Director, Credit Trader

Job Opportunity with Mitsubishi UFJ Financial Group (MUFG)

Do you want your voice heard and your actions to count? Discover your opportunity with 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.

MUFG offers high-quality market-making services to clients in the international credit markets. Our integrated credit platform across trading, sales, and strategy provides services to support our debt capital markets franchise and investor client base, trading global credit and covering all major institutional investors. Our team of nearly 100 professionals spans London, New York, Hong Kong, and Singapore, with trading expertise across all major corporate and financial bonds. We cover the following:

• Investment grade and crossover (Europe, US, Asia)
• High yield (US, Asia)
• Emerging markets (CEEMEA, Latin America, Asia)
• Asset swaps /Illiquid credit including hard and local currencies (Europe)
• CDS single name (Europe)

Our growing presence in electronic trading on all major platforms, including Bloomberg ALLQ, MarketAxess, and Tradeweb, ensures consistent and timely execution of all client corporate bond trades.

Main Purpose of the Role

Trading US$ denominated debt issued by non-US companies

Key Responsibilities

• Responsible for growing and maintaining secondary bond trading volumes and revenues in line with business targets
• Partner with Sales teams globally to increase our profitable market share in the US$ Yankee bank sector with our core investor base.
• Collaboration and partnership with New York Trading desk and overnight traders in Hong Kong / Tokyo to leverage our global platform and service our global client base.

Work Experience

• Strong track record of building a Credit business, with relevant relationships that can be leveraged to build a US$ Yankee bank franchise at MUFG
• Extensive, expert knowledge of the Non-US bank and FI Sector
• Ability to manage US$ credit trading in a resource-efficient, profitable manner, within parameters of Limits within Dealing Mandate and within MUFG’s Risk Appetite Framework
• Significant Credit experience, in Buy or Sell side
• Consistent PnL track record

Skills and Experience Functional / Technical Competencies:

• Essential: Excellent Microsoft Office skills
• Preferred: Programming capabilities preferred.

Personal Requirements

• A diligent, proactive and thoughtful risk manager
• A strong sense of accountability with a proactive, and solution-focused approach
• Excellent communication and interpersonal skills
• Calm approach, with ability to perform well in a high pressured environment, and deliver with focus on priorities
• Strong decision-making and problem-solving skills and an ability to articulate and justify approach
• A structured and logical approach to work
• Demonstrable sound judgement
• An entrepreneurial, risk-focused mindset
• A creative and innovative approach to work
• Excellent attention to detail and accuracy
• A team player
• Acts in accordance with MUFG’s Culture Principles, including for Risk Culture, and with due care as a Certified Person

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.

Managing Conflicts of Interest

The role holder will:

• Have responsibilities for both MUFG Bank and MUFG Securities EMEA plc, as a dual-hatted individual, as per the terms of the Dual-Hat Arrangement Agreement in place between the two entities.
• Be required to perform their duties and responsibilities on an entity-neutral basis, without favor
• Be 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.
• Will be required to follow terms dictated by functional mandates
• 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.

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.

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.

Our Culture Principles

• Client Centric
• People Focused
• Listen Up. Speak Up.
• Innovate & Simplify
• Own & Execute