ISG Margin Operations Director

s
Company: Morgan Stanley
Location: Baltimore, MD

Apply

ISG Margin Operations Director

Job Number:

3143217

POSTING DATE: Dec 16, 2019
PRIMARY LOCATION: Americas-United States of America-Maryland-Baltimore
EDUCATION LEVEL: Bachelor’s Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Director

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.

One of the largest divisions in the Firm, Operations is the first line of defense for Morgan Stanley’s financial and reputational well-being and essential in delivering value to our clients. 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 world-class team of innovative and dedicated professionals, with a unique vantage point in the Firm interacting with all parts of the business, front to back. The Operations Senior Management team are passionate about our people development and providing best in class employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning, and proactive career management.

Institutional Securities Group Product Operations (ISGPO) partners closely with Sales & Trading and our Clients to process daily activities, develop and implement new products and services, as well as drive efficiency and reduce risk in our processes.This is an exciting opportunity for an experienced Margin Director to build on their expertise and knowledge with a dynamic and challenging role in the Margin Department at Morgan Stanley.

Our customers trade derivatives and swaps and borrow money on margin from the Firm. They 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. In addition to vanilla products such as common stock, government bonds and foreign exchange, a good knowledge of derivatives, swaps and structured products is also essential.

You will play an important role in contributing to the team’s goal of monitoring Firm exposure to our customers across the Institutional Equities, Prime Brokerage and Private Wealth Management businesses.

You will be responsible for ensuring all positions and valuations are accurate, that correct requirements are being charged in accordance with