MUFG
Working Capital & Trade Finance - Vice President or Associate (various locations
MUFG, New York, New York, United States, 10001
Opportunity With Mitsubishi UFJ Financial Group (MUFG)
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. Position Summary
We are looking for a Vice President or experienced Associate to contribute to the Commodity & Structured Trade Finance business by working with senior Trade Finance Origination Officers in support of closing new deals and managing existing portfolio. This includes management of the internal approval process through engagement with related divisions such as applicable Credit approval departments, Trade Service Operations, Legal and Risk Management, Transaction Banking Division Tokyo. Responsibilities
Manage the ongoing execution responsibilities associated with the new and existing Trade Finance portfolio Instruct bank teams on the closings including letter of credit issuance/amendment and funding of discounting transactions. Interact with RMs, credit, legal, compliance and other internal teams Frequent interaction with middle and back office teams. Ensure transactions adhere with the banks compliance, risk and regulatory frameworks. Execute documentation and booking of transactions Proactively ensure all compliance and risk guidelines are adhered to in all transactions. Support origination of Documentary Trade Finance transactions with clients from initial pitch through to closing, with particular focus on standby letter of credit. Prepare marketing material, Evaluate transaction structure, Perform returns analysis, Prepare terms sheets, Assist with pitch books and other marketing material Assist in the negotiation and review of legal documentation Monitor existing portfolio for attrition and opportunities to increase utilization of existing facilities. Requirements
A Bachelor's degree is required A minimum of 5-7 years experience in trade finance, with emphasis on traditional trade finance / standby letters of credit Team-oriented and strong communication skills. Analytical and ability to work under pressure Strong MS Office skills, specifically Excel. Excellent analytical and written communication skills Ability to work in a multicultural environment Outstanding attention to detail and ability to manage multiple projects/tasks simultaneously The typical base pay range for this role is between $125K - $200k 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. 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 to the extent that they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). 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.
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. Position Summary
We are looking for a Vice President or experienced Associate to contribute to the Commodity & Structured Trade Finance business by working with senior Trade Finance Origination Officers in support of closing new deals and managing existing portfolio. This includes management of the internal approval process through engagement with related divisions such as applicable Credit approval departments, Trade Service Operations, Legal and Risk Management, Transaction Banking Division Tokyo. Responsibilities
Manage the ongoing execution responsibilities associated with the new and existing Trade Finance portfolio Instruct bank teams on the closings including letter of credit issuance/amendment and funding of discounting transactions. Interact with RMs, credit, legal, compliance and other internal teams Frequent interaction with middle and back office teams. Ensure transactions adhere with the banks compliance, risk and regulatory frameworks. Execute documentation and booking of transactions Proactively ensure all compliance and risk guidelines are adhered to in all transactions. Support origination of Documentary Trade Finance transactions with clients from initial pitch through to closing, with particular focus on standby letter of credit. Prepare marketing material, Evaluate transaction structure, Perform returns analysis, Prepare terms sheets, Assist with pitch books and other marketing material Assist in the negotiation and review of legal documentation Monitor existing portfolio for attrition and opportunities to increase utilization of existing facilities. Requirements
A Bachelor's degree is required A minimum of 5-7 years experience in trade finance, with emphasis on traditional trade finance / standby letters of credit Team-oriented and strong communication skills. Analytical and ability to work under pressure Strong MS Office skills, specifically Excel. Excellent analytical and written communication skills Ability to work in a multicultural environment Outstanding attention to detail and ability to manage multiple projects/tasks simultaneously The typical base pay range for this role is between $125K - $200k 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. 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 to the extent that they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). 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.