Assistant Vice President, Collateral 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 150,000 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.

The Operations division is core to all of MUFG business activities. Comprising of c.100 employees across London, New York and Hong Kong, the function consists of Middle Office, Settlements, Collateral Management and Operational Control, covering a diverse product range including Equities, Fixed Income, Derivatives and Futures. The division is responsible for processing and settling every trade booking and ensuring cash flow and margins are managed while meeting wide-ranging regulations.

The Collateral Management area is responsible for the management of the division’s collateral across OTC, Fixed Income and Stock Borrow Lending efficiently and accurately.

MAIN PURPOSE OF THE ROLE

We have an exciting opportunity for an experienced AVP to work within our Collateral Management department. The candidate will be responsible for processing the Margin Exposure across all asset classes (OTC non and cleared, Repo and SBL) by calling counterparts where MUFG is exposed and meeting counterparts calls on MUFG in line with MUFG valuations. This role will initially be specific cover for Repo and cleared margin with the opportunity to gain exposure in the OTC and Securities Lending margin space as well.

KEY RESPONSIBILITIES

• Strong skill-set to support agreement and processing of margin of all daily Variation/Initial OTC Margin calls in accordance to the CSA/GMRA/GMSLA/CDEA agreements.
• Regular communication with the treasury desk to ensure that collateral posted is in line with their cheapest to deliver policies.
• Approval of collateral bookings and understanding the cost associated with the optimization of any outflow, based on eligibility criteria.
• Ensure that all margin bookings are accurate and settle as agreed within currency/settlement cut-offs.
• Dispute/exposure reporting to senior Management, risk and the business and the ability to explain issues to all levels.
• Maintain a robust control environment by proactive regular review of controls, raising Self-Identified Issues where required, and driving issues to closure.
• Provide guidance and support to team members including Vendor ensuring interaction is effective.
• Promote an inclusive, positive culture and way of working across teams.

WORK EXPERIENCE

Essential

• A solid understanding of the legal documentation and key terms within the ISDA CSA, GMRA, GMSLA agreement.
• Understanding the life-cycle of trade processing/handling across derivative swap products.
• A sound understanding of the current regulatory framework i.e. Uncleared Margin Rules.
• Working knowledge of REPO and OTC Derivatives products.
• Previous knowledge and experience of using the TriResolve reconciliation and Acadiasoft platforms.

Preferred:

• Exposure to mark reviews to validate trader marks to external pricing sources.
• Experience of working with LCH Repoclear and Eurex Repo.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

• Strong Microsoft skills i.e. Word and Excel.
• Strong communication skills, written, oral and listening.
• Excellent understanding of Operational Risk and Control.
• Good working knowledge of the regulatory environment and upcoming changes.

Education / Qualifications:

Degree qualified or equivalent.

PERSONAL REQUIREMENTS

• Excellent communication skills.
• Results driven, with a strong sense of accountability.
• A proactive, motivated approach.
• Strong decision making skills, the ability to demonstrate sound judgement.
• Excellent attention to detail and accuracy.

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.