Derivative Operations AVP

Do you want your voice heard and your actions to count?

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 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.

Job Summary:  Responsibilities of the role include, but are not limited to, assisting in supervising day-to-day derivative operations, liaising with clients and internal business partners on trade and settlement related matters, training junior staff, and contributing to  projects.

Description:

• Ensure proper trade capture and management of lifecycle events for multiple derivative products.

• Ensure accurate and timely processing of settlements and resolution of breaks, such as non-receipt of funds or discrepancy in amounts.

• Handle all preliminary tasks required to register settlement account instructions in the respective sytems, such as obtaining the information from clients and completing call backs.

• Review various data reconciliations, research mismatches, and resolve them promptly.

• Respond to audit requests and various client queries.

• Prepare or review monthly reports and general ledger account certifications.

• Acquire and sustain solid knowledge of all systems and applications that are utilized; Know their limitations and required workarounds.

• Understand the roles and responsibilities of other operational units within the bank and effectively interface with those units as needed.

• Develop and sustain strong working relationships with the front office and act as the point of contact on Operations related matters.

• Maintain appropriate controls for all relevant activities, evaluate, and enhance them as required to minimize risk.

• Contribute to projects i.e., participate in User Acceptance Testing and prepare or review test scripts.

• Train and provide guidance to team members.

• Create or update operating manuals.

Qualifications:

• Bachelor’s degree in business or finance.

• 5+ years of operations experience within a banking/investment banking environment.

• Strong knowledge of settlements related to FX.

• Trade capture experience preferred.

• Must be highly attentive to detail.

• Must be able to effectively time manage and prioritize multiple responsibilities.

• Strong analytical and problem-solving skills.

• Excellent written and verbal communication skills.

• Self-motivated and can work independently or as part of a team.

• Proficient in Microsoft Excel and Word.

• Able to quickly adapt to change and work in a deadline-oriented environment.

The typical base pay range for this role is between $100K - $130K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

MUFG Benefits Summary

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

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.