Purpose of the role:
Responsible for proactively setting and executing risk mitigation strategies for loans across APAC, focusing on structured and complex loan products in particular Sponsor Leveraged Acquisition Finance (LAF) and both Financial Institution (FI) and Non-Bank Finance Institution (NBFI) products. The focus of the role is ensuring sufficient downside risk mitigation at loan origination for complex structured finance products and/or circumstances where the bank faces borrowers with heightened credit risk.
The role will work in tandem with the existing FI / LAF / other complex structured product client relationship and product teams and other key stakeholders, including MUFG Securities to review and challenge deal structures and suggest additional structural protections (commercial and legal), including specific unwinding, insolvency or restructuring considerations for new deals.
You will be required to critically review and sensitise borrower forecasts and underlying asset security valuations (including estimated recoveries in distressed or enforcement scenarios), consider client specific and sector risks, and challenge the adequacy of covenants and other protections from key commercial and legal terms. You will be required to review and provide advice on individual loans, but also help set risk appetite criteria and exposure thresholds for various structured loan portfolios.
Whilst the primary focus of the role is loan origination, you may also be required to support regional Credit Managed Assets team colleagues in working out or rehabilitating existing stressed and distressed loans and various other regional risk initiatives across APAC.
For existing stressed and distressed structured loans, you will be required to formulate, negotiate and implement appropriate risk mitigation strategies to maximise loan recoveries, including through refinancing, restructuring, rehabilitation or sale of loans or portfolios.
You will support the APAC Head of the Credit Managed Assets team to develop a strong credit and risk control/culture within the Global Corporate and Investment Banking Division (“GCIB”). Partnering closely with colleagues across APAC in supporting GCIB to proactively manage key risk controls related to the business activities.
You will report to Head of Credit Managed Assets (APAC).
Job Responsibilities:
Strategic
- Understand the competitive landscape, industry trends, regulations and the Bank’s strategy to review division/department’s performance and identify opportunities and risks.
- Utilise your deep understanding of structured finance products to review the key risks faced on new structured finance deals and recommend structural and other risk mitigants, including FI products (subscription call financing, NAV-based lending/fund financing) and LAF products (HoldCo, OpCo, TLB, Direct Lending structures).
- Based on feedback and lessons learned from management of problem loans, provide feedback and recommendations for changes to GCIB overall portfolio “credit stance” or appropriate risk appetite for individual loan transactions going forward.
- Collaborate with relationship managers to provide an independent review of new loans at origination where subject to heightened risk (e.g. reputational or credit risk concerns, complex borrower group, uncommon or novel elements or structure, development of new strategies or approaches to growing a business or product) and recommend appropriate downside risk mitigation through commercial, legal and structural protections. Ultimately, risk ownership will remain with the relevant Structured Product or Country relationship manager – you will be responsible for advising and consulting to them.
- Work with country relationship managers and key structured finance product partners to enhance existing and future regional credit and other risk management frameworks to embed 'best in class' risk ownership into the first line of defence.
- Collaborate with the bank’s Debt Capital Markets (DCM) team and related securities company, MUFG Securities to ensure that, when they are at an early stage of considering and advising on complex syndicated structured finance transactions options, ensure appropriate structural, legal and commercial downside credit mitigation is incorporated (that MUFG would expect to itself participate), and to give due consideration to any unwinding, restructuring or insolvency factors as may be required.
- In cooperation with country relationship managers and other Credit Managed Asset team colleagues, assist with the formulation and execution of recovery and restructuring strategies for stressed and distressed assets. This may involve leading syndicates of banks, advisors and internal stakeholders through complex stakeholder negotiations for the implementation of restructuring solutions for the bank's stressed and distressed credits.
Financial
- Provide input and evaluate the adequacy and effectiveness of existing credit policies for structured finance products, procedures, processes and ensure they continue to be refined and develop in line with emerging key market risk trends.
- Lead internal training and assess structuring and risk management competencies of relationship managers to ensure appropriate downside risk mitigation is consistently implemented on new deals.
Customer
- Develop and maintain strong stakeholder management with key stakeholders both within MUFG, GCIB and externally
- Responsible for maintaining strong customer relationships in tandem with primary relationship managers.
- Consult and support regional colleagues to develop timely measures and action plans effectively.
- Work in partnership with Head Office, Risk Division, middle and back-office functions across region in maintaining business relationships resolving any credit related issues associated with credit relationships.
- Anticipate as well as be sensitive to customer expectations and guide the regional colleagues and GCIB to consider appropriate measures to protect the Bank in managing complex structured finance loan origination and credit situations.
- Visit customers frequently, to represent the business to resolve issues and maintain good customer relationship.
- Develop and maintain strong relationship with regulators, when required.
- Monitor and advise Management on the impacts of economic and regulatory changes.
- Advise Management on progress and findings.
People
- Act as a role model to GCIB team members and adhere to all company policies/ guidelines. Support, coach and guide team on complex issues.
Other/ Control
- Review credit knowledge and assist with the training competencies of RMs in GCIB.
- Contribute to processes, policies and guidelines to mitigate any credit risk and align to the business strategy.
- Participate in relevant committees within the entity.
- Ensure compliance with relevant regulations and limits. Maintain good working knowledge of global and regional industry trends, products, relevant laws and regulations.
- Act as a Subject Matter Expert to MUFG customers and Management.
- Adhere to all company policies / guidelines.
Job Requirements:
- Minimum Degree holder
- Minimum 12 years’ experience in banking or advising banks or non-bank financial institutions specializing in complex structured finance loan products across APAC markets.
- Experience in banking, advisory, corporate finance or legal sectors managing advanced loan and deal structuring and negotiation with a focus on downside risk mitigation, including formulating and reviewing complex financing SPVs, loan and security structures and associated legal documentation.
- Experience managing credit workouts, hands-on restructuring of stressed and distressed loans would also be advantageous
- Strong stakeholder management skills to collaborate with other divisions/departments including across geographical locations.
- Experience through one to two economic downturns would be advantageous, including financial analysis and modelling of downside scenarios
- Cross functional understanding of risk and controls (i.e. market, credit, finance, compliance, operations, legal, audit)
- Excellent communication skills
- Strong leadership skills and ability to work under own initiative.
- Strong understanding of the global banking regulatory environment.
We regret to inform that only shortlisted candidates will be notified.
Job ID: 10067466
