MUFG Americas

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Would you like to work for one of the World's largest banks in an exciting, dynamic and international environment? 

We are currently recruiting for a Credit Risk Manager, Risk Governance for our Credit Risk Division in Amsterdam.

MUFG Bank Europe N.V. (MBE) is a fully-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), one of the largest ranked Financial Groups in the world in terms of assets. A world-class set of businesses and more than 180,000 employees in 50 markets. MUFG offers stability in an ever-changing market, providing services to high-profile clients worldwide.

For more than 50 years MBE offers corporate and investment banking services to both Japanese and non-Japanese corporate customers in The Netherlands and, through its branches. The goal is to be among the top performing foreign-owned banks operating in The Netherlands, providing value-added banking services and excellent operations, fulfilling both Japanese and Global Multinational Corporate customers' needs.

At MBE we are committed to contributing to a more sustainable future. Thus, we will encourage you to embed environmental, social & governance (ESG) factors in your everyday work and in our culture.

The MBE subsidiary based in The Netherlands is a network of branches (Germany Branch (Dusseldorf, Hamburg, Frankfurt, Munich), Spain Branch (Madrid, Barcelona), Belgium Branch (Brussels), Austria Branch (Vienna)), managed from Amsterdam.

Your impact at MUFG

You perform identification, assessment, monitoring and evaluation of credit risks on portfolio level, in particular:

• Own and maintain Credit Policies and Procedures (P&P) on behalf of MBE. These P&P can be localized versions of Head Office and Regional governance documents;
• Assure Credit Governance is EBA-compliant or remediation action is planned and coordinated;
• Own and maintain Credit Target Operating Model (TOM) documents around E2E credit process on behalf of MBE;
• Act as Subject Matter Expert on EBA/ECB regulation as it relates to credit risk;
• Monitor and escalate material credit risks and control issues to internal committees;
• Execute risk management cycle for credit risk as per the policy and risk appetite;
• Manage the bank’s adherence to credit risk regulatory requirements and expectations, especially with regards to Internal Capital Adequacy Assessment (ICAAP), the Recovery Plan and the Risk Appetite Statement (RAS);
• Responsible for timely remediation of audit points;
• Manage stakeholders internally and externally;

Function positioning

Risk Management Division (RMD) supports CRO, Head of RMD and all commercial business and support areas in maintaining effective risk governance and risk control environment within MBE, by providing 2nd line of defense (LoD) view on the bank’s risk profile and its strategic implications for the bank. RMD covers market, liquidity, credit and operational risks, and works in close cooperation with broader regional 2nd LoD function as part of one EMEA team.

Credit Risk Management (CRM) department is responsible for the 2nd LoD oversight over credit risk control framework and risk profile of the bank. That includes risk governance and risk appetite, stress testing, periodic (qualitative and quantitative) risk assessments and capital adequacy assessment. CRM is a key stakeholder in assessing new business cases and advising the Management Board. CRM department acts as a local model owner for all credit risk models used within MBE.

MBE is growing product offering and client segments to service MUFG clients in EU market, as well as harmonizing way of working and enhancing integrated risk culture across EMEA. MBE risk management is working closely with EMEA risk management to support this direction. In this role, the Credit Risk Manager will interact with internal and external stakeholders to ensure credit risk is well understood and controlled locally, as well as that EU regulatory requirements are properly embedded in the regional risk control framework. In addition, building rapport with business and risk colleagues across the region is key to understand the impact of (new) business and products on bank’s risk profile and risk appetite.

The role includes the following:

• Update Credit Policies and Procedures (P&P) on behalf of MBE. Liaise with Regional and Head Office stakeholders as well as the relevant divisions to make sure the policies and procedures are in alignment with the ones regionally and globally;
• Perform horizon scanning for new regulation;
• Update Credit Target Operating Model documents around E2E credit process on behalf of MBE;
• Monitor and escalate material credit risks and control issues to internal committees;
• Lead remediation for audit and regulatory issues assigned to CRM;
• Execute risk management cycle for credit risk as per the policy and risk appetite;
• Enhance and maintain credit risk appetite metrics;
• Develop strong relationships with key stakeholders within MBE, EMEA and Tokyo head office, and support the wider EMEA/global agenda;
• Contribute to, as appropriate, credit related projects within MBE as well as EMEA and bank-wide ones so that the projects can accomplish its objective.

