Analyst - Credit Risk (Fund) [T500-18099]

About Us

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.

MUFG Global Service Private Limited

Established 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 MUFG’s global network across Americas, EMEA and Asia Pacific

About the Role

Position Title: Credit Risk Analyst (Fund)

Corporate Title: Analyst

Reporting to: Vice President

Location: Mumbai

Job Profile

Position details

Support 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 Fund credit analyst is responsible for creating credit applications for approval, which includes analyzing credit profile of agents and each underlying principals, generating counterparties rating in line with internal rating models, reconciling principal list to legal documentation and credit application, and managing fund limits allocations in systems. The applicant will have to be well versed in credit risk assessment of fund counterparties in US, EMEA and APAC.

Roles and Responsibilities

• Perform annual renewals on asset managers and underlying principals - Manage the annual review schedule and new client onboarding for a portfolio of principals under agency agreements of which the majority are regulated funds (mutual funds; UCITS; pension funds) in a timely manner based on priority and timeline agreed with onshore Credit Managers.
• Propose credit ratings for the underlying principals in line with internal rating models and confirm output with 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 and 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

Requirements:

• 2-3 years’ experience of reviewing and writing counterparty credit analysis (inclusive of financial analysis, market standing, industry trends) of asset managers and regulated fund counterparties (mutual funds; UCITS; pension funds) within a 1st or 2nd line of defense risk function of an international financial institution
• Good analytical skills, identifying trends and individual fund principal performance
• Experience of credit risk rating models relevant to a fund portfolio 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 especially the fund industry is a plus
• 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

Equal Opportunity Employer

The MUFG Group is committed to providing equal employment opportunities to all applicants and employees and does not discriminate on the basis of race, colour, 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.