Quantitative Assistant Vice President job opportunity at MUFG (Mitsubishi UFJ Financial Group).

Home Jobs In United Kingdom Tag: Job Quantitative Assistant Vice President position at MUFG (Mitsubishi UFJ Financial Group)


DatePosted 2 Days Ago bot
MUFG (Mitsubishi UFJ Financial Group) Quantitative Assistant Vice President
Experience: 5-years
Pattern: full-time
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loacation London, United Kingdom
loacation London....United Kingdom

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. OVERVIEW OF THE DEPARTMENT/SECTION Risk Analytics Group (RAG) is a specialised area within the Risk Department, responsible for Market Risk Models, Capital Models, Counterparty Exposure Models and Risk models in general. The team members have strong quantitative skills and the team head reports to the local and international Chief Risk Officer. NUMBER OF DIRECT REPORTS N/A MAIN PURPOSE OF THE ROLE  This role is part of the Portfolio Credit Analytics sub-team of RAG. The team is responsible for the development and maintenance of economic capital models, portfolio credit risk models, scenario based stress testing models, product specific stress testing models, and rating models. The candidate will participate in the development and maintenance of economic capital models, stress expected loss models, and other stress testing models. The candidate will work with other colleagues in the team, in the wider Risk Analytics Group, and in the Risk area, in particular credit risk managers and model validation. KEY RESPONSIBILITIES The candidate will be responsible for: Developing, maintaining and improving economic capital models and other models the team is responsible for such as ECL stress testing. Designing and running model validation tests, for both model assumptions and implementation. Investigating issues and proposing changes where there are model weaknesses. Specifying and testing system changes to implement improvements. Ad-hoc projects as required, including collaboration with business, Credit Risk Management and Model Validation. Investigating issues relating to the Credit Risk Models. Proactively contributing to wider Risk function initiatives and projects. The candidate will be accountable for: The clarity and accuracy of the information shared during collaboration with colleagues WORK EXPERIENCE Required Previous experience with statistical models in finance Desirable Previous experience in Economic Capital models, including PD, LGD and EAD modelling Previous experience in Portfolio Credit Risk modelling Work Experience: 2 to 5 years experience in a Financial Services firm SKILLS AND EXPERIENCE Required Strong knowledge in statistics Knowledge of advanced programming languages (Python) Desirable Portfolio Credit Risk modelling Knowledge of basic theory of default modelling Education / Qualifications: Highly numerate education (Maths, Statistics, Engineering, Computer Science) at MSc level or above PERSONAL REQUIREMENTS Excellent communication skills with the ability to adjust to different audiences Highly motivated and innovative, able to work on own initiative Excellent accuracy and attention to detail with an analytical mind-set Good team player with professional attitude Good time management and ability to prioritise Ability to manage large workloads and tight deadlines, balancing urgent tasks and longer term projects Strong decision making skills, the ability to demonstrate sound judgement Strong problem solving skills Strong numerical 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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