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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.

OVERVIEW OF THE DEPARTMENT/SECTION

International Equity Derivatives team focused on Equity Financing, Delta-1 and bespoke Derivatives Solutions.

NUMBER OF DIRECT REPORTS

MAIN PURPOSE OF THE ROLE

• Trading role with a main focus on the pricing/structuring of synthetic equity financing & delta one equity derivatives including Index.
• Accurately pricing and hedging risk in synthetic equity financing including over corporate events across multiple jurisdictions.
• Underlying coverage including European, North American and Japanese single stock, basket equity and index financing strategies.
• Daily support and integration with stock loan REPO trading teams.
• Good cultural fit essential as working in a small trading team with a broad mandate trading a global book.
• 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 a bespoke global delta one equity derivatives book including pertinent regulatory, operational and tax considerations.

KEY RESPONSIBILITIES

• Pricing and hedging of equity financing strategies delta one strategies.
• Efficient risk management of all lifecycle events with a focus on corporate actions and rebalances.
• Support and collaborate on SBL financing strategies.
• Oversee operational elements of the book swaps and futures 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:

• 2-5y experience trading equity delta one or equity financing
• Working knowledge of Equity TRS and listed/OTC futures trading
• Current working knowledge of latest industry initiatives impacting equity derivatives and SBL(e.g. MIFID II, IBOR decommissioning, CSDR)
  

Preferred:

• Working knowledge of stock borrow/loan financing strategies
• Experience trading and pricing Index financing strategies

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

• Proficiency in all aspects of trading equity financing strategies from execution though all lifecycle events
• Entrepreneurial problem-solving mindset, able to self-generate flows
• Technical proficiency in use of trading platforms e.g. Bbg/Apex/Murex

Preferred

• Proficiency in relevant programming languages

Education / Qualifications:

Essential

• Quantitative 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.