Assistant Vice President, Product Controller

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.

Mitsubishi UFJ Financial Group (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG has a global network with 1,100 offices in over 40 countries. The Group has over 140,000 employees, offering services including corporate banking, commercial banking, retail banking, wealth management, investment banking, capital markets, personal and corporate trust, and transaction banking.

The Group’s operating companies include Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms.

MUFG conducts securities business internationally through its overseas subsidiaries Mitsubishi UFJ Securities International plc, Mitsubishi UFJ Securities (USA) Inc., Mitsubishi UFJ Securities (Hong Kong), Ltd. and Mitsubishi UFJ Securities (Singapore), Ltd. With each member of the group working in partnership with one another, MUFG provides best in class service and products to corporate and institutional clients.

Mitsubishi UFJ Securities International (MUSI) is the European hub of MUFG’s securities business.

Headquartered in London we have just over 600 employees and are active throughout the international capital markets, focusing on debt, equity, derivatives and structured products. Due to the diverse nature of our business we require a clear unifying vision for all of our people. It is this vision and our corporate values that reflect who we are and guide how we behave. We therefore strive to recruit individuals who share our vision and values, and who have the motivation and commitment to help us move our business forward.

Department overview:

Product Control plays a key role in both supporting and controlling the revenue generating functions of the business and consists of two very technical teams: Line Product Control and Valuations Control. The department’s key responsibilities include:

• P&L reporting, attribution & commentary
• Independent price verification
• Reserving methodologies, including provisions, valuation adjustments and prudential capital reserves
• Leading/Implementing key firm-wide valuation projects
• Ensuring the correct controls and processes are in place to manage new and existing products

The team covers the full suite of products traded by the organisation including Interest Rates, FX, Credit, Equity and Hybrids, including vanilla and exotic portfolios.

The department is central to the business and other support departments and is significantly involved with major systems implementations programmes. This may involve business process re-engineering and developing new processes entirely as well as enhancing current P&L and valuation methodologies.

Key responsibilities

• Preparation and analysis of daily P&L by risk attribution;
• Preparation and analysis of daily bid/offer provisions;
• Conducting detailed analysis in support of the Product Control function;
• Liaison and control of Front Office and all trade support teams;
• Ad-hoc projects and systems implementation / enhancements;
• Implementing effective process controls and process re-engineering.

Essential skills required:

• Knowledge of capital markets and financial market products;
• Competent level of Excel, Visual Basic and Access skills;
• Excellent mathematical skills and attention to detail.

Desirable skills:

• Up to four years experience working within financial services in a similar role;
• Part qualified CIMA/ACA/CFA;
• A basic understanding of financial regulations and how they affect the business;
• A basic knowledge of Reuters and/or Bloomberg systems

Person profile:

To be successful prospective candidates need to be pro-active and self motivated. Candidates need to be able to manage their own day to day activities as well as being able to use their own initiative.

Given the nature of the role, candidates need possess excellent communication skills and be able to demonstrate that they can interact with and influence all levels of management and peers alike.

We are looking for a good team player with a flexible approach who has a calm and methodical demeanour even in a pressurised environment.

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