Director, Special Credits EMEA

Overview

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Special Credits EMEA is responsible for corporate banking and structured finance credit for Corporates, FIs, and Sovereigns. The department is entity agnostic and act on behalf of MUFG Securities (EMEA) Plc and MUFG Bank EMEA.

Its major functions are outlined as follows:

• Management of problematic assets
• Analysing, approving, sanctioning and monitoring the credit quality of corporate credit risks and related risks;
• Analysing, approving, sanctioning and monitoring the credit quality of but not limited to Corporate, Leveraged Finance, Project Finance, Structured Trade Finance, Aircraft Finance, Asset-backed Finance (Securitisation and Sponsor back-leverage products), Financial Institutions and Sovereigns
• Monitoring, reporting and early action
• Portfolio analysis and management

Our Credit Team is part of a global organisation located in London, New York, Singapore and Tokyo. The London Credit team is responsible for the EMEA region and we work closely with other regions, and MUFG Group entities and subsidiaries within the region, to ensure global consistency in credit management.

None

• To be responsible for the effective management of a portfolio of distressed and problem assets where MUFG may have exposures across different layers in the capital structure, in different products and in various industries/sectors and jurisdictions across EMEA
• To optimize the credit costs, and recoveries on problem assets in EMEA on behalf of MUFG
• To make balanced, timely and thoughtful recommendations and credit decisions on behalf of EMEA and exercise delegated credit authority appropriately
• To support in the strengthening and developing of the risk appetite portfolio monitoring, and early warning frameworks in line with internal policies and senior management and regulatory expectations
• To maintain a broad network of relevant external stakeholders in the recoveries / workout space in other banks, advisors law firms etc., to ensure that MUFG remains at the leading edge of market practice / information

• Responsible for developing and assessing action plans and workout strategies under the various restructuring options, and providing periodic updates to senior management. Provide recommendations on the most appropriate strategy, supported by relevant options analysis, to protect the Bank’s exposure
• Workout / recoveries credit counterpart to front line leadership, coverage bankers and credit managers, and applicable product origination and distribution businesses, and support the second line credit officers on deteriorating names, as appropriate. Where appropriate advise and provide consultation to the other risk functions, first line of defence and other colleagues in relation to restructuring matters.
• Actively engage with borrowers, sponsors, financial creditors and other third parties (including financial advisors and external legal counsel) as appropriate, and active involvement in the negotiation of terms and structures in order to manage, workout and restructure the problem assets with the aim to enhance the Bank’s position and maximize the recovery of problem loans.
• Represent MUFG on CoCom’s where appropriate
• Assessment, review and negotiation of waivers, lender consent requests and restructuring/amendment…