Equity Derivatives Trader

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Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. Across the globe, we’re 180,000 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.

Overview of the Department/Section

International Equity Derivatives team focused on Volatility and bespoke Derivatives Solutions.

Main Purpose of the Role
- Trading role mainly focused on pricing/hedging of equity structured products and light-exotics and managing associated dynamic volatility/correlation book, along with providing support to the Delta one platform.
- Well-rounded with strong awareness of all aspects of the trading mandate including pertinent regulatory and operational aspects.
- Technically proficient, good quantitative degree with a good understanding of both the technical aspects of an exotics portfolio and the dynamics of relevant volatility markets.

Key Responsibilities
- Pricing and hedging of equity linked-structured products with emphasis on efficient hedge design and execution
- Efficient risk management of dynamic Index/Single-Stock volatility and correlation book
- Oversee operational elements of the book liaising closely with middle and back office to resolve any issues and implement process and platform enhancements
- Develop and maintain desk tool-suite to enhance position management and marking, working closely with the Quants teams
- Liaise closely with support functions (Finance/Risk) on position reporting and analysis

Work Experience

Essential
- 1-5y experience trading volatility products, ideally with structured products focus
- Current working knowledge of latest industry initiatives impacting equity derivatives (e.g. MIFID II, FRTB, IBOR decommissioning)

Preferred
- Experience in development and maintenance of desk models and tools
- Experience directing wider infrastructure initiatives/projects

Skills and Experience
- Functional / Technical Competencies_

Essential
- Proficiency in all aspects of trading volatility positions from execution though to trade lifecycle
- Quantitative, problem-solving mindset
- Technical proficiency in use of trading platforms e.g. Bbg/Markitwire/ICE/Citifox

Preferred
- Proficiency in relevant programming languages e.g. Python / Matlab / R
- Education / Qualifications_

Essential
- Quantitative degree from top-tier institution
- Regulatory (FCA) Certification

Preferred
- Further professional qualifications (Masters/CFA/CQF) an advantage
- Additional language skills e.g. Japanese could be an advantage

Personal Requirements
- Excellent interpersonal and communication skills, collegiate attitude
- Strong decision making skills, with the ability to perform well in a pressurised environment
- The ability to operate with urgency, manage large workloads, tight deadlines, and prioritise accordingly
- Strong numerical and problem solving skills, with a structured and logical approach to work
- Excellent attention to detail and accuracy, results driven with a strong sense of accountability
- Excellent Microsoft Office skills

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.