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Valuation and Product Control Specialist
mid · Corporate Finance
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.
Would you like to work for one of the World's largest banks in an exciting, dynamic and international environment?
We are currently recruiting for a Valuation and Product Control Specialist for our Finance Division in Amsterdam.
MUFG Bank Europe N.V. (MBE) is a fully-owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), one of the largest ranked Financial Groups in the world in terms of assets. A world-class set of businesses and more than 180,000 employees in 50 markets. MUFG offers stability in an ever-changing market, providing services to high-profile clients worldwide.
For more than 50 years MBE offers corporate and investment banking services to both Japanese and non-Japanese corporate customers in the Netherlands and, through its branches. The goal is to be among the top performing foreign-owned banks operating in the Netherlands, providing value-added banking services and excellent operations, fulfilling both Japanese and Global Multinational Corporate customers' needs.
Working at MBE offers unique opportunity to operate at the centre of the global market as part of a dynamic and growing international team based in Amsterdam.
Our vision? To become the world’s most trusted financial group. You’ll help us achieve it.
Your impact at MUFG
Purpose of this role is to oversee the financial aspects of trading activities, ensuring the accuracy and integrity of the trading book, maintaining compliance with regulatory requirements, and providing in depth commentary into trading performance. The role will encompass daily P&L responsibilities, and the successful candidate will need to fully understand and explain the key P&L drivers coming from balance sheet movement. The individual will be required to establish effective working relationships with both Front Office (based in Amsterdam and Paris) and other areas of support. (E.g. IT, Market Risk Management, Enterprise Management Risk, Finance and Regulatory Reporting) – allowing for an integrated and proactive approach to the business’ requirements, understanding of the products traded and reporting mechanisms required to enable full control and accurate and appropriate information to be supplied.
Key Responsibilities:
Prepare and submit monthly GL closings for financial reporting, including review of key controls and comprehensive ownership of underlying data.
Report on fair values of sales and acquisitions (ad-hoc), fair values for accounting and disclosure (periodic), periodic movements of CVA and foreign currency results.
Provide daily P&L commentary and reporting, conduct reconciliation activities, flash to actual analysis, perform price/valuation verification, and execute impairment analysis for trading book, including fixed-income securities and FX derivatives.
Investigate PV reconciliation differences with respective areas of the bank and clarify root cause and corrective actions.
Collaborate with finance colleagues in Amsterdam, London and Paris and the parent company of MBE for alignment of the valuation methodology and IFRS 13.
Appropriately assess risk when onboarding new products, applying sound judgment, and escalating, managing, and reporting control issues with transparency.
Support the implementation and manage process improvements ensuring existing processes follow Valuation and Product Control policies and agenda.
Provide regular input on trading book activities and ongoing development to Valuation Forum and parent company of MBE.
Professional experience:
4-6 years’ experience in banking/financial services, preferably in treasury finance area.
Proven track record in capital markets and understanding of FX derivatives.
Experience with fair value accounting (IFRS 13) and knowledge of valuation and control concepts.
Excellent academic qualifications and hold a master’s degree in (Quantitative) Finance, Valuations or an equivalent qualification.
Certified auditor and/or CFA (or similar).
Advanced financial modelling is a plus.
Competencies & Skills:
Advanced proficiency in Microsoft Office Suite, Business Intelligence.
Affinity and experience with Murex and Bloomberg terminal.
Experience working across different regions.
Ability to understand lifecycle of products and analyze transaction flows.
Willingness to travel regularly to France and United Kingdom.
Team player, proactive, self-starter with strong problem solving skills and ability to work across regions and teams in a collaborative and efficient manner.
Fluent in English, both verbal and in writing is a must.
Integrity and Responsibility
Balance Risk with Opportunity
Customer Focus
Demonstrate Global Perspective
Professionalism and Teamwork
Drive For Results
Collaborate and Build Partnerships
Communicate Effectively and Professionally
Challenge Ourselves To Grow
Influence and Inspire Others
Lead Change & Seek Continuous Improvement
Think Strategically
Manage and Develop Talent
What do we have to offer:
We offer you a role in one of the largest banks of the world in a growing and international environment. You have various opportunities to develop yourself and we will support you with that by offering various training and development possibilities.
We take into account your home situation and your ambitions and help you to balance work and private life.
Monthly team events.
To work in an ambitious, international environment with colleagues from different countries and cultures, who strive for the best.
Besides that we will offer you:
Gross salary based on experience and consistent with the market
8% holiday allowance and 13th month payment.
30 vacation days per year. Optional you can buy 15 additional days.
Commuting allowance based on annual public transport 2nd class, most economical way, or € 0,21 per km with a max of 75km one way.
€5,00 net remote working compensation per day, with a maximum of €60,00 per month.
Possibility to order a mobile phone (up to €800,-)
Possibility to order Office Equipment’s for the home office, (up to €500,-)
Remote Working Policy i.e. Working From Home (WFH) and Remote Working in another Country.
Bicycle plan (fiscal benefit)
Company fitness (fiscal benefit)
Mental health workshops and budget for external courses (i.e. Dutch language classes).
Employee contribution towards Pension insurance (max 5%, currently 2%), our pension scheme is based on a defined contribution scheme.
Training & development possibilities paid by the bank
Health insurance: Collective premiums offered, for own expense.
Additional information:
Acquisition in response to this vacancy is not appreciated.
The role is based in the Netherlands. All candidates need to be willing to relocate to the Netherlands.
Internal employees will be supported in case of relocation.
We are open to considering flexible working requests in line with organisational requirements.
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.