Analyst, Collateral Management Analyst, Collateral Management …

in London, United Kingdom
Permanent, Full time
Last application, 28 Oct 20
in London, United Kingdom
Permanent, Full time
Last application, 28 Oct 20
MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia.. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

As one of the top financial groups globally with a vision to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do.We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.


MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges.  The group’s operating companies include, but are not limited to, MUFG Bank, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.


Please visit our website for more information -


The Operations division is core to all of MUFG business activities. Comprising of c.100 employees across London, New York and Hong Kong, the function consists of Middle Office, Settlements, Collateral Mgmt and Operational Control, covering a diverse product range including Equities, Fixed Income, Derivatives and Futures.


The division is responsible for processing and settling every trade booking and that cash flows and margins are managed, while ensuring wide ranging regulations are consistently met. Operations also play an instrumental role in business development and the introduction of new products and markets.


The Collateral Management area is responsible for the management of the division’s collateral across OTC, Fixed Income and Stock Borrow Lending efficiently and accurately.






We have an exciting opportunity for an experienced Analyst to work within our Collateral Management department. The candidate will be responsible for processing the Margin Exposure across all asset classes (OTC, Repo and SBL) by calling counterparts where MUFG is exposed and meeting counterparts calls on MUFG in line with MUFG valuations. This role will initially be specific cover for SecLending and Repo margin with the opportunity to cross train in the OTC margin space.  

  • Ensure all margin bookings are correctly reflected in key systems (Algo, Murex, Apex) for agreed settlement.
  • Timely resolution of any resulting Nostro breaks.
  • Ensure the CTD collateral is used in conjunction with TRY/RPG.
  • EOD Dispute and MtM differences escalated to line manager.
  • Carry out all duties in line with the Department’s procedures and ensuring these are updated accordingly to reflect current processes in conjunction with your Line Manager.



  • Processing daily VM and IM OTC margin calls using TLM/Sentry/Algo
  • Monthly settlement of interest on cash margin
  • Ensure that all margin bookings are accurate and settle as agreed within currency/settlement cut-offs.
  • A working knowledge of ISDA/CSA documentation and how these impact the collateral Management process
  • To ensure that procedures are kept up to date and that improvements are made when necessary in an effort to improve efficiency across the department
  • To liaise with traders, Legal, other support areas and counterparties, and strive to ensure maximum internal and external client satisfaction


Essential Experience:

  • >5 years financial markets experience predominantly based within top tier firms’ Fixed Income (including OTC), Clearing and Collateral environments. Will have spent at least >2 years in their last position working in Collateral Management, in particular OTC Margin
  • Understanding of OTC margin/collateral processes  and collateral portfolio reconciliation using TriResolve.
  • Strong working knowledge of OTC Derivatives products, being able to understand and unravel complex trading that can impact the margin call process
  • Good working knowledge of Acadiasoft solutions; Exposure Manager/MarginSphere
  • Strategies involving bespoke collateral management processes
  • A good understanding of the regulatory environment that impacts collateral management. Especially, having exposure to Dodd-Frank and EMIR uncleared margin rules


Desirable experience:

  • Good understanding of SBL (Securities, Borrowing & Lending) and Repo processes
  • Understanding of life-cycle of trade processing for Equity and Fixed Income products including trade capture, settlement and reconciliations for Securities Lending transactions.
  • Use of third party platforms such as Pirum, Equilend etc for automated cash mark processing  
  • Understanding of the GMSLA/GMRA
  • Experience of using TLM/Sentry/Algo, Sungard Apex, SWIFT, Intellimatch




  • Excellent communication skills
  • A pro-active, motivated approach.
  • The ability to operate with urgency and prioritise work accordingly
  • A structured and logical approach to work
  • A creative and innovative approach to workExcellent interpersonal skills
  • Excellent attention to detail and accuracy
  • A calm approach, with the ability to perform well in a pressurised environment
  • Strong numerical skills
  • Excellent Microsoft Office


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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