Analyst, Risk Analytics Group

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.

OVERVIEW OF THE DEPARTMENT/SECTION

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.

MUFG EMEA Securities (MUSE) 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.

Risk Analytics Group is a specialized area in the Risk Department with the team head reporting to the local and international CRO. The team members have strong quantitative skills and are responsible for Market Risk Models, Capital Models, Counterparty Exposure models and Pricing Model Validation.

NUMBER OF DIRECT REPORTS

Not applicable

MAIN PURPOSE OF THE ROLE 

Responsible for the Market Risk models that support VAR/IRC and related capital metrics. These models are used for internal control as well as regulatory capital via the IMA (Internal model based approach). The VAR model covers Rates, FX, Credit, inflation, and Equity.

Work closely with other team members, market risk within risk, the IT development teams, project management teams and risk model validators. Work in an inclusive and proactive way, ensuring that the team is reactive to new model development and to resolving issues as they arise, and communicate clearly in reporting to management.

KEY RESPONSIBILITIES

Specifically, you will be accountable and responsible for taking appropriate action with respect to the Company’s and RAG, including:

• Assist with risk model development and maintenance

• Develop, maintain and improve Market risk models

• Specifications for revised approach for updated approach to meet FRTB regulations

• Design and run model validation tests, for both model assumptions and implementation. Investigate issues and propose

• Plan changes where there are model weaknesses.

• Specify and test system changes to implement improvements.

• Improve existing operational controls around the models and propose new ones to increase robustness.

• Support business and market risk department requests in investigations on specific issues.

• Ad-hoc projects as required, including collaboration with market risk analytics and model validation.

• Ad-hoc projects as required

• Proactively contribute to wider Risk function initiatives and projects.

WORK EXPERIENCE

Experience within Financial services firm

SKILLS AND EXPERIENCE

Required

• Solid quantitative skills (computer science or maths/statistics or finance higher education at MSc level or above)

• Understanding of financial markets and products including derivatives

• Familiarity with principles of pricing derivatives

Desirable

• Experience of risk related role

• Excellent Excel knowledge and experience of VBA/Python/R required

PERSONAL REQUIREMENTS

• Excellent communication skills, with the ability to adjust to different audiences.

• Highly motivated and innovative, able to work on own initiative

• Excellent accuracy and attention to detail with an analytical mind-set

• Good team player with professional attitude

• Good time management and ability to prioritise

• Ability to manage large workloads and tight deadlines, balancing urgent tasks and longer term projects

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/dual hat status (If Applicable)

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.

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.