Director, Head of Portfolio Management, Leveraged Finance
Apply locations London time type Full time posted on Posted 5 Days Ago job requisition id 10068626-WD
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.
Overview of the Department/Section
The Leveraged Finance group is responsible for the origination, structuring and execution of LBOs with financial sponsors, including syndicated, direct lending and mid-market transactions, and other relevant sponsor financings, and for working alongside relationship managers and other coverage functions within the bank for the origination and execution of transactions for leveraged corporates. This role is to lead the Leveraged Finance Portfolio Management team, which is responsible for the monitoring and management of the leveraged loan exposures originated by the group.
Number of Direct Reports
3-4
Main Purpose of the Role
To lead the ongoing monitoring and management of non-investment grade financings originated by the Leveraged Finance group, including asset management strategy.
To lead Leveraged Finance discussions and strategy on portfolio matters with key senior stakeholders, including ECRO (credit sanctioning), CAD and GCIB Senior Management
In conjunction with CAD, to lead portfolio analysis and reporting for internal purposes and to ensure portfolio adherence to internal and external procedures and requirements (e.g. compliance, KYC, internal audit)
To identify and execute refinancing and cross-sell opportunities with portfolio borrowers in conjunction with LF Origination, PE Sponsor Coverage, Capital Markets, Corporate Relationship Managers and other relevant internal counterparties
To support and coach more junior team members in undertaking each of the above tasks
Key Responsibilities
Lead the monitoring of credit quality for a portfolio of assets via management information and internal and external research sources to ensure covenant compliance and early identification of performance variances to budget and base cases
Lead and manage the development of relevant credit analysis including sensitivity scenarios and key ratios analysis (including where appropriate credit rating agencies'), and make informed judgements on financial viability and liquidity to advise decision making at senior management level
Take leadership in proactively developing, recommending and executing actions relevant to effective LF portfolio risk management, including partial / full asset disposals and portfolio top-ups
Lead the timely preparation of high quality borrower credit reviews, monitoring analysis, waiver / consent requests and secondary trading proposals for submission to ECRO, and other internal processes as appropriate
Review materials prepared by junior portfolio team members and other account officers, and provision of guidance on appropriate actions in accordance with LF procedures
Take responsibility for data integrity and, in partnership with the CAD team, assist in preparation of internal portfolio reporting and analysis including materials for the Corporate Credit Review Meeting
Work with relevant internal counterparties to mine the existing portfolio to identify refinancing and cross-sell opportunities
Build relationships throughout MUFG to establish a peer network, gather relevant information and help to ensure effective inter-departmental collaboration
Build relationships at the appropriate business levels to create and maintain trust with corporate clients and partner banks on transactions
Support Corporate Relationship Managers to maintain an ongoing dialogue with clients to maximise MUFG's opportunities to win future business.
Engage in cross-organisation working groups and processes to develop and refine procedure and strategy, representing the individual requirements of the Leveraged Finance team
Manage non-financial risks related to the client base, e.g. conducting timely ongoing compliance and KYC checks for LF clients in line with internal and external processes and procedures
Manage the relationship with Internal Audit and their regular audit processes to ensure positive outcomes for the Leveraged Finance team
Manage and develop junior portfolio team members and other junior team members as appropriate to assist in their development.
Work Experience
Significant experience working within a banking / advisory or transactional environment
Advanced understanding of LBO structures and instruments and transaction experience thereof
Advanced experience in financial modelling (particularly LBO and credit ratings)
Advanced experience in execution of transactions (including credit process) within tight timeframes
Advanced experience in credit analysis and due diligence
Significant transaction experience in several EMEA geographies, comfortable working in different cultures and capable of flexing style to accommodate client base
Client-facing experience
Experience of managing a pan-European liquid book of single B assets highly desirable
Experience of leading a team and of managing people is highly desirable
Skills and Experience
Functional
I
Technical Competencies:
Excellent communication skills, written and verbal
Advanced understanding of deal structuring and banking documentation
Advanced credit skills
A strong team player with excellent interpersonal skills
Ability to effectively manage tight deadlines and different stakeholders
Knowledge of corporate finance principles / accounting knowledge
Experience of managing a team highly desirable
Preferred:
Relevant post degree qualifications preferred (e.g. CFA or ACA)
Personal Requirements
Excellent communication and interpersonal skills
Results driven with a strong sense of accountability
A structured proactive, motivated and logical approach to work
Ability to operate with urgency, manage large workloads and tight deadlines when needed, and to prioritise work accordingly
Strong collaboration and teamwork skills
Strong decision making skills, the ability to demonstrate sound judgement
Attention to detail and accuracy
Excellent Microsoft Office skills, particularly Excel and PowerPoint
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.
