Operations Fed Settlements Vice President

Mitsubishi UFJ Financial Group • New York, NY

4d • 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 Description The Fixed Income VP is responsible for the settlements of a high dollar value US Treasury portfolio across multiple security settlement accounts. The ideal candidate will have strong analytical skills, attention to detail, and a solid understanding of the settlement processes and exception management. In addition, the candidate will be capable of handling project related tasks and integrate into the team with a team lead mentality.

Requirements

• 3-5 years of experience in US Treasury securities settlements, preferably in a broker-dealer environment.
• Strong analytical and problem-solving skills with a high attention to detail.
• Proficiency BONY BDC, Broadridge Impact, Broadridge BPS and MS Excel.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team in a fast-paced environment.
• Meticulous in ensuring accuracy and completeness in all tasks.

Responsibilities

• Securities Settlement and Exception Management: Monitor and actively process US Treasury Settlements utilizing Bank of New York and Broadridge Impact. Exceptional knowledge of settlement exception queues and trade flows across systems and the organization. Ability to work within FICC and manage uncompared queues with an understanding of Central Clearing and Sponsored Repo requirements. Ability to process pairoffs, handle TMPG requests, own repricing needs, and work within a fast-paced team to deliver information timely and accurately. A firm understanding of the cash management and cash projections for clear and concise reporting to business key stakeholders.
• Knowledge of wire processing and ability to process sensitive cash movements with strong attention to detail and exceptional communication skills to ensure items make it through the wire processing workflow on a timely basis. Ability to handle key controls, be a responsible owner, and communicate issues to reduce firm risk. Ability to reconcile accounts and research breaks; requires strong understanding of general ledger trade workflows to effectively resolve breaks and reduce their instances.
• Data Analysis and Reporting: Generate and analyze reports on fails and provide robust commentary for key stakeholders on a daily basis. Work with key stakeholders on project requirements and potential process flows Provide trade workflows for new business requirements (Central Clearing, Sponsored Repo, ACAP, etc.).
• Compliance and Risk Management: Ensure compliance with regulatory requirements and internal policies related to settlements. Collaborate with risk management teams to assess and mitigate risks associated with settlements. Participate in internal and external audits, providing necessary documentation and procedural explanations.
• Process Improvement: Identify opportunities for automation and process enhancements to improve efficiency and accuracy. Collaborate with internal and external teams to implement and test system enhancements. Maintain operating procedures and task controls for settlement processing tasks.
• Client and Counterparty Interaction: Liaise with clients, counterparties, and custodians to resolve issues related to settlements. Provide exceptional customer service and support to internal and external stakeholders. Communicate effectively to ensure all parties are informed about key settlement concerns and issues.

Benefits

• 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.
• MUFG Benefits Summary

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees