Assistant Vice President, Collateral Management

MUFG Americas; Greater London; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading financial services provider in Greater London is looking for an experienced AVP for the Collateral Management department. The successful candidate will process margin exposure across various asset classes and ensure effective communication with counterparties. Strong skills in stakeholder engagement, risk control, and analytical problem-solving are essential. The role also requires a degree or equivalent qualification and offers the opportunity to work in a dynamic and inclusive environment.

Benefits

Inclusive workplace culture

Opportunities for career growth

Dynamic team environment

Qualifications

• Solid understanding of legal documentation and key terms within the ISDA CSA.
• Working knowledge of REPO and OTC Derivatives products.
• Ability to analyze and challenge counterparty valuations.

Responsibilities

• Process margin exposure across all asset classes.
• Regular communication with treasury for collateral policies.
• Ensure accuracy of margin bookings and settle timely.

Skills

Collaboration with stakeholders

Analytical thinking

Strong communication skills

Risk management

Attention to detail

Education

Degree qualified or equivalent

Tools

VBA

TriResolve

Acadiasoft

Job description

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

We have an exciting opportunity for an experienced AVP to work within our Collateral Management department. The candidate will be responsible for processing the Margin Exposure across all asset classes (OTC non and cleared, Repo and SBL) by calling counterparts where MUFG is exposed and meeting counterpart calls on MUFG in line with MUFG valuations. This role will initially be specific cover for Repo and cleared margin with the opportunity to gain exposure in the OTC and Securities Lending margin space as well.

Key Responsibilities

• Strong skill‑set to support agreement and processing of margin of all daily Variation/Initial OTC Margin calls in accordance to the CSA/GMRA/GMSLA/CDEA agreements.
• Regular communication with the treasury desk to ensure that collateral posted is in line with their cheapest to deliver policies.
• Approval of collateral bookings and understanding the cost associated with the optimization of any outflow, based on eligibility criteria.
• Approval and query management of interest on cash variation margin posted and received.
• Ensure that all margin bookings are accurate and settle as agreed within currency/settlement cut‑offs.
• Booking of SBL margin calls including prepays and processing of marks.
• Dispute/exposure reporting to senior Management, risk and the business and the ability to explain issues to all levels.
• Process procedures are kept up to date and that improvements are made when necessary in an effort to improve efficiency and reduce manual touch points.
• Outstanding stakeholder engagement with Front Office, Credit Risk, Product Control, Operations Teams and strive to ensure maximum internal and external client satisfaction.
• Maintain a robust control environment by proactive regular review of controls, raising Self‑Identified Issues where required, and driving issues to closure.
• Provide guidance and support to team members including Vendor ensuring interaction is
• Ensure the completion of Business As Usual tasks and complete the book of work assigned ensuring the sustainability and robustness of the operational / control framework and implement solutions that are commercially beneficial for the organization.
• Promote an inclusive, positive culture and way of working across teams and provide regular feedback and formal performance reviews to team members
• Understanding of SOX, RCSA and Key Controls
• Understanding of Balance Substantiation, using an analytical mindset.
• Able to troubleshoot End User Computing Tools (Knowledge of VBA)

WORK EXPERIENCE – Essential

• A solid understanding of the legal documentation and key terms within the ISDA CSA, GMRA, GMSLA agreement
• Understanding the life‑cycle of trade processing/handling across derivative swap products including trade capture/allocation, confirmations, trade exception clearance and connectivity issue resolution with tech teams
• A sound understanding of the current regulatory framework i.e. Uncleared Margin Rules
• Working knowledge of REPO and OTC Derivatives products, being able to understand and unravel complex trading that can impact the margin call process
• Strong understanding of the inputs that makeup derivative trade level valuations and being confident to compare and challenge our counterparties PVs
• Previous knowledge and experience of using the TriResolve reconciliation and Acadiasoft platforms.
• Understanding of key collateral optimisation initiatives such as cheapest to deliver
• Experience using large data sets and using data visualisation tools
• Knowledge of CCPs and clearing arrangements and supporting the margin process for Clearing houses
• Solid understanding of Repo and SBL (Securities, Borrowing & Lending) including the front to back REPO and SBL trade booking workflows

WORK EXPERIENCE – Preferred

• Exposure to mark reviews to validate trader marks to external pricing sources
• Experience of working with LCH Repoclear and Eurex Repo
• Experience of using TLM/Sentry/Algo, SunGard Apex, SWIFT, Intellimatch, TriOptima, Acadiasoft
• Ability to read macros and VBA skillset

SKILLS AND EXPERIENCE – Essential Functional / Technical Competencies

• Strong Microsoft skills i.e. Word and Excel
• Strong communication skills, written, oral and listening
• Strong stakeholder management techniques
• Excellent understanding of Operational Risk and Control.
• Strong understanding of the trade lifecycle management of various products and associated risks
• Good working knowledge of the regulatory environment and upcoming changes
• Understand the cash flows and dynamics of a banking business such as funding requirements and their importance
• Understand the key elements of the front to back process flow including other infrastructure groups i.e. Market Risk, Credit Risk, Finance, Product Control, Legal, Compliance, etc.

Education / Qualifications

• Degree qualified or equivalent

PERSONAL REQUIREMENTS

• Excellent communication skills
• Results driven, with a strong sense of accountability
• A proactive, motivated approach
• Strong decision making skills, the ability to demonstrate sound judgement
• A structured and logical approach to work
• Strong problem solving skills
• A creative and innovative approach to work
• Excellent interpersonal skills
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well in a pressurized environment
• Strong numerical skills
• Excellent interpersonal and communication skills with proven ability to influence decision‑making process and build consensus. Ability to demonstrate strong and independent decision making skills

EEO Statement

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.