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Global Control Head - Executive Director
Morgan Stanley
New York, NY, United States
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Morgan Stanley Investment Management - Global Control Head - Executive Director
Description
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 608 investment professionals around the world and $482 billion in assets under management or supervision as of December 31, 2017. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
As part of a Federal Reserve Bank requirement, Morgan Stanley Investment Management is transferring the Compliance Portfolio Surveillance and coding function directly into the business. As a result of this move, we are currently recruiting for a newly created role of Global Control Head, Executive Director.
1. Maintain a current and prioritized list of UCITS and overall team remedial items (such as data gaps, systems deficiencies, training/knowledge gaps with the portfolio managers, traders, portfolio surveillance team, etc.). Identify and log new risk items through daily processes by working closely with Portfolio Surveillance (pre and post trade monitoring) and coding functions. Establish an effective escalation process.
2. Promptly lead the remediation of items, partnering with Portfolio Surveillance, Coding, Operations, Advisory Compliance, Technology, investment management staff, and other Morgan Stanley Investment Management functions, as required. Leverage Portfolio Surveillance for guidance, and partner with Portfolio Surveillance and Coding for effective implementation of solutions.
3. Develop and maintain strong and credible relationships with investment management staff, including portfolio managers, traders and support staff, including to inform and communicate to them regarding issues and solutions. Work effectively with key internal and external teams including IT, Operations, Legal, and Compliance, to advance business and regulatory driven initiatives.
4. Develop and implement Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) at the direction of the Portfolio Surveillance global and coding leaders, analyze output, and direct remedial responses to completion.
5. Drive service improvement with Blackrock Solutions (Aladdin) and Fidessa (Sentinel) and other vendors as requested.
6. In partnership with the global Portfolio Surveillance leadership and Advisory Compliance, assist in/drive the development and implement practical global training program for investment management staff education, including PMs/traders and the Portfolio Surveillance staff
7. Manage and drive further process and control improvement in a consolidated coding staff and function. Develop, implement, and enhance equity and fixed income coding processes, including in relation to regulatory and IMA term interpretation, management of investment staff involvement, pre- and post-production testing, and regular and active inventory management.
Qualifications
1. Strong analytical and creative problem solving skills. Continuous process improvement mind-set is essential. Detail oriented with ability to multi-task, effectively prioritize responsibilities, and produce results.
2. Strong communication and relationship management skills; ability to develop and maintain effective relationships with senior portfolio managers, traders, and other investment management staff by understanding and timely addressing their needs.
3. Proven ability to recruit, motivate, and manage staff.
4. Change management experience.
5. Strong knowledge of equity- and fixed income-related trading and operational systems and processes.