VP Deposit Sales Desk

## VP UK Deposit Sales Desk Apply locations:
London time type:
Full time posted on:
Posted Todayjob requisition :
-WD
** 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.
** OVERVIEW OF THE DEPARTMENT/SECTION
*** MUFG has a developing and thriving Transaction Banking business, headquartered in Tokyo, and spanning all continents. Transaction Banking EMEA (TB EMEA) forms part of MUFG’s Global Transaction Banking Division.
* TB EMEA’s key responsibilities are to drive regional business and support global and regional customers with Transaction Banking solutions in Cash and Liquidity Management, Trade and Working Capital, and Foreign Exchange.
* One of the key strategic focuses in TB EMEA is to play a pivotal role in balance sheet efficiency, loan-deposit gap improvement, and revenue growth across the region. Additionally, TB EMEA serves as a liquidity management gateway between EMEA and global network to grow the franchise for global corporates.
* MUFG Bank Ltd  is undertaking a strategic growth agenda to increase its balance sheet and deposit base. A key component of this strategy is the migration on the existing GCIB desk from Global Markets Division and the establishment of a GCIB Money Market Deposit Sales Desk within the UK  Transaction Banking Department.
** NUMBER OF DIRECT REPORTS
** None
* * MAIN PURPOSE OF

THE ROLE
** The
** UK  Deposit Sales Desk
** will be responsible for supporting GCIB and TB EMEA in achieving its regional balance and revenue targets. Roles and responsibilities  of the desk are;
* Securing stable funding to maintain LD gap within agreed target range
* Diversify EMEA corporate balances to ensure a stable and cost efficient source of funding
* Contribute towards the execution of the EMEA deposit-gathering strategy in collaboration with key stakeholders, including Coverage, Global Markets, and Treasury
* Enhance the tenor quality of non-JPY funding and increase the volume of customer deposits, in line with the funding requirements of the MUFG Bank group.
* Ensure that Deposit Sales desk activities comply with all regulatory requirements and safeguard the bank’s license to operate within the EMEA region
* Ensure business operations are adapted to meet regulatory requirements, with a focus on alignment with Basel, LCR, CRD, and other applicable regulations.
** KEY RESPONSIBILITIES
** Manage TB MM desk and team members to undertake and achieve:
* TB MM desk in London for sale, marketing, booking and execution of term deposits for GCIB client base:
Corporate, NBFI, FI, SWFs but excluding Sharia Deposits which remain the responsibility of Islamic Banking teams and Central Banks which are part of market funding.
* Enablement of GCIB LD gap fulfilment to targets and revenue profile as agreed with GCIB on Full year and quarterly basis
* Execute GCIB/TB customer deposit account plans
* Bid / EFI / RFQ response to all requests of GCIB clients as nominated
* Source comparative insights for benchmarking.
* Operating within MUFG Bank’s…