Analyst, Guarantees Analyst Analyst, Guarantees Analyst …

MUFG
in London, United Kingdom
Permanent, Full time
Last application, 06 Jan 21
Competitive
MUFG
in London, United Kingdom
Permanent, Full time
Last application, 06 Jan 21
Competitive
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 offices in more than 50 markets. The Group has over 180,000 employees, and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

The Guarantees team is part of the Regional Operations Product Service Pillar, within the Operations Division for EMEA.

 

The Guarantees team is responsible for the timely and accurate processing of Customer Guarantee Applications and the booking of the obligation Into the Banks books and records. The Guarantees Team reports in to the Head of Loans Services and provides services to the customers of GCIB and JCIB Divisions.

The Guarantees Team will work on issuance and amendments of Guarantees, and wording reviews, as well as dealing with scheduled and unscheduled events, fee administration, issues and queries, these must be dealt with quickly and efficiently, and these must be administered in accordance with the relevant Instruction and/or procedure.

 

NUMBER OF DIRECT REPORTS

N/A

 

MAIN PURPOSE OF THE ROLE 

  • Ability to review and structure guarantees to ensure they comply with both the banks’ procedures and processing requirements.
  • Ability to provide a Guarantee advisory service as a recognised technical expert.
  • Familiarity of all MT7XX series Swift formats and all payment orders/advices.
  • To be computer literate and fully conversant with MS Office tools.
  • Full familiarity of all types of demand guarantees and Standby Letters of Credits, including but not limited to bid, performance, advance payment, warranty, retention.
  • Ability to review and construct a guarantee wording, working closely with Legal as required.

 

KEY RESPONSIBILITIES

 

In this role, you will be responsible for Guarantees across MUFG’s banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you.

 

  • Effectively manage and prioritise workflows to ensure all transactions are organised to meet service level agreements with minimal supervision
  • Responsible for the input process.
  • Responsible for providing support to Paris branch for the input of a vast number of guarantees and subsequent revalue and fees on syndicated deals.
  • Assist with ensuring all procedures and directives are up to date and maintained within the team.
  • Ensure compliance with all Bank and Regulatory requirements in order to minimise exposure to risk and to safeguard against financial loss to the Bank.
  • Provide training and guidance to team members on the guarantee process, and to act as a ‘go-to’ person in order to resolve day to day operational issues.
  • Process and maintain guarantees as required. Monitor all guarantee events.
  • Report and control all pending items, and timely escalation all of matters requiring management attention.
  • Establish and maintain effective working relationships with all stakeholders.

 

 

WORK EXPERIENCE

  • Significant experience within a Guarantees environment ideally at a leading International Bank.
  • Experience working with clients with tight deadlines, and prioritising their work
  • Proven experience of self-managing workflows.
  • Experience of working in a fast moving environment under time pressure whilst retaining strong attention to detail.


SKILLS AND EXPERIENCE

 

Functional / Technical Competencies:

 

Essential

  • Demonstrable knowledge of all guarantee and Standby Letters of Credit products and their lifecycles.
  • Technical competence in all rules and publications by the ICC, including and not limited to UCP600,  ISP98, URDG758

 

Education / Qualifications:

  • Essential A level or equivalent education is preferred.
  • Equivalent experience will be considered.
  • Industry qualifications, i.e. CDCS, CSDG will be an advantage

 

PERSONAL REQUIREMENTS

 

  • Excellent communication skills
  • Results driven, with a strong sense of accountability
  • A proactive, motivated approach.
  • The ability to operate with urgency and prioritize work accordingly
  • Strong decision making skills, the ability to demonstrate sound judgement
  • A structured and logical approach to work
  • Strong problem solving skills
  • A creative and innovative approach to work
  • Excellent interpersonal skills
  • The ability to manage large workloads and tight deadlines
  • Excellent attention to detail and accuracy
  • A calm approach, with the ability to perform well in a pressurised environment
  • Strong numerical skills
  • Excellent Microsoft Office skills

 

 

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

 

MANAGING CONFLICTS OF INTEREST

  • The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
  • The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
  • The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
  • Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
  • The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

 

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

 

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.

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