Consultation and others

Participating in internal and/or external consultation platforms (either on an ad hoc or permanent basis) regarding Credit Risk Management:

• RMC (Risk Management Committee)
• Stress Testing Oversight Group
• Provisioning Oversight Group
• Credit Portfolio meetings with business
• EMEA credit risk committees/forums

Close cooperation with Business (Global and Japanese Corporate Banking), Credit Office, Credit Management Division and Finance. Regular interaction with counterparts in London and Tokyo Head Office.

In order to be successful in the role, you will need the following:

Skills and experience:

Required:

• Bachelor’s or Master’s Degree in Finance, Business, or a related field.
• Preferably completed CFA, FRM or PRM or engaged in the process;
• Previous work experience in similar function required. The function requires wide practical experience with credit risk in commercial banking covering corporate clients, either in 1st or 2nd Line of Defense roles, or credit risk advisory roles.
• Understanding of credit risk cycle and experience with qualitative and quantitative risk assessments are desirable.
• Experience in preparing presentations to senior management and regulators;
• Working knowledge of credit risk concepts and measurements;
• Thorough understanding of relevant EBA guidelines and regulation in EU;
• Analytical skills and ability to provide effective challenge to organization;
• Good data manipulation skills;
• Fluent language skills in English both written and verbal.

Preferred:

• Experience of credit risk models and their usage (IFRS9, stress testing)
• Experience of working in an international organization;
• Prior experience in issue management, risk & controls assessment or Enterprise Risk Management
• Working knowledge of SharePoint and Power BI
• Basic knowledge of VBA or other programming language (e.g. Python)

Soft skills:

• Excellent interpersonal skills, building rapport with business and risk colleagues across the region is key in this role;
• Excellent communication and presentation skills, ability to explain a complex topic in a structured and clear manner;
• Proactive self-starter, able to handle a diverse workload;
• Results driven, with a strong sense of accountability;
• Think independently and critically to create own views;
• Calm, structured and logical approach to work, pragmatic;
• Team player with ability to collaborate in cross-division teams and display organizational sensitivity;
• High attention to detail while also maintaining a broad perspective;
• Ability to work in multicultural environment, respecting diversity.

Personal requirements:

Integrity and Responsibility

• Balance Risk with Opportunity
• Customer Focus
• Demonstrate Global Perspective

Professionalism and Teamwork

• Drive For Results
• Collaborate and Build Partnerships
• Communicate Effectively and Professionally

Challenge Ourselves To Grow

• Influence and Inspire Others
• Lead Change & Seek Continuous Improvement
• Think Strategically
• Manage and Develop Talent

What do we have to offer:

We offer you a role in one of the largest banks of the world in a growing and international environment. You have various opportunities to develop yourself and we will support you with that by offering various training and development possibilities.

• We take into account your home situation and your ambitions and help you to balance work and private life.
• Monthly team events.
• To work in an ambitious, international environment with colleagues from different countries and cultures, who strive for the best.

Besides that we will offer you:

• Gross salary based on experience and consistent with the market
• 8% holiday allowance and 13th month payment.
• 30 vacation days per year. Optional you can buy 15 additional days.
• Commuting allowance based on annual public transport 2nd class, most economical way, or € 0,21 per km with a max of 75km one way.
• €5,00 net remote working compensation per day, with a maximum of €60,00 per month.
• Possibility to order a mobile phone (up to €800,-)
• Possibility to order Office Equipment’s for the home office, (up to €500,-)
• Remote Working Policy i.e. Working From Home (WFH) and Remote Working in another Country.
• Bicycle plan (fiscal benefit)
• Company fitness (fiscal benefit)
• Mental health workshops and budget for external courses (i.e. Dutch language classes).
• Employee contribution towards Pension insurance (max 5%, currently 2%), our pension scheme is based on a defined contribution scheme.
• Training & development possibilities paid by the bank

Additional information:

Acquisition in response to this vacancy is not appreciated.

The role is based in the Netherlands. All candidates need to be willing to relocate to the Netherlands. Internal employees will be supported in case of relocation.

For more information regarding this position you can contact our Talent Acquisition Specialist at: recruitment@nl.mufg.jp

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.

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