Credit Risk Associate - FIG (1 year contract) - Jobs in Toronto, ON

Job Description

Join a financial group that’s as committed to your future as you are. At MUFG, we share a vision for our future, we share our successes, and we strive to bring out the best in each other in everything we do. As the 5th largest bank in the world, our diverse team is connected by a common ambition to create change for the better—from forging more dynamic career paths to driving progress in our communities, to continuously reshaping the standards of global financial services. Positive impact starts here; see the change you can make as we strive to become the world’s most trusted financial group. 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, MUFG has a global network with over 2,700 locations in more than 50 markets. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. MUFG aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly responding to all of 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 information, visit https://www.mufg.jp/english Job Summary:Support Credit Administration for the Wholesale Bank (CDA). Manage/support credit coverage with moderate oversight from the Senior Credit Officers for Financial Institution clients.Primary Accountabilities:

• Preparation of detailed credit analyses and credit application requests, including evaluation of corporate, regulatory and industry risk, historical operating performance, projected operating performance and capital structure.
• Responsible for the coordination and communication of account information across various constituencies throughout the organization.
• Responsible for developing a solid understanding of assigned industry sectors and customer segments as well as tracking of current events in assigned portfolio utilizing internal and external sources.
• Oversight of covenant compliance database and facility closing due diligence, including documentation, as well as coordination of transaction closing process.
• Attend customer and bank meetings when appropriate.
• Special projects as assigned.

Advanced Credit/Underwriting Solutions:

• Prescreen proposed transactions to identify critical structural issues and risks, balancing institutional policy with business objectives with guidance from Senior Credit Officers.
• Assist on structured credit transactions (including Financial Solution opportunities, securitizations, supply chain finance and leasing transactions) with guidance from Senior Credit Officers.

Policy and Deal Advocacy:

• Assist Senior Credit Officers in internal policy development by participating in committees, project teams, or transaction discussions.
• With guidance from Senior Credit Officers, communicate with Relationship Managers and Portfolio Managers to resolve issues to ensure transaction requests are acceptable and within the risk appetite of the firm.
• Evaluate and establish/confirm appropriate ratings for transactions and advise on appropriate exposure level in the context of guidelines for transaction and group level exposure.
• Ensure compliance with internal policy and regulatory requirements.

Technical Skills:

• Strong financial assessment and analytical skills are required; financial modeling experience is desirable.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Verbal and written communication skills appropriate for a professional environment.
• Ability to work independently and under pressure.

Experience Required:

• Minimum of 3 years of work experience within a financial institution (analyzing corporate clients risk and credit profiles), accounting firm or rating agency required. Prior focus on Financial Institutions, especially insurance, is desirable.

Education Required:

• Bachelors degree in Business, or related major, with work towards a higher degree (MBA) or certification (such as CFA) is preferred.
• Minimum of 3 years of work experience within a financial institution (analyzing corporate clients risk and credit profiles), accounting firm or rating agency required. Prior focus on Financial Institutions, especially insurance, is desirable.
• Completion of formal credit-training program at a money center bank is a plus.

Work Environment:

• WFH and office split

Notice: The above information on this job description has been described to indicate the general nature and level of work performed by incumbents. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills and abilities of the incumbent. Company Chartered in 1981 and assuming its current identity as MUFG Canada Branch, our Canadian Branch is the premier Asia-based global bank in its market. We serve local and Japanese clients from the Atlantic to the Pacific with financial expertise across a number of key industries such as oil and gas, pipelines, power generation, automotive, transportation, and telecom. The receipt of this application by MUFG Bank, Ltd., Canada Branch (“MUFG Canada Branch”), does not imply or guarantee employment. MUFG Canada Branch is an equal opportunity employer. We do not discriminate in hiring or in any other aspect of employment on the basis of the grounds enumerated in the Canadian human rights act. In addition, MUFG Canada Branch complies with applicable laws prohibiting discrimination in employment in every jurisdiction in which it maintains facilities. MUFG Canada Branch provides accommodation to individuals in accordance with the requirements outlined in the Canadian human rights act and the Canada Labour Code.©2020 Mitsubishi UFJ Financial Group, Inc. All rights reserved. The MUFG logo and name is a service mark of Mitsubishi UFJ Financial Group, Inc., and is used by MUFG Bank, Ltd., Canada Branch, with permission.https://www.bk.mufg.jp/global/globalnetwork/americas/pdf/privacy_notice.pdfOther details

• Pay Type Salary

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