AVP, Trading Desk Quant (Swaps), Global Markets IT Solutions Team

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.

Job Summary 

 The main objectives of the Markets Trading Desk Quant in the Global Markets Division of the Americas (GMDA) is to support the IRD / swaps trading desk and the xVA (FVA/ CVA) desk. This role will require a quantitative skill set as well as business analysis skills and knowledge of derivatives (Interest Rate Swaps). You will have the opportunity to learn and work closely with Sales, Traders, and various teams in capital markets within a front office environment. The candidate must take the initiative to drive results and support our business. 

 

Major Responsibilities 

Core Responsibilities: 

• Leveraging programming (i.e. Python) abilities to extract useful information from imperfect data, Executing statistical analysis with that data. Present statistical and nonstatistical results, using charts, bullets, and graphs, in meetings. 

• Expanding pricing tools and improving evaluation models by utilizing quantitative analysis tools and skills such as VBA programming, data mining software, and Object or component-oriented development software to support the swaps trading desk environment. 

• Validating the bank's Credit Valuation Adjustment (CVA) and Funding Valuation adjustment (FVA) pricing models and the desk risk produced by those models. 

• Support the development of the trading platform for the trading team, working directly with derivatives traders, and liaising with internal technology teams.  

• Utilizing strong analytical abilities, risk methodology knowledge, and finance and banking knowledge in the development of the trading platform. 

• Gathering, validating, cleaning, and organizing historical data for the Bank’s trading portfolios. 

• Applying business logic to a complex data environment, including each derivative products’ definition on the cash flow level based on linking information from different data sources. 

• Documenting systems and workflows for the Bank’s derivatives business lines. 

 Other (Project) Responsibilities 

• Ability to take ownership and lead several projects or initiatives simultaneously. 

• Assist with gathering business requirements, testing support and representing Global Market’s position on projects. 

• Assisting with the integration of  trading platforms at each MUFG group level and providing technical support to the trading team in the use of the platform.  

 

Qualifications 

Required Qualifications 

• A Mathematics related degree required. 

• A minimum of 2+ years of related experience

• Object or component oriented development software — examples C++ Hot technology; Python Hot technology; R Hot technology 

• Knowledge of liner algebra, partial differential equations, stochastic calculus, finite difference method, Monte Carlo Simulation 

• Knowledge of derivative products (Interest Rate Swaps, FX Forward, etc). 

• Strong knowledge of MS Office – Excel. 

• Strong interpersonal skills, ability to work independently, as well as in a team setting. 

• Strong organizational, analytical and communication skills. 

• Ability to build strong relationships with various groups in NY and Tokyo. 

 Additional Preferred Qualifications 

• VBA programming skills 

• Knowledge of SAS Hot technology –or- StataCorp Stata –or- The MathWorks MATLAB Hot technology –or- XLISP-STAT 

• Prior experience working in a Markets / Trading environment.  

The typical base pay range for this role is between $110K - $145K depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain dis