Working Capital & Trade Finance - Vice President or Associate (various locations) (Boston) Job at MUFG Americas, Boston, MA

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  • MUFG Americas
  • Boston, MA

Job Description

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

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the worlds leading financial groups. Across the globe, were 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 worlds most trusted financial group, its 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.

Position Summary:

We are looking for a Vice President or experienced Associate to contribute to the Commodity & Structured Trade Finance business by working with senior Trade Finance Origination Officers in support of closing new deals and managing existing portfolio. This includes management of the internal approval process through engagement with related divisions such as applicable Credit approval departments, Trade Service Operations, Legal and Risk Management, Transaction Banking Division Tokyo. * Preference of location is in NY, but would consider candidates in LA, San Francisco, Houston or Boston*

Responsibilities

  • Manage the ongoing execution responsibilities associated with the new and existing Trade Finance portfolio
  • Instruct bank teams on the closings including letter of credit issuance/amendment and funding of discounting transactions.
  • Interact with RMs, credit, legal, compliance and other internal teams
  • Frequent interaction with middle and back office teams.
  • Ensure transactions adhere with the banks compliance, risk and regulatory frameworks.
  • Execute documentation and booking of transactions
  • Proactively ensure all compliance and risk guidelines are adhered to in all transactions.
  • Support origination of Documentary Trade Finance transactions with clients from initial pitch through to closing, with particular focus on standby letter of credit.
    • Prepare marketing material,
    • Evaluate transaction structure,
    • Perform returns analysis,
    • Prepare terms sheets,
    • Assist with pitch books and other marketing material
    • Assist in the negotiation and review of legal documentation
  • Monitor existing portfolio for attrition and opportunities to increase utilization of existing facilities.

Requirements:

  • A Bachelors degree is required
  • A minimum of 5-7 years experience in trade finance, with emphasis on traditional trade finance / standby letters of credit
  • Team-oriented and strong communication skills.
  • Analytical and ability to work under pressure
  • Strong MS Office skills, specifically Excel.
  • Excellent analytical and written communication skills
  • Ability to work in a multicultural environment
  • Outstanding attention to detail and ability to manage multiple projects/tasks simultaneously

The typical base pay range for this role is between $125K - $200k 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.

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 individuals associates or relatives that is protected under applicable federal, state, or local law. #J-18808-Ljbffr

Job Tags

Full time, Local area, Remote work,

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