Overview
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). 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. Disputes and conflicts between your business unit and/or any MUSHD Operating Entity will be escalated and resolved according to the MUSHD's Global Governance framework. 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.
Responsibilities
* Bid / offer and hedge USTs, T-Bills and Strips for clients in the Asian time zone according to relevant restrictions, limits or internal mandates.
* Bid / offer TBAs, specified pools, CMOs and ACMBs for clients in the Asian time zone according to 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.
* Accountable and responsible for executing and implementing the business strategy and objectives of the UST and MBS Trading Business, working closely with the Heads of Rates Trading Group EMEA and Americas, and the Head of MBS Trading on guidance on inventory and pricing, hedging ratios.
Strategy and Risk Management
* Strategy Development: Understand and execute UST and Agency MBS transactions in line with the business objectives of the regional and International platform, as agreed with relevant stakeholders.
* Risk Management: You will be responsible for the risk across UST and Agency MBS during the Asian trading day. You are accountable for the following risks within the firm’s risk appetite:
* Managing relevant risks (including market, credit, operational and conduct risks) of your transactions using risk management models and monitoring tools.
* Conducting business in line with internal policies and procedures as well as regulatory requirements.
Regulatory Compliance and Controls
* Ensure the Company's compliance with internal risk and compliance requirements, controls and procedures, including following all relevant policies and procedures and ensuring those in your teams also follow policy and procedures (including, but not limited to, "MBS Desk Procedures").
Technical Capability
* Assist independent risk managers with the evaluation, development and maintenance of a stress testing framework aligned with the risk profile of the International Business and calibrated to the MUSHD-approved risk appetite; collaborate with the Operating Entity CROs to ensure this process constrains risk tendency within the approved risk appetite.
People and Relationships
* 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 in support of the One MUFG and the Group strategy.
Qualifications
* 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.
* Japanese fluency preferred.
* Master's Degree a plus.
* CFA designation a plus.
* Flexible working arrangements may be considered in line with organizational requirements.
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