AdresDo you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
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 Vice President, Credit Risk Manager, Business Oversight within our Risk Management 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.
Our vision? To become the world’s most trusted financial group. You’ll help us achieve it.
Function positioning
Credit Risk Management (CRM) Department is part of the Risk Management Division (RMD) and organizationally reports to the Head of RMD, who in turn reports to the Chief Risk Officer.
VP reports to the Head of CRM Department.
This is a senior role in the team. VP supports department Head in broader Credit Risk management agenda, cooperates closely with other team members, and have frequent interactions with senior professionals across divisions within MBE and MUFG Group.
Job Purpose
Credit Risk Manager performs identification, assessment, monitoring and evaluation of Credit Risks on portfolio level, in particular:
Engage in regular communication with commercial departments (GCBD, JCBD) and supporting functions to ensure Credit Risk is well understood and controlled;
Review and challenge first line Credit Risk management practices as a second line of defense and ensure adherence to MBE Credit Risk management framework.
Perform risk identification and Credit Risk assessment, with focus on structured products, specialized lending and FI business;
Identify and assess top and emerging Credit Risks and update in the MBE risk register where appropriate.
Provide insights, analysis and support across the three lines of defence in MBE. This would involve being a central contact point and liaison for stakeholders; coordinating queries and requests with CRM team members accordingly.
Oversee and challenge 1st Line of Defense (LoD) commercial business activities;
Execute risk management cycle for Credit Risk as per the policy and risk appetite;
Support credit stress testing and offer perspective of its strategic implications for the lending portfolio;
Manage stakeholders internally and externally;
Responsibilities
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;
Ensure emerging risks are identified and highlighted to senior management. Prepare executive summaries, periodic reports, and presentations summarizing findings and recommendations to internal committees.
Provide guidance and expertise with respective to Credit Risk topics;
Propose risk management strategies, frameworks, policies and procedures to stakeholders in the bank.
Conduct and circulate portfolio analysis, insights, MI and reports to stakeholders in Front Office and Credit.
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.
Support Head of ORM department in promoting risk culture in the bank.
Experience with working across departments and functional fields;
Experience in preparing presentations and reports;
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.
Skills and Experience
Hold a 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 first line and credit management.
Working knowledge of Credit Risk concepts and measurements;
Thorough knowledge of credit products.
Analytical skills and ability to provide effective challenge to organization;
Fluent language skills in English both written and verbal.
Preferred
Experience of working in an international organization;
Prior experience of conducting Portfolio Analysis at different levels of granularity;
Working knowledge of Sharepoint and PowerBI;
Data Manipulation skills, Advanced Excel (VBA),
Personal Requirements
Excellent social skills and ability to work in multicultural environment Excellent interpersonal skills; building relationships with Risk and Compliance functions is key in this role;
Strong communication and presentation skills; ability to explain a complex topic in a structured and clear manner;
Proactive self-starter, able to handle a significant and diverse workload;
Results driven, with a strong sense of accountability;
Ability to think independently and critically to create own views;
Calm, pragmatic, with a structured and logical approach to work;
Team player capable of collaborating in cross-divisional teams and display organizational sensitivity;
Ability to work in multicultural environment, respecting diversity.
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.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute
