The Assistant Vice President will be responsible for supporting the Agency Servicing Team within MUFG Bank, and will play a key role in mitigating risk within the function. This includes daily monitoring and reporting on Risk Indicators, as well as serving in a subject matter expert capacity for risk remediation. The role will report directly into the Vice President, who oversees Risk and Control for the Agency function in the US. Major Responsibilities. Day-to-day oversight of Key Risk Indicato... more details
Do 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 120,000 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.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.
Job Summary
The Assistant Vice President will be responsible for supporting the Agency Servicing Team within MUFG Bank, and will play a key role in mitigating risk within the function. This includes daily monitoring and reporting on Risk Indicators, as well as serving in a subject matter expert capacity for risk remediation. The role will report directly into the Vice President, who oversees Risk and Control for the Agency function in the US.
Major Responsibilities
Day-to-day oversight of Key Risk Indicators within the Agency Servicing space, ensuring the servicing operations area performs timely and accurate reconciliation for incoming cash, General Ledger postings, Past Dues, Foreign Currency items, Suspense accounts, etc.
Support the Vice President, who will act as main point of contact related to SOX testing, internal and external audit requests, issue escalation, etc.
Partner with VP & Director of Agency Servicing, as well as internal Risk Partners, on Open Issues and Action Plans to address control failures.
Ensure the Servicing team manages transactions appropriately, minimizing operational risks and losses, and ensuring compliance with all bank policies and procedures.
Coordinate with the VP for support on initiatives, including technology or infrastructure enhancements, system upgrade and replacement efforts, human capital discussions, etc. and ensure appropriate resource allocation, business requirements, SME knowledge, testing, and implementation.
Design and implement departmental structural and procedural changes where necessary, including Standard Operating Procedure creation/review.
Qualifications
3-5 years’ experience in the role of Administrative Agent, either from an operations or risk perspective.
Comprehensive knowledge of the Syndicated Loan Market, particularly the role of Administrative Agent. Prior LSTA or working group involvement a plus.
Understands market conventions for managing products across Syndicated & Commercial Lending Operations.
Comfortable interacting with senior internal and external stakeholders, including the Bank’s Clients, Syndications, Front Office, auditors, regulators, etc.
Knowledge of systems used to manage the Syndicated lending business: AFS, ACBS, Loan IQ, Clearpar, Syndtrak, Intralinks, Debt Domain.
The typical base pay range for this role is between $80– $90 depending on job-related knowledge, skills, experience and location. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays.
MUFG Benefits Summary
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.
