The First Line underwriting team is responsible for performing a risk focused Quality Control (QC) review of Credit Originations and ongoing portfolio Monitoring activities. The objectives of these reviews is to ensure the First Line has a control process to determine whether analytical output adheres to established credit underwriting, risk rating and risk management frameworks and quality objectives to provide reasonable assurance to management that target outcomes are achieved. As such, QC re... 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 First Line underwriting team is responsible for performing a risk focused Quality Control (QC) review of Credit Originations and ongoing portfolio Monitoring activities. The objectives of these reviews is to ensure the First Line has a control process to determine whether analytical output adheres to established credit underwriting, risk rating and risk management frameworks and quality objectives to provide reasonable assurance to management that target outcomes are achieved. As such, QC reviews are an integral part of process management and improvement. It is the responsibility of Origination/monitoring team managers to ensure that results of QC reviews pertaining to the Credit Originations, ie Credit Applications (CA’s) and ongoing portfolio Monitoring activities, ie Borrower Rating Reviews (BR’s) under their purview: (i) comply with the Bank’s Standards and Procedures (ii) meet all regulatory expectations and (iii) are addressed in a timely manner. This position is typically expected to work a large number of reviews with minimal oversight. Provides technical guidance to staff for research, analysis and documentation. May receive delegated responsibilities from management.
Management or Supervision (Yes/No): No
Major Responsibilities:
- Perform Quality control of CA’s & BR’s (individual credit packages) in accordance with risk focused guidelines
- Confirm the analytics and outcomes presented therein were developed and conveyed in accordance with the Banks standards and established procedures, and regulatory requirements. Document each review by thoroughly completing a QC checklist/line card
- Assist in developing and monitoring QC framework and management work queues of team members
- Provide mentorship and training to junior team members
- Analyze credit files, financial documents, projections, and research industry trends to facilitate and enable QC review
- Maintain working knowledge of all regulatory obligations and be able to relate them to MUFG standards and procedures
- Support the evolution of global and local Credit and Risk Management standards to ensure knowledge of any updates
- Play a key role in the development and roll-out of both strategic and tactical process changes
- Maintain strong working relationship with stakeholders in both the first line and second line of defense
- Perform other duties as assigned
Additional Information:
- 7+ years work experience, plus significant lending/examination experience
- Expertise in Middle Market / Sponsor commercial lending preferred.
- Knowledge of industry credit processes, lending policies, and current financial and Regulatory environments.
- Strong understanding of credit processes and systematic controls
- Understanding of examination techniques, including control procedures, examination principles, and theory
- Credit/financial statement analysis skills, modeling skills and an understanding of business and financial markets
- Knowledge of corporate finance concepts and theories
- Completion of formal credit-training program at a money center bank preferred
- Ability to analyze QC at a macro level, identifying signs of changing risk levels and/or symptoms of process control breakdowns
- Effective communication skills, both oral and written
- High attention to detail
- BA or BS degree; MBA, FRM, CFA, or other advanced degree or certification is a plus.
The typical base pay range for this role is between $140K - $180K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. 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. For more information on our Total Rewards package, please click the link below.
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.
