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MUFG Director, Equity Index Trader 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 7th largest financial group in the world. 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

International Equity Derivatives team focused on Equity Financing, Volatility and bespoke Derivatives Solutions.

NUMBER OF DIRECT REPORTS

None

MAIN PURPOSE OF THE ROLE

  • Trading role with a main focus on the pricing, structuring and execution of index equity derivatives strategies.

  • Accurately pricing and hedging risk for equity index derivatives, including total return futures

  • Accurately pricing structuring and hedging dividend future strategies

  • Underlying coverage including European, North American and Japanese index financing strategies.

  • Key focus on developing desk tools, managing and improving P&L and internal reporting processes

  • Track record of building business infrastructure, managing and mitigating key operational trading risks.

  • Daily support and integration with stock loan REPO trading teams, familiarity with index replication and tracking techniques.

  • Good cultural fit essential as working in a small trading team with a broad mandate trading a global book so candidate needs to be proactive, resilient and collegiate.

  • Technically proficient with a good understanding of the technical aspects of a bespoke global delta one equity derivatives book including pertinent regulatory, operational and tax considerations.

KEY RESPONSIBILITIES

  • Pricing and development of equity Index strategies.

  • Efficient risk management of all lifecycle events with a focus on corporate actions and rebalances.

  • Support and collaborate on TRS/SBL financing strategies.

  • Oversee operational elements of the book for both swaps and futures, liaising closely with middle and back office to resolve any issues and implement process and platform enhancements

  • Liaise closely with support functions (Compliance/Finance/Risk) on position reporting and analysis

WORK EXPERIENCE

Essential:

  • Relevant experience trading in equity index and equity Delta One.

  • Working knowledge of equity TRS, equity futures trading and dividend futures strategies.

  • Track record of developing desk tools and building a new trading businesses.

  • Current working knowledge of latest industry initiatives

Preferred:

  • Working knowledge of TRS financing strategies

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

  • Proficiency in all aspects of trading index derivatives financing strategies from execution though all lifecycle events

  • Entrepreneurial problem-solving mindset, able to self-generate flows

  • Technical proficiency in use of trading platforms e.g. Bbg/Apex/Murex

Preferred

  • Proficiency in relevant programming languages

Education / Qualifications:

Essential

  • Regulatory (FCA) Certification

Preferred

  • Further professional qualifications (Masters/CFA/CQF) an advantage

PERSONAL REQUIREMENTS

  • Excellent interpersonal and communication skills, collegiate attitude

  • Self-motivated and entrepreneurial outlook

  • Strong decision making skills with a structured and logical approach to work

  • The ability to operate with urgency, manage large workloads, tight deadlines, and prioritize accordingly

  • Strong numerical and problem solving skills

  • Excellent attention to detail and accuracy, results driven with a strong sense of accountability

  • Excellent Microsoft Office skills

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

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