Analyst, Quality Assurance & Data Integrity (Business Support)

MUFG Americas; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading financial group seeks an Analyst for Quality Assurance & Data Integrity in London. The role involves supporting VIE processes, conducting quality assurance testing, and ensuring accurate reporting of assets. Ideal candidates will have a banking background and strong Microsoft Office skills, contributing to the team's mission of delivering high-quality financial services.

Qualifications

• Banking/Accounting background essential.
• Experience in a support/Quality Assurance team preferred.
• VIE (Variable Interest Entity) USGAAP experience preferred.

Responsibilities

• Support VIE assessments for new borrowers.
• Report assets paid in capital and exposures for VIE and non-VIE.
• Conduct quality assurance testing of covenants and conditions.

Skills

Microsoft Office skills

Good communication skills

Attention to detail

Education

A Level and/or relevant work experience

Job description

Analyst, Quality Assurance & Data Integrity (Business Support)

Pay Competitive

Location London/England

Employment type Full-Time

Job Description

Req#: 10060299-WD

Do 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

MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia.. The group has over 150,000 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 world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's 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.

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

Please visit our website for more information - mufgemea.com.

This role is part of the Quality Assurance and Data Integrity team based within the Front Office of GCIB (Global Corporate & Investment Banking) to perform various financial related tasks including but not limited to VIE (Variable Interest Entity) processes, Asset Evaluation (internal reporting of close watch/problem assets) as well as conducting quality assurance testing of covenants and conditions.

Number of Direct Reports

0

Main Purpose of the Role

To support the completion of the VIE (Variable Interest Entity) process, reporting assets paid-in capital and exposures of the determined VIEs and non-VIEs for GCIB semi-annually as well as assessing new borrowers for VIE status.

As per USGAAP accounting rules MUFG as a US listed company is required to consolidate entities if MUFG is the primary beneficiary of the VIE, disclosing the Assets and Total exposures to the Non-Consolidated VIE in interim and annual report.

To support with the completion of the quarterly Asset Evaluation (reporting of close watch/problem assets) process for GCIB. Working closely with the Associate of the team and Team Head as well as Portfolio teams within these areas, Finance and Back Office to ensure correct and accurate balances are reported, including outstanding balances, collateral and guarantee, secured portion, classification of assets and other relevant information, for close watch/problem rated assets.

To support the quality assurance process to test and report and deficiencies found with covenant and condition updates/inputs made by GCIB Business Support

Key Responsibilities

1. VIE assessments for new borrowers or events that trigger reassessment

2. Report assets paid in capital and exposures for VIE and non-VIE determined for GCIB ensuring all required deadlines are met.

3. Report MUFG Loan and Swap exposures as well as supporting a completeness check to ensure all entities have been captured

4. Active monitoring of Borrower Ratings to ensure awareness of customers that fall within the scope of Asset Evaluation.

5. Support necessary amendments in GZEUS where applicable, and maintaining reports to ensure that correct information is reflected and reported.

6. To support the preparation of various weekly/monthly reports including balance data for loan and swap utilisations

7. Provide support to the quality assurance process to check/test/report covenants/condition updates/inputs

8. Update external ratings (for S&P and Moody’s ) of Legal Entities in internal system Deal Tracker

9. Support and investigate data queries including industry codes, company size and BIC codes

10. Completion of the Provision Notice and DCF (discount cash flow) for restructured loans

11. Support the semi-annual Aircraft collateral revaluation process ensuring all aircraft have been revalued and booked correctly

12. Develop a good understanding of all core systems including, GZEUS, Deal Tracker and OVS.

13. Build relationships throughout MUFG Bank to establish a peer network, gather relevant information and help to ensure effective interactive inter-departmental collaboration.

14. Support the completion of various adhoc administrative and reconciliation processes in an efficient and responsive manner in order to manage effective reporting, ensuring all deadlines are adhered to.

Work Experience

Essential:

• Banking/Accounting background

Preferred

• VIE (Variable Interest Entity) USGAAP experience

Skills and Experience

Functional / Technical Competencies:

Essential

• Microsoft Office skills

Preferred

• Experience of working in a support/Quality Assurance team

Education / Qualifications:

Essential

• A Level and/or relevant work experience

Personal Requirements

• Good communication skills
• Results driven, with a strong sense of accountability
• A proactive, motivated approach
• Excellent attention to detail and accuracy
• The ability to operate with urgency and prioritise work accordingly
• A structured and logical approach to work
• Good problem solving skills
• A creative and innovative approach to work
• Good interpersonal skills
• The ability to manage large workloads and tight deadlines
• A calm approach, with the ability to perform well in a pressurised environment
• Flexible working style
• Strong Excel skills

We are open to considering flexible working requests in line with organisational requirements.

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