Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we're 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that's working to fulfill its vision to be the world's most trusted financial group.
As a member of the Risk Capital & stress testing team this role is responsible for all aspects of model development, implementation, and maintenance, in a challenging but intellectually interesting and collegial environment. In support of the bank's overall credit risk management, the team develops and manages a wide ranging inventory of models covering multiple aspects of credit loss analysis, including regulatory stress tests, economic capital, and more. Opportunities exist for wholesale (C&I or CRE) or retail. Positions exist as well with responsibilities more broadly focused project and governance management.
Risk measurement, analysis, and methodology design including
Developing, documenting, implementing or otherwise enhancing models for credit loss
Working closely with business line and risk managers to assess and manage firm wide risk management
Working with model governance teams to develop methods and metrics for ensuring all models continue to perform as expected and within ranges agreed to by internal model audit and model management committees
Thought leadership, research, and ad hoc analysis
Expected to stay informed of research trends and market best practices, share information with the teams and management
Critically evaluate, develop and deploy systematic methodology improvements.
Validate methodologies of vendor purchased models and tools and related infrastructure to inform modeling strategy
Graduate degree in a quantitative discipline MSc, MMF or Ph.D. (physics, finance, economics, econometrics, statistics, mathematics, or equivalent experience.)
Five or more years of relevant business experience in credit and/or market risk, risk management (Basel II, III, Economic & Regulatory capital, Stress Testing)
In-depth knowledge of lending portfolios and credit risk modeling including Basel parameters estimation (PD, LGD, EAD, correlation) and bank credit loss forecasting modeling
Well-developed project management and communication skills
Well-developed relationship management skills and excellent written and verbal communication
Ability to work in a dynamic environment under pressure and undertake, execute and deliver on time multiple concurrent projects
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/Affirmative Action 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 in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses
Union Bank, N.A.