MUFG Assistant Vice President, Legal Counsel (Sales & Trading Team) in London, United Kingdom
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th 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.
The Legal department provides legal services to and manages the legal risk for MUFG Bank and MUFG Securities (EMEA) and the MUSHD international business (collectively the “ Firm ”).
Members of Legal are dual-hatted across MUFG Bank and MUFG Securities. Dual-hat employees will be expected to be entity neutral across all responsibilities to ensure that services are provided to both entities effective and without favour or detriment to the other entity.
The Legal department’s principal functions are to:
Provide legal services and legal advice to each international securities business and banking businesses
Draft, review and negotiate contractual documentation, whether transactional or non-transactional
Draft notes and other product documentation and arrange for issuance of such notes and products
Draft, review and negotiate ISDA documentation and related trading agreements and lending (syndicated or bilateral, ECA financings, LMA based or bespoke contractual arrangements)
Draft, review and negotiate trade finance credit lines and products, as well as trade finance instruments
Provide legal and execution advice in relation to transactions and new business
Provide transaction management support for securities issues and financing transactions arranged or underwritten by an international securities business
Provide support for internal projects (internal restructurings and/or regulatory driven)
Evaluate legal risk to ensure business is conducted in a lawful and professional manner
Identify and advise on the implementation of new laws and regulations
Provide legal oversight of regulatory matters and government affairs
Manage all disputes, litigation, regulatory proceedings and other contentious matters
Manage and approve all use of law firms
MAIN PURPOSE OF THE ROLE
We have an exciting opportunity for a legal counsel to join MUFG EMEA Legal Department as a permanent member, based in London. This role will be primarily covering hedging / derivatives / repo / securities lending and other trading transactions within our Sales & Trading team.
From time to time, MUFG may ask individuals to develop new areas of practice either where this is required to meet business needs and/or as part of an individual’s career progression.
In this role, the successful candidate will be providing services which cover MUFG’s banking arm and securities business under a dual-hat arrangement. Under this arrangement, the employee will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs them.
Advise on, participate in and implement Firm and International Business transactions, proceedings, actions, projects and initiatives. This includes activity / projects to improve the delivery of legal services to the business and MUFG’s clients (which may include process improvement, onboarding of technology etc).
Provide (a) legal advice, review draft and negotiate documentation and (b) all related and essential transaction management in relation to, but not limited to hedging / derivatives, trading transactions.
Reviewing and drafting derivatives documentation (including ISDA Schedules, CSAs, GMRA / GMSLA / similar trading agreements / Long Form Confirmations and bespoke agreements for FX transaction), netting / enforceability legal opinions, guarantee frameworks.
Providing non-legal support for reporting and information management – e.g. release emails, MAS ID, Indox, MRRAs, Markit Swap Agents matching, billing and invoices, supporting audit enquiries.
Maintaining and updating internal Documentation Manual, standard legal templates, internal policies and procedures.
Downgrade Trigger Management.
Other forms of market standard trading documentation as well as bespoke and market standard. bond, loan, derivative, foreign exchange, index, forward, options and any other type of documents.
Participate in industry forums and working groups.
Participate in working groups and committees of the Firm and the International Business.
Advise and assist business units in the new business process and initiatives.
Provide legal advice and support with respect to strategic, legal and documentation matters and initiatives in relation to banking transactions.
Advise on the legal, regulatory and reputational issues arising in transactions and in the non-transactional aspects of the operation and business activities of the Firm and the International Business.
Participate in industry forums and working groups.
Participate in projects, working groups and committees of the Firm and the International Business.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
A qualified lawyer with a minimum of 2-3 years’ experience in the UK or equivalent jurisdiction, preferably at an in-house legal department or leading law firm with experience in derivatives / global markets flow products.
Experience and familiarity with the ISDA negotiations, netting enforceability issues, Collateral, margin requirements and other regulatory aspects.
Demonstrate commercial awareness of the latest market issues and regulatory changes in the ISDA / Global FX markets.
Ability to build effective and positive client relationships (internal and external) quickly and fully embrace the importance of client service.
Ability to explain complex legal concepts to a non-technical audience.
Ability to speak/read another language is desirable although not essential.
Excellent interpersonal and communication skills, both written & verbal
Keen to learn new areas of practice
The ability to embrace change and new ways of working
Proactive and enthusiastic, with a motivated approach
Pragmatic, curious and commercially minded
Results driven, with a strong sense of accountability
Strong decision making skills, the ability to demonstrate sound judgement
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
The ability to manage large workloads and tight deadlines
Excellent attention to detail and accuracy
A diverse and inclusive cultural vision.
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.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute