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MUFG Union Bank Analyst, Guarantees Analyst in United States

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. Across the globe, we’re 180,000 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 Guarantees team are part of the Transaction Processing Unit, within the Operations Division for EMEA. Transaction Processing provides efficient and accurate processing, ranging from single-touch, single entry to multi-touch, complex transaction processing.

The Guarantees team is responsible for the timely and accurate processing of Customer Guarantee Applications and the booking of the obligation Into the Banks Books and records. The Guarantees Teams reports in to the Head of Loans and provide services to the customers of the Commodity and Structured Trade Finance and Transaction Banking Divisions.

The Guarantees Team will work on issuance and amendments of Guarantees, and wording reviews, as well as dealing with scheduled and unscheduled events, fee administration, issues and queries, these must be dealt with quickly and efficiently, and these must be administered in accordance with the relevant Instruction and/or procedure.

MAIN PURPOSE OF THE ROLE

  • Ability to review and structure guarantees to ensure they comply with both the banks’ procedures and processing requirements.

  • Ability to provide a Guarantee advisory service as a recognised technical expert.

  • Familiarity of all MT7XX series Swift formats and all payment orders/advices.

  • To be computer literate and fully conversant with MS Office tools.

  • Full familiarity of all types of demand guarantees and Standby Letters of Credits, including but not limited to bid, performance, advance payment, warranty, retention.

  • Ability to review and construct a guarantee wording, working closely with Legal as required.

KEY RESPONSIBILITIES

In this role, you will be responsible for Guarantees across MUFG’s banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you.

  • Effectively manage and prioritise workflows to ensure all transactions are organised to meet service level agreements with minimal supervision

  • Responsible for the input process .

  • Responsible for providing support to Paris branch for the input of a vast number of guarantees and subsequent revalue and fees on syndicated deals.

  • Assist with ensuring all procedures and directives are up to date and maintained within the team.

  • Ensure compliance with all Bank and Regulatory requirements in order to minimise exposure to risk and to safeguard against financial loss to the Bank.

  • Provide training and guidance to team members on the guarantee process, and to act as a ‘go-to’ person in order to resolve day to day operational issues.

  • Process and maintain guarantees as required. Monitor all guarantee events.

  • Report and control all pending items, and timely escalation all of matters requiring management attention.

  • Establish and maintain effective working relationships with all stakeholders.

WORK EXPERIENCE

  • Significant experience within a Guarantees environment ideally at a leading International Bank.

  • Experience working with clients with tight deadlines, and prioritising their work

  • Proven experience of self-managing workflows.

  • Experience of working in a fast moving environment under time pressure whilst retaining strong attention to detail.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

  • Demonstrable knowledge of all guarantee and Standby Letters of Credit products and their lifecycles.

Technical competence in all rules and publications by the ICC, including and not limited to UCP600,

ISP98, URDG758

Education / Qualifications:

  • A level or equivalent education is preferred.

  • Equivalent experience will be considered.

  • Industry qualifications, i.e. CDCS, CSDG will be an advantage

PERSONAL REQUIREMENTS

  • Excellent communication skills

  • Results driven, with a strong sense of accountability

  • A proactive, motivated approach.

  • The ability to operate with urgency and prioritize 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

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.

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