Associate, Markets Trading Desk Quant (Swaps & XVA)

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 Summary

The main objectives of this Markets Trading Desk Quant (Swaps and xVA) in the Global Markets Division of the Americas (GMDA) will be to work very closely with the swaps and xVA trading desk to support trading decisions, risk management and product development by providing analytic and data driven insights. You will also work with quant and technologies teams across MUFG to assist the development of quantitative models and trading systems. This role will require strong numerical analysis skills, fixed income product knowledge (rates, credit and FX), understandings of mathematical finance, problem-finding and solving skills, strong leaderships and communication skills, and you can expand your expertise and experience in counterparty credit risk, collateral and xVA modelling and management.

Major Responsibilities

Core Responsibilities

Working closely with swaps and xVA traders to support pricing, position control and profit-and-loss (PnL) analysis by building and maintaining analytic tools, quickly responding to dynamically changing business and market environment.

Providing cross-asset trading solutions based on financial mathematics, data and statistical analysis, programming skills, and solid understandings of the OTC derivatives market, counterparty credit risk, funding, collateral, capital and xVA (including Credit Valuation Adjustment (CVA) and Funding Valuation adjustment (FVA)).

Assisting the development, implementation and maintenance of quantitative models and trading systems for new products and risk management enhancements by advising key stakeholders including sales, traders, risk managers, model validators, product control, legal, collateral managers, quants and technologies.

Other (Project) Responsibilities

• Demonstrate ownership, leadership and accountability for managing several projects or initiatives simultaneously.
• Gathering business requirements, supporting testing and representing GMDA’s positions on model and system development projects.

Qualifications

Required Qualifications

• A minimum of 3 years of related experience.
• A master’s degree in mathematics, physics, engineering, statistics, computational sciences, or similar fields.
• Basics of financial mathematics including stochastic calculus, Monte Carlo methods and no arbitrage derivatives pricing theory for fixed income linear and option products.
• Practical knowledge of interest rate swaps and cross-currency swaps including market conventions.
• Strong knowledge of MS Office – Excel and experiences in VBA.

• Strong interpersonal skills, ability to work independently, as well as in a team setting.
• Strong organizational, analytical and communication skills.
• Strong time management skills to respond to business requests quickly.
• Proactive attitude that engages and follows up the business.
• Ability to build strong relationships with various groups in NY, London and Tokyo (Head Quarter).

Additional Preferred Qualifications

• Experiences in hybrid models for interest rates, FX and credit.
• Experiences in daily PnL attribution analysis, PnL forecasts and cross-gamma analysis.
• Experiences in counterparty credit risk or XVA modelling and management.
• Understandings of Basel rules, collateral management, ISDA derivatives documentations, and the OTC derivatives market reform (e.g., clearing, uncleared margin requirements and the ISDA SIMM).
• Experiences in time series analysis of financial market data.
• Experiences in Python and other programming languages (such as C++ and C#) and database skills.
• Prior experience working on 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 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 Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

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.