largest customers in the Americas, EMEA, and Asia, and portfolios in MUFG Union Bank, MUFG Bank U.S., and the Global Business Unit (GBU). As the team grows, it is expected that opportunities will present themselves for managing a small team of analysts, associates, and VPs.
Major Responsibilities:
Risk measurement, analysis, and methodology design including
• Developing, documenting, implementing or otherwise enhancing models for credit loss
• Working closely with business line and risk managers to assess and manage firm wide risk management
• Working with model governance teams to develop methods and metrics for ensuring all models continue to perform as expected and within ranges agreed to by internal model audit and model management committees
Thought leadership, research, and ad hoc analysis
• Expected to stay informed of research trends and market best practices, share information with the teams and management
• Critically evaluate, develop and deploy systematic methodology improvements.
• Validate methodologies of vendor purchased models and tools and related infrastructure to inform modeling strategy
• Oversee all communications for your models including with internal and external auditors and internal risk and business partners
Qualifications
• Graduate degree in a quantitative discipline MSc, MMF or Ph.D. (physics, finance, economics, econometrics, statistics, mathematics, or equivalent experience.)
• Ten or more years of relevant business experience in credit and/or market risk, risk management (Basel II, III, Economic & Regulatory capital, Stress Testing)
• In-depth knowledge of lending portfolios and credit risk modeling including Basel parameters estimation (PD, LGD, EAD, correlation) and bank credit loss forecasting modeling
• Well-developed project management and communication skills
• Well-developed relationship management skills and excellent written and verbal communication
• Ability to work in a dynamic environment under pressure and undertake, execute and deliver on time multiple concurrent projects
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, 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.