Assistant Vice President, Derivatives Trade Support

Join to apply for the Assistant Vice President, Derivatives Trade Support role at MUFGJoin to apply for the Assistant Vice President, Derivatives Trade Support role at MUFGDo you want your voice heard and your actions to count?Apply fast, check the full description by scrolling below to find out the full requirements for this role.Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 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.MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia. The group has over 150,000 employees, offering 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 vison 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.MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.Please visit our website for more information - .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.The division has a wide range of responsibilities including oversight of the business and our ability to achieve strategic goals via our change program; interface to the business, customer, branch and agent network; managing the processing lifecycle for trades and transactions from the single touch, single entry items through to the complex, multi-entry trades; providing a shared service/utility function by receiving the output of Transaction Processing and executing the cash and/or clearing of processed transactions; independent control function ensuring Transaction Processing and Clearing & Settlement Services execute appropriate controls to mitigate regulatory and operational risks. Operations also plays an instrumental role in business development and the introduction of new products and markets.MAIN PURPOSE OF THE ROLEThe opportunity is for an enthusiastic and intelligent individual to join the Middle Office Derivatives Trade Support team within Operations, responsible for providing control and support for multiple trading desks. The desks are engaged in pricing and trading of vanilla and structured derivative products across multiple assets classes including rates, equity, commodity, credit and FX.The team provides trader support to facilitate the accurate and timely booking and post execution care of all trades executed. Acting as a vital intermediary between Trading, Sales, Structuring and various back office areas, the Derivatives Trade Support team has a pivotal role in BAU whilst contributing to the planning and development of new product offerings on a regular basis.The successful candidate will spend time learning the day-to-day processes, interactions and many relationships managed by the team, helping to provide continuous development ideas and driving through required improvements. The role will focus on supporting flow derivative products, therefore a very strong understanding of the trading infrastructure, pricing inputs and lifecycle management mechanics of these products is critical. The position will require daily face off to the business, performing real time validation control routines across the platform, and running daily reconciliations to identify discrepancies and ensuring they are fully understood, explained and communicated to relevant stakeholders. A detailed understanding of the front to back process is essential since daily interaction with internal and external stakeholders is required to ensure relevant updates are processed in a timely manner.This is a demanding role which requires the candidate to undertake a multitude of disciplines, and has existing multi-asset derivatives experience in flow products.Key ResponsibilitiesIn 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 controlsLiaising closely with Trading, Sales and Structuring to ensure accurate and timely bookings of tradesAct as a key liaison between trading, other support functions and the counterpartyTrade lifecycle management including T0 validation, fixings, coupon calculations, trigger monitoring, break clause and expiry monitoringEnsure accuracy of all components of new and existing trade bookings across multiple systemsFully understand the controls required to support the business through inter-system reconciliationsStrict adherence to internal control and escalation protocolMaintain a consistent and robust control environmentContribute to continuous process improvementsDevelopment and testing of in-house systemsParticipate in strategic projects across multiple infrastructuresCompose and maintain process manuals to ensure accurate and efficient trade supportWork ExperienceEssential:Middle Office, Trading Assistant or Product Control experience in flow or exotic derivativesPreferred:Track record in implementation of strong control environment and processes streamlining.Skills And ExperienceFunctional / Technical Competencies:EssentialMulti-asset experience supporting flow and exotic derivative products either in a trade support or product control capacityA strong understanding of different asset classes particularly rates, credit and FX derivatives and complex booking methodologiesGood understanding of Confirmations and ISDA documentationStrong understanding of derivative products and payoff features including risk profile analysis.Strong understanding of the various lifecycle events and associated risks on these productsInfrastructure knowledge of electronic trading platforms including MarkitWire, TradeWeb, Bloomberg TOMS, ICE Link, etc.Understanding and experience in clearing mechanics and compression optimizationUnderstand the key elements of the front to back process flow including other infrastructure groups i.e. Market Risk, Credit Risk, Finance, Product Control, Legal, Compliance, etc.Financial Math knowledgeFundamentals of P&L substantiationBasic understanding of the term structure of projection/discount curves and swap pricingAppreciation of the GreeksUnderstanding of the ISDA swap definitionsGood understanding of the regulatory reporting requirements in various jurisdictionsFamiliar with running robust reconciliations and controlsUnderstanding of the lifecycle event management on both vanilla and structured productsUnderstand the cash flows and dynamics of a banking business such as funding requirements and their importanceKnowledge of collateral processes, Initial Margin, Variation Margin, general CSA familiarityAccounting knowledge, ability to identify impacts to P&L and Balance Sheet from trade bookingsPersonal RequirementsExcellent communication skills – ability to communicate complex issues in clear and concise terms to a broad audienceStrong technical ability – marrying exemplary product knowledge with meticulous attention to detail and analytical skillsCreates a culture of creativity and innovation – identify ways to improve processes and develop creative solutionsResponsible – highly motivated self-starter who takes ownership of a given process, executes it with due diligence and efficiencyProblem solving and judgement – proactive, thinks ahead, plans for contingencies, anticipates questions from different perspectives, seeks alternative solutions and delineates clear objectivesExcellent interpersonal skills – team focus, gives evidence of a strong collaborative working ethicResults driven, with a strong sense of accountabilityA proactive, motivated approach.The ability to operate with urgency and prioritise work accordinglyStrong decision making skills, the ability to demonstrate sound judgementA creative and innovative approach to work together with structured and logical reasoningThe ability to manage large workloads and tight deadlinesA calm approach, with the ability to perform well in a pressurised environmentExcellent Microsoft Office skills (Excel, VBA, Access)A confident approach, with the ability to provide clear direction to the teamA strategic approach, with the ability to lead and motivate a teamWe 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. xpwpeyx 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.Seniority levelSeniority levelMid-Senior levelEmployment typeEmployment typeFull-timeJob functionJob functionOtherIndustriesFinancial Services and BankingReferrals increase your chances of interviewing at MUFG by 2xGet notified about new Vice President Support jobs in London, England, United Kingdom.London, England, United Kingdom 18 hours agoFront Office - Private Equity Business AnalystLondon, England, United Kingdom 2 weeks agoL'Oréal Luxe BA Advocacy and Influence Manager, London White CityLondon, England, United Kingdom 2 weeks agoLondon, England, United Kingdom 6 days agoLondon, England, United Kingdom 3 weeks agoLondon, England, United Kingdom 2 days agoMaple Cross, England, United Kingdom 6 days agoLondon, England, United Kingdom 1 week agoLondon, England, United Kingdom 1 day agoLondon, England, United Kingdom 13 hours agoLondon, England, United Kingdom 2 weeks agoLondon, England, United Kingdom 18 hours agoLondon, England, United Kingdom 1 month agoFinance Business Analyst - (Full-time, Permanent) London/BracknellLondon, England, United Kingdom 6 days agoLondon, England, United Kingdom 2 months agoExecutive Assistant to MD International, PV SportsLondon, England, United Kingdom 7 hours agoLondon, England, United Kingdom 1 month agoLondon, England, United Kingdom 2 weeks agoExecutive Assistant – Investor Relations & Trading (London)London, England, United Kingdom 1 week agoBusiness Analyst – Investment Risk (Asset Management)London, England, United Kingdom 4 days agoDigital Banking/Investments Commercial Contracts Lawyer – Associate / Assistant Vice PresidentLondon, England, United Kingdom 3 days agoLondon, England, United Kingdom 5 days agoWe’re unlocking community knowledge in a new way. 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