Liability Management and Hybrid Capital Associate

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.

MUFG is seeking an Associate for its Liability Management and Hybrid Capital team within the EMEA Capital Markets Group in London. This is a unique opportunity to join a globally respected financial institution renowned for its commitment to integrity, professional development, and inclusive culture. As part of MUFG’s Capital Solutions team, you will play a pivotal role in advising clients on sophisticated capital strategies, working closely with experienced professionals across multiple functions. The organisation offers flexible working arrangements, generous pension contributions, and extensive training opportunities to support your growth. You will be empowered to make meaningful contributions while benefiting from supportive leadership and a collaborative environment that values knowledge sharing and teamwork. If you are looking for a role where your expertise will be valued and your career nurtured, this is the perfect place to advance your journey.

• Join a globally recognised financial institution with a strong reputation for integrity, inclusivity, and professional development, offering you the chance to work alongside knowledgeable colleagues in a supportive environment.
• Benefit from flexible working opportunities, generous pension contributions, and comprehensive training programmes designed to help you grow both personally and professionally within the organisation.
• Play a key role in advising clients on liability management and hybrid capital solutions, collaborating with cross-functional teams and contributing to high-profile transactions that shape the capital markets landscape.

What you'll do:

As an Associate in Liability Management and Hybrid Capital at MUFG in London, you will immerse yourself in the dynamic world of capital markets by supporting complex transactions that drive value for clients. Your day-to-day responsibilities will involve managing intricate workstreams across multiple departments while preparing insightful analyses that underpin successful deals. You will engage directly with clients during meetings, offering thoughtful perspectives on refinancing options and funding strategies. By monitoring market trends and analysing investor behaviour, you will help shape recommendations that reflect current conditions. Your role also includes supporting the structuring of hybrid capital deals for diverse issuers, corporate or financial institutions, ensuring every aspect is meticulously considered. Success in this position requires exceptional attention to detail, strong interpersonal skills for effective collaboration across teams, and a commitment to delivering high-quality outputs under tight deadlines.

• Support the execution of liability management transactions such as tender offers, exchange offers, consent solicitations, and bond repurchases by coordinating all aspects of the process.
• Manage transaction workstreams efficiently by liaising with internal stakeholders including Coverage, DCM, Syndicate, Sales, Legal, and Compliance to ensure seamless delivery.
• Prepare and review detailed transaction analyses, execution materials, client presentations, and internal approval documentation to maintain high standards of accuracy and professionalism.
• Assist senior bankers in identifying new liability management and capital structure optimisation opportunities through market research and strategic analysis.
• Participate actively in client meetings and contribute valuable insights during discussions about refinancing strategies, maturity management, and funding approaches.
• Support the structuring and execution of hybrid capital transactions for both corporate and financial institution issuers by providing analytical input and market intelligence.
• Develop analyses related to hybrid capital structures including rating agency methodologies, equity credit considerations, and investor positioning to inform client recommendations.
• Monitor ongoing liability management and hybrid capital market activity by maintaining up-to-date market intelligence and tracking relevant transaction precedents.
• Analyse investor feedback as well as market technicals and transaction outcomes to enhance client advice and improve future deal execution.
• Collaborate closely with product specialists and corporate coverage teams to deliver tailored debt strategies that meet client needs.

What you bring:

Your proven track record in liability management makes you an ideal candidate for this Associate position at MUFG. You bring deep expertise in executing complex transactions involving tender offers or debt repurchases, skills honed through years of practical experience. Your ability to prepare thorough analyses for both corporate clients and financial institutions demonstrates your commitment to excellence. With advanced analytical abilities supported by robust financial modelling skills, you can interpret intricate data sets quickly. Your proficiency in PowerPoint and Excel enables you to create compelling presentations while your communication skills ensure clarity when engaging stakeholders internally or externally. You thrive under pressure without compromising quality thanks to your meticulous approach. Familiarity with rating agency methodologies or hybrid capital structures further strengthens your profile. Regulatory certification is essential; fluency in additional European languages or holding a university degree would be beneficial. Above all else, your collaborative spirit allows you to build effective relationships across functions, making you a valued member of any team.

• Demonstrated experience executing liability management transactions such as tender offers, exchange offers, consent solicitations, or debt repurchase activities.
• Proven ability to prepare client materials including transaction analyses and execution documentation for corporate or financial institution issuers with precision.
• Comprehensive understanding of debt capital markets including fixed income products as well as bond execution processes gained through hands-on involvement.
• Advanced analytical skills complemented by strong financial modelling capabilities that enable you to interpret complex data sets effectively.
• Excellent PowerPoint and Excel proficiency combined with outstanding written and verbal communication skills allowing you to present concepts clearly to stakeholders.
• Ability to perform well under pressure while consistently delivering high-quality outputs within demanding timelines thanks to your dependable nature.
• Meticulous attention to detail paired with sound commercial judgement ensures accuracy in all aspects of your work.
• Familiarity with rating agency methodologies or equity credit considerations is advantageous but not essential; exposure to hybrid capital securities is preferred.
• Knowledge of investor behaviour along with primary debt market execution processes enhances your ability to provide insightful recommendations.
• Regulatory certification is required for this role; additional European language skills or university degree are desirable.

What sets this company apart:

MUFG stands out as one of the world’s leading financial groups with a rich heritage rooted in trustworthiness, dependability, and ethical conduct. The company’s London office provides an inclusive environment where employees are encouraged to share ideas openly while benefiting from supportive leadership focused on nurturing talent at every level. Flexible working arrangements allow you to balance professional ambitions with personal commitments, a testament to MUFG’s understanding of modern workplace needs. Generous pension contributions underscore their dedication to long-term employee wellbeing while comprehensive training programmes ensure continuous learning throughout your career journey. The organisation’s commitment extends beyond business success: it fosters communal values through collaboration across global teams so everyone feels connected regardless of seniority or function. At MUFG you’ll find not only challenging projects but also genuine support from colleagues who value empathy as much as expertise, making it an exceptional place for those seeking both professional fulfilment and personal growth.

What's next:

If you are ready to take the next step in your career within a globally respected organisation that values collaboration, knowledge sharing, and personal development—this is your moment!

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.