We're seeking someone to join our team as an Equity Derivatives Trade Support Group (TSG) Associate to acts as the central point of contact for the F2B flows of the businesses that it supports, which requires close partnership across a wide network of internal departments including Sales & Trading, Strats, Financial engineering, Treasury, Controllers, Cash management, Client Service groups, Settlements, IT, Legal & Compliance, Regulatory & Transaction Reporting and other operational support areas.
In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships, driving strategic automation solutions by embracing a transformation mindset and challenging the status quo. This is an Associate position within Product Support & Services, which is responsible for providing transaction support and managing post execution processes.
Since 1935, Morgan Stanley is known as a global leader in financial services, continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What you'll do in the role:
- Trade & Issue Date controls on new product setups and trade capture within the Firm's upstream risk management systems and downstream sub-ledger for products issued by MS entities & SPV vehicles.
- Validation of trade economics captured in the exotic valuation templates vs. trade Termsheets provided by sales, and partner closely with Sales & Trading on trade booking queries and ad-hoc requests.
- Work with product controllers to resolve any P&L issues arising from misbookings.
- Lifecycle management & event notification for all supported OTCs & Structured Products, and calculation of complex product payoffs based on termsheet formulae.
- Booking periodic & maturity cash coupons & share deliveries for supported products.
- Liaising with external issuing and paying agents (IPAs) & clearing houses to ensure that Structured Product payments are processed in a timely manner.
- Oversee daily reconciliation and clearance of position, product & internal accounting breaks that ultimately affect the MS balance sheet.
- Identification, timely escalation & resolution of control related issues.
- Development & maintenance of detailed desktop procedures outlining the team'ss activities.
- Generate & work on ideas for business process improvements which include trade flow automation, capacity enhancements, control framework and new business initiatives.
- Generate metrics and KRI/KPI reporting for global operations senior management. Skills Required
What you'll bring to the role:
- Intermediate understanding of equity derivatives and OTC products & markets.
- Previous experience of working in a Trade Support / Line function.
- Familiarity and experience with the front-to-back trade lifecycle for OTC products.
- Strong organizational, time management, communication & stakeholder management skills.
- Proven ability to meet strict deadlines in a fast-paced environment.
- Proven Ability to think laterally, and recognize opportunities for system/process improvement.
- Ability to understand complex problems quickly and move projects forward.
- Basic understanding of security & cash settlement processes and systems.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.