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Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
OVERVIEW OF THE DEPARTMENT/SECTION
Global Corporate and Investment Banking (GCIB) NBFI is in charge of the coverage of Insurance and Reinsurance companies in EMEA. The team is building on recent success to expand the product suite to include capital and liquidity management solutions.
The team currently has 4 members and is active with the key names in the sector in the UK and the rest of Europe
NUMBER OF DIRECT REPORTS
None initially, but there is scope to develop managerial responsibilities in the future.
MAIN PURPOSE OF THE ROLE
We are looking for an experienced candidate with a good understanding of insurance financials and previous exposure to insurance solutions either in a bank, an insurance company or a broker, and established connections within the sector to promote MUFG product offering
The position involves coverage responsibility in addition to developing solutions and the successful candidate can expect to take more coverage responsibility as the team continues to expand
Cooperation with other MUFG offices - the US in particular is a key part of the role and the successful candidate should expect to work closely with the Insurance team based in NY.
KEY RESPONSIBILITIES
Be part of the Insurance coverage team and work with the product teams to grow the revenues in order to gradually establish MUFG as a leading Insurance House globally
As First Line of Defense, liaise with credit to build the tools to help the risk analysis of insurance solutions and develop a risk framework
The successful candidate will identify the potential for more advanced solutions for insurance clients and take a leading role in origination
Work with the Head of NBFI to train, supervise and develop insurance RMs in EMEA and other regions
WORK EXPERIENCE
Essential:
Previous experience in structuring insurance solutions
Coverage responsibility
Preferred:
Working experience in the capital management or solutions team of an insurance, a reinsurance or an insurance broker
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Essential
Knowledge of Solvency 2 and BMA regulations
Understanding of Consolidator business
Understanding of reinsurance
Understanding of regulations relating to reserve for P&C and Life
Good access to the Lloyd’s market and mid-size insurance carriers across Europe where the team want to expand
Exposure to sidecar financing
Education / Qualifications:
Essential
Finance and derivatives
Preferred:
Actuarial background useful but not necessary
Good understanding of the credit process in a bank
PERSONAL REQUIREMENTS
Strong team player and ability to integrate in a small but international team dedicated to the growth of the Insurance franchise at MUFG globally
Results driven, with a strong sense of accountability
Deep understanding of risk and able to take a long term view the business
Strong decision-making skills, the ability to demonstrate sound judgement
Excellent attention to detail and accuracy
A calm approach, with the ability to perform well in a pressurized environment
Strong numerical skills
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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