MUFG Union Bank Loan Trade Payment-AVP in New York, New York
Loan Trade Payment-AVP - 35424
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020).In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.
The Loan Trade Payment Ops role is broadly responsible for providing support and coordination with internal and external partners in the Loan Trading Process. The Team works closely with the Trade Desk and Trade Assistants, ensuring controlled and timely settlement of Loan Trades in the secondary market. The team will coordinate with both internal teams and our external service providers for the Product and will act as a primary point of contact for escalation and other inquiries throughout the life cycle of a Trade.
Seeking candidate to fulfill a multi-functional position within the cash management/trade support team for the MUFG Securities Loan Trading desk.
Primary function of this role is assisting the trading desk and our partners with WSO Loan Services with vital trade events including: payments for settlement, cash forecasting, evaluation of trade events, co-ordination of internal operations processes, providing critical assistance to traders, understanding of corporate actions related to trades, and consistently reviewing trade processes.
Daily functions may include:
Position change monitoring and reporting
Trade input reconciliation
Reviewing/monitoring profit and loss event
Liaise between the WSO and Settlements Teams and the trading desk to expedite trade escalations regarding payments
Interact with the Loan Trading desk, Legal, Sales and other Operations groups in order to develop and deliver solutions for our internal and external clients
Operate and understand trading systems to assist with questions on system functionality as well as external trading platforms such as ClearPar & Bloomberg TOMS, as it pertains to the loan trading function
Knowledge of Banking Regulations and Standard Practices.
Periodically reviews the relevant procedures to ensure appropriate control and consistency with Head Office guidelines and bank regulations.
identification Program, Know Your Customer, Suspicious Activity Reports
Ensures adherence to all bank policies and procedures relative to Regulatory Compliance including but not limited to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Act, Privacy Act, Regulations Q& X, Customer identification Program, Know Your Customer, Suspicious Activity Reports
Undergraduate degree plus 3 - 7 years of Syndicated Loan Trading experience and functional understanding of ClearPar, WSO and the requirements for trade and cash management
Bachelor's degree in finance/ operation management and/or commensurate amount of commercial banking experience is preferable
Knowledge and understanding of Par and Distressed trading within LSTA & LMA standards as well as basic accounting principles
Very strong customer service skills with exceptional written and verbal communication skills
Strong problem solving, research and analytical skills with the ability and willingness to work in a structured, high paced environment, with daily routine operations
Detail-oriented, conscientious and energetic professional with ability to think creatively.
Self-driven and highly motivated team player
Ability to operate in a challenging and rapidly changing environment with a desire to accept new assignments and the ability to learn new principles and dynamic systems quickly
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
Job : Global Markets
Primary Location : NEW YORK-New York
Job Posting : Apr 27, 2021, 7:44:11 AM
Shift: : Day
Schedule: : Full Time
Req ID: 35424