Credit Risk Manager, Policy & Regulation

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Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

Would you like to work for one of the World's largest banks in an exciting, dynamic and international environment?

We are currently recruiting for a Credit Risk Manager, Policy & Regulation for our Credit Risk Division in Amsterdam.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. 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 world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.

About MUFG in the European Economic Area

Following the decision taken by the UK in 2016 to leave the European Union, MUFG has taken all of the necessary steps to ensure the continuation of all services to clients, regardless of their location. Clients located in the European Economic Area (EEA) access services through MUFG Bank (Europe) N.V. as well as MUFG Securities (Europe) N.V.

About MUFG Bank (Europe) N.V.

MUFG Bank (Europe) N.V. (MBE) is a fully-owned subsidiary of MUFG Bank, headquartered in Amsterdam. With offices throughout Europe, our teams provide clients with comprehensive financing solutions spanning Coverage & Structured Finance, Capital Markets and Transaction Banking, using MUFG’s global reach to provide bespoke solutions. With 73 green, sustainability, sustainability-linked and transition bond tranches in 2021 and 51 sustainability-linked loans in EMEA in 2021, MUFG is committed to supporting clients to achieve sustainable business growth.

Please visit our website for more information – https://www.mufgemea.com/mbe

Your impact at MUFG

You will perform identification, assessment, monitoring and evaluation of credit risks on portfolio level, in particular:

• Assure Credit Risk Division is ECB/EBA-compliant or remediation action is planned and coordinated;
• Act as Subject Matter Expert on EBA/ECB regulation as it relates to credit risk and represent bank in meetings and OSI’s with regulators (DNB/ECB),
• Update Credit Policies and Procedures (P & P) on behalf of MBE. These P & P can be localised versions of Head Office and Regional governance documents;
• Own and maintain Credit Target Operating Model (TOM) documents around E2E credit process on behalf of MBE;
• Monitor and escalate material credit risks and control issues to internal committees;
• Execute risk management cycle for credit risk as per the policy and risk appetite;
• Manage, from Credit Risk perspective, the bank’s adherence to Internal Capital Adequacy Assessment (ICAAP), the Recovery Plan and the Risk Appetite Statement (RAS);
• Manage stakeholders internally and externally;

Function positioning

Credit Strategies Group (CSG) department is responsible for the 2nd LoD oversight over credit risk control framework and risk profile of the bank. That includes risk governance and risk appetite, stress testing, periodic (qualitative and quantitative) risk assessments and capital adequacy assessment. CSG is a key stakeholder in assessing new business cases and advising the Management Board. CSG department acts as a local model owner for all credit risk models used within MBE.

MBE is growing product offering and client segments to service MUFG clients in EU market, as well as harmonizing way of working and enhancing integrated risk culture across EMEA. MBE risk management is working closely with EMEA risk management to support this direction. In this role, the Credit Risk Manager will interact with internal and external stakeholders to ensure credit risk is well understood and controlled locally, as well as that EU regulatory requirements are properly embedded in the regional risk control framework. In addition, building rapport with business and risk colleagues across the region is key to understand the impact of (new) business and products on bank’s risk profile and risk appetite.

The role includes the following:

• Perform horizon scanning for new regulation, coordinate all new regulation gap assessment and remediation plans;
• Interact directly with Internal Audit, External Audit, ECB and DNB on queries, reviews and OSI’s; Lead remediation for audit and regulatory issues assigned to CSG;
• Update Credit Target Operating Model documents around E2E credit process on behalf of MBE;
• Update Credit Policies and Procedures (P & P) on behalf of MBE. Liaise with Regional and Head Office stakeholders as well as the relevant divisions to make sure the policies and procedures are in alignment with the ones regionally and globally;
• Monitor and escalate material credit risks and control issues to internal committees;
• Execute risk management cycle for credit risk as per the policy and risk appetite;
• Enhance and maintain credit risk appetite metrics;
• Develop strong relationships with key stakeholders within MBE, EMEA and Tokyo head office, and support the wider EMEA/global agenda;
• Contribute to, as appropriate, credit related projects within MBE as well as EMEA and bank-wide ones so that the projects can accomplish its objective.

