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Head of Counterparty Credit Risk, Director
full-timeNew York$186k - $250k

Summary

Location

New York

Salary

$186k - $250k

Type

full-time

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About this role

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 150,000 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.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Responsibilities:

  • Lead the assessment, management, and monitoring of counterparty credit risk across trading products (FX, derivatives, SFTs)
  • Enhance and maintain the end-to-end counterparty credit risk framework including operational workflow, limits monitoring, measurement, stress testing, controls and reporting
  • Conduct portfolio risk reviews as well as stress testing and scenario analysis
  • Collaborate with front-office, credit risk management, legal and regulatory teams to ensure compliance with industry standards and regulatory guidelines
  • Report and present Counterparty Credit Risks to senior management, risk committees, and regulators
  • Work with the risk analytics team to enhance existing models to ensure risks are appropriately captured
  • Lead a team of 3-5 risk professionals
  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders

Qualifications:

  • 10 + years’ experience in counterparty risk or relevant function
  • Strong product knowledge of FX, derivatives, repos, SBLs, total return swaps and structured products
  • Expertise in counterparty risk analytics including PFE, EPE, CVA and stress testing. Exceptional communication and writing skills with the ability to synthesize complex concepts and translate into easy-to-understand language, and effectively present in text or slide format
  • Strong ability to analyze and interpret data
  • Strong organizational skills and the ability to multi-task in a complex environment with changing priorities
  • Management experience

The typical base pay range for this role is between $186K - $250K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

Other facts

Tech stack
Counterparty Risk,FX,Derivatives,SFTs,Risk Analytics,PFE,EPE,CVA,Stress Testing,Communication,Data Analysis,Organizational Skills,Management Experience,Portfolio Risk Reviews,Scenario Analysis,Compliance

About MUFG

MUFG (Mitsubishi UFJ Financial Group) 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 over 2,100 locations in more than 40 markets including the Americas, Europe, the Middle East and Africa, Asia and Oceania. The Group has over 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. Through close partnerships among our group companies, the Group aims to be the world's most trusted financial group, flexibly responding to all of the financial needs of its 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. Watch our profile video: https://youtu.be/htyOjA1H6bQ Details of MUFG's Group companies can be found at the following websites: http://www.bk.mufg.jp/global http://www.tr.mufg.jp/english https://mufgamericas.com https://www.mufgemea.com http://www.hd.sc.mufg.jp/english
©2024Mitsubishi UFJ Financial Group, Inc. All rights reserved. The MUFG logo and name is a service mark of Mitsubishi UFJ Financial Group, Inc.

Team size: 10,001+ employees
LinkedIn: Visit
Industry: Financial Services

What you'll do

  • Lead the assessment, management, and monitoring of counterparty credit risk across trading products. Collaborate with various teams to ensure compliance with industry standards and report risks to senior management.

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Frequently Asked Questions

What does MUFG pay for a Head of Counterparty Credit Risk, Director?

MUFG offers a competitive compensation package for the Head of Counterparty Credit Risk, Director role. The salary range is USD 186k - 250k per year. Apply through Clera to learn more about the full compensation details.

What does a Head of Counterparty Credit Risk, Director do at MUFG?

As a Head of Counterparty Credit Risk, Director at MUFG, you will: lead the assessment, management, and monitoring of counterparty credit risk across trading products. Collaborate with various teams to ensure compliance with industry standards and report risks to senior management..

Why join MUFG as a Head of Counterparty Credit Risk, Director?

MUFG is a leading Financial Services company. The Head of Counterparty Credit Risk, Director role offers competitive compensation.

Is the Head of Counterparty Credit Risk, Director position at MUFG remote?

The Head of Counterparty Credit Risk, Director position at MUFG is based in New York, United States. Contact the company through Clera for specific work arrangement details.

How do I apply for the Head of Counterparty Credit Risk, Director position at MUFG?

You can apply for the Head of Counterparty Credit Risk, Director position at MUFG directly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process. You can also learn more about MUFG on their website.