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Transaction Banking - Product Reporting Manager - Director
Mitsubishi UFJ Financial Group
Los Angeles, CA, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Job Summary
This role is responsible for the management and execution of the bank’s commercial deposit and revenue management products, which includes account analysis and revenue reporting, interest and non-interest bearing accounts, sweep, pooling and liquidity management, and online portal based investing. This includes developing, enhancing and commercializing the product suite to increase top line revenue and contribute to net margin of the Transaction Banking business.
Major Responsibilities
• Develop and manage the strategic goals of the deposit and revenue product set.
• Maintain market awareness, communicate and present recommendations around the evolving transaction banking market depository and interest rate needs.
• Evolve the product line to adjust to the regulatory environment, customer needs, and bank funding requirements.
• Work closely with the Head of Transaction Banking Liquidity Management to develop products that adequately add to bank funding needs.
• Oversee and direct the development of new services and products based on the business objectives while managing all required risk and regulatory changes.
• Understand drivers of treasury management income including ECR, fee income, NII. Provide fee reporting and analytics for bank treasury products.
• Analyze and evaluate new concepts, determine feasibility and market potential; recommend new strategies to enhance and improve MUFG Union Bank’s competitive position.
• Advise management of potential new product capabilities through preparation of strategy presentations, which define markets, product design, profitability, alternative systems, operating expenditures and capitalization.
• Strategically evaluate and present to management presentation of proposals, which analyze customer need, pricing/cost and internal/external technology and procedures needed to effect change.
• Drive revenue growth and manage treasury management fees including ownership of annual review of standard and exception fees for Transaction Banking.
• Work closely with Head of TB Liquidity Management, and coordinate with other finance partners; develop governance policies, and drive/review/approve/decline standard and exception interest rates proposals.
• Work closely with product managers and finance, help drive product cost methodology and individual cost studies.
• Leverage solutions across multiple markets to improve time to market.
• Create a consistent customer experience and manage delivery cost.
• Manage a staff of between 5-7 people.
Qualifications
• Typically requires B.A. or B.S. or equivalent experience; MBA preferred.
• A minimum of 7-12 years of technical experience and management experience with the Wholesale Banking / Transaction Banking and or deposit market.
• 5+ years managing a professional staff.
• Strong interpersonal oral and written interpersonal communication skills, and matrix management skills.
• Strong strategic and project planning with an execution track record.
• Financial Services strongly preferred.
• Actively ensure compliance with all rules and regulations including Patriot Act, CIP requirements, and other applicable regulatory and compliance policies and procedures.
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 / Affirmative Action 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 in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.