Assistant Vice President, Collateral Management

4 days ago


London, United Kingdom MUFG Full time

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we’re 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

Mitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG has a global network with 1,100 offices in over 40 countries. The Group has over 140,000 employees, offering services including corporate banking, commercial banking, retail banking, wealth management, investment banking, capital markets, personal and corporate trust, and transaction banking.

The Group’s operating companies include Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms.

MUFG conducts securities business internationally through its overseas subsidiaries MUFG Securities EMEA plc, MUFG Securities Americas Inc., MUFG Securities Asia Limited. And MUFG Securities Asia (Singapore) Limited. With each member of the group working in partnership with one another, MUFG provides best in class service and products to corporate and institutional clients.

MUFG Securities EMEA plc is the European hub of MUFG’s securities business. Headquartered in London we have just over 600 employees and are active throughout the international capital markets, focusing on debt, equity, derivatives and structured products. Due to the diverse nature of our business we require a clear unifying vision for all of our people. It is this vision and our corporate values that reflect who we are and guide how we behave. We therefore strive to recruit individuals who share our vision and values, and who have the motivation and commitment to help us move our business forward.

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 flow 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.

MAIN PURPOSE OF THE ROLE
- Ensure all margin bookings are correctly reflected in key systems (TLM, 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.

KEY RESPONSIBILITIES
- Strong skill-set to support agreement and processing of margin of all daily VM and IM OTC Margin calls in accordance to the CSA agreements.
- Regular communication with the treasury desk to ensure that collateral posted is in line with their cheapest to deliver policies.
- Booking of collateral and understanding the cost associated with the optimization of any outflow, based on eligibility criteria.
- Monthly settlement of interest on cash variation margin posted and received.
- Ensure that all margin bookings are accurate and settle as agreed within currency/settlement cut-offs
- Dispute/exposure reporting to senior Management, risk and the business and the ability to explain issues to all levels
- High level of client service around incoming query management
- To ensure that desk procedures are kept up to date and that improvements are made when necessary in an effort to improve efficiency and reduce manual touch points
- To liaise with traders, Legal, other support areas and counterparties, and strive to ensure maximum internal and external client satisfaction
- Maintain a robust control environment by way of regular review of controls, raising Sel


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