UST and MBS Rates Trader - Seconded to Tokyo

UST and Agency MBS Trader

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.

You will be responsible for performing the role of UST and Agency MBS Trader in support of the International Framework of Mitsubishi UFJ Securities Holdings (MUSHD). As such, you will be accountable and responsible for performing your role according to the policies, procedures, delegated authorities, trading limits and risk governance of the MUSHD Operating Entities through which your business unit operates.

As UST and Agency MBS Trader you will work closely with sales and other stakeholders to enhance client relationships and MUFG’s market presence in Asia.

Key Responsibilities

• Bid/offer and hedge USTs, T-Bills and Strips for clients in the Asian time zone according to any relevant restrictions, limits or internal mandates.
• Bid/offer TBAs, specified pools, CMOs and ACMBs for clients in the Asian time zone according to any relevant restrictions, limits or internal mandates.
• Hedge MBS transactions with UST, futures or options according to applicable risk management standards within MUSHD’s International platform.
• Act as the UST and MBS product expert in the Asian time zone.
• Build and enhance client relationships in UST and Agency MBS.
• Travel with sales as needed to visit clients in the Asian region.

Strategy Development

Understand and execute UST and Agency MBS transactions in line with the business objectives of the regional and International platform, agreed with relevant stakeholders.

Risk Management

As UST and MBS Trader, you will be responsible for the risk being run across UST and Agency MBS during the Asian trading day. You are/will be responsible and accountable for managing relevant risks of your transactions within the firm’s risk appetite including through the use of market-leading risk management models and monitoring tools. Conduct business in line with internal policies and procedures as well as regulatory requirements.

Regulatory Compliance Controls and Compliance

You are responsible for ensuring the Company’s compliance with internal risk and compliance requirements, controls and procedures, including personally following all relevant policies and procedures, and ensuring those in your teams also follow policy and procedures, including "MBS Desk Procedures".

Technical Capability

You are responsible for assisting independent risk managers with the evaluation, development, and maintenance of a stress testing framework that is congruent with the risk profile of the International Business and calibrated to the risk appetite approved by MUSHD; in conjunction with the Operating Entity CROs, you will ensure that a process is in place to constrain risk tendency within the approved risk appetite.

People Relationship with Other Functions and Stakeholders

Maintain and enhance good working relationships with stakeholders, across the region and globally to share best practices, provide support and develop effective local policies and procedures appropriate to the Company, and working in support of the One MUFG and overall Group strategy.

Work Experience

Essential:

• 3+ years trading UST and Agency MBS in the Asian time zone
• Strong excel and VBA skills
• Bachelor's Degree in Finance, Mathematics, Engineering, or Computer Science
• Strong written and verbal communication skills

Preferred:

• Japanese fluency preferred
• Masters Degree a plus
• CFA designation a plus

We are open to considering flexible working requests in line with organizational 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.

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.