Manager- Counterparty Credit Analysis

About Us:

MUFG Bank, Ltd. is Japans premier bank, with a global network spanning in more than 40 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments, and individuals worldwide. MUFG Banks parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, the Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be the worlds most trusted financial group through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG Global Service Private Limited:

Established in 2020, MUFG Global Service Private Limited (MGS) is 100% subsidiary of MUFG having offices in Bengaluru and Mumbai. MGS India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MGS India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia Pacific

Location: Mumbai, Nerlon Business Park

Roles and Responsibilities:

• Prepare the drafts of the annual Borrower Rating (BR) and annual Aircraft Finance Rating (AFR) for airlines and lessors
• Spread financials of the airlines and lessors to be submitted along with the renewal format and analysis paper for the Annual Credit Review (ACR) described in the item above
• Support the ongoing monitoring of single names and portfolio
• Draft and develop cashflow forecast models to support recommendations
• Participate in credit due diligence as part of the portfolio review process, as well as in the onboarding of new clients and following key risk events.
• Finalization of papers following review by line managers.
• AFR analysis includes but is not limited to, Loan to Value analysis, facility updates / summary, loan outstanding update and underlying asset analysis.
• Ability to multi-task and manage ever-changing and sometimes conflicting priorities;ability to work with a high level of motivation and initiative;
• Quickly assess pertinent credit issues, raising salient points to the correct stakeholders and analyse the risk reward trade-off.
• Work diligently to develop technical skills and industry knowledge related to the role, working towards sectoral and/or jurisdictional expertise.
• Ensure accurate and timely compliance with internal rules and reporting procedures.
• Undertake specific country and industrial sector research and other project work as appropriate.
• Undertake any ad-hoc exercises/projects/reporting as assigned.
• Ensure that internal monitoring systems are kept up to date in all relevant areas
• Work with colleagues in the Credit functions to ensure an effective dialogue on risk related issues and to maintain a culture of cooperation.
• Elevate any potential issues to Senior Management at an early stage so that these can be dealt with appropriately.
• Undertake specific country and industrial sector research and other department / bank-wide project work as appropriate.
• As directed support the development of other junior staff members assigned to the team.

Job Requirements:

• 5-6 years of experience inreviewing and writing counterparty credit analysis (inclusive of financial analysis, market standing, industry trends) of Airlines and/or Aircraft Lessors within a 1st or 2nd line of defense risk function.
• Credit experience working with IG and NIG counterparties.
• Aviation coverage (as outlined above) would be viewed favorably, albeit not mandatory, other asset-finance experience would also be beneficial.
• A strong quantitative background with a solid understanding of accounting and financial data analysis.
• A clear and concise business writing style reflecting a capacity to distil critical information from large data sources.
• Ability to conduct thorough due diligence and form a forward-looking view using cash flow modelling and stress testing.
• Willingness to learn credit, risk management of structured finance
• A good understanding of loan and ISDA/CSA documentation, market risk and key credit protections is beneficial.

Preferred:

• Experience in working with stakeholders in an overseas location
• Ability to communicate effectively and collaborate with colleagues across support functions and interact regularly with Sales/Trading revenue generators and clients
• Proficiency in using Microsoft Suite of applications with a focus on Excel, V-Lookups and Pivot Tables is important.

Education / Qualifications:

• Bachelor Degree or equivalent (Required)
• Professional qualifications desirable (e.g. CA, MBA, CFA or similar qualification in Finance).