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Assistant Vice President, Derivatives Trade Support Specialist

MUFG
London, United Kingdom
Posted 4 months ago Permanent Competitive
N
Posted by
Nicola Cooper
Recruiter
The Operations division is core to all of MUFG’s business activities. With employees based in London, New York and Hong Kong, the function consists of five pillars Middle Office, Business Management, Transaction Processing, Clearing and Settlement, and Operational Control. A diverse product range is covered including Equities, FX, Fixed Income, and Derivatives.

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)
Job ID  10049524
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