Trading Operations Vice President - Institutional Securities Group Product Operations

Morgan Stanley USA
Parkville, MD
Jan 14, 2019
Jan 15, 2019
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. ISG Product Operations is a world-class global team of dedicated professionals, performing a myriad of functions, all with a common purpose: to manage Morgan Stanley's Clearing and Trading & Client operational processes and deliver value to our clients in a controlled and efficient way. 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. The Fixed Income Securities Trade Support Group (TSG) plays a key role in front to back support of a broad range of products, including but not limited to, Sovereign Bond, Corporate Bond, Agency Bond, CD, CP, Mortgage Backed Securities, Emerging Market Bond, Municipal Bond, Distressed Securities, and Syndicate deals etc. The team also cover high critical functions, such as US Treasury Auction process and Regulatory Reports. This group controls the front-to-back trade process and trade lifecycle events while ensuring that trading position, P&L generation, and risk are accurately captured. The successful candidate will be liaising with Trading, Sales, Legal, Finance Controllers, and various Operations departments so that the trade is correctly processed from risk system to firm's books and records. The TSG is the conduit for all post execution information flow to other operational departments. The candidate will also work with IT, projects groups and management to improve firm's system infrastructure and processes and incorporate the latest industry initiatives and best practices. The lead will be responsible for responding to regulatory inquiries as required and attest to the completeness and accuracy of responses and submissions. Responsibilities Risk management: - Management the operational risks, ensuring his group adheres to a strong discipline of immediate issue identification, resolution and escalation - Proactively manage market-driven operational risks such as corporate actions and regulatory changes - Proactively manage and partnership with other process-aligned operational functions, such as settlements, asset services, and operational regulatory & risk control group - Ensure full coverage over and adherence with firm-wide risk & control processes and principles - Proactive management and partnership with the Business Unit COO?s and Risk Management organization - Supervision of offshore and vendor teams in their support activities, ensuring on-going transparency over their daily controls, escalation items; oversight of their change agenda, ensuring consistency with global infrastructure, processes and controls Business Management: - Build and maintain a strong partnership with business leads; COO, Trading and Sales organizations, Global Capital Markets, as well as Legal & Compliance - New business activity support: participate in the New Product Approval process across all Operations groups, ensuring adherence to diligence and formalization standards - Cross functional interaction on business critical initiatives - Financial stewardship: maintain transparency and on-going communication over financial performance Run the Bank: - Act as the point person for the Sales & Trading desk to ensure that their queries are resolved quickly and accurately - Part of Management team by supervising 6 teams with a total of 30 people, looking directly after Trade Capture, Trade Matching/Reconciliations, Resolution of fails & breaks, New Product Approval process, Life Cycle Trade Event Management, Provide intra-day support to Sales & Trading. - Manage and drive process improvement projects disseminated to the team, such as automating manual processes, streamlining existing processes, reducing Cancel and correct stats and tighten risk control measures - Ensure there is a constant cooperative partnership with internal teams, many of which are located in different regions around the world Qualifications: Skills Required - Strong interpersonal communication skills, willingness to share & transfer knowledge - Team player, must be able to collaborate across multiple operational areas - Multi-Tasking and time management skills under pressure - Ability to identify and escalate issues to senior management and Business Unit stakeholders in a timely manner - Strong Analytical and Problem Solving Skills - Self-starter, who is willing to ask questions and challenge status quo Skills Desired - 7-10 years experience within Operations, especially in Fixed Income product area - Fixed Income Securities Knowledge (Rates, Credit, Emerging Market, Syndicate) - Experience with Metric and Data Analysis - Understanding of Regulatory framework for Fixed Income Securities - Active within the industry; Understanding of key Fixed Income Organizations Trading Operations Vice President - Institutional Securities Group Product Operations