Vice President, Liquidity Risk Management

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

OVERVIEW OF THE DEPARTMENT/SECTION

The Liquidity Risk team is part of the broader Market and Liquidity Risk Management department and represents the firm’s second line of defence to monitor adherence to the firm’s market risk appetite.

MAIN PURPOSE OF THE ROLE

Specifically, you have accountability for supporting the Head of Liquidity Risk for MUS(EMEA) and MUFG London Branch for Liquidity Risk Management for both entities.

KEY RESPONSIBILITIES

• Work closely with the Treasury, Front Office and support departments to establish new business activities and products and ensure key risk issues are highlighted and addressed in the trade approval process.
• Provide challenge and review to first line functions as per the conventional responsibilities expected of those within a second line control function.
• Ensure that adequate limits and risk framework are in place aligning with the firm’s overall risk appetite and mandates, that risk positions are well managed within the established limits and limit breaches are appropriately escalated.
• Providing accurate management information to facilitate better business decisions.
• Maintain oversight over the quality of risk information in reports produced by the reporting team.
• Engaging where appropriate relevant compliance/control processes and initiatives, e.g. Operational Risk, Internal Audits etc.
• Engaging as a stakeholder where appropriate in the risk projects and ensuring that this reflects business and functional needs.
• Keeping up to date with all regulatory liquidity requirements (local and Overseas) and assist with compliance on an on-going basis.
• Monitor internal and external funding and liquidity metrics produced by the 1LoD to ensure that they remain within risk appetite and movements are explained and breaches are escalated to senior management / the regulator in a timely manner.
• Review and challenge assumptions applied in liquidity metric calculations (e.g. MCO, LCR, NSFR, ALMM).
• Review regulatory and industry updates (PRA consultation papers / statements of policy / EBA Q&As etc.) and opine on Treasury’s interpretation of the guidance.
• Review and challenge 1LoD owned policies (e.g. ILAAP, Regulatory Reporting Policy, FTP Policy, Contingency Funding Plan (CFP), Funding and Liquidity Risk Policy etc.).
• Participate in the annual CFP test.
• Review, challenge and approval of liquidity risk appetite (including limits).
• Review and challenge EWI triggers and daily monitoring of Treasury/Finance produced metrics.
• Management of MUFG London Branch’s internal liquidity risk stress-tests and gap metrics ensuring the accuracy and timeliness of information for the purposes of stress-testing and gap monitoring.
• Responsibility for monitoring of liquidity risk for internal risk management.
• Escalation of any vulnerability to Head of Liquidity Risk.
• Monitoring of liquidity profile relative to liquidity metrics both local and Head Office.
• Review and challenge EWI triggers.
• Involvement in the annual CFP test.

Relationship with other functions and stakeholders

The role holder will manage the following matters, appropriate for LRM, and is responsible for maintaining and enhancing good working relationships with stakeholders, including business and control / infrastructure teams globally. Working in partnership with Risk specialists across the region and globally to share best practice, provide support and develop effective risk policies appropriate to EMEA. Interacting with Regulators, Inspectors and Internal and External Auditors on matters pertaining to the remit of the head of liquidity risk where necessary.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

• Essential Experience with liquidity risk management for broker/dealer entities.
• Thorough understanding of regulatory metrics and calculation methods and assumptions.
• Demonstrated ability to develop, review and maintain internal stress testing models.
• Excellent understanding of capital markets and products.

Education / Qualifications:

Preferred At least a 2:1 Degree or equivalent in a numerical / science based subject.

PERSONAL REQUIREMENTS

The structure in the team is flat, and the successful candidate will be expected to engage with key stakeholders across the firm. In addition to the technical skills outlined above, the candidate is expected to demonstrate strong communication skills and an ability to operate with urgency and prioritize work accordingly. 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.