TDOD Securitization - Associate / 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.

Primary responsibility is overseeing the Securitization back-office operations.

• Utilize experience in market CP settlements and knowledge of asset-backed commercial paper.

• Manage appropriate transaction booking and passing/checking/reconciliation of entries using US GAAP accounting knowledge.

• Review and verify the daily reconciliation of the conduit’s checking accounts and WIP account to various systems, including the ABCP Suite System.

• Prepare daily and monthly conduits’ activity reports for senior management.

• Thoroughly understand the conduit management systems (both present and future).

• Support the Securitization Front Office partners.

• Contact ABCP application Vendor for any system and/or process change requirements and coordinate with internal system support if necessary.

• Manage cross-training and motivation of staff.

• Oversee performance measurements and improvements.

• Adhere to regulatory changes and new requirements and update procedures, as necessary.

• Direct the activities of the group, ensuring all services, products, and programs effectively satisfy applicable customers, organizational and/or regulatory requirements.

• Oversee the revision and implementation of procedures and/or routines, supporting local and or Head Office policy objectives.

• Requires the ability to rapidly take over a fast-paced position to service the bank’s Securitization business accurately and efficiently.

• Perform the Conduit Audit with three party auditors.

• Implement new regulatory requirements which affect Conduit Accounting; setup new SPV, as necessary.

• Perform monthly Profit and Loss meetings with Front office in conjunction with Systems.

• Department; streamline warehousing of data/data flows.

• Selection and placement of newly hired staff members.

• Direct oversight of the training & development, performance, evaluation, and disciplinary processes.

• Establishing standards of performance.

• Measuring current performance and comparing it against established standards and identifying and implementing corrective measures to ‘narrow the gap’ between planned and actual performance.

Experience/Education

• Knowledge and direct experience in the asset-backed commercial paper business-preferably in a back-office capacity with a major financial institution.

• 5 – 10 years of experience in a banking operational area, with supervisory responsibilities.

• Knowledge of Accounting & ABCP Systems experience.

• Knowledge of Asset Securitization, Securities or Banking.

• College graduate – 2 years minimum.

• Completion of a major Bank/FI trading operations training program a plus.

The typical base pay range for this role is between $87K - $113K 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.