Job Information
MUFG Vice President, Asian Rates and FX Trading 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 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.
MUFG's expertise as a foreign exchange (FX) provider covers all major currencies and markets with a real focus on Asian currencies. We offer comprehensive trading services, as well as bespoke Foreign Exchange risk management solutions for a wide variety of situations. We focus on building high-quality, long-term relationships with our clients, who benefit from our excellent credit rating and liquidity position. This is underpinned by MUFG's global network that covers 50 countries. We enjoy market dominance in Asian currency trading. By joining the emerging market FX voice trading team you will be joining a dynamic team which is expected to see strong revenue growth through the next medium term business plan. You will be working closely with MUFG’s sales representatives to provide often bespoke trading solutions, to corporate, institutional, central bank, and government clients
Number of Direct Reports
- None
Main Purpose of the Role
To be part of the founding resources in building the EM rates trading business for the EMEA region.
To be a key participant in pushing our Asian Powerhouse Strategy for the EMEA region.
To serve the needs of MUFG’s EMGD client base with their Asian (EM) rates exposures.
To price and risk managed all customer flows during European timezone in Asian rates products.
To accumulate market making revenue.
To monitor positions of the global rates EM desk and make sure desk is within credit and market limits.
To be a conduit between London and other global trading desks.
Key Responsibilities
Support salesforce in providing solutions for their EM Rates exposures.
React to client enquiries ensuring proposed solutions are appropriate for the client and meet the requirements of best execution.
To provide a competitive market making service to MUFG’s EMGD client base.
To trade and accumulate market making revenue particular in Asian rates.
To price accurately all new pricing requests through voice channel.
To monitor all electronic delivery channels to ensure pricing streams are accurate.
To provide trade ideas and alpha generation in rates products especially Asian and EM related.
To provide market commentary and updates both internally and externally on emerging markets.
To monitor market and credit limits for the desk.
Conduct business in line with regulatory requirements.
To support desk head with any specific requests.
Work Experience
Essential:
Direct front office global markets experience to Asian rates products.
Proven track record of marketing and pricing rates products especially Asian related.
Proven ability to work in a pressurized work environment.
Preferred:
Market making in one of KRW/IDR/INR or TWD offshore rates.
Some experience in EMFX pricing and risk managing.
Experience in trading both onshore and offshore Asian markets.
Exposure to EM Institutional investors.
Skills and Experience
Functional / Technical Competencies:
Essential
Passion for trading, particularly in FX or emerging markets space.
A strong understanding of FX markets especially the emerging market macro landscape.
Experience in VBA / Excel pricing sheets.
Strong macro economic and technical analysis skills
Preferred:
Intermediate development skills in C++ , Python or Java.
Demonstrated ability to create own pricers for EM FX forward curves using money market instruments.
Model and scenario analysis.
Education / Qualifications:
Essential
- Bachelor’s degree and equivalent industry experience required
Preferred:
- Advanced degree in financial or scientific field.
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