Created at: March 08, 2025 00:09
Company: MUFG Securities Americas Inc.
Location: New York, NY, 10001
Job Description:
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. 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. The Fixed Income Associate/AVP 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 settlements team as project tasks complete. Key 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 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. Qualifications: Bachelor's degree in Finance, Economics, Business Administration, or a related field. 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. The typical base range for this role is between $90K and $112K per year depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. 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. For more information on our Total Rewards package, please click the link below. MUFG Benefits Summary We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any. The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified. We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law. 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