Liability Management and Hybrid Capital, Associate

Overview

In this role you will support complex capital markets transactions within MUFG’s Liability Management and Hybrid Capital team in London. You will work with cross-functional teams to analyse refinancing options, funding strategies, and hybrid capital structures, delivering precise analyses and client materials. You’ll engage directly with clients, monitor market trends, and contribute to high-profile deals that shape the capital markets landscape. This is a collaborative role in a growth‑minded, inclusive culture that values professional development and flexible work arrangements.

Pay / Benefits

• flexible working arrangements
• generous pension contributions
• comprehensive training programmes
• supportive leadership
• inclusive culture

Responsibilities

• Coordinate liability management transactions (tender offers, exchange offers, consent solicitations, debt repurchases)
• Manage cross-functional workstreams with Coverage, DCM, Syndicate, Sales, Legal and Compliance for seamless delivery
• Prepare and review transaction analyses, execution materials, client presentations, and internal approvals
• Support senior bankers in identifying liability management and capital structure optimisation opportunities
• Assist in structuring and executing hybrid capital transactions for corporate and financial institution issuers
• Develop analyses of hybrid capital structures (rating agency methodologies, equity credit considerations, investor positioning)
• Monitor market intelligence and transaction precedents to inform client advice and deal execution
• Collaborate with product specialists and corporate coverage teams to tailor debt strategies

Key requirements

• proven track record in liability management and executing related transactions
• ability to prepare client materials and transaction analyses for corporate or financial institution issuers
• strong understanding of debt capital markets and fixed income products
• advanced analytical skills and robust financial modelling capabilities
• excellent PowerPoint and Excel proficiency with clear communication
• ability to work under pressure with meticulous attention to detail
• familiarity with rating agency methodologies or hybrid capital structures (advantageous)
• regulatory certification is required; additional European language skills or a university degree are desirable

• interpersonal collaboration
• attention to detail
• effective under pressure
• financial modelling
• market analysis
• bond execution processes

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