MUFG Union Bank Market Risk Associate - Credit and Securitization Products in New York, New York
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Mitsubishi UFJ Securities International (MUS) is the US hub of MUFG 's securities business. Located in New York we have just over 300 employees and are active throughout the international capital markets, focusing on debt, equity, derivatives and structured products. Due to the diverse nature of our business we require a clear unifying vision for all of our people. It is this vision and our corporate values that reflect who we are and guide how we behave. We therefore strive to recruit individuals who share our vision and values, and who have the motivation and commitment to help us move our business forward.
Market Risk Management (MRM) is responsible for setting market risk limits reflective of management risk appetite (including VAR, P&L, Stress and sensitivity limits) and monitoring usage relative to these limits.
The primary objectives of this role is to maintain a detailed understanding of the business line’s risk profile and its drivers through various analytical tools and interaction with Front Office. MRM also has involvement with new product/transaction processes, identifying additional risks and ensuring the risk profile of products will be correctly represented.
MUFG market risk team is looking for an experienced market risk manager to focus primarily on credit and securitization products. In this role you will:
Analyze and assess risks of new equity margin lending and CLO warehouse deals using quantitate tools developed in-house.
Assess risk profile impacts to changes in deal collateral types, structures and inherent risk mitigants.
As the market risk SME, work with the quantitative development team to enhance existing models to capture risks arising from the above changes.
Work closely with Front Office to fully understand and highlight market risks and define practical solutions
Ensure adequate limits (VAR, sensitivities, stress etc) and risk framework are in place aligning with the firm 's overall risk appetite and desk mandates
Prepare market risk commentary and updates for weekly meetings and monthly Management Committee meetings such as the Executive Committee and Board Risk Committee
Proactively contribute to wider risk issues and initiatives
A successful candidate may be expected to cover other products
The right candidate will have:
3-5 years ' experience in market risk or relevant function with deep understanding of risk metrics (VaR, stress, greeks).
Experience with securitized products is a plus
Strong quantitative and analytical skills, proficient with Excel and VBA
Strong academics and relevant professional qualifications/accreditations, FRM/CFA charter holder desirable but not essential
A pro-active, motivated approach
Excellent communication skills
The ability to operate with urgency and prioritize work accordingly
A structured and logical approach to work
Strong problem-solving skills
Excellent attention to detail and accuracy
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 on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.
Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to exemptions for medical or religious reasons, as well as any other reason required by applicable law or order. Should you be selected for an interview, your recruiter will provide additional information.
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