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MUFG Associate/VP, CLO Trader in New York, New York

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 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.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Position Summary:

Trader on the CLO Trading Desk. Will be responsible for trading p/l, market making, client runs management, settlement, valuations and other trading responsibilities. This person will work with other traders in the group and will help to build our credit franchise.

Responsibilities:

  • Provide backup support to senior CLO trader on the desk, on an as needed basis.

  • Provide active markets for clients via both sheet inventories as well as BWICs.

  • Generate trade and market ideas internally to be conveyed to clients in order to generate PNL opportunities for the desk as well as build on existing client connectivity

  • Assist with monitoring both credit and interest rate risk for individual books and among the desk as a whole. Help to ensure the desk meets all compliance procedures and is appropriately aligned with our market view.

  • Generate daily reports to be sent firm wide, including: PNL, End of Day Recaps, Trade Volume reports, etc.

  • Adapt quickly to changing priorities on the desk as the franchise expands and deliver ad-hoc solutions when necessary

Requirements:

  • Bachelor’s degree

  • Prior CLO trading or banking experience preferred

  • Excellent interpersonal and communication skills

  • Results driven, with a strong sense of accountability

  • Strong decision making skills, the ability to demonstrate sound judgment

  • A pro-active, motivated approach

The typical base pay range for this role is between $150K - $250K 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 (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)

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 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.

At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!

Our Culture Principles

  • Client Centric

  • People Focused

  • Listen Up. Speak Up.

  • Innovate & Simplify

  • Own & Execute

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