Assistant Vice President, Settlements (m|f|x) in London

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.

The EMEA Operations department supports MUFG's core products and services including Banking (commercial/retail based payments, loans, derivatives, trade finance) and Securities (Derivatives, FX, Fixed Income, Equity etc). The role of Operations is to manage the interaction between Operations and MUFG's internal clients (Front Office, Trading Desks etc) and has close ties with other support areas such as Legal, Compliance, Risk etc.

MAIN PURPOSE OF THE ROLE

The Fixed Income and Equity Trade Processing team provide support to MUFG EMEA Sales and Trading groups, facilitating accurate and timely settlement and providing pre‐trade support. The team acts as an important link between the Front Office, the market, customers and various back office areas and is key to ensuring transactions are correctly matched and risk accessed.

In addition, the role demands high level external client focus in order to efficiently satisfy their diverse range of requirements and provide a service which out performs our immediate competitors. The role demands flexibility between tasks, attention to detail and the ability to perform a diverse multitude of pre-execution tasks to support our internal and external client needs and requires strong Fixed Income and Equity experience and a clear understanding of front to back transaction trade flows and the associated controls (i.e. reconciliations).

Daily BAU Processing Responsibilities

• Transaction Monitoring & Settlement: Ensure accurate and timely monitoring of front‐to‐back transaction flows and settlement across a wide range of Fixed Income and Equity products.
• Triparty Settlements Oversight: Support the end‐to‐end processing, instruction, and risk management of Triparty settlements.
• Reconciliation & Break Resolution: Investigate and resolve reconciliation breaks and unmatched trades.
• Inbox Management & Stakeholder Communication: Monitor and manage team mailboxes daily, ensuring all queries are thoroughly investigated and resolved promptly.
• Outsourced Team Oversight: Oversee and support the performance, communication, and control standards of outsourced partners.
• Market Borrow Monitoring: Oversee the processing, reporting, and resolution of all market borrow positions.
• Pair-Off & Partial Settlements: Identify and execute pair‐off or partial settlement opportunities with counterparties.
• Process Improvement & Risk Mitigation: Continuously review and enhance operational processes and procedures.
• Control & Compliance: Ensure all activities within the Transaction Processing team are executed in accordance with documented Standard Operating Procedures.
• Subject Matter Expertise & Support: Act as a product specialist, providing subject matter expertise and day‐to‐day support.
• Cross‐Training & Knowledge Sharing: Fully engage in the department's cross‐training initiatives.
• Leadership & Team Culture: Serve as a role model within the team, demonstrating professionalism, accountability, and a strong work ethic.
• Strategic Input & Collaboration: Participate actively in senior staff meetings, contributing insights and recommendations.

Work Experience

• Strong Product knowledge and F2B Process understanding of Investment Banking flows.
• Extensive Settlements, Triparty and Reconciliation experience.
• Demonstrable stakeholder management skills.

Skills And Experience

• Operational Process Knowledge: Strong understanding of end‐to‐end operational process flows across financial products and markets.
• Technical Proficiency: Advanced skills in Microsoft Excel and Word.
• Communication Skills: Excellent written and verbal communication abilities.
• Stakeholder Management: Proven ability to manage relationships with internal and external stakeholders.
• Analytical Thinking: Technical mindset with a focus on investigating and resolving complex issues.

Personal Requirements

• Results driven, with a strong sense of accountability.
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly.
• Strong decision making skills, the ability to demonstrate sound judgement.
• A structured and logical approach to work.
• A creative and innovative approach to work.
• Excellent interpersonal skills.
• The ability to manage large workloads and tight deadlines.
• Excellent attention to detail and accuracy.
• A calm approach, with the ability to perform well in a pressurised environment.