MUFG Inflation Trader - VP, Rates trading Group 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.
Overview of the Department/Section
Our highly-experienced sales and trading teams cover credit, rates, equities, and structured products, backed by cutting-edge insight and analysis. We operate across global platforms, taking advantage of MUFG's international scale, reputation, and financial strength.
Number of Direct Reports
Main Purpose of the Role
- Dealing Mandates:
Permitted Trader on the following:
Rates trading EMEA Dealing Mandate
Desk Business Mandate:
Lead MUSE’s Inflation activities and ensure transactions are effectively priced with all appropriate charges
Develop appropriate pricing and valuation models for Inflation pricing and risk management.
You will contribute to this mandate with regard to the following:
Deliver and grow a sustainable, client-focused, flow-oriented, primary and secondary business.
Maximise profitability from leveraging and enhancing the Group’s customer franchise.
Work in partnership with Sales, Trading and Research in MUS International to deliver products that meet the needs of our clients.
Co-work with the relevant teams in other Group entities to advance the business globally.
In all activities, protect and enhance the firm’s, and the Group’s, reputation.
Working in partnership with other parts of the Group to deliver franchise and business growth.
Expand the size and diversity of the client-base.
Proactively create trade ideas and new business proposals which meet our client’s needs.
Anticipate and meet enquiries (both electronic and voice) from our clients with competitive pricing and appropriately structured solutions.
Clearly explain the risks and rewards of our products to our clients, and provide our clients with all the information they need to make an informed judgement about transactions.
Promote product placement across a wide range of client types (including Corporates, Asset Managers, Pension Funds, Insurance companies, Hedge Funds and Private Banks worldwide).
Promote and implement electronic trading capabilities as required by the trading desks.
Promote appropriate cross-market sales opportunities, including providing the Trading and Capital Markets groups with insight into customer flow and potential product demand.
Trading & Risk Management
Price accurately all new transactions and all risk positions including through the use and continued development of market leading pricing and hedging methodologies.
Manage all relevant risks (including, but not limited to, market, credit, operational, conduct and xVA risks) within the firm’s risk appetite including through the use and continued development of market-leading risk management models and monitoring tools.
React to client enquiries in a risk-sensitive manner, ensuring proposed solutions are appropriate for the client and meet the requirements of best execution.
Conduct business in line with regulatory requirements (including Volcker, EMIR and MIFID).
Provide advice and risk management expertise to business heads on matters related to portfolio and risk management
Work in partnership with the regional teams to support with collateral and transaction management, pre-trade analysis and trade monitoring
Work closely with internal risk, planning and support departments (including at MUFG, MUSHD level) to support business activity
Specifically, you will be responsible for the following specific duties, including inter alia:
Ensure that you (i) understand your responsibilities and duties applicable to your role, (ii) comply with the Firm’s policies and procedures and (iii) conduct yourself in a way which is commensurate with the Firm’s values;
Contributing to the Company’s revenue target and to enhancing the worldwide franchise of MUFG;
Perform your duties within the parameters as prescribed in the Dealing Mandate as set out above;
Maintaining and enhancing good working relationships with stakeholders, including business and control / infrastructure teams globally;
Managing and developing relationships with clients (where applicable) with a view to expand the Department/Unit/International Business enhancing the franchise of MUFG;
- 5+ years market-making GBP inflation products to corporates and FIs
- EUR inflation products market-making
Skills and Experience
Functional / Technical Competencies:
Knowledge of financial market and instruments including derivatives, experience working in client facing environment
Proficient MS Excel skills, Bloomberg/eTrading systems, analytical and good communicator
- Ability to code
Education / Qualifications:
- University degree, FCA certification
- Masters degree
Excellent communication skills
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
Strong problem solving skills
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
Strong numerical skills
Excellent Microsoft Office skills
A confident approach, with the ability to provide clear direction to your team
Excellent managerial/leadership experience
The ability to lead a high performing team
A strategic approach, with the ability to lead and motivate your team
The ability to articulate and implement the vision/strategy for the Inflation product
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