Director, Business Manager - Rates

Mitsubishi UFJ Financial Group•New York, NY

11d•Hybrid

About The Position

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 150,000 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. Job Summary : The Business Manager – (D) will, together with existing Business Management team, support the International Global Markets Sales & Trading businesses. His/her primary focus will be supporting the Head of Global Markets Rates Trading, based in NY. In-scope businesses include Government Bonds, Interest Rate Derivatives, Mortgages, Asset-backed Securities and Securities Financing. The candidate will assist in delivering strategic growth initiatives and well as provide critical analysis and support around teams’ performance, cost management and competitive landscape.

Requirements

A minimum of a bachelor’s degree
A minimum of 10 years of prior large corporate financial services work, with experience preferably as a Sales, Trader or Business Manager supporting a complex Fixed Income global bulge-bracket banking organization
A demonstrated, in-depth understanding of the global markets business
Knowledge of business trend analysis, data mining, data analysis, resource allocation
Prior experience in creating timely and quality presentations for various levels of seniority
Highly motivated and proactive mindset and manner
Calm, collected, and thoughtful under pressure
Ability to travel to London, Hong Kong, Tokyo as needed
Assess the automation opportunities and streamline process
Excellent MS application skills, including Excel, Teams and PowerPoint
Strong decision-making skills, the ability to demonstrate sound judgment
A structured and logical approach to work
Strong problem-solving skills

Nice To Haves

An advanced master’s degree in accounting, financial engineering and/or a CPA/CFA certification or an MBA is desirable
Prior experience in a Business Strategy function is a plus
Intermediate proficiency with Python, Power BI/Tableau desirable

Responsibilities

Assist with the development and delivery of strategic forward-looking business plan in three-year cycles (Medium Term Business Plan – “MTBP”) and business planning to support the development and growth of the businesses, including but not limited to Help in continuous refinement of the product strategy and new product development
Lead new product development in collaboration with internal support teams and promote business priorities
Cost analysis (systems, vendors, internal allocations, etc)
Budget / resource planning to meet revenue/NOP targets
Working closely with product lines to ensure strategy and execution of business plan initiatives are synched
Participate and provide business knowledge into Front Office Control working groups and forums
Engagement with market surveys for peer analysis
Take the lead to manage, as appropriate, with business impacting issues like IT outages, vendors, etc
Manage business specific third parties and affiliate vendors
Work with Front Office Change Team on projects aligned to Rates business to provide guidance and ensure they are delivering as expected
Ensuring that a robust control and governance framework is in place that allows the business to react to market opportunities while adhering to policies, procedures and regulations, including but not limited to:
Managing the business interaction with support functions including internal audit and operational risk
Acting as a core member of committees to represent trading desks alongside the Head of Global Markets Business Management
Ensuring that the Front Office Sales & Trading roles, responsibilities, processes and controls are appropriately documented and managed, working with compliance and legal to develop solutions to ensure regulatory compliance
Responsible for stakeholder engagement on aspects impacting sales but not limited to:
Work alongside the other Global Markets Business Management individuals to oversee, develop and drive the implementation of new initiatives to increase business efficiencies.
Engage with other stakeholders both internally and externally to ensure appropriate representation.
Organize commentary of business performance, status of hiring plans, and business initiatives for governance and management meetings