Job Description

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 150,000 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.

EDUCATION
• Degree or equivalent work experience equally preferable
• Degree in finance or other relevant field
CERTIFICATIONS
WORK EXPERIENCE
• Financial services industry experience in markets and securities services or related disciplines
• Knowledge of trade settlement systems and regulatory requirements
• Working knowledge of Swift / ISO payment formatting
FUNCTIONAL SKILLS
• Understanding of the market industry and trade operations
• Experience with managing reconciliations, controls and settlements
• Practical expertise with commonly used treasury service tools or techniques
• Basic experience with central clearing counterparties and settlement systems
• Exposure to market and trade products as well as banking regulatory environment a plus
• Proficiency with relevant business software
FOUNDATIONAL SKILLS
• Communicates effectively
• Identifies multiple paths to success using analytical and critical thinking as well as decision-making skills
• Exercises sound judgement, prioritizes effectively, and strives for continuous improvement
• Effectively collaborates with colleagues
• Leverages available technology to drive efficiency and results
• Understands and applies industry trends and best practices
• Exhibits optimism, resilience, flexibility, and openness to others' ideas
• Values learning as a lifelong professional objective
• Engages inclusively and with intent
• Always acts with integrity
RESPONSIBILITIES
• Responsibilities include post-trade execution of Market and Treasury transactions. The Settlement Associate / Assistant Vice President:
• Accurately clears and settles all trading activity while observing established cut-off time for relevant currencies and locations
• Ensures efficient settlement via relevant systems
• Interacts with clients, trading counterparties, and dealer banks to verify and confirm economics and settlement instructions on trades
• Ensures that all trading processes and documents comply with relevant regulatory requirements
• Processes incoming and outgoing wires
• Manages client allocations
• Conducts deal checking, system-to-system reconciliations, and break resolution to settle executed trades
• Reconciles funds to settle all transactions and investigates unallocated or non-received funds to ensure proper balance and controls
• Verifies and validates trades
• Prepares settlement and receipt reports and escalates outstanding confirmations as necessary
• Responds to trading, settlement and audit queries
• Remediates settlement issues
• Contributes to the continuous improvement of settlement processes and procedures
• Prepares daily/monthly reports
• Reviews and approves margin calls across multiple asset classes
• Maintains eligibility criteria and customer account master static data as per the terms and conditions of executed documentation
• Actions margin transfers on behalf of Tokyo Head Office
• Prepares daily/monthly reports
• Resolves Mark-to-Market discrepancies on collateralized portfolios
• Confirms and verifies of agreed Collateral with Counterparties
• Communicates with Front Office Business Partners regarding trade booking discrepancies and settlement inquiries
• Manages off-shore teams responsible for processing
• Verifies and approves work performed by Analysts
• Serves as subject matter experts for new initiatives and testing for new projects, alongside the Vice Presidents
• Utilizes expertise to resolve escalated issues

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.