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Vice President, Institutional Securities Group Margin - Institutional Securities Group Product Operations
Morgan Stanley
Baltimore, MD, United States
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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.
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.
This is an exciting opportunity for a proven leader in Operations looking to build on their expertise and knowledge with a dynamic and challenging role in the Margin Department at Morgan Stanley.
Our customers are required to maintain sufficient collateral in the form of assets held with us. The Margin Department performs a key function by calculating daily the mark-to-market valuation of client portfolios and issuing margin calls in order to ensure that sufficient collateral is maintained to comply with US regulations and to minimize the Firm's exposure to counterparty and market risk.
The daily process of valuing portfolios requires a detailed knowledge of the products being traded by our customers and the strategies they pursue. A good knowledge of vanilla products such as common stock, government bonds and foreign exchange are essential.
You will play an important role in leading the team to reach their goal of monitoring Firm exposure to our customers across the Institutional Equities, Prime Brokerage and Private Wealth Management businesses. The businesses we support rely on our team to manage and highlight operational risk in the margin process. We are the last line of defense in a market or client crisis. You will form part of this defense.
Qualifications
• Degree in analytical / mathematically related subject is a plus. All degree disciplines considered although the role would suit someone comfortable with numerical and analytical work.
• Strong interpersonal skills / confidence to engage with Sales & Trading, IT and our stakeholders, peers and colleagues
• Demonstration in their past work experience of robust analytical skills and high attention to detail.
• Candidate should be a self-starter with the ability to work on their own initiative as well as being a solid team player. Being proactive and getting things done without being chased is a must.
• Exposure to margin & collateral is useful
• Computer literate; some exposure to advance excel processing and interaction with IT would be an asset.