Equity Derivative Exotics Trade Support – AVP in Morgan Stanley London,England,UnitedKingdom

Website Morgan Stanley

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About the job

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.

Department Profile

One of the largest divisions in the Firm, Operations is the first line of defence 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. Operations has a premier team of creative and dedicated professionals, with a unique vantage point interacting with all parts of the business. The Operations Senior Management team is passionate about our people development and providing top-notch employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning and dedicated career management.

Team Profile

The London based Exotic Equity Derivative Trade Support team is responsible for providing support to the Equity Exotics, Delta 1 and Corporate Equity trading and sales desks for the issuance & lifecycle management of their Structured Note & Certificate and OTC trading and hedging activity.

The team’s main responsibility is to perform as a control function for the desks they support while also facilitating business growth by providing scalability solutions either through procedural or technology changes.

Primary Responsibilities

The successful candidate will be responsible for the management of a team of 5 people, with indirect supervision of the broader team in India

Management responsibilities include but are not limited to the below.

  • Maintaining team capacity through active delegation, retention and hiring of talent
  • Reduction of key person dependency through cycling team responsibilities
  • Biannual performance reviews
  • Host fortnightly desk meetings to discuss trade capture performance
  • Individual and team goal setting
  • Organise team responsibilities to allow for the completion of the BAU, while also working toward departmental and personal goals
  • Monthly Balance substantiation
  • Point person for Operations on Exotic related New Product Approvals (NPA)
  • Partnering with stakeholders to deliver firmwide and market initiatives (e.g. Brexit, Mifid II)
  • Incident review and delivery of resultant strategic solutions
  • Point person for Exotic team on Key Risk Indicator (KRI) calls
  • Coordination of data and evidence for various Audit and Regulatory asks
  • Identifying opportunities to increase control or efficiency and delivering the relevant solutions

Supervision Of

  • Trade checkout exceptions completed by external vendor and raise to trading.
  • Exception review of trade lifecycle events including calculating complex payoffs
  • Daily reconciliation and clearance of position, product & internal accounting breaks front to back
  • Liaising with external issuing and paying agents (IPAs) & clearing systems to ensure that coupons are processed in a timely manner and responding to ad-hoc queries.
  • Escalation and clearance of aged settlement fails relating to booking errors
  • Client money manual adjustments

Equity Derivative Exotics Trade Support ? Director (AVP) ? Team Lead

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.

Department Profile

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 realise 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.

Team Profile

The London based Exotic Equity Derivative Trade Support team is responsible for providing support to the Equity Exotics, Delta 1 and Corporate Equity trading and sales desks for the issuance & lifecycle management of their Structured Note & Certificate and OTC trading and hedging activity.

The team?s main responsibility is to perform as a control function for the desks they support while also facilitating business growth by providing scalability solutions either through procedural or technology changes.

Primary Responsibilities

The successful candidate will be responsible for the management of a team of 5 people, with indirect supervision of the broader team in India.

Management responsibilities include but are not limited to the below.

  • Maintaining team capacity through active delegation, retention and hiring of talent
  • Reduction of key person dependency through cycling team responsibilities
  • Biannual performance reviews
  • Host fortnightly desk meetings to discuss trade capture performance
  • Individual and team goal setting
  • Organise team responsibilities to allow for the completion of the BAU, while also working toward departmental and personal goals
  • Monthly Balance substantiation
  • Point person for Operations on Exotic related New Product Approvals (NPA)
  • Partnering with stakeholders to deliver firmwide and market initiatives (e.g. Brexit, Mifid II)
  • Incident review and delivery of resultant strategic solutions
  • Point person for Exotic team on Key Risk Indicator (KRI) calls
  • Coordination of data and evidence for various Audit and Regulatory asks
  • Identifying opportunities to increase control or efficiency and delivering the relevant solutions
  • Supervision of
  • -Trade checkout exceptions completed by external vendor and raise to trading.
  • -Exception review of trade lifecycle events including calculating complex payoffs
  • -Daily reconciliation and clearance of position, product & internal accounting breaks front to back
  • -Liaising with external issuing and paying agents (IPAs) & clearing systems to ensure that coupons are processed in a timely manner and responding to ad-hoc queries.
  • -Escalation and clearance of aged settlement fails relating to booking errors
  • -Client money manual adjustments

Posting Date

May 13, 2022

Primary Location

Europe, Middle East, Africa-United Kingdom-United Kingdom-London

Education Level

Bachelor’s Degree

Job

Other

Employment Type

Full Time

Job Level

Director

Company: Morgan Stanley

Vacancy Type: Full Time 

Job Location: London,England,UnitedKingdom

Application Deadline: N/A

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