Triparty Operations Associate/AVP

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 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. The Triparty Allocation Associate/AVP is responsible for managing and optimizing the allocation of collateral in triparty repo shells. This role ensures that collateral is accurately and efficiently allocated, monitored, and reported in compliance with regulatory requirements and internal policies. The ideal candidate will have strong analytical skills, attention to detail, and a solid understanding of the triparty collateral allocation processes. Key Responsibilities: Triparty Allocation and Management: Monitor and actively process the daily matching and allocation process on BONY Tri-party platforms (BONY Domestic Accessedge & Global Accessedge). Ability to communicate issues and escalations succinctly and accurately to front office business partners, counterparties, and vendors. A firm understanding of the cash management process and using eCPO tool on AccessEdge when optimizing tri-party allocations. Execute daily allocation of collateral in triparty agreements, ensuring accuracy and compliance with contractual terms, including hard-to-allocate equities and corporate bonds. Monitor triparty allocation levels and optimize allocations to meet margin requirements and mitigate risk. Reconcile allocated triparty positions and resolve discrepancies promptly. The ideal candidate would be knowledgeable in processing Tri-party loans and allocation uploads in the Broadridge Impact (ICI) system. Data Analysis and Reporting: Generate and analyze reports on collateral allocation, usage, and sufficiency. Identify trends and areas for improvement in collateral allocation processes. Provide front office with morning collateral reporting for start of the trading day. Ability to learn and navigate systems specific to MUFG only. Compliance and Risk Management: Ensure compliance with regulatory requirements and internal policies related to triparty allocations. Collaborate with risk management teams to assess and mitigate risks associated with collateral allocation. 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 triparty allocation processing tasks. Client and Counterparty Interaction: Liaise with clients, counterparties, and custodians to resolve issues related to triparty allocations. Provide exceptional customer service and support to internal and external stakeholders. Communicate effectively to ensure all parties are informed about triparty allocation statuses and requirements. Qualifications: 2-4 years of experience in triparty allocations with a broker-dealer. Strong analytical and problem-solving skills with a high attention to detail. Proficiency BONY Accessedge, BONY BDC, and intermediate to advanced MS Excel is required. Excellent communication, interpersonal and relationship management skills. Ability to work independently and as part of a team in a fast-paced environment. Ability to work under high pressure and multi-task Key Competencies: Highly motivated individual who is driven, enthusiastic, and eager to accomplish individual and team focused goals. Ability to analyze complex data and make informed decisions. Meticulous in ensuring accuracy and completeness in all tasks. Clear and effective communication with stakeholders at all levels. Proactively identifies issues and develops effective solutions. Collaborate effectively with colleagues and stakeholders. Ability to meet strict time deadlines throughout the trading day. Education: Bachelor’s degree in finance, Economics, Business Administration, or a related field. The typical base pay range for this role is between $91K - $121K depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonuses 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.