United Spinal Association Jobs

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.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Background of the Team

Since 2007 Morgan Stanley has been expanding its fully owned premier investment banking and sales & trading platform in India, providing a full range of investment banking, sales & trading, equity, fixed income, Commodities and derivative products, as well as research services. Building on this existing platform in India, we are looking to invest in establishing a Derivative Operations division that will continue to recognize and match the global needs of our clients.

Morgan Stanley transacts Cross product Exotic and structured Derivative trades/contracts globally, with trading locations in Europe, North America and Asia. The Mumbai Trade Capture (TCR) team supports trades originated by all 3 regions. The primary responsibilities of the TCR Team is to ensure all Exotic Trade terms are reconciled between the risk systems, Trade confirmations/Pricing Supplements and ensure the correct variables are captured accurately in risk models.

A successful applicant will lead a team of Subject matter experts and will be part of the ISG Equity Trading Operations within the Operations Division of Morgan Stanley.

Primary Responsibility

The primary function within the TCR team is the completion of daily tasks, including (but not limited to) Performing review of Structured Notes and Exotic Derivative products. The review involves verifying and reconciling trade economics between risk systems, confirmations/pricing supplements and booking models. Currently the tasks performed are manual in nature and requires a workflow driven approach. In addition to managing the daily risk, the team actively participates in initiatives with Change the Bank (CTB) teams as part of the automation strategy. The role includes:

• Performing review of Structured Notes and Exotic Derivative products. The review involves verifying and reviewing trade economics between risk systems, confirmations/pricing supplements and booking models for across product lines within derivatives.
• In depth understanding of the front to back process for each product (IED,FX, Rates, Credit & Commodities).
• Partner with Business, Legal and compliance, Technology and Risk teams to help enable new business and manage the daily processes and Risk.
• Be a change agent and drive the direction of the group strategically by improving the efficiency and control aspects of Trade review and Reconciliation and Control functions.
• Trades are reviewed within the mandated 60 days for completion of the review for structured notes and exotic trades and the hire is required to maintain the required level of review throughout this process.
• Produce various reports at predefined frequencies to reflect risk in the process accurately and provide visibility to stakeholders on the outstanding population of trades.
• Work closely with the Trading Desks, strats, Valuations and Trade Support groups across Asia, Europe and US.
• Continuing looking to improve and automate current processes to minimize manual intervention.

Skills Required

• Previous experience of trade support/Middle Office/Trade Confirmation roles with exposure to trade life cycles, process flows and reconciliation with proven track record in managing and developing control functions.
• Good understanding of Derivative Instruments is preferable although training will be given and is on-going. Knowledge of Exotic derivatives will be preferred.
• Exposure and understanding of Derivative Products, preferably exotic / structured derivatives (Commodities / Equities / Rates / FX / Credit)
• Good analytical and problem-solving skills with strong stakeholder management skills
• Excellent oral, written, communication and presentation skills with ability to tailor message to audience or varying levels
• Ability to work independently with strong sense of accountability/ownership.
• Delegate effectively and manage delivery of a wide range of tasks and initiatives.
• Experience with process reengineering, and projects aimed at technology renovation or daily process improvement.
• Demonstrates awareness of Control and Risk requirements through proven track record.
• Demonstrates willingness to take ownership for role responsibilities.
• Highly committed and self-motivated.
• High regard for attention to detail and accuracy.
• Ability to work to tight deadlines

Experience Required

• Minimum of 15 year Banking Operations experience
• 7 years’ experience in a leadership role for Trade review/Drafting/DCP process.
• Minimum Bachelor or Master’s Degree

*EOE M/F/D/V Committed to Diversity *

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.

Job: *Other

Title: Executive Director - OTC, Mumbai

Location: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

Requisition ID: 3253840