Assistant Vice President / Vice President, Front Office Control

As one of the top financial groups globally with a vision 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.

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

N UMBER OF DIRECT REPORTS
0

KEY RESPONSIBILITIES
Front Office – Supervision and Controls oversight

• Provide support and training to Sales & Trading (S&T) for all Operational Risk and Control requirements.
• Develop and maintain S&T Operational Risk processes, controls and reports, ensure Sales & Trading Desk Heads have visibility of key controls impacting their business and risks.
• Assist S&T to capture/document operational risk incidents and any associated actions – help to ensure FO–owned actions are resolved in a timely manner
• Support S&T in their assessment of risk and controls (RCSAs) across each FO Desk
• Review and assess key hand–offs with support functions to assess whether the correct data is being captured by the Front Office (trade execution and booking), for consumption downstream and/or externally.
• Develop and maintain the MUSE Supervision Dashboard and associated reporting
• Oversight and monitoring of the MUSE Supervision framework
• Develop and maintain the MUSE S&T (Sales and Trading) Controls Dashboard
• Agree KRI thresholds between Business and Control/MI Owners
• Administration of the MUSE S&T Risk and Controls forum
• Report on FO Risks and Control oversight, to both 1st and 2nd line functions/forums as required

Front Office – Product Development

• Analyse new activity requests and work with support functions to screen and evaluate, analysis, design and develop and test.
• Use effective network to collaborate across cross–functional teams within the Group to promote timely decision making
• Exercise cross–divisional governance to achieve a consistent and transparent approach to product development
• Define, execute and implement strategies to boost product development efficiency
• Produce and distribute MI to various management committees and stake holders

Front Office – Regulatory adherence

• Identify key areas of regulatory risk for the MUSE S&T Business and ensure that processes/controls are in place to monitor adherence
• Review and challenge regulatory control MI ( produced by Support Functions and ensure that this achieves both risk and control oversight requirements for Sales & Trading Heads
• Help oversee the development and implementation of regulatory initiatives impacting Sales and Trading – participating in technical design, tracking, escalation and control requirements in S&T.
• Develop strong working relationship with Compliance and Financial Crime teams to ensure 'best in class' support models for S&T.

SKILLS AND EXPERIENCE
Functional / Technical Competencies:
Essential:

• Ability to quickly understand the local nuances regarding systems and internal relationships between departments
• Knowledge of risk management and risk mitigation approaches
• Firm grasp of current regulatory requirements
• Pragmatic and practical approach to the implementation and application of regulations
• Good knowledge of operational risk practices
• Good knowledge of Secondary Markets Business practices
• Good knowledge of Derivative products and trade flows
• Previous experience facing off to, or directly supporting, a Secondary Markets Business

Preferred:

• Knowledge of data aggregation and MI creation from low level data; trend analysis
• Compliance experience would be useful
• Experience as part of a FO regulatory implementation project.
• Front Office Supervision or Controls knowledge/experience useful
• Front Office exposure through previous roles (in Business or as part of a Business facing team)

Education / Qualifications:
Essential:

• Degree or equivalent

Preferred:

• Additional industry qualifications would be useful (risk, compliance, regulatory)

PERSONAL REQUIREMENTS

• Personal alignment to MUFG Values
  • Integrity & Responsibility
  • Professionalism & Teamwork
  • Challenge ourselves to grow
• Personal alignment to EMEA Cultural Principles
  • Client Centric
  • People Focused
  • Listen Up, Speak Up
  • Innovate & Simplify
  • Own & Execute
• Excellent communication skills
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly
• A structured and logical approach to work
• Strong problem solving skills
• A creative and innovative approach to work
• Excellent interpersonal skills
• The ability to manage large workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well in a pressurised environment
• 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.