Manager - Credit Risk Analyst (Insurance sector) [T500-18095]

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:

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Position details

Support MUFG Securities onshore Credit teams in the US 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 Insurance 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 monitoring 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 the Insurance companies segment preferably in America.

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 Insurance counterparties in a timely manner based on priority and timeline agreed with the onshore Credit Manager
• Propose credit ratings in line with internal rating models and confirm output with relevant onshore Credit Manager
• 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 US insurance counterparties.
• Good analytical skills, identifying trends and individual company performance
• Knowledge of risk management, assessment, capital adequacy and reinsurance in the insurance industry
• Strong understanding of US insurance regulations is a plus
• 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
• Proficiency in software and data tools like excel, SNL, BankFocus,or Factset
• 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 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.