Assistant Vice President, Derivatives Trade Support Specialist

KEY RESPONSIBILITIES

In this role, you will be responsible for Derivatives Trade Support across MUFG’s banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business,

Responsibilities will include:

• Day to day accurate execution of processes, being a direct contributor to re-engineering or building of controls
• Liaising closely with Trading, Sales and Structuring to ensure accurate and timely bookings of trades
• Act as a key liaison between trading, other support functions and the counterparty
• Trade lifecycle management including T0 validation, fixings, coupon calculations, trigger monitoring, break clause and expiry monitoring
• Ensure accuracy of all components of new and existing trade bookings across multiple systems
• Fully understand the controls required to support the business through inter-system reconciliations
• Strict adherence to internal control and escalation protocol
• Maintain a consistent and robust control environment
• Contribute to continuous process improvements
• Development and testing of in-house systems
• Participate in strategic projects across multiple infrastructures
• Compose and maintain process manuals to ensure accurate and efficient trade support 

WORK EXPERIENCE

Essential:

• Middle Office, Trading Assistant or Product Control experience in flow or exotic derivatives

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential:

• Multi-asset experience supporting flow and exotic derivative products either in a trade support or product control capacity
• A strong understanding of different asset classes particularly rates, credit and FX derivatives and complex booking methodologies
• Good understanding of Confirmations and ISDA documentation
• Strong understanding of the various lifecycle events and associated risks on these products
• Understanding of the ISDA swap definitions
• Good understanding of the regulatory reporting requirements in various jurisdictions
• Familiar with running robust reconciliations and controls
• Understanding of the lifecycle event management on both vanilla and structured products
• Understand the cash flows and dynamics of a banking business such as funding requirements and their importance
• Knowledge of collateral processes, Initial Margin, Variation Margin, general CSA familiarity
• Bachelor or Master’s Degree in a technical or appropriate field of study (Economics, Mathematics, Finance, Engineering, etc.)

PERSONAL REQUIREMENTS

• Strong technical ability – marrying exemplary product knowledge with meticulous attention to detail and analytical skills
• Creates a culture of creativity and innovation – identify ways to improve processes and develop creative solutions
• Excellent communication skills – ability to communicate complex issues in clear and concise terms to a broad audience
• Responsible – highly motivated self-starter who takes ownership of a given process, executes it with due diligence and efficiency
• Problem solving and judgement – proactive, thinks ahead, plans for contingencies, anticipates questions from different perspectives, seeks alternative solutions and delineates clear objectives
• Excellent interpersonal skills – team focus, gives evidence of a strong collaborative working ethic
• Results driven, with a strong sense of accountability
• The ability to operate with urgency and prioritise work accordingly
• A creative and innovative approach to work together with structured and logical reasoning
• The ability to manage large workloads and tight deadlines
• A calm approach, with the ability to perform well in a pressurised environment
• Excellent Microsoft Office skills (Excel, VBA, Access)