Mitsubishi UFJ Financial Group

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 Borrower in Custody and Collateral Management Assistant Vice President is broadly responsible for overseeing all aspects of the BIC program while ensuring collateral management processes are robust, accurate and audit ready. This role requires deep subject matter expertise in federally regulated custody programs, with a strong focus on operational execution, risk mitigation, and regulatory compliance.

Major Responsibilities:

• Serve as the subject matter expert (SME) for the Borrower in Custody (BIC) program, ensuring compliance with all applicable federal regulations.
• Oversee the end-to-end process of reviewing Loan documentation for eligibility in the FRB’s BIC program, perform continuous monitoring and manage required reporting for all in-scope portfolios.
• Maintain strong relationships with internal stakeholders including, Liquidity Management, Legal, Compliance, Risk and Audit teams.
• Ensure timely and accurate processing of eligible Loan transactions in accordance with internal controls and regulatory guidelines.
• Own and maintain BIC policies, procedures, and control documentation, regularly review and update to reflect changes in regulation or risk.
• Respond to audit and regulatory inquiries with clear and comprehensive documentation analysis.
• Responsible for supporting the function of maintaining records of the UCC financing statements provided by the Front Office. This includes monitoring UCC filings that are expiring or coming due within six months, as well as those that have lapsed or are past due. Additionally, it involves notifying Business Lines if action is required from the lending group.
• Partner with technology teams to enhance systems and automate processes where possible.
• Identify operation risks and drive mitigation strategies to strengthen overall program controls.
• Train and mentor junior staff or cross-functional partners on BIC and collateral management practices.
• Provide regular reporting and updates to senior leadership on program performance, risks, and opportunities for improvement.
• Effectively communicate with members of the front office and middle office teams to ensure accurate and timely processing of requests.
• Ensures adherence to all bank policies and procedures relative to Regulatory Compliance including but not limited to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Act, Privacy Act, Regulations Q& X, Customer identification Program, Know Your Customer, Suspicious Activity Reports.

Qualifications:

• Bachelor’s degree and/or a minimum of 5 years of experience in custody, collateral management, or related financial operations roles.
• Deep understanding of the Borrower in Custody program and its regulatory framework is preferred.
• Experience working in credit products with deposits, including experience reviewing credit documentation, corporate documents, deal structure, etc.
• Requires critical decision-making abilities to solve problems, make good judgements and work under minimum supervision.
• Proven ability to collaborate with team members and senior management across and within the lines of business with a keen attention to detail, strong oral and written communication skills, and strong analytical capability.
• Ability to operate in a challenging and rapidly changing environment with a desire to accept new assignments and the ability to learn new principles and dynamic systems quickly.
• Ability to multi-task through the practice of strong organizational and time management skills as well as ability to manage prioritization.
• Experience working with internal and external auditors and regulators.
• Supervisory experience necessary
• Prior experience working in a credit middle office or loan operations team a plus.
• Working knowledge of MS Office

The typical base pay range for this role is between $80K - $100K 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.