Financing and Collateral Operations Director - Institutional Securities Group Product Operations

Baltimore, MD
Aug 06, 2018
Aug 15, 2018
Executive, Director
Full Time
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. Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets. Institutional Securities Group (ISG) Product Operations encompasses two functionally aligned organizations. The first, Trading & Client Operations, provides Operations functions in direct support of activity executed by Institutional Sales &Trading. The second, Clearing Operations, provides Operations functions in direct support for activity cleared by Morgan Stanley on behalf of our clients in Prime Brokerage, Listed Derivatives, and OTC Derivatives. The broad organization partners closely with Sales and Trading to develop and implement new products and services as well as drive efficiency and reduce risk in our processes. At all times we are focused on delivering quality service to clients both internal and external. ISG Product Operations partners closely with Shared Services and Banking Operations as well as Branch Operations and Operations Risk & Control to deliver a connected 'front to back' view of operations to ISG Sales and Trading. The Baltimore Securities Lending Trade Support Group supports two business units: 1) Bank Resource Management (BRM) trading desk in Brazil providing trade lifecycle support for the Brazil market, from trade amendment to settlement, fail resolution and reconciliation. The team also provides stock loan trade support for the Mexican and Chilean markets. 2) Prime Brokerage which involves account maintenance, booking borrow returns and allocating back to the appropriate client account, reconciliation, setting up accounts for selling short in the Hong Kong and UK markets, booking borrow recalls, and resolving failed borrow return bookings. Responsibilities - Trade exception management - Trade processing / allocation - Trade reconciliation - Fails management - Proactively explore tactical and strategic solutions to close identified control gaps, working with other groups as appropriate. Ensures existence of mitigating controls. - Maintain a clear focus on enhancing controls and continuously reducing operational risk. - Troubleshoot problems arising on an ad-hoc basis and react to BU and client driven demands. - Work with multiple teams in Operations, BRM, Prime Brokerage and Technology on projects and initiatives. Bachelor's degree required - Ability to multi-task - Professionalism - Ability to work in a team environment - Attention to detail - Excellent communication skills - Ownership mentality - Ability to work in a fast pace, pressured environment - Escalation awareness ? ability to assess risk and exposure issues