Associate, Trade Product - Transaction Banking

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 150,000 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.Job ResponsibilitiesProvide Subject Matter expertise in Documentary Trade, Open Account Trade Finance Products and FI Trade Finance.Review and revamp Bank Guarantees/ Bank Guarantee Re-Issuance Program to gain market tractionPartner with other teams to find ways in which one can leverage the Bank’s franchise to expand both inbound and outbound business using Documentary Trade and Bank Guarantees capabilitiesWork with local/regional Operations team to improve process efficiencies and impart technical skills, where neededCreate product manuals, guides to improve traction with internal stakeholdersDevelop marketing collaterals e.g. proposals, presentations that define client value propositionBe Risk and compliance Championship to manage Risk and Compliance related to Trade Finance mater.Job Requirements:In-depth understanding of Documentary Trade, Open Account Trade Finance Products and FI Trade FinanceIn-depth understanding of ISP98, URDG758, UCP600, ISBP and relevant local regulationsClear and concise understanding of legal terms & in vetting the text of Bank GuaranteesAdept in providing on-the-spot solutions to ensure that client structures are workable and suggest verbiage for changesAbility to break down complex problems into smaller components for resolutionInnovative thinking but yet understand the risk & opportunities at granular levelAbility to take informed decision with minimal supervisionAbility to draft guarantee/SBLC templatesUnderstand of use of various guarantee products in different marketsManage functional stakeholders at HQ, Regionally and In- Country;Study operational processes to ensure processes are streamlined and efficientThe individual had a qualified ‘Certified Documentary Credit Specialist (CDCS)’ will be the advantage.Provide thought leadership, development and promotion of new product capabilities which:‐ Improve operational efficiencies.‐ Reduce Operational Risks.‐ Provide new revenue streams.Enhance MUFG’s global reputation in the Transaction Banking space.Required skills / experience:Trade and/or Supply Chain finance knowledge and/or experience.Understanding of key trends, concepts and possessing an interest in digital trade and supply chain. For example: Fintechs, Blockchain, NTP and GTCN.Project management and communication skillsExperience in drafting business requirement documents for business to articulate its functional requirements to systems and technologyStrong technical expertise in Documentary Trade Products (Imports & Export Letters of Credit, DA/DP, Corporate Bonds/Guarantees, SBLCs…) AND Open Account Trade Finance Products (Payable and Receivable Financing, …) AND FI Trade Finance Products; coupled with in-depth understanding of relevant regulations including UCP600, URDG758, ISP98 and relevant local regulations.Degree qualified.Desirable to have at least 3+ years of relevant experience.Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organsational fit, regardless of race, religion or gender.