MBS Operations & Securitized Product Secondary Support, AVP- Hybrid

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 160,000 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.

This is a hybrid position. The selected colleague will work at an MUFG office or client sites up to four days per week and work remotely the remaining day(s). A member of our Talent Acquisition team will provide more details.

MBS Operations & Securitized Product Secondary Support Team, is part of MUSA’s Operations - acting in a Middle Office capacity, supporting the growing Agency MBS & CMO Desks, as well as Secondary ABS & CLO Trading providing various functions.  This past year (and since inception ~6 years ago) the Desk has experienced extraordinary growth on the Trading & Sales front, which has resulted in record profitability—stemming from a record number of Outright transactions, Deals & Inventory turnover—which the team manages through our BAU functionality.

The Team works closely with the Traders & Salesforce, ensuring timely Trade Booking & Matching for Reg Reporting purposes; and also handles Splits/Allocations & TBA Allocations related processes as an MBSCC Netting Member Participant.  To ensure enhance controls and proper BAU backfill, we are requesting the addition of another seasoned professional at the Assoc./AVP Title who can help ensure proper coverage and continued improvement to adhere to the ever-improving standards we—within MUSA Ops & and MUFG as a whole—have come to expect.

Job Description

• Seeking candidate to fulfill a multi-functional position within the MBS Operations & Securitized Product Secondary Support Team.  This team covers the Agency MBS & CMO Desks, as well as the ABS & CLO Secondary Desks here at MUFG.

• Primary function of this role is assisting the Trading Desk and Salesforce with vital trade events including:  Trade Matching, Subaccount Allocations & Trade Confirmations; the Team is also responsible for monitoring MBSD’s RTTM & TRACE Reporting, in real-time; Collateral Management for MBS Outright, Forward Settling Transactions; Post Settlement P&I Open Item cleanup and Front-to-Back Reconciliation across a complex trading infrastructure that is constantly evolving to meet the demands of New Products

• Daily Functions typically include:

  • Front-to-Back Reconciliations

  • Confirm & Allocate Trades via OASYS, CTM & email using MOCCA (in-house Middleware)

  • Issue & Respond to Daily bilateral MSFTA Margin Calls

  • Review & Distribute Reporting Required by Front Office Supervisory

  • TBA Allocations & MBSCC Related Activity—including AOTs, RTTM & Novation

  • Monitor TRACE in Real Time; Liaise with Desk & Reg Ops to properly capture Exception Reporting

• Periodically reviews the relevant procedures to ensure appropriate control and consistency with Head Office guidelines and bank regulations. 

• Ensures adherence to all bank policies and procedures relative to Regulatory Compliance including but not limited to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Act, Privacy Act, Regulations Q& X, Customer identification Program, Know Your Customer, Suspicious Activity Reports

Qualifications

• Undergraduate Degree, with ~5 years of MBS and/or Securitized Product Operations / Middle Office experience

• Bachelor's Degree in Finance / Operations Management, or

• Firsthand experience on Broadridge’s MBS system stack (MBS Expert, Impact/ICI, BPS) a big plus

• Knowledge and understanding of TBA Allocations processes and MBSCC Lifecycle including RTTM & Novation

• Very strong customer service skills with exceptional written and verbal communication skills

• Strong problem solving, research and analytical skills with the ability and willingness to work in a structured, high paced environment, with daily routine operations

• Detail-oriented, conscientious and energetic professional with ability to think creatively

• Self-driven and highly motivated team player

• Ability to operate in a challenging and rapidly changing environment with a desire to accept new assignments and the ability to learn new principles and dynamic systems quickly

The typical base pay range for this role is between $90K - $110K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

 

MUFG Benefits Summary

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law. 

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