Director, High Yield Trader

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.

Job Overview / Responsibilities:

·       Make markets and provide liquidity in HY Bonds to MUFG’s institutional clients.

·       Manage risk across a portfolio of HY Bonds including hedging on both an individual instrument level as well as on a portfolio level.  Trader is expected to work closely with research to assess the credit quality and specific credit risk in the desk’s positions.

·       Manage the business’s balance sheet including monitoring the settlement and closing process as well as open trades.  Pitch trade ideas to clients and provide relevant analysis to support recommendations.

·       Work closely with sales to understand the objectives of their clients and how MUFG can assist in attaining those objectives.

·       Work closely with MUFG’s Leveraged Finance Capital Markets team and provide market color, views and intelligence to help them assess market conditions for the firm’s issuing clients.

·       Work closely with sales and capital markets to help build and expand the firm’s leveraged finance franchise including participating in daily market commentary calls as well as participating in client entertainment.

Job Requirements / Skills:

·       Position requires extensive credit knowledge including financial statement analysis and thorough covenant knowledge.

·       Position requires advanced fixed income analytical skills as well as the ability to be a “quick study”.

·       Position requires strong interpersonal and communication skills.

·       Candidate must be highly motivated, be a self-starter and work well in a team environment.

Experience Required:

·       10+ years of High Yield Bond trading experience.  Must have broad and deep client relationships across both the long only and hedge fund communities.

·       MBA or CFA is preferable but not required.

·       Series 7 and 63.

·       Professional track record of high achievement and success including consistent profitability and significant market share.

The typical base pay range for this role is between $255K - $330K 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 A