#J-18808-Ljbffr
Apply locations London time type Full time posted on Posted 5 Days Ago job requisition id 10068626-WD
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.
Overview of the Department/Section
The Leveraged Finance group is responsible for the origination, structuring and execution of LBOs with financial sponsors, including syndicated, direct lending and mid-market transactions, and other relevant sponsor financings, and for working alongside relationship managers and other coverage functions within the bank for the origination and execution of transactions for leveraged corporates. This role is to lead the Leveraged Finance Portfolio Management team, which is responsible for the monitoring and management of the leveraged loan exposures originated by the group.
Number of Direct Reports
3-4
Main Purpose of the Role
To lead the ongoing monitoring and management of non-investment grade financings originated by the Leveraged Finance group, including asset management strategy.
To lead Leveraged Finance discussions and strategy on portfolio matters with key senior stakeholders, including ECRO (credit sanctioning), CAD and GCIB Senior Management
In conjunction with CAD, to lead portfolio analysis and reporting for internal purposes and to ensure portfolio adherence to internal and external procedures and requirements (e.g. compliance, KYC, internal audit)
To identify and execute refinancing and cross-sell opportunities with portfolio borrowers in conjunction with LF Origination, PE Sponsor Coverage, Capital Markets, Corporate Relationship Managers and other relevant internal counterparties
To support and coach more junior team members in undertaking each of the above tasks
Key Responsibilities
Lead the monitoring of credit quality for a portfolio of assets via management information and internal and external research sources to ensure covenant compliance and early identification of performance variances to budget and base cases
Lead and manage the development of relevant credit analysis including sensitivity scenarios and key ratios analysis (including where appropriate credit rating agencies'), and make informed judgements on financial viability and liquidity to advise decision making at senior management level
Take leadership in proactively developing, recommending and executing actions relevant to effective LF portfolio risk management, including partial / full asset disposals and portfolio top-ups
Lead the timely preparation of high quality borrower credit reviews, monitoring analysis, waiver / consent requests and secondary trading proposals for submission to ECRO, and other internal processes as appropriate
Review materials prepared by junior portfolio team members and other account officers, and provision of guidance on appropriate actions in accordance with LF procedures
Take responsibility for data integrity and, in partnership with the CAD team, assist in preparation of internal portfolio reporting and analysis including materials for the Corporate Credit Review Meeting
Work with relevant internal counterparties to mine the existing portfolio to identify refinancing and cross-sell opportunities
Build relationships throughout MUFG to establish a peer network, gather relevant information and help to ensure effective inter-departmental collaboration
Build relationships at the appropriate business levels to create and maintain trust with corporate clients and partner banks on transactions
Support Corporate Relationship Managers to maintain an ongoing dialogue with clients to maximise MUFG's opportunities to win future business.
Engage in cross-organisation working groups and processes to develop and refine procedure and strategy, representing the individual requirements of the Leveraged Finance team
Manage non-financial risks related to the client base, e.g. conducting timely ongoing compliance and KYC checks for LF clients in line with internal and external processes and procedures
Manage the relationship with Internal Audit and their regular audit processes to ensure positive outcomes for the Leveraged Finance team
Manage and develop junior portfolio team members and other junior team members as appropriate to assist in their development.
Work Experience
Significant experience working within a banking / advisory or transactional environment
Advanced understanding of LBO structures and instruments and transaction experience thereof
Advanced experience in financial modelling (particularly LBO and credit ratings)
Advanced experience in execution of transactions (including credit process) within tight timeframes
Advanced experience in credit analysis and due diligence
Significant transaction experience in several EMEA geographies, comfortable working in different cultures and capable of flexing style to accommodate client base
Client-facing experience
Experience of managing a pan-European liquid book of single B assets highly desirable
Experience of leading a team and of managing people is highly desirable
Skills and Experience
Functional
I
Technical Competencies:
Excellent communication skills, written and verbal
Advanced understanding of deal structuring and banking documentation
Advanced credit skills
A strong team player with excellent interpersonal skills
Ability to effectively manage tight deadlines and different stakeholders
Knowledge of corporate finance principles / accounting knowledge
Experience of managing a team highly desirable
Preferred:
Relevant post degree qualifications preferred (e.g. CFA or ACA)
Personal Requirements
Excellent communication and interpersonal skills
Results driven with a strong sense of accountability
A structured proactive, motivated and logical approach to work
Ability to operate with urgency, manage large workloads and tight deadlines when needed, and to prioritise work accordingly
Strong collaboration and teamwork skills
Strong decision making skills, the ability to demonstrate sound judgement
Attention to detail and accuracy
Excellent Microsoft Office skills, particularly Excel and PowerPoint
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.
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