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Vice President, Structured Trader

Employer
MUFG
Location
Borough, South East London, United Kingdom
Salary
Competitive Salary
Closing date
Feb 13, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th 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.

Specifically, you have accountability for the following named department:
  • Structured Trading Group

KEY RESPONSIBILITIES

Specifically, you will be accountable and responsible for taking appropriate action with respect to the Company and Structured Trading Group department, including:

1) Planning, Strategy Development and Execution [Trader]

You will be responsible for contributing to the successful execution of departmental strategy - in line with the regional business objectives, international business objectives and entity requirements. Specifically this will include the following:
  • responsible and accountable for ensuring that your day-to-day activities (including, where applicable, those of your direct reports) are aligned to the overall departmental business strategy for your product / domain - this includes meeting/exceeding the official minimum financial and non-financial targets
  • responsible and accountable for adhering to your departmental mandates
  • responsible(Where applicable) responsible for leading, directing and managing staff within your team to ensure that they (i) understand their responsibilities and duties applicable to their roles, (ii) comply with the Firm's policies and procedures and (iii) conduct themselves in a way which is commensurate with the Firm's values;
  • responsible and accountable for managing and monitoring your applicable books risks and associated controls to control the Firm's exposure within predefined limits prescribed by Risk Management and established by the Firm's Risk Management Committee;
  • responsible and accountable for adhering to the Trader Charter
  • responsible and accountable for conducting business in line with internal policies and procedures as well as regulatory requirements
  • responsible for maintaining and enhancing good working relationships between Structured Trading Group and stakeholders, including business and control / infrastructure teams globally;
  • responsible for contributing to the effective management of direct budget expenditures where required
  • responsible for working in partnership with broader GM, GCIB and JCIB teams to develop the business globally
  • responsible for pricing, trading with clients and managing risks for structured products
  • responsible for achieving assigned profit and loss target
  • responsible for enhancing relationship with Mitsubishi UFJ Morgan Stanley Securities on structured trading business

2) Risk Management

As a member of the Structured Trading Group, you will be responsible for identifying, monitoring and taking actions (incl. escalations where applicable) further to your delegated authority in respect of, the risk being run across your product / domain. You will be:
  • responsible for pricing accurately all new transactions and all risk positions; including through the use and continued development of market-leading pricing and hedging methodologies
  • responsible for the management of all relevant risks (including, but not limited to, market, credit, operational, conduct and xVA risks applicable to your product/domain) within the Firm's risk appetite; including through the use and continued development of market-leading risk management models and monitoring tools. Specifically you will be accountable and responsible for ensuring compliance within approved risk limits for your Structured Trading Group,
  • responsible for ensuring that you conduct business in line with regulatory requirements (including but not limited to Volcker, EMIR and MIFID).
  • responsible and accountable for the escalation of issues identified in the ordinary course of your business. This includes, but is not limited to issues relating to risk management, regulatory risk compliance and operational risks
  • responsible for protecting and enhancing the Firm's, and the Group's, reputation in all activities

3) Franchise Development (where applicable)
  • responsible for delivering and growing a sustainable, client-focussed, flow-oriented, business
  • responsible for maximising profitability from leveraging and enhancing the Group's customer franchise.
  • responsible for working in partnership with Sales, Trading and Research in MUS International to deliver products that meet the needs of our clients.
  • Responsible for working in partnership with other parts of the Group to deliver franchise and business growth

The above are the minimum guidelines as to how the JD should be populated, please insert specific responsibilities in relation to your own product/domain in conjunction with the business strategy.

4) Controls and Compliance

You are responsible for ensuring the Company's compliance with internal risk and compliance requirements, controls and procedures, including but not limited to:
  • personally, following all relevant policies and procedures, and ensuring those in your teams also follow policy and procedures.
  • (Where applicable) responsible for leading, directing and managing the staff within your team to ensure that they (i) understand their responsibilities and duties applicable to their roles, (ii) comply with the Firm's policies and procedures and (iii) conduct themselves in a way which is commensurate with the Firm's values;

5) People (If applicable)

You will manage and/or contribute to the following matters, appropriate for above departments, in conjunction with your unit head:
  • authority for building (via recruitment, restructuring and internal development) a team of high-quality professionals that will achieve the objectives of your product/domain, the business unit, international platform and the broader MUFG Group to leverage the strategic advantages;
  • accountable for ensuring that all staff in your remit are fully trained and understand what is required of them in order to do their jobs effectively, including ensuring that s, objectives/personal development and performance reviews are provided for all staff at least once a year in accordance with Human Resources requirements, continually monitoring their competency in order to meet the requirements of the relevant regulator's training and competency regime, handling appropriately any grievance or disciplinary issues; and
  • accountable for ensuring that any responsibilities that you have delegated to other staff, including those in respect of regulatory obligations (where applicable), are appropriately apportioned and controlled and documented. Ensure that the staff in question have a clear understanding of these duties so as to ensure that the business and affairs of the] function can be adequately monitored and controlled

6) Relationship with other functions and stakeholders
  • Maintain and enhance good working relationships with stakeholders, across the region and globally to share best practices, provide support and develop effective local policies and procedures appropriate to the Company, and working in support of the One MUFG and overall Group strategy.

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity's performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST
  • The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
  • The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
  • The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
  • Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
  • The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

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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