MUFG Union Bank Jobs

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.

Specifically, you have accountability for the following named department:

• Credit Trading Group

ROLES, SCOPE and REPORTING STRUCTURE

• Authority from, and Reporting to: Head of Credit Trading

KEY RESPONSIBILITIES

Specifically, you will be accountable and responsible for taking appropriate action with respect to the Company and MUS(EMEA), Credit, Credit Trading Group department, including:

1) Planning, Strategy Development and Execution [Trader]

You will be responsible for contributing to the successful execution of departmental strategy - in line with the regional business objectives, international business objectives and entity requirements. Specifically this will include the following:

• responsible and accountable for ensuring that your day-to-day activities (including, where applicable, those of your direct reports) are aligned to the overall departmental business strategy for your product / domain – this includes meeting/exceeding the official minimum financial and non-financial targets

• responsible and accountable for adhering to your departmental mandates

• responsible and accountable for managing and monitoring your applicable books risks and associated controls to control the Firm’s exposure within predefined limits prescribed by Risk Management and established by the Firm’s Risk Management Committee;

• responsible and accountable for adhering to the Trader Charter

• responsible and accountable for conducting business in line with internal policies and procedures as well as regulatory requirements

• responsible for maintaining and enhancing good working relationships between the relevant Credit Trading Group department and stakeholders, including business and control / infrastructure teams globally;

• responsible for contributing to the effective management of direct budget expenditures where required

• responsible for working in partnership with broader GM, GCIB and JCIB teams to develop the business globally, within the regulatory and legal framework.

2) Risk Management

As a member of the Credit Trading Group department /Credit, you will be responsible for identifying, monitoring and taking and taking actions (incl. escalations where applicable) further to your delegated authority in respect of, the risk being run across your product / domain. You will be:

• responsible for pricing accurately all new transactions and all risk positions in accordance to our market policies; including through the use and continued development of market-leading pricing and hedging methodologies

• responsible for the management of all relevant risks (including, but not limited to, market, credit, operational, conduct and xVA risks applicable to your product/domain) within the Firm’s risk appetite and limit frameworks; including through the use and continued development of market-leading risk management models and monitoring tools. Specifically you will be accountable and responsible for ensuring compliance within approved risk limits for your Credit Trading Group department /Credit,

• responsible for ensuring that you conduct business in line with regulatory requirements (including but not limited to Volcker, EMIR and MIFID).

• responsible and accountable for the escalation of issues identified in the ordinary course of your business. This includes, but is not limited to issues relating to risk management, regulatory risk compliance and operational risks

• responsible for protecting and enhancing the Firm’s, and the Group’s, reputation in all activities

3) Franchise Development (where applicable)

• responsible for delivering and growing a sustainable, client-focussed, flow-oriented, business

• responsible for maximising profitability from leveraging and enhancing the Group’s customer franchise.

• responsible for working in partnership with Sales, Trading and Research in MUS International to deliver products that meet the needs of our clients.

• Responsible for working in partnership with other parts of the Group to deliver franchise and business growth within our regulatory and legal framework.

4) Controls and Compliance

You are responsible for ensuring the Company’s compliance with internal risk and compliance requirements, controls and procedures, including but not limited to:

• Responsible personally, following all relevant policies and procedures.

5) Relationship with other functions and stakeholders

• Maintain and enhance good working relationships with stakeholders, across the region and globally to share best practices, provide support and develop effective local policies and procedures appropriate to the Company, and working in support of the One MUFG and overall Group strategy.

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

• The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.

• The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.

• The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.

• Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.

• The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

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

• Client Centric

• People Focused

• Listen Up. Speak Up.

• Innovate & Simplify

• Own & Execute