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CVA Credit Portfolio Manager Associate

Mitsubishi UFJ Financial Group

Greater London

On-site

GBP 50,000 - 70,000

Full time

30+ days ago

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Job summary

A leading financial group in the UK is looking for a Manager responsible for operational support within CVA risk management. The ideal candidate will help manage CDS hedges, conduct daily reporting tasks, and interact with various teams to ensure accurate business operations. Required qualifications include a degree or equivalent experience in finance, proficiency in Excel, and strong communication skills. Join a collaborative environment focused on innovative solutions and career growth.

Qualifications

Must demonstrate understanding of corporate finance lending and credit assessment.
Experience with trading and risk management strategies is a plus.
Eager to learn and develop a career in fixed income management.

Responsibilities

Provide operational support to pricing and managing CVA and CDS hedges.
Run BAU operations such as daily data reporting and exposure checks.
Support market assessment and pricing strategy development.

Skills

Understanding of corporate finance lending

Proficient user of MS Excel

Communication skills

Education

Degree educated or equivalent practical experience

Tools

Bloomberg

Python

Do you want your voice heard and your actions to count

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG) one of the worlds leading financial groups. Across the globe were 150000 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 worlds most trusted financial group its 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

Mitsubishi UFJ Financial Group (MUFG) is one of the worlds leading financial groups. Headquartered in Tokyo and with approximately 350 years of history MUFG is a global network with around 2300 offices in over 50 countries including the Americas Europe the Middle East and Africa Asia and Oceania and East Asia. The group has over 150000 employees offering services including commercial banking trust banking securities credit cards consumer finance asset management and leasing.

As one of the top financial groups globally with a vison to be the worlds most trusted we want to attract nurture and retain the most talented individuals in the market. The size and range of MUFGs global business creates opportunities for our employees to stretch themselves and reap the rewards whilst our common values to behave with integrity and responsibility and to build a culture which is fair transparent and honest underpin everything that we do.

We aim to be the financial partner of choice for our clients whatever their requirements building long-term relationships serving society and fostering shared and sustainable growth for a better world.

MUFGs shares trade on the Tokyo Nagoya and New York (NYSE : MTU) stock exchanges. The groups operating companies include but are not limited to MUFG Bank Ltd. Mitsubishi UFJ Trust and Banking (Japans leading trust bank) Mitsubishi UFJ Securities Holdings (one of Japans largest securities firms) and MUFG Americas Holdings.

Please visit our website for more information - .

MAIN PURPOSE OF THE ROLE

Day to day operational responsibility for processes reporting and hedging that contributes to the management of CVA risks and GCIB / JCIB loan book exposures hedging.

KEY RESPONSIBILITIES

Provide operational support to pricing and managing CVA and executing CDS hedges mandated for the Banks loan book. While the team is public side and located on the trading floor the role involves interaction with the private side teams in ECPMO as well as risk management and downstream operations teams. Providing timely and accurate Business as Usual (BAU) operations to facilitate the day to day running of the business.

Accountable and responsible to :

Run BAU operations such as : Daily Vamos data downloading Position Keeper report Daily Sovereign CDS reporting Close of Business blotter ICE limit Exposure reporting Credit Exposure check over Hedge Report. Support market assessment price discovery hedge strategy development transaction sizing and pricing. Support trade execution transaction documentation reporting and reconciliation processes as well as to provide general administrative support. Develop tactical solutions to reporting or analysis needs. Act as liaison with client sales desks on CVA pricing and to support the management on CVA risks. Act as liaison for middle office and back office personnel in relation to transaction activity. Finding more efficient or alternative methods to improve BAU operations to optimise their efficiency. Continuously develop and improve the desks ability to increase CVA PnL hedge effectiveness through the use of the CVA PnL explain tools. Provide frequent and effective communication to Head of CVA & Execution regarding assignments in ECPMO. Request prompt feedback for business decisions from Head of CVA & Execution.

WORK EXPERIENCE

Essential

Must demonstrate basic understanding of one of the following three skill sets :

Corporate or project finance lending with some experience in corporate credit assessment;
Credit pricing statutory and economic return measures in the area of fixed income regulatory capital;
Trading and risk management strategies

Preferred

Risk management or P&L control prior experience

SKILLS AND EXPERIENCE

Functional / Technical Competencies

Essential

Basic functional understanding of markets asset pricing and risks as well as CDS as a product
Proficient user of MS Excel

Preferred

working with Bloomberg and other market information systems
Python / VBA utilisation

Education / Qualifications

Essential

Degree educated or demonstrating equivalent practical experience

Preferred

Business or Economics degree
Numerical skills and computer literacy

PERSONAL REQUIREMENTS

Team player with good interpersonal and communication skills
Eager to learn and keen to progress a career in fixed income management or portfolio management
Results driven with a strong sense of accountability and attention to detail
A proactive motivated approach coupled with strong problem solving skills
A calm and diligent approach with the ability to perform well in a pressurized environment
Excellent communication and interpersonal skills

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.

Required Experience

Manager

Key Skills