Job Information
MUFG Vice President, Loans Middle Office Loan Closing in London, United Kingdom
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. 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.
MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.
As one of the top financial groups globally with a vison to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do. We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.
Please visit our website for more information - mufgemea.com.
This role is responsible for the Overseeing a Loan closing team specifically in the role of Facility Agent, Security Trustee and Lender. Managing the pipeline of loan deals to close and ensuring the staff are reviewing the Loan agreement to closing, with the requirement the deal can be serviced with documented processes and controls.
In their day to day execution of duties to ensure timely completion of department obligations in adherence to head office rules and department procedures. It will be responsible for working autonomously to resolve operational issues as they arise and to achieve a satisfactory conclusion including where necessary the implementation of preventative measure to avoid reoccurrence. As part of the supervisory responsibilities associated with this role, staff are to be trained to a high standard and provided with appropriate tools that allow them to operate to the high standards expected by the bank. This role will be responsible for working collaboratively with peers in both Operations and beyond to achieve the common goals of the bank and the department.
No of Direct Reports: 4-5
Essential Functions:
Responsible for managing, coaching and steering Facility Onboarding team to ensure completion of accurate and timely closing of the Loan facility deals.
Responsible for managing pipeline with the business areas for all Loan deal closing deals across EMEA..
Responsible for detailed facility agreement review to ensure the clauses as Agency. Security Trustee and Lender can be serviced with agreed processes, controls and system support prior to MUFG signing the executed agreement.
Managing and steering the team to build the deals within Loan IQ, ensuring all data points are captured, for management of the loan after closing.
Timely and detailed hand over of the Loan deal to the transaction management team and loan operation for servicing.
Upskilling the team. Creating and maintaining procedure manuals and controls for accurate closure of the deals.
Responsible for the facilitation of well-structured training and adequate supervision to ensure staff are well informed with the necessary tools and adequate oversight to perform their role well and to the standards expected by the Bank.
Utilising expert knowledge of Loan Operations and MUFG systems, this role is responsible for guiding staff in the correct systematic capture of the facility to ensure correct registration at financial close, as well as the ongoing event management and servicing of the loan post financial close.
Responsible for building effective relationships with all stakeholders to facilitate smooth transition from Pre-mandate to financial close and beyond into Loan Servicing.
Responsible for day to day management of staff, dealing with situations consistently honestly and fairly and where necessary being the first point of contact for both positive and negative matters.
Support the Front Offices on new product and servicing of the deal.
Co-ordinate across Operations to ensure the deal is processed in a timely manner.
Act as escalation for direct team and the wider LMO team.
Utilising expert knowledge the product and market to manage syndicated Loan facilities portfolio assigned to the successful candidate. In addition to this, the successful candidate will be expected to provide expert guidance and direction to less experienced LMO staff to assist with the completion of their duties and responsibilities. This will cover all life cycle events from correct systematic capture of the facility at Financial close to the ongoing event management and servicing of the transaction post close.
To verify and validate transactions created by other LMO staff to ensure precise and correct instructions are delivered to the appropriate processing areas for accurate error free execution
Oversee the creation, or, give direction and guidance in the creation of control tools necessary to administer client facilities where the Bank’s systems are considered inappropriate. This will ensure all transactions processed remain within the approved parameters and agreement of the facility.
Continually review and challenge processes and procedures to maximise efficiency and processes that allow highest possible facility usage with a view to maximising the revenue streams, in order to satisfy client and other stakeholder’s requirements.
Ensure the creation and flow of information is accurate and timely to enable Management and stakeholders to act appropriately.
Working with Head of LMO to achieve the short-term, medium-term, and long-term goals of the team.
Chair monthly service meeting with each FO sector reviewing pipeline, volumes, capacity and prioritisation queues.
Responsible for working autonomously to resolve operational issues as they arise, and providing, where necessary, the implementation of preventative measures to avoid reoccurrence of incidents.
Build relationships throughout MUFG to establish a peer network, gather relevant information and help to ensure effective inter-departmental collaboration.
Operate as product specialist providing subject matter expertise where required.
Be at all times abreast and up to speed with market developments in relation to the product stream, and be instrumental in Change Management when required
Education:
Minimum GCSE (or equivalent) in core academic subjects
A Level (or equivalent) preferred
Additional language skills advantageous
Work Experience:
As this is a Vice President / SME position the candidate should possess:
Considerable experience of working within a Financial Institution Middle Office Control function.
Considerable operational experience of loan products
Knowledge of all Agent roles covering Facility, Security Trustee, Collateral.
Operational and administrative knowledge of the loan market.
Experience in reviewing loan agreements.
Experience of facilitating and chairing Lender, Borrower and Legal counsel calls in the role as Agent.
Functional/Technical Skills and Knowledge requirements:
Bi-lingual Proficient in up-to-date standard practices relative to the products administered within, Loans markets
Proficient in the standard Microsoft Office suite (e.g. Outlook, MS Word, MS Excel)
Behavioural Competencies:
Integrity and Responsibility
Balance Risk with Opportunity
Customer Focus
Demonstrate Global Perspective
Professionalism and Teamwork
Collaborate and Build Partnerships
Communicate Effectively and Professionally
Drive For Results
Challenge Ourselves To Grow
Lead Change and Seek Continuous Improvement
Think Strategically
Influence and Inspire Others
Manage and Develop Talent
#LI-Hybrid
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.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute
MUFG
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