Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
Operations
One of the largest divisions in the Firm, Operations is the first line of defense for Morgan Stanley's financial and reputational well-being and essential in delivering value. Operations is responsible for correctly settling and recording millions of transactions per day, identifying and mitigating operational risk, developing strong client relationships and partnering with technology to realize the full potential of IT and Automation.
Institutional Securities Group Product Operations (ISGPO)
ISGPO partners closely with Sales & Trading and our Clients to process daily activities, develop and implement new products and services, as well as drive efficiency and reduce risk in our processes. ISGPO is comprised of 5 departments: Client Operations, Trading Operations, Financing & Collateral Operations, Trade & Transaction Reporting Operations (TTRO) and Change the Bank (CTB).
ISGPO Trading Operations
Trading Operations is a key partner to the Firm's institutional trading business globally providing trade and post trade support covering Fixed Income (Rates, Credit, Cash, FX, Commodities, SPG & DSP) and Equities (Equity Cash, DSP, Equity OTC, Fund Derivatives & MSET) products. Playing a meaningful role in trade verification, new product approval, reconciliation of the Firm's books & records and supporting regulatory obligations, the department offers interesting opportunities for a talented team.
Team Profile
The OTC FX Settlements Team is responsible for all aspects of settlement for FX trades post-execution. The position requires daily interaction with clients, agent banks, global sales and trading desks, middle office and Technology teams.
Background on the Team
The group is divided into several teams by function, offering the opportunity to learn a variety of FX product types and functions within the larger FX front-to-back silo. Each team is responsible for controlling risk by managing relationships with clients and counterparties to ensure that high risk settlements are settled in a timely manner and any post-settlement issues or discrepancies are identified, escalated appropriately and resolved.
The employee will be expected to analyze and improve processes and avert risk. The team provides exposure to a multitude of financial products and will assist in establishing or further developing a career within Operations at Morgan Stanley.
Product Coverage
This role is within the OTC FX Settlements team, who is responsible for the settlement of large sums of cash, involving the exchange of funds both into and out of the Firm, working with various external and internal stakeholders at various levels.
Skills Required (Essential)
•Bachelor's Degree - Analytical, financial or mathematically related preferred
•Strong interpersonal and relationship management skills
•Strong analytical, organizational, and verbal and written communication skills
•Proven ability to work efficiently and accurately under pressure in a fast paced multi tasking environment
•Proactive and self-motivated
•Strong Microsoft Excel and Access skills, including the design and implementation of macros preferred
Skills Required (Desired)
Due to the nature of the products traded, the job requires the ability to identify problems as they arise and understand when these need to be escalated. Strong problem solving skills and continued follow up are a necessity. The candidate should possess a good appreciation of risk - both operationally and franchise. In addition, the role requires extensive client interaction both internally and externally so the ability to maintain and build excellent client relationships is a priority.
