MUFG Hiring for Senior Quantitative Analyst Job at New York, NY Full Time

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. Across the globe, we’re 180,000 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.

Leading model performance monitoring and reporting; supervising junior team members to generate the quarterly and annual model performance report and ensuring all the Americas wholesale credit models in scope are performing well without critical issues. Managing statistical models for Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) for credit analysis; acting as the point of contact for PD models that cover half of the bank’s portfolio; coordinating the end to end process for credit models, involving cross-institution collaboration (including data team, modelling team, validation team, internal audit and business end users). Leading Expert Panel to determine model design, specification and usage; leading the working groups which consist of quantitative analysts and business analysts to perform case study, trend analysis, sensitivity analysis and impact analysis on various proposals. Acting as a key point of contact in the modeling team for business line and risk managers about key risks in their industries and products to assess, analyze, and manage firm-wide risk management; providing guidance to junior members of the team on analyzing model usage data to monitor performance and identify trends among risk variables. Managing the issue tracking and remediation function; and reporting periodically to senior management on issue remediation progress. Acting as the key point of contact for the Tokyo office and the Japan Financial Services Agency (JFSA) to assist with the global collaborative effort and new global credit model development work. Managing communication with head office on model documentation and implementation. Managing and executing risk related projects including collecting data observations from junior team members, identifying potential issues of existing procedures, and working closely with senior management to enhance the process. Leading industry research effort to keep internal methodologies up with the latest standards. Supervising junior team members to research AI models that could be used in credit analysis.

Qualifications – External

Education: Master’s degree in Financial Mathematics, Mathematics, Statistics, Finance or a related quantitative field (or foreign equivalent degree).

Experience: 3 years of Wholesale Credit Risk Probability of Default model development experience for statistical models using Python; developing models with COMPUSTAT and SNL data; model performance monitoring and scenario analysis, optimization and simulation; ensuring model compliance with SR11-7; with a U.S. office of a foreign bank preparing materials for foreign regulator; and 2 years of experience must include making technical presentations to senior management.

Location: New York, NY 10020

Reference internal requisition #10049118.

We are committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our people and our business; Equal Opportunity Employer: Minority/Female/Disability/Veteran.

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.

Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.