Vice President, Credit Trader MENA

Posted:
9/22/2024, 5:00:00 PM

Location(s):
England, United Kingdom ⋅ London, England, United Kingdom

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

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.

OVERVIEW OF THE DEPARTMENT/SECTION

European Credit Trading is a market making business servicing clients both in the EMEA region and globally.  We trade cash bonds and CDS in Developed and Emerging Markets.

MAIN PURPOSE OF THE ROLE 

  • To trade corporate and sovereign issuers from the Middle East region with our global client base and to collaborate with Capital Markets to increase the footprint of our Credit vertical in the MENA region. To bring expertise of, and relationships with, MENA clients.

KEY RESPONSIBILITIES

  • Risk management of the CEM trading books. Connecting with MENA clients.  Partnership with Capital Markets and Sales teams.

WORK EXPERIENCE

Essential:

  • Experience of trading or sales in Emerging Markets and the MENA region specifically


Preferred:

  • Client relationships in the MENA region

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

Essential

  • Relationships and knowledge of MENA clients and their strategies. Ability to price MENA Credit risk, balance a portfolio of MENA risk, hedge interest rate risk, understand and adhere to limits.  Have the analytical skills required to assess credit risk.

Preferred:

  • Ability to connect with clients via ETFs and use technology to bridge our distribution gap.  Have direct client relationships in the region.  VBA or other programming skills.

Education / Qualifications:

  • University degree

PERSONAL REQUIREMENTS

  • Results driven, with a strong sense of accountability
  • A proactive, motivated approach.
  • The ability to operate with urgency and prioritise work accordingly
  • Strong decision making skills, the ability to demonstrate sound judgement
  • A structured and logical approach to work
  • Strong problem solving skills
  • A creative and innovative approach to work
  • 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
  • Strong numerical 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.