Analyst/ Associate – Transaction Banking Product

Job Description

Associate – Transaction Banking Product Management | Mitsubishi UFJ Financial Group

The Tone:
This is a full-time role at Mitsubishi UFJ Financial Group, located in Mumbai. MUFG is one of the world’s leading financial groups, striving to make a difference for every client, organization, and community. The company builds long-term relationships, serves society, and fosters shared and sustainable growth. This role is crucial for enhancing and developing market competitive Transaction Banking products, including Cash Management, and for supporting business opportunities across various industries.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person, India (Maharashtra), India – Mumbai

• Team: Reporting to Director in the TBDI department.
• Mission: Responsible for enhancing and developing/delivering market competitive Transaction Banking products and supporting client origination and execution of Transaction Banking business opportunities.

What You’ll Actually Do
• Product Strategy & Development: Carry out the development of the Transaction Banking department’s strategy by working closely with the India franchise and Regional office to deliver profit/revenue targets, and contribute to global and local product development, ensuring products are delivered on time and within budget.
• Business Origination & Commercialization: Support Relationship Managers/larger TB Sales teams to originate clients, structure and execute Transaction Banking business opportunities in the Country, and commercialize relevant banking services to meet department revenue targets.
• Client Relationship & Expertise: Understand customer product requirements, anticipate shifting customer expectations to stay ahead of competitors, provide Subject Matter Expertise on Transaction Banking products to customers, and maintain strong stakeholder management.
• Cross-functional Collaboration: Work in partnership with various internal departments including Legal, Operations, Compliance, Risk, JCBD, GCBD, Remittance, Deposit, Forex, and Systems, as well as external parties such as Legal Counsel and Financial Institutions, to deliver seamless transactions and resolve customer issues.
• Risk Management & Compliance: Contribute to and prepare deal proposals aligned to business strategy, support in managing the risk profile for the department, and ensure compliance with relevant regulations (RBI, IFSCA, HO, KYC & AML) and company policies while tracking guideline changes.

The Must-Haves
• Background: Degree qualified; Post Graduate – MBA or PGDM in Management.
• Experience: At least 2-5 years of relevant experience; Substantial experience and/or knowledge in Transaction Banking products including Cash Management and Digital Channels.
• Skills: Strong stakeholder management and interpersonal/networking skills; Strong communication skills with ability to influence others using data or analysis; Sound understanding of local/regional financial laws and regulations; Good understanding of systems and applications.
• Bonus: Good understanding and experience of international/cross-border transactions; Experience of handling FI business.