Analyst - Credit Risk Analyst (Bank and NBFI)-US/EMEA

Mumbai, Maharashtra
Permanent
Full-time

8 days ago
Apply easily

About MUFG Global Service (MGS)MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.The Group aims to be the world’s most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.For more informatJob DescriptionAbout UsMUFG Bank, Ltd. is Japans premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Banks parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.The Group aims to be the worlds most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.MUFG Global Service Private LimitedEstablished in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia PacificAbout the Role:Position Title: Credit Risk Analyst (Bank and NBFI)Corporate Title:AnalystReporting to: Vice PresidentLocation: MumbaiJob ProfilePosition detailsSupport MUFG Securities onshore Credit teams in US/ EMEA/ APAC through the credit review of existing and new counterparties as part of the annual review process, new client onboarding and ad-hoc requests across product lines and different jurisdictions. The Bank and NBFI analyst is responsible for creating credit applications for approval, which includes completing counterparty credit write-up and generating counterparties rating in line with internal rating models, as well as ongoing monitor of credit profile and conditions, and escalation to onshore Credit teams of developing counterparty, industry or country concerns. The applicant will have to be well versed in credit risk assessment of banks and non-bank financial institutions (including but not limited to broker dealers, insurance companies and sovereign) counterparties in US, EMEA and APAC.Roles and Responsibilities:

Perform annual renewals and run internal rating scorecard - Manage the annual review schedule and perform new counterparty assessments for a portfolio of bank and NBFI counterparties in a timely manner based on priority and timeline agreed with onshore Credit Managers
Propose credit ratings in line with internal rating models and confirm output with relevant onshore Credit Managers.
Support the input of credit limits (including but not limited to new limits; limit changes, cancellations and re-allocations) or credit commentary in EDM based on priority and timeline agreed with onshore Credit Managers
Trouble shoot technical issues via liaise with technology teams
Liaise with stakeholders that include Legal, Front Office, IDM- Data and Client, IDM- Reporting, Global CRM offices
Provide ongoing monitoring and escalation of counterparties of any concern to the onshore Credit Managers.
Support ad-hoc projects such as UAT/ system testing

Job Requirements:

2-3 years experience of reviewing and writing counterparty credit analysis (inclusive of financial analysis, market standing, industry trends) of banks and NBFI (insurance, broker/dealers and sovereign) counterparties within a 1st or 2nd line of defense risk function of an international financial institution.
Good analytical skills, identifying trends and individual Bank/ NBFI performance
Experience of credit risk rating models and the key rating drivers
Proficiency in using Microsoft Suite of applications with a focus on Excel, V-Lookups and Pivot Tables is important.
Good written and verbal communication including fluent English skills
Good understanding of financial markets
Attention to detail is a must.

Preferred:

Experience in performing due diligence including regular information gathering discussions/ meetings with clients as needed
Experience from working with stakeholders in an overseas location
Good understanding of financial products including repo; derivatives and securities borrowing/lending
Familiarity of credit terms for trading documentation including ISDA/CSA, GMRA, GMSLA
Interpersonal skills: Ability to communicate effectively and collaborate with colleagues across support functions and interact regularly with Sales/Trading revenue generators and clients.

Education / Qualifications:

Bachelor Degree or equivalent (Required)

Equal Opportunity EmployerThe MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, color, national origin, physical appearance, religion, gender expression, gender identity, sex, age, ancestry, marital status, disability, medical condition, sexual orientation, genetic information, or any other protected status of an individual or that individual's associates or relatives, or any other classification protected by the applicable laws.

MUFG