Assistant Vice President, Network Manager Assistant Vice President, Network Manager …

MUFG
in London, United Kingdom
Permanent, Full time
Last application, 23 Oct 21
Competitive
MUFG
in London, United Kingdom
Permanent, Full time
Last application, 23 Oct 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.

 

Markets and Securities is part of the Operations Office for EMEA that supports MUFG’s core products and services including Banking (commercial/retail based payments, loans, derivatives, trade finance) and Securities (Derivatives, FX, Fixed Income, Equity etc.).  The role of Operations Network Management is to manage the interaction between Operations, MUFG’s internal clients  (Front Office, Trading Desks etc.) and MUFG external Agent network (cash, custodian etc.) and also has close ties with other support areas such as Finance, Legal, Compliance and Risk.

 

NUMBER OF DIRECT REPORTS

0

 

MAIN PURPOSE OF THE ROLE 

The Network Management team is in a pivotal position within MUFG Securities and MUFG Bank as it is responsible for managing all Cash, Custody, Clearing and Execution relationships such as Nostro agents, Custodians,  Clearing Houses, Brokers, E-platforms and Exchanges.

In this role, you will be responsible for supporting the Network Management team 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, subject to the same remit and level of authority, and irrespective of the entity which employs you.

The main purpose of the role is to support the Network Management team in on/off boarding new Agent relationships, assisting on all relationship management aspects including issue management, escalations, fee reviews and due diligence reviews, whilst also supporting Management with adhoc requests.  The role will be relationship focused and will also involve a large degree of analysis, monitoring and change work in order to ensure MUFG makes the most of all our external relationships.

 

KEY RESPONSIBILITIES

 

The role will include the following primary responsibilities:

  • Co-ordination of new relationship documentation – including legal agreements and account opening documentation
  • Ongoing reviews of agent bank providers as directed from your Line Manager. This will include various due diligence procedures such as annual due diligence questionnaires, contract reviews  and arranging periodical service review meetings
  • Proactively assist  with incoming queries whilst ensuring all issues are resolved in a timely manner
  • Assisting in the creation and production of Network Management MIS
  • Understand process flows to be to be able to identify workflow and operational efficiencies
  • Assisting on regulatory and change projects such as UMR and CSDR
  • Assisting with the day to day management of the Cash and Custody Invoicing and Recharging process
  • Build relationships throughout MUFG to establish a peer network, gather relevant information and help to ensure effective inter-departmental collaboration
  • Adherence to global standards of information storage and dissemination

 

 

WORK EXPERIENCE

The role will include the following primary responsibilities:

  • Previous Network Management experience is essential
  • Good understanding of Operations Front to Back
  • Experience in another Operational role such as Settlements, Collateral, Trade Support, Ops Project Management would be beneficial
  • Experience in helping on projects and initiatives
  • Experience  in managing   Cash and Custody relationships
  • Experience in Derivatives clearing  would be advantageous
  • Previous experience within a top tier Broker-Dealer preferable but not essential


SKILLS AND EXPERIENCE

Functional / Technical Competencies:

  • Ability to independently manage multiple deliverables at any one time
  • Strong Microsoft skills i.e. Word and Excel (intermediate level and above)
  • Excellent communication skills, written, oral and listening
  • Quick learner and able translate complex matters to all areas of the firm
  • Ability to represent the firm with external counterparts
  • Ability to liaise with business stakeholders at all levels of the organisation 
  • Strong analytical skills
  • A good understanding of Financial Markets in general

 

 Education / Qualifications:

  • Degree or equivalent preferred 

 

 

PERSONAL REQUIREMENTS

  • Excellent Microsoft Office skills
  • Excellent communication skills
  • Results driven, with a strong sense of accountability
  • A proactive, motivated approach
  • A structured and logical approach to work
  • Strong problem solving skills
  • A creative and innovative approach to work
  • Excellent interpersonal skills
  • The ability to manage large workloads and tight deadlines
  • Excellent attention to detail and accuracy
  • A calm approach, with the ability to perform well in a pressurised environment
  • Confident manner when dealing with senior stakeholders.

 

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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