Vice President, Head of Credit & Account Management, Singapore

Job description

Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 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. The Credit & Account Management (“CAM”) department provides end-to-end support on internal workflow processes related to client due diligence, credit review and control, as well as continuing management of legal covenants and credit conditions within the APAC Global Corporate & Investment Banking business in MUFG Bank Ltd. CAM is positioned as a trusted partner to the front office where the tasks of navigating internal risk approval processes in compliance with established MUFG policies and procedures will be addressed in a consistent and efficient manner, thus leaving the front office focused on the execution of strategies that support fulfilment of clients’ needs and requirements. CAM’s portfolio purview includes sovereign agencies, financial institutions (banks and non-banks), corporates, special purpose vehicles (including non-recourse arrangements) for project finance, real estate and aviation sectors, as well as specialised commodities trade finance. Job Responsibilities: Ensure all team deliverables relating to internal client and credit processes within the 1st Line of Defence are executed / implemented within agreed stakeholders expectations; Lead due diligence to assess existing internal client and credit processes for continuous improvements and in anticipation of evolving operating conditions for best-in-class execution to ensure the team maintains ongoing operational excellence; Understand products and transactions risk to ascertain the underlying credit risk factors, collateral benefits (where applicable), the appropriate source of repayment, particularly for non-recourse financing structures and advise stakeholders / coach junior members of the team accordingly; Manage the day-to-day activities of the team to support and proactively contribute to MUFG’s business growth and reduce operational risks Ensure accurate, timely and efficient team deliverables in the following areas:- 1. Covenants management in an accurate and timely manner as part of ongoing portfolio monitoring duties; 2. Support the relationship managers in the preparation and update of client marketing materials; 3. Collaborate closely with the Risk / Compliance / Legal departments and external experts on deal matters as appropriate; Support (and/or lead where required) the continuous development of:- 1. regional/global risk frameworks, including the resolution of complex credit processes or operational issues; 2. standardization and streamlining initiatives to optimize operational efficiency. Conduct product suitability reviews for new and existing clients in accordance with MUFG’s established policies and procedures; Provide support to continuous improvement projects and initiatives, incl. the update of operating policies and procedures to ensure compliance with all applicable regulations; Support in internal and external audits (Credit Examination, JFSA / MAS / BoJ / RBI / Statutory etc.) by coordinating corresponding activities for the department/branch; Maintain good working knowledge of industry trends, products, relevant laws and regulations. Upkeep department standards by ensuring all team members adhere to company policies and procedures; Provide junior members of the team with guidance on career development and support; Manage efficient use of team resources including headcount and direct expenses. Job Requirements: Minimum 7 years’ experience in an analytical or client coverage role within corporate or investment banking covering the APAC region. Knowledge of structured products and/or project finance will be an added advantage; Proven working experience in transformation and change management. Minimum bachelor degree. Having relevant post-graduate qualifications (MBA / MSc) and/or professional qualifications (CA / CFA / FRM) will be an added advantage; Experience in managing teams under cross-matrix reporting structures; Demonstrated abilities to influence senior stakeholders / management towards a constructive and beneficial outcome, Having a track record of successful collaboration resulting in innovative and pragmatic approaches to problem-solving. Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.