Triparty Operations Manager, VP

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. 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.

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).

  • 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.

  • 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.

• Compliance and Risk Management:

  • Ensure compliance with regulatory requirements and internal policies related to collateral management.

  • 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.

• Manage and Develop talent to improve individual skills and department performance.

• Responsible for key process controls and key escalations.

Qualifications:

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.

• 5-10 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 MS Excel is required.

• Excellent communication and interpersonal skills.

• Ability to work independently and as part of a team in a fast-paced environment.

Key Competencies:

• Highly motivated individual who is driven, enthusiastic, and eager to ac