Job Description
Vice President – Equity Financing Trader page is loaded
Vice President – Equity Financing Trader
Apply locations London time type Full time posted on Posted 5 Days Ago job requisition id 10061089-WDDo 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 160,000 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.
OVERVIEW OF THE DEPARTMENT/SECTION
RPG/EFE are focused on offering clients (internal and external) financing solutions using Repo, SBL or TRS across all asset classes
NUMBER OF DIRECT REPORTS
Zero
MAIN PURPOSE OF THE ROLE
- Trading role with a main focus supporting the primary trader in Equity Financing
- Daily pricing and execution of trades versus TRS/SBL/REPO
- Working closely with the Equities Derivatives team for their sourcing and funding needs
- Underlying coverage including European, North American and Japanese securities
- Support the team in sales and on-boarding process
- Manage and mitigate key operational trading risks
- Good cultural fit essential as working in a small trading team with a broad mandate trading a global book so candidate needs to be proactive, resilient, collegiate and good at engaging with all key stakeholders around the bank such as Management, OPS, Risk, and Finance
- Technically proficient with a good understanding of the technical aspects of Securities Lending (including repo), balance sheet management, collateral management including pertinent regulatory, operational and tax considerations
KEY RESPONSIBILITIES
- Trading total return swaps (TRS) single names and baskets and SBL.
- Generating collateral or utilizing firm collateral via TRS/SBL in multiple currencies
- Build and maintain client trading relationships
- Support and collaborate on Equity financing strategies with Equity Derivatives
- Efficient risk management of all lifecycle events in TRS and SBL
- Oversee operational elements of the book, liaising closely with middle and back office to resolve any issues and implement process and platform enhancements
- Liaise closely with support functions (Compliance/Finance/Risk) on position reporting and analysis
WORK EXPERIENCE
Essential:
- 4-6y experience trading SBL/TRS and resource management core expertise in Equity Financing
- Good knowledge of SBL/TRS and resource management (Capital, Balance Sheet, Unsecured Funding)
- Current working knowledge of latest industry initiatives impacting equity derivatives and SBL (e.g. MIFID II, IBOR decommissioning, CSDR)
Preferred:
- Trading experience in Equity TRS or TRF and listed/OTC Futures.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Essential
- Proficiency in all aspects of trading SBL and Collateral Swaps from execution though all lifecycle events
- Proficiency in all aspects of trading TRS from execution though all lifecycle events
- Direct exposure to Agent Lenders, Broker/Dealer and Real Money accounts
- Entrepreneurial problem-solving mindset, able to self-generate flows
- Technical proficiency in use of trading platforms e.g. Bbg/Apex
Preferred
- Proficiency in equity financing strategies
- Proficiency in other listed or OTC derivative financing strategies
- Working knowledge of regulatory metrics including LCR, NSFR etc.
Education / Qualifications:
Essential
- Degree from top-tier institution
- Regulatory (FCA) Certification
Preferred
- Further professional qualifications (Masters/CFA/CQF) an advantage
PERSONAL REQUIREMENTS
- Excellent interpersonal and communication skills, collegiate attitude
- Self-motivated and entrepreneurial outlook
- Strong decision making skills with a structured and logical approach to work
- The ability to operate with urgency, manage large workloads, tight deadlines, and prioritise accordingly
- Strong numerical and problem solving skills
- Excellent attention to detail and accuracy, results driven with a strong sense of accountability
- Excellent Microsoft Office skills
PERFORMANCE AND DUTIES
The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.
As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.
MANAGING CONFLICTS OF INTEREST
- The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
- The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
- The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
- Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
- The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.
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.
About US
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!
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