Assistant Vice President, Credit Middle Office

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.

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 an Assistant Vice President for our Middle Office 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.

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.

Your impact at MUFG

You will support and/or conduct Credit Control administrative & reporting tasks, assigned to the Middle Office Division and as such to assist in the management, monitoring and control of the bank’s Credit, Market and Liquidity Risk transaction portfolio.

Main tasks comprise:

• Static credit data processing such as credit customer info, credit limits, terms and (special) conditions/instructions, covenants and collateral.
• Control/monitoring/reporting on compliance with internal rule/regulations framework prior to credit limit set-up and credit disbursement such as credit documentation, covenants and collateral vs. approved credit terms and conditions/instructions/required credit reports, due date calendar of credit approvals, borrower ratings & collateral.

Function positioning

The function forms part of the bank’s Middle Office Division (MOD), which main task consists of the controls, monitoring and reporting in relation with the bank’s credit and market risk transaction and product portfolio in order to safeguard compliance with the bank’s credit rules, policies and guidelines as well as the regulatory framework and administration.

The Division employs 6 functions:

• Middle Office Planning (MOP)
• Treasury Middle Office (TMO)
• Credit Middle Office (CMO)
• Middle Office Department – DSS (MOD-DSS)
• Product Management Coordination (PMC)
• Supply Chain Finance Middle Office (SCF-MO)

The role includes the following:

• Entry & Verification of credit/market other risk, collateral & customer (static) data in the bank’s used applications if required;
• Review facility and other credit agreements to handle pre-disbursement checks for the JCBD/GCBD client portfolios in MBE branches.
• Conduct or coordinating Head Office reporting for all MBE branches.
• Creating monthly control reports for Front Office on timely manner.
• Managing control reports for monitoring covenants and credit instructions, reports and conditions.
• Managing IFRS 9 Expected Credit Loss reports, including the handling of staging and required control and credit data overrides Managing improvement of data quality
• Contribute to the completion of the team’s workload;
• Ensure that the daily workflow processing is up to date and accurate;
• Ensure compliance with the Bank’s rules, policies, procedures and guidelines together with all relevant regulatory and statutory requirements
• Provide advice and guidance to junior team members including motivation, support and the sharing of best practice as appropriate
• Where appropriate, co-ordinate and escalate significant incidents in order to minimize the consequences and facilitate the recovery of the bank’s resources.
• Adapt to and identify changes in systems, processes and working practices in order to achieve operational improvement.
• Counter party for MBE branches to enhance the good relationship with each MBE branch, and guiding Overseas Credit Rules to RM.
• Enhancement of control of documentation

The tasks described above, apply to the business of the MBE Amsterdam office and its branches

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

Skills and experience:

• University/HBO level (professional economic/business administrative education).
• Experience in a similar function or relevant area
• Knowledge of and experience with automated database storage and processing and desktop IT skills, specifically Microsoft Excel and Access.
• Verbal and written communication skills in English are essential.
• Team player with a flexible and collaborative attitude

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:

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.

About US

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