Vice President, EMEA Credit Review

Mitsubishi UFJ Financial Group; Harrow; On-site; GBP 90,000 - 130,000; Full time

Job summary

A leading financial institution in the United Kingdom is seeking a Vice President for EMEA Credit Review. This role involves independent assurance on credit portfolio quality and credit risk management across EMEA, along with leadership in ECR reviews and maintaining stakeholder relationships. Candidates should possess strong credit risk analysis expertise and have relevant industry experience. This position offers a dynamic role with responsibilities across strategic risk management and governance.

Qualifications

• Strong subject matter expertise in credit risk assessment and analysis.
• Experience in a credit risk function within the Financial Services sector.

Responsibilities

• Lead and participate in ECR reviews/engagements.
• Perform the review, debate, and challenge of borrower ratings.

Skills

Credit risk analysis

Analytical skills

Communication skills

Education

Higher education or equivalent industry experience

Tools

Microsoft Office

Data analytics applications

Job description

Overview

Vice President, EMEA Credit Review (ECR) — part of MUFG Internal Audit (EIA) Bank’s third Line of Defence. Provides independent assurance on the quality of the credit portfolio and credit risk management across EMEA, reporting to the ECR Director and Head of Audit.

Main purpose of the role

Credit Review Senior Managers will have strong subject matter expertise in credit risk assessment and analysis. They will lead and participate in ECR reviews/ engagements, including planning, execution and reporting within approved budgets and timelines. They will assess the appropriateness and effectiveness of credit risk management of obligors across sectors/ regions and opine on internal ratings, as well as identification and management of facility risks by the 1st and 2nd line of defence. They will maintain constructive relationships with stakeholders and monitor assigned credit portfolios, reporting results with a proactive, transparent and impactful approach. They may prepare Risk Assessments for Examinable Entities (EE) focusing on inherent risk and control environment; where required, review credit cost and provisioning for underperforming assets; and collaborate with EIA and global third line to communicate emerging risks and actions.

Key Responsibilities

• Perform the review, debate and challenge of borrower ratings and facility risk management across a variety of regions, industries, sectors and obligors.
• Develop specialist areas of subject matter expertise within specific sectors and products as assigned.
• Maintain knowledge of relevant regulatory developments related to credit risk management and governance.
• Deliver ECR Reviews that are insightful, impactful and value adding; deliverables should require minimal rewrite by the ECR Director and Head of Audit.
• Provide senior management with a continuing, independent and objective opinion on the quality of credit risk assets and effectiveness of related credit risk management activities.
• Represent ECR in working groups covering key credit-related aspects such as credit risk appetite, credit controls, policies and procedures, when required.
• Assist the ECR Director and Head of Audit in continuous monitoring of the credit risk universe and risk assessments; provide opinions on strategic plans using external industry insights and risk trends.
• Ensure effective communication across all levels of management with internal and external stakeholders within EMEA and other regions.
• Execute and deliver ECR engagements to the required methodology and Quality Assurance standards.
• Assist in agreeing Management Action Plans and issue follow-up with stakeholders.
• Often act as lead on ECR Reviews and non-BAU initiatives such as working groups.
• Travel across EMEA may be required.

People

• EIA Senior Managers are responsible for the line management of staff allocated to them.
• High performing teams are expected; support performance and talent management.
• Influence and negotiate with counterparts across EIA and globally to execute audit assurance.
• As a Senior Manager, uphold high leadership standards and support other global initiatives.
• Support non-BAU strategic initiatives and lead team meetings, proactively identifying issues.

Planning

• Support Heads of Audit in managing sections of the risk universe, producing the annual audit plan and maintaining evidence that the plan is risk based.
• Utilise subject matter expertise and industry knowledge to complete risk assessments applied to the universe.
• Develop strategy and approach papers for entities and risks within the team’s portfolio; improve risk coverage globally where possible.

Product

• Accountability and ownership for all aspects of the portfolio.
• Delivery of ECR engagements with risk-based scope and timely completion within Department KPI’s.
• Lead a portfolio of ECR engagements with appropriate coverage of key risks and QA standards.
• Provide high-quality, impactful audit opinions for stakeholders (Board/Audit Committee/Executive Management and their Businesses).
• Deliver continuous monitoring assignments and maintain required issue management standards.
• Lead and champion audit methodology implementation and participate in QA standards.

Position

• Contributing representative for the Department on a global basis; attend forums when required; lead relationships with key business staff and auditees.

Professional Practices

Take ownership of or support strategic developments within EIA and assist IAD globally on this agenda.

Work Experience

• Experience in a credit risk function within the Financial Services sector in 1st, 2nd or 3rd line of defence.
• Good understanding of corporate, financial institutions, structured and transaction banking.

Skills and Experience

• Strong credit risk analysis skills and knowledge of credit and risk principles, products and management.
• Strong analytical and written communication skills; ability to apply data analytics to credit assessment.

Education / Qualifications

• Higher education or equivalent industry experience.
• Professionally qualified (ACA, CFA, etc.) desirable but not essential.

Personal Requirements

• Excellent communication and writing skills; results driven with accountability.
• Proactive, motivated, structured and resilient approach to project management.
• Ability to operate with urgency, prioritise work, and deliver within timelines and budgets.
• Strong decision making, problem solving, and sound judgment.
• Creative and innovative approach to credit risk analysis and presentation of results.
• Excellent interpersonal skills and attention to detail; proficient in Microsoft Office and data analytics application.

Performance and Duties

The role holder will be assessed under the employing entity’s performance framework with relevant input from the dual hatting entity. Duties may be changed and the role holder will perform other duties as requested by line manager or Department Head.

Managing Conflicts of Interest

• The role holder will have responsibilities for MUFG Bank and MUFG Securities EMEA plc and must perform duties on an entity-neutral basis, following regulatory requirements to maintain entity integrity.
• Working terms are governed by the Dual-Hat Arrangement Agreement and other relevant agreements; resolve any conflicts or differences in needs between MUFG Bank and MUFG Securities EMEA plc with management escalation as required.

We are open to flexible working requests in line with organisational requirements. MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued and opinions counted; we support equality, diversity and inclusion and oppose discrimination. Recruitment decisions are non-discriminatory and based on skills and law.