Liquidity Risk Manager (ILAAP Specialist)

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.

Would you like to work for one of the World's largest banks in an exciting, dynamic and international environment?

We are currently recruiting a Liquidity Risk Manager (ILAAP Specialist) in Amsterdam.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

About MUFG in the European Economic Area

Following the decision taken by the UK in 2016 to leave the European Union, MUFG has taken all of the necessary steps to ensure the continuation of all services to clients, regardless of their location. Clients located in the European Economic Area (EEA) access services through MUFG Bank (Europe) N.V. as well as MUFG Securities (Europe) N.V.

About MUFG Bank (Europe) N.V.

MUFG Bank (Europe) N.V. (MBE) is a fully-owned subsidiary of MUFG Bank, headquartered in Amsterdam. With offices throughout Europe, our teams provide clients with comprehensive financing solutions spanning Coverage & Structured Finance, Capital Markets and Transaction Banking, using MUFG’s global reach to provide bespoke solutions. With 73 green, sustainability, sustainability-linked and transition bond tranches in 2021 and 51 sustainability-linked loans in EMEA in 2021, MUFG is committed to supporting clients to achieve sustainable business growth.

Your impact at MUFG

MBE is expanding its liquidity risk management framework as a result of business developments within the MBE organization. We are looking for a Liquidity Risk Specialist with a quantitative background that will help the bank with the ILAAP, liquidity stress testing and further professionalisation of the liquidity risk framework. The ILAAP, along with the role of Liquidity Risk Specialist, will move to first line of defence in due course.

Function positioning

The Market Risk Management (MRM) team comprises market and liquidity risk management. The role is to lead the ILAAP, support with other elements of the SREP, enhance and expand the liquidity risk framework such that it is aligned with business expansion and regulatory developments. The function will be involved in liquidity stress testing, reporting to relevant committees and recommend appropriate action to the senior management. Currently the MRM team consists of 4 members, and reports to CRO.

This role will report to the Head of MRM, who acts as a team lead. The VP will have regular interaction with senior professionals within MBE and MUFG Group.

The role includes the following:

• Leading the Internal Liquidity Adequacy Assessment (ILAAP) and support SREP processes;
• Interpreting and implementing European regulation for liquidity risk;
• Enhancing the liquidity risk management framework to match structural changes and business developments within MBE;
• Assessment of business plans, funding plans and new products, namely their impact on liquidity and funding risk;
• Regular communication with regulators (DNB and ECB);
• Alignment with MUFG stakeholders in London and Tokyo;
• Communication with MBE stakeholders in Treasury, Finance, Data Management, Planning and Regulatory Affairs;
• Assisting in preparing regular reporting where necessary;
• Assisting in other ad-hoc assignments and projects owned by the MRM team.

In order to be successful in the role, you will need the following:

Skills and experience:

• Preferably 10+ years of work experience in banking, or finance advisory roles;
• Experience with ICAAP, ILAAP, SREP;
• Ability to document risk management frameworks and processes;
• Liquidity stress testing experience;
• Good understanding of Treasury products and processes;
• Willingness to perform this role in the second line of defence (immediate) or first line of defence (future);
• Knowledge of both corporate banking and broker/dealer products preferred;
• Experience in a Treasury front office role is preferred;
• Intraday liquidity stress testing experience preferred;
• Working knowledge of Python and SQL preferred;
• A completed CFA, FRM or PRM is preferred;
• Fluent language skills in English.

Personal Requirements:

• Proven analytical and problem solving skills with high attention to detail;
• Excellent written communication and presentation skills, with ability to explain a complex topic in a structured and clear manner;
• Team player with ability to collaborate in cross-division teams and display organizational sensitivity in a very diverse environment;
• Ability to handle a diverse workload.

Personal requirements:

Integrity and Responsibility

• Balance Risk with Opportunity
• Customer Focus
• Demonstrate Global Perspective

Professionalism and Teamwork

• Drive For Results
• Collaborate and Build Partnerships
• Communicate Effectively and Professionally

Challenge Ourselves To Grow

• Influence and Inspire Others
• Lead Change & Seek Continuous Improvement
• Think Strategically
• Manage and Develop Talent

What do we have to offer:

We offer you a role in one of the largest banks of the world in a growing and international environment. You have various opportunities to develop yourself and we will support you with that by offering various training and development possibilities.

• We take into account your home situation and your ambitions and help you to balance work and private life.
• Monthly team events.
• To work in an ambitious, international environment with colleagues from different countries and cultures, who strive for the best.

Besides that we will offer you:

• Gross salary based on experience and consistent with the market
• 8% holiday allowance and 13th month payment.
• 30 vacation days per year. Optional you can buy 15 additional days.
• Commuting allowance based on annual public transport 2nd class, most economical way, or € 0,23 per km with a max of 75km one way.
• €5,00 net remote working compensation per day, with a maximum of €60,00 per month.
• Possibility to order a mobile phone (up to €800,-)
• Possibility to order Office Equipment’s for the home office, (up to €500,-)
• Remote Working Policy i.e. Working From Home (WFH) and Remote Working in another Country.
• Bicycle plan (fiscal benefit)
• Company fitness (fiscal benefit)
• Mental health workshops and budget for external courses (i.e. Dutch language classes).
• Employee contribution towards Pension insurance (max 5%, currently 2%), our pension scheme is based on a defined contribution scheme.
• Training & development possibilities paid by the bank

Additional information:

The role is based in the Netherlands. All candidates need to be willing to relocate to the Netherlands. Internal employees will be supported in case of relocation.

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.

About US

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