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Modeling Analyst, Associate
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:
Reporting to the Director of Asset & Liability Management (ALM), the ALM Modeling Analyst will be primarily focused on the measurement of Interest Rate Risk (IRR) through the generation of Economic Value of Equity (EVE) and Earnings at Risk (EAR) measures, periodic stress testing (CCAR and DFAST) and other risk measurement processes plus owns the implementation of models and tools. The positon will provide expertise and support with various lines of business and be responsible for ad hoc analysis as needed.
The position performs work that is complex and varied by nature and includes a significant amount of attention to detail and flexibility to support management and regulatory reporting. This position will also be responsible for modeling IRR across various entities owned by MUFG within the Americas and work closely with the ALM Strategy team and Senior Treasury management in conducting balance sheet analysis and analyzing economic impact of IRR positioning strategies.
Major Responsibilities:
• Own, manage and develop regular monthly Interest Rate Risk (IRR) processes associated with Economic Value of Equity (EVE) and Earnings at Risk (EAR) – For multiple entities within MUFG Americas where applicable
• Verifying the accuracy, reasonableness, and consistency of data and assumptions and provide in-depth analysis and understanding of key drivers of IRR
• Develop and maintain reporting suite associated with key risks for the purposes of detailed reconciliations and corporate treasury distribution
• Implement models and analytical tools used with IRR and other ALM processes
• Develop a deep understanding of the Bank's balance sheet, individual product profiles and associated risks
• Produce and analyze additional risk types such as option, basis, curve, and yield risk
• Work with management to craft strategies in the mitigation of Interest Rate Risk and other risk
• Demonstrate outstanding quantitative, communication and presentation skills
• Contribute to the increased usage of Stress Test processes (increased frequency and usage by the Bank)
• Support processes associated with periodic Stress Testing (CCAR and DFAST)
Qualifications
• Bachelor’s or Master’s degree in Financial Engineering, Finance, Economics, Accounting, Mathematics or related discipline. CFA/FRM preferred
• A strong understanding of commercial banking products and fixed income analytics
• 2-4 (1-3 for AVP) year’s work experience in a financial analysis / modeling capacity is highly preferred
• Knowledge and understanding of a bank’s balance sheet and individual financial instruments and regulatory requirements
• Knowledge of MS Office Suite (emphasis on Excel, Word, PowerPoint and Visio) required
• Experience with Financial Database Systems. Hyperion and SQL preferred
• QRM Enterprise Risk Framework experience desired
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.