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Assistant Vice President, Commodity & Structured Trade Finance

Employer
MUFG
Location
Charing Cross, Central London, United Kingdom
Salary
Competitive Salary
Closing date
May 20, 2022

View more

Job Role
Accounts Assistant
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 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.

MAIN PURPOSE OF THE ROLE Assist with the monitoring of exposures and collateral values to ensure ratios remain within approved limits and sub-limits where applicable. Assist with in the maintenance, creation and set up of all necessary controls and administrative duties [including the operational aspects of the collateral management system 'TRAC'], required for facility and day to day operation.KEY RESPONSIBILITIES
  • Perform reviews of term sheets, credit applications [Ringi's] & facility documentation to ensure workability. This will ensure smooth and efficient deal processing when necessary without unnecessary delays.
  • Creation and maintenance of facilities and limits in TRAC, OVS and databases.
  • Review of client drawdown requests to ensure that transactions are in accordance with the terms of the approved facilities.
  • Primarily provide administrative support for all products related to commodity and non-commodity [CSTF & ETBO] if/when required.
  • Take responsibility for daily liaison with respective stake holders such as clients, relationship, product managers and operational units.
  • Monitoring and control on a daily basis of the exposures handled by the Trade Finance Middle Office under the present facility portfolio.
  • To monitor inward communications and prioritise according to the importance of subject matter with an emphasis on client centricity.
  • Become familiar with individual processes and business flows for each different client. This is an essential function necessary for client experience and knowledge level up to new or additional members joining TFMO.
  • To provide technical and operational assistance to all stakeholders including clients, Relationship Managers, branches and operational units within EMEA.
  • Monitor balances between Bank's accounting system and exposure management tools for all allocated or monitored limits in order to retain an accurate record of exposure.
  • Ensure that reporting obtained from the Jasper system correctly reflects the exposure relative to the facilities under the control and management of TFMO, and that at the appropriate reconciliation periods the control systems [TRAC] are in parallel with the banks accounting system OVS.
WORK EXPERIENCE
  • Minimum four years previous operational experience in a Trade Finance related control environment.
SKILLS AND EXPERIENCEFunctional / Technical Competencies:Essential
  • Previous experience of working within a control function with a Trade Finance focus.
Preferred:
  • Good Excel skills
Education / Qualifications:
  • Minimum GSE (or equivalent) in core academic subjects
  • A Level (or equivalent) preferred
  • Additional language skills advantageous

PERSONAL REQUIREMENTS

  • Excellent communication skills
  • A proactive, motivated approach.
  • The ability to operate with urgency and prioritise work accordingly
  • A structured and logical approach to work
  • Strong problem solving skills
  • A creative and innovative approach to work
  • Excellent attention to detail and accuracy
  • Strong numerical 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.

Summary


  • Location:
    London
  • Type: Full time

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