This job has expired, please see additional jobs below
Global Loan Services - Loan Trade Support - Director
Morgan Stanley
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
Description
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.
The Global Loan Services (GLS) North American Trade Closing Team is responsible for daily operational support of Morgan Stanley?s corporate loan trades executed by the following business units: Global Capital Markets, Investment Banking Division, Fixed Income Division, and Global Sustainable Finance. The portfolio/ facilities consist of Relationship Lending, Event Lending (Mergers & Acquisitions (M&A), Construction Loans, Initial Public Offerings (IPOs)), Commodities Deals, Municipal Deals, Bilateral Deals, Municipal Letters of Credit, Distressed Loans, and Collateral Loan Obligations (CLOs).
During the time a Morgan Stanley entity trades in a particular credit, NA Trade Closing team?s primary responsibilities includes: ensuring the underlying details are accurate (price, trade amount, trade date and underline economics), documentation and trading counterparty. The team must ensure timely and accurate reporting of these facilities/positions in corporate loan system, Loan IQ as it feeds to books and records.
The role of loan operations is to provide a front to back infrastructure solution for the timely execution of loan transactions in the primary and secondary market and the subsequent servicing of the trading portfolios. All teams have varying degrees of interaction with many different areas of the bank, including the business unit, regulatory controllers, product controllers, treasury, tax, credit, legal and other operations groups.
We are seeking an Associate/Director to perform the following function:
Secondary Par Loan Trading Trade Support
Assisting on any issues and providing timely escalation to desk and operations management
Working with trading desk, sales, and other operations group to ensure accurate trade booking
Work with Sales and Trading, Controllers, GCM and other internal teams on P&L issues
Collaborate directly with Traders, Salespeople and Syndicate to drive timely process to match
business dynamics
Liaise with relevant Operations teams to build or update deal and/or Counterparty information
in Loan IQ
Ensure accurate and efficient closing process for Secondary Par Loan Trading Business
Review of legal documentation where applicable (Trade confirmation, Assignment and
Agreements and Funding Memos) and ensuring documents are executed appropriately
Liaising with Sales and Trading Desk to handle execution of trade documents, and closing of
trades with focus on balance sheet and trading economics
Preparation and monitoring of metrics pertaining to Par Loan settlement Periodic updates of
policies and procedures
Responsible for analyzing data, recognizing trends, formalizing conclusions, and presenting
synthesized data to management
Qualifications
• 2-3 years Trade Support/Loan Trade Closing experience
• Able to meet tight deadlines and an execution-focused approach
• Excellent organization and interpersonal skills
• Ability to drive change and improve efficiencies on the team
• Self-motivated and willing to assume extended responsibility
• Ability to work in a fast paced environment, both independently and as part of a team
• Can identify key control points within a process, and then provide assessment of the
preventative and detective control
• Understanding risk implications of fixed income operations role
• Knowledge of front office trading systems and applications
• Solid understanding of risk management / prioritization
• Diverse product knowledge, in particular for this role experience with Secondary Loans
• Self-starter, highly motivated, ability to learn quickly