Associate, Credit Trader IG Corps

MUFG; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

Join a leading financial group where your insights and actions will have a significant impact. As an Associate Credit Trader, you will be at the forefront of credit trading, ensuring compliance and managing risks while developing strategic plans that align with the company's objectives. This role offers a dynamic environment where collaboration and innovation are encouraged, allowing you to grow professionally while contributing to the success of the organization. If you are passionate about finance and eager to make a difference, this is the perfect opportunity for you to thrive in a supportive and inclusive culture.

Qualifications

• Experience in credit trading with a strong understanding of risk management.
• Proven ability to develop and execute strategic plans effectively.

Responsibilities

• Manage and monitor risk positions in accordance with market policies.
• Develop sustainable client-focused business strategies.

Skills

Risk Management

Financial Analysis

Strategic Planning

Client Relationship Management

Regulatory Compliance

Education

Bachelor's Degree in Finance or related field

Master's Degree in Finance or Business

Tools

Pricing Models

Risk Management Software

Job description

Associate, Credit Trader IG Corps

Apply locations London time type Full time posted on Posted 30+ Days Ago job requisition id 10067259-WD

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.

Specifically, you have accountability for the following named department:

• Credit Trading Group

ROLES, SCOPE and REPORTING STRUCTURE

• Authority from, and Reporting to: Head of Credit Trading

KEY RESPONSIBILITIES

Specifically, you will be accountable and responsible for taking appropriate action with respect to the Company and MUS(EMEA), Credit, Credit Trading Group department, including:

1) Planning, Strategy Development and Execution [Trader]

• Responsible and accountable for ensuring that your day-to-day activities (including, where applicable, those of your direct reports) are aligned to the overall departmental business strategy for your product/domain – this includes meeting/exceeding the official minimum financial and non-financial targets.
• Responsible and accountable for adhering to your departmental mandates.
• Responsible and accountable for managing and monitoring your applicable books risks and associated controls to control the Firm’s exposure within predefined limits prescribed by Risk Management and established by the Firm’s Risk Management Committee.
• Responsible and accountable for adhering to the Trader Charter.
• Responsible and accountable for conducting business in line with internal policies and procedures as well as regulatory requirements.
• Responsible for maintaining and enhancing good working relationships between the relevant Credit Trading Group department and stakeholders, including business and control/infrastructure teams globally.
• Responsible for contributing to the effective management of direct budget expenditures where required.
• Responsible for working in partnership with broader GM, GCIB and JCIB teams to develop the business globally, within the regulatory and legal framework.

2) Risk Management

• Responsible for pricing accurately all new transactions and all risk positions in accordance to our market policies; including through the use and continued development of market-leading pricing and hedging methodologies.
• Responsible for the management of all relevant risks (including, but not limited to, market, credit, operational, conduct, and xVA risks applicable to your product/domain) within the Firm’s risk appetite and limit frameworks; including through the use and continued development of market-leading risk management models and monitoring tools.
• Responsible for ensuring that you conduct business in line with regulatory requirements (including but not limited to Volcker, EMIR and MIFID).
• Responsible and accountable for the escalation of issues identified in the ordinary course of your business.
• Responsible for protecting and enhancing the Firm’s, and the Group’s, reputation in all activities.

3) Franchise Development (where applicable)

• Responsible for delivering and growing a sustainable, client-focussed, flow-oriented, business.
• Responsible for maximising profitability from leveraging and enhancing the Group’s customer franchise.
• Responsible for working in partnership with Sales, Trading and Research in MUS International to deliver products that meet the needs of our clients.
• Responsible for working in partnership with other parts of the Group to deliver franchise and business growth within our regulatory and legal framework.

4) Controls and Compliance

• Responsible personally, following all relevant policies and procedures.

5) Relationship with other functions and stakeholders

• Maintain and enhance good working relationships with stakeholders, across the region and globally to share best practices, provide support and develop effective local policies and procedures appropriate to the Company, and working in support of the One MUFG and overall Group strategy.

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.
• 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.