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Associate, Product

MUFG
Dubai, UAE
Full Time
Mid
3 weeks ago
Transaction BankingTrade FinanceUSD DepositsLetters of CreditGuaranteesCollections
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Transaction BankingTrade FinanceUSD Deposits
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Overview of the Department/Section

  • DIFC Branch’s Transaction Banking team is responsible for Product Development / Management and also Sales of Transaction Banking products and meeting Transaction Banking targets and Liquidity Management businesses in MENA region.

Key Responsibilities

  • Collaborating with GCIB / JCIB / FI Coverage RMs and senior TB Sales team members to win new TB business for DIFC Br
  • Deal directly with Corporate customers and FIs for fulfilling all tasks relating to Front office functions for Transaction Banking business
  • First / Second approval of TF transactions within delegated limits, and Manage Front office of Transaction Banking business in MENA in accordance with the Bank’s rules and procedures
  • Coordinate / liaise with Operations team in Dubai and EOD London RMD, Compliance to manage correctly book all Transaction Banking transactions
  • Monitor business activity, financial performance, and risk related to Transaction Banking
  • Preparation of RORA Pricing indicators, Process Manuals, Memos for Management circulation, Customer call reports
  • Manage New Product Approval / waiver process, Initiatives relating to process improvements
  • Interacting with MUFG’s other Divisions outside the region (especially EIBD/CSTF, ETBO, TBD, EGMD), and entities outside of MUFG to execute responsibilities
  • Preparing and keeping updated all Sales Collateral needed for TB business in MENA
  • Preparing and keeping updated all internal Business Presentations
  • Support USD Deposit origination by maintaining key customer contact, generating daily / weekly / monthly MIS required to manage the business, and providing any other required support for business origination as requested
  • At the request of the Department Head and RMs, conduct tasks which are necessary to process / maintain transactions, including, but not limited to, preparing proposals, documentations and KYC.

Work Experience

  • 10+ years’ experience of Transaction Banking business in an international financial institution which has a strong presence in Transaction Banking.
  • Proven track record of adapting to different operating environment and market conditions
  • Experience of client sales covering GCIB / JCIB / FI customers and related sales management processes

Education

  • Min University degree or equivalent, and globally recognised industry certifications related to Transaction Banking business (CITF, CDCS, AICM etc).

Skills and Experience

  • Good technical knowledge across all Transaction Banking products, especially USD Deposits, guarantees, letters of credit, collections, and FI trade.
  • Solid experience with Transaction Banking channels and platforms
  • Good understanding of emerging Transaction Banking themes and technology
  • Good influencing and negotiation skills
  • Strong communication and able to operate at all levels – written, verbal, presentation material etc
  • Strong understanding of risk and market environments across the Transaction Banking spectrum – including credit, legal, compliance, operations etc
  • Reasonable understanding and personnel network of the Transaction Banking business in the Middle East and North Africa
  • Reasonable understanding of the Banking business and financial market in MENA
  • Fluency in English is essential, Arabic language skills would be an added advantage

Personal Requirements

  • Personal alignment to MUFG Values: Integrity & Responsibility, Professionalism & Teamwork, Challenge ourselves to grow
  • Personal alignment to MUFG Cultural Principles: Client Centric, People Focused, Listen Up, Speak Up, Innovate & Simplify, Own & Execute
  • Excellent communication skills
  • Results driven, with a strong sense of accountability
  • A proactive, motivated approach.
  • The ability to operate with urgency and prioritise work accordingly
  • Strong decision making skills, the ability to demonstrate sound judgement
  • A structured and logical approach to work
  • Strong problem solving skills
  • A creative and innovative approach to work
  • Excellent interpersonal skills
  • The ability to manage large workloads and tight deadlines

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