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Credit Quality Assurance (CQA) Team, as a part of the Internal Audit (EIA) Bank's third Line of Defence, provides independent assurance to the Board and Executive Management on the quality of the credit portfolio and underlying sectors and individual obligors and associated aspects of credit risk management, including the accuracy and timeliness of approved internal ratings.
NUMBER OF DIRECT REPORTS
MAIN PURPOSE OF THE ROLE
Credit Examination Senior Managers will have strong subject matter expertise in credit risk assessment and analysis.
They will lead and participate in CQA reviews/engagements, including all elements of planning execution and reporting, within approved budgets and timelines.
Assess the appropriateness and effectiveness of credit risk management of obligors in a variety of sectors/ regions and opine on the accuracy and timeliness of internal ratings, as well as, the identification and management of facility risks by the 1st and 2nd line of defence.
Maintain constructive relationships with assigned stakeholders and undertake continuous monitoring of assigned credit portfolio(s) and report on the results ensuring a proactive, transparent and impactful approach to the monitoring of credit risk and escalation of issues.
Where required, perform a review and assessment of credit cost and provisioning for underperforming assets.
Proactively collaborate with relevant colleagues in EIA and global third line to ensure comprehensive view and communication of emerging risks and associated actions which may be required.
Key responsibilities of the CQA Senior Manager will include:
Perform the review, debate and challenge of borrower ratings and facility risk management across a variety of different regions, industries, sectors and obligors.
Develop specialist areas of subject matter expertise within specific sectors and products as assigned to them.
Maintain good knowledge of relevant regulatory developments related to credit risk management and governance.
Deliver CQA Reviews which are insightful, impactful and value adding. Associated deliverables should require minimal rewrite by the CQA Director and Head of Audit.
Provide senior management with a continuing, independent and objective opinion on the quality of credit risk assets and effectiveness of related credit risk management activities.
On occasion, represent CQA in working groups covering key credit related aspects such as credit risk appetite, credit controls, policies and procedures.
Assist the CQA Director and Head of Audit in effective continuous monitoring of the credit risk universe, risk assessments and provide opinion on strategic plans where required using external industry insights and risk trends.
Ensure effective communication across all levels of management with internal and external stakeholders within EMEA and other regions.
Execute and deliver CQA engagements to the required methodology and Quality Assurance standards.
Assist in agreeing Management Action Plans and Issue follow-up with stakeholders.
Often act as lead on CQA Reviews and non-'BAU' initiatives e.g. a working group.
Travel across EMEA may be required.
Experience of working in a credit risk function within the Financial Services sector.
Good understanding of corporate, structured and transaction banking.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Strong credit risk analysis skills.
Knowledge of credit and risk principles, products and management.
Strong analytical skills with ability to identify key issues.
Strong writing and communication skills.
Education / Qualifications:
Higher education or equivalent industry experience.
Professionally qualified (ACA, CFA etc) are desirable but not essential.
Excellent communication and writing skills.
Results driven, with a strong sense of accountability.
A proactive, motivated, structured and resilient approach to project management
The ability to operate with urgency and prioritise work accordingly; deliver within approved timelines and budgets.
Strong decision making skills, the ability to demonstrate sound judgement.
Strong problem solving skills.
A creative and innovative approach to the analysis of credit risk and presentation of results.
Excellent interpersonal skills.
Excellent attention to detail and accuracy.
Excellent Microsoft Office skills
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.
We areopen to considering flexible working requestsin line with organisational requirements.