Analyst / Associate, Middle Office Business Management Analyst / Associate, Middle Office Business  …

MUFG
in London, United Kingdom
Permanent, Full time
Last application, 11 Jun 21
Competitive
MUFG
in London, United Kingdom
Permanent, Full time
Last application, 11 Jun 21
Competitive
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 offices in more than 50 markets. The Group has over 180,000 employees, and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. Please visit our website for more information - mufgemea.com.

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 offices in more than 50 markets. The Group has over 180,000 employees, and offers 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.

 

Please visit our website for more information - mufgemea.com.

 

This role is to act as the overseeing and reporting team for the Asset Evaluation and VIE processes, conducting various other monitoring, reconciling and corrective action to ensure correct reporting to Head Office. 

 

NUMBER OF DIRECT REPORTS

0

 

MAIN PURPOSE OF THE ROLE 

To oversee, manage and support the completion of monthly/quarterly Asset Evaluation process for ESFO and Aviation. Working closely with the Portfolio teams within these areas as well as Finance and Back Office to ensure correct and accurate balances are reported, including outstanding balances, collateral and guarantee, secured portion, classification of assets and other relevant information, for the problem rated assets (8-1 and below).

 

To support the completion of the VIE process, reporting assets paid-in capital and exposures of the determined VIEs and non-VIEs for GCIB semi-annually.

As per USGAAP accounting rules MUFG as a US listed company is required to consolidate entities if MUFG is the primary beneficiary of the VIE, disclosing the Assets and Total exposures to the Non-Consolidated VIE in interim and annual report.

 

The team will manage:

 

  • Legal Entity management in Deal Tracker involving the monitoring, investigating and approving of all LEs added by Deal Tracker user as well as general maintenance.
  • Updating Legal Entities external ratings in Deal Tracker for S&P and Moody’s
  • GZEUS updates and queries
  • Supporting and investigating data queries including industry codes, company size and BIC codes
  • Providing account plans to deal teams and EBD offices

 

Additional tasks include the semi-annual completion of the Provision Notice, DCF and any other additional adhoc tasks as appropriate.

 

 

KEY RESPONSIBILITIES

  1. Active monitoring of Borrower Ratings to ensure awareness of customers that fall within the scope of Asset Evaluation.
  2. Perform various administrative and reconciliation processes in an efficient and responsive manner in order to manage the effective reporting, ensuring all deadlines are adhered to.
  3. Managing communication with several areas, making amendment in GZEUS where applicable, and maintaining reports to ensure that correct information is reflected and reported.
  4. Build relationships throughout MUFG Bank to establish a peer network, gather relevant information and help to ensure effective interactive inter-departmental collaboration.
  5. Develop an excellent understanding of all core systems including, GZEUS and OVS, and procedures.
  6. Report assets paid in capital and exposures for VIE and non-VIE determined for GCIB ensuring all required deadlines are met.
  7. Report MUFG Loan and Swap exposures as well as performing a completeness check to ensure all entities have been captured
  8. Undertake and support various administrative and adhoc tasks assigned.
  9. Deal Tracker Legal Entity management and maintenance.
  10. Creating Account Plans for both EIBD and EBD offices.
  11. Take the lead in any investigation items required for the team ensuring these are actively monitored and dealt with in a timely manner.
  12. Provide support and training to the Analyst in the team.

 

WORK EXPERIENCE

 Essential

  • Basic understanding of banking products and systems
  • Banking/Financial background

 

SKILLS AND EXPERIENCE

 

Functional / Technical Competencies:

Essential:

  • Proficient in Excel

 

Preferred:

  • Experience of working in a support team
  • Microsoft Office skills including Word
  • Experience of providing junior members of the team with guidance and support
  • Financial Accounting skills

 

Education / Qualifications:

 

Essential:

  • A Level and/or relevant work experience

 

PERSONAL REQUIREMENTS

  • Excellent communication skills
  • Results driven, with a strong sense of accountability
  • A proactive, motivated approach
  • Excellent attention to detail and accuracy
  • The ability to operate with urgency and prioritise work accordingly
  • A structured and logical approach to work
  • Ability to independently investigate and solve queries in a timely manner
  • A creative and innovative approach to work
  • Excellent interpersonal skills
  • The ability to manage large workloads and tight deadlines
  • A calm approach, with the ability to perform well in a pressurised environment
  • Flexible working style
  • Strong Excel skills
  • Good leadership 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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