Consultation and others

Participating in internal and/or external consultation platforms (either on an ad hoc or permanent basis) regarding Credit Risk Management:

• RMC (Risk Management Committee)
• Regulatory Change Oversight Meetings
• Provisioning Oversight Group
• Credit Portfolio meetings with business
• EMEA credit risk committees/forums

Close cooperation with Business (Global and Japanese Corporate Banking), Credit Office, Credit Management Division and Finance. Regular interaction with counterparts in London and Tokyo Head Office.

In order to be successful in the role, you will need the following:

Skills and experience:

Required:

• Bachelor’s or Master’s Degree in Finance, Business, or a related field
• Minimum of 5 years experience in a comparable environment. The role requires previous experience in another ECB-supervised institution.
• 3+ years experience in perform regulatory assessments against ECB/EBA guidance within Credit Risk function both for Banking and Trading book.
• 3+ years experience in performing remediations on regulatory and audit findings.
• Experience in preparing presentations for and interaction with regulators and audit.
• Experience with working directly with stakeholders across 1st Line and 2nd Line of Defense.
• Working knowledge of credit risk concepts and measurements both for Banking and Trading Products;
• Thorough understanding of relevant EBA guidelines and regulation in EU for Credit Risk, specifically LOaM, CRR;
• Analytical skills and ability to provide effective challenge to organization;
• Good data manipulation skills;
• Fluent language skills in English both written and verbal.

Preferred:

• Preferably completed CFA, FRM or PRM or engaged in the process;
• Experience of counterparty credit risk management, specifically limit management based on PFE and use of other exposure metrics for Trading Book.
• Preference for experience in other Foreign Banking Organizations operating within EU.
• Demonstrated experience in project management, including planning, execution and tracking.
• Prior experience in issue management, risk & controls assessment or Enterprise Risk Management.
• Working knowledge of SharePoint and PowerBI

Personal requirements:

Integrity and Responsibility

• Balance Risk with Opportunity
• Customer Focus
• Demonstrate Global Perspective

Professionalism and Teamwork

• Drive For Results
• Collaborate and Build Partnerships
• Communicate Effectively and Professionally

Challenge Ourselves To Grow

• Influence and Inspire Others
• Lead Change & Seek Continuous Improvement
• Think Strategically
• Manage and Develop Talent

What do we have to offer:

We offer you a role in one of the largest banks of the world in a growing and international environment. You have various opportunities to develop yourself and we will support you with that by offering various training and development possibilities.

• We take into account your home situation and your ambitions and help you to balance work and private life.
• Monthly team events.
• To work in an ambitious, international environment with colleagues from different countries and cultures, who strive for the best.

Besides that we will offer you:

• Gross salary based on experience and consistent with the market
• 8% holiday allowance and 13th month payment.
• 30 vacation days per year. Optional you can buy 15 additional days.
• Commuting allowance based on annual public transport 2nd class, most economical way, or € 0,23 per km with a max of 75km one way.
• €5,00 net remote working compensation per day, with a maximum of €60,00 per month.
• Possibility to order a mobile phone (up to €800,-)
• Possibility to order Office Equipment’s for the home office, (up to €500,-)
• Remote Working Policy i.e. Working From Home (WFH) and Remote Working in another Country.
• Bicycle plan (fiscal benefit)
• Company fitness (fiscal benefit)
• Mental health workshops and budget for external courses (i.e. Dutch language classes).
• Employee contribution towards Pension insurance (max 5%, currently 2%), our pension scheme is based on a defined contribution scheme.
• Training & development possibilities paid by the bank

Additional information:

The application window will be closed per June 22 2025.

Acquisition in response to this vacancy is not appreciated.

The role is based in the Netherlands. All candidates need to be willing to relocate to the Netherlands. Internal employees will be supported in case of relocation.

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.