VP Trader London

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. 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 take ownership of your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

MUFG (Mitsubishi UFJ Financial Group) is one of the world’s leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG operates a global network of around 2,300 offices in over 50 countries, including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia. The group has over 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

As one of the top financial groups globally with a vision to be the world’s most trusted, we aim to attract, nurture, and retain the most talented individuals in the market. The scale and scope of MUFG’s global business provide opportunities for our employees to challenge themselves and reap the rewards, while our shared values—to act with integrity and responsibility, and to foster a culture that is fair, transparent, and honest—underpin everything we do. We aim to be the financial partner of choice for our clients, whatever their needs, by building long-term relationships, serving society, and promoting shared and sustainable growth for a better world.

MUFG’s shares are traded on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, MUFG Bank, Mitsubishi UFJ Trust and Banking (Japan’s leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan’s largest securities firms), and MUFG Americas Holdings.

The Structured Trading Group (STG) is the main hub for Structured Products at MUFG. The desk is responsible for the structuring, trading, and management of Structured Derivatives in Interest Rates, FX, and Hybrid products. STG serves the clients of MUFG and its affiliates by leveraging its best-in-class infrastructure, product expertise, and sophisticated risk management capabilities to consistently deliver bespoke products and solutions across regions.

Specifically, you will be accountable for the Structured Trading Group.
You must be highly reliable and accountable for the risks and controls in place.
You will demonstrate ownership in minimizing operational and financial risks. You must possess excellent communication skills with the team.
Experience adding value to the team through previous roles in structured notes, exotic rates, and/or credit is a plus.
You will gain autonomy in managing the risk book under the supervision of more senior traders.
You must be proactive in improving the current framework, client offerings, pricing, and risk management.

Tasks

Specifically, you will be accountable and responsible for taking appropriate action with respect to the Company and the Structured Trading Group department, including:

• Planning, Strategy Development, and Execution [Trader]

You will be responsible for contributing to the successful execution of departmental strategy—in line with regional business objectives, international business objectives, and entity requirements. Specifically, this will include the following:

• being responsible and accountable for ensuring that your day-to-day activities (including, where applicable, those of your direct reports) are aligned with the overall departmental business strategy for your product/domain—this includes meeting or exceeding the official minimum financial and non-financial targets
• Responsible and accountable for adhering to your departmental mandates
• (Where applicable) responsible for leading, directing, and managing staff within your team to ensure that they (i) understand their responsibilities and duties applicable to their roles, (ii) comply with the Firm’s policies and procedures, and (iii) conduct themselves in a manner consistent with the Firm’s values;
• Responsible and accountable for managing and monitoring your applicable book risks and associated controls to control the Firm’s exposure within predefined limits prescribed by Risk Management and established by the Firm’s Risk Management Committee;
• responsible and accountable for adhering to the Trader Charter
• responsible and accountable for conducting business in accordance with internal policies and procedures as well as regulatory requirements
• responsible for maintaining and enhancing good working relationships between the Structured Trading Group and stakeholders, including business and control/infrastructure teams globally;
• responsible for contributing to the effective management of direct budget expenditures where required
• responsible for working in partnership with broader GM, GCIB, and JCIB teams to develop the business globally
• responsible for pricing, trading with clients, and managing risks for structured products
• Responsible for achieving assigned profit and loss targets
• Responsible for enhancing the relationship with Mitsubishi UFJ Morgan Stanley Securities regarding the structured trading business
• Risk Management

As a member of the Structured Trading Group, you will be responsible for identifying, monitoring, and taking actions (including escalations where applicable) within your delegated authority regarding the risks associated with your product or domain. You will be:

• responsible for accurately pricing all new transactions and all risk positions, including through the use and continued development of market-leading pricing and hedging methodologies
• responsible for managing all relevant risks (including, but not limited to, market, credit, operational, conduct, and xVA risks applicable to your product/domain) within the firm’s risk appetite; including through the use and continued development of market-leading risk management models and monitoring tools. Specifically, you will be accountable and responsible for ensuring compliance within approved risk limits for your Structured Trading Group,
• responsible for ensuring that you conduct business in line with regulatory requirements (including, but not limited to, Volcker, EMIR, and MiFID).
• responsible and accountable for escalating issues identified in the ordinary course of your business. This includes, but is not limited to, issues relating to risk management, regulatory compliance, and operational risks
• responsible for protecting and enhancing the Firm’s and the Group’s reputation in all activities
• Franchise Development (where applicable)
• Responsible for delivering and growing a sustainable, client-focused, flow-oriented business
• Responsible for maximizing profitability by leveraging and enhancing the Group’s customer franchise.
• Responsible for working in partnership with Sales, Trading, and Research in MUS International to deliver products that meet the needs of our clients.
• Responsible for working in partnership with other parts of the Group to drive franchise and business growth
• Controls and Compliance

You are responsible for ensuring the Company’s compliance with internal risk and compliance requirements, controls, and procedures, including but not limited to:

• personally following all relevant policies and procedures, and ensuring that those in your teams also follow policies and procedures.
• (Where applicable) responsible for leading, directing, and managing the staff within your team to ensure that they (i) understand their responsibilities and duties applicable to their roles, (ii) comply with the Firm’s policies and procedures, and (iii) conduct themselves in a manner consistent with the Firm’s values;
• People (If applicable)

You will manage and/or contribute to the following matters, as appropriate for the departments listed above, in conjunction with your unit head:

• Authority to build (through recruitment, restructuring, and internal development) a team of high-quality professionals capable of achieving the objectives of your product/domain, the business unit, the international platform, and the broader MUFG Group to leverage strategic advantages;
• be accountable for ensuring that all staff under your purview are fully trained and understand what is required of them to perform their jobs effectively, including ensuring that job descriptions, objectives/personal development plans, and performance reviews are provided to all staff at least once a year in accordance with Human Resources requirements; continuously monitor their competency to meet the requirements of the relevant regulator’s training and competency regime; and appropriately handle any grievances or disciplinary issues; and
• accountable for ensuring that any responsibilities you have delegated to other staff, including those related to regulatory obligations (where applicable), are appropriately allocated, controlled, and documented. Ensure that the staff in question have a clear understanding of these duties so as to ensure that the business and affairs of the function can be adequately monitored and controlled
• Relationship with other functions and stakeholders
• Maintain and enhance good working relationships with stakeholders, across the region and globally, to share best practices, provide support, and develop effective local policies and procedures appropriate to the Company, while working in support of the One MUFG and overall Group strategy.

Profile / Your qualification / Your personality

WORK

EXPERIENCEEssential:

• At least 3 years of work experience at major financial institutions
• Experience in managing significant risks in non-linear derivatives
• Experience in pricing complex derivatives in interest rate or hybrid products

Preferred:

• Track record of revenue

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• Knowledge of financial markets and instruments, including derivatives
• Strong communication skills
• Strong numerical skills
• Proficient in Microsoft Excel
• Diligent and disciplined in risk management

Preferred:

• Ability to code

Education / Qualifications:

Essential

• University degree or equivalent work experience

Preferred:

• Master's degree

PERSONAL REQUIREMENTS

• Excellent communication skills
• Results-driven, with a strong sense of accountability
• A proactive, motivated approach
• The ability to work with a sense of urgency and prioritize tasks accordingly
• Strong problem-solving skills
• A creative and innovative approach to work
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well under pressure
• Strong numerical skills

We are open to considering requests for flexible working arrangements in accordance with organizational requirements.

Contact

Olga Dunn

HR Manager

Location

24 Lombard St, GB-EC3V 9AJ London