MUFG Union Bank Jobs

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.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Assisting in Interest Rate Risk initiatives including business strategy and new products, reporting deliverables, regulatory issues, and both technology and non-technology infrastructure improvements. Performing ALM modeling (LCR, EaR, EVE, NSFR, FTP, risk sensitivities, scenario analysis, and stress testing). Leading QRM responsibilities including enhancing reporting, regulatory reporting and analysis (aligning to Enhanced Prudential Standards). Reviewing and enhancing Market Risk policies and procedures. Advising on reporting requirements. Performing regulatory process assessment and design with Volker or CCAR. Developing in-depth understanding of the firm’s interest income projections under different rates scenarios; identifying and challenging qualitative assumptions. Developing and implementing governance frameworks and policies for controlling the firm’s accrual rates risk. Assisting the enhancement of the Interest Rate Risk framework and processes under leadership’s direction (policy, governance, models, methodologies, reporting, controls, processes, risk limits, analytics, data). Computing analytics using the Company’s quantitative ALM modeling, ALM-IRR (NII and EVE) scenario analysis, balance sheet projection capabilities and integration with broader treasury analytics. Leading effort in creating liquidity and interest rate material for senior management committees, including ALCO, and Board meetings. Providing analysis of existing/future business processes in support of Liquidity Risk and Interest Rate Risk change management initiatives and/or infrastructure and process enhancement efforts, including enhancing Interest Rate Risk reporting, regulatory analysis and reviewing Interest Rate Risk documentation; and advising on requirements. Leading interest rate risk projects and maintaining communication with technology, front office, risk committees, enterprise risk, and other relevant businesses. Assessing Base Funds Transfer Pricing effectiveness and methodology application across the balance sheet and calculating and performing analysis on Banking book Value-at-Risk to log breaches and set thresholds. Engaging directly with Corporate Treasury and risk-taking businesses to understand strategy, assess new activities, enforce, and monitor Risk Appetite limits, comply with regulatory requirements, and challenge proposals. Facilitating and coordinating production and review of the monthly and quarterly committee package. Assisting leadership to lead and communicate progress to audit/regulatory examinations and submissions and in researching and preparing ad-hoc management requests.

Qualifications – External

Education: Bachelor’s degree in Finance, Financial Risk Management, Economics, or a related quantitative field (or foreign equivalent degree).

Experience: 2 years of related risk management experience in the financial services industry in a Market Risk management role; performing ALM modeling (LCR, EaR, EVE, NSFR, FTP, risk sensitivities, scenario analysis, and stress testing); reviewing and enhancing Market Risk policies and procedures, and advising on reporting requirements; QRM, including enhancing reporting, regulatory reporting and analysis (aligning to Enhanced Prudential Standards); and 1 year of experience must include regulatory process assessment and design (Volker or CCAR).

Travel: Position may require less than 10% travel to West Coast for team meetings

Other: Position requires employment in-office 4 days per week and remotely 1 day per week.

Wage: $90,958 to $154,104 U.S. dollars per year

Employer: MUFG Bank, Ltd.

Location: New York, NY 10020

Reference internal requisition #10065529-WD.

We are committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our people and our business; Equal Opportunity Employer: Minority/Female/Disability/Veteran.

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 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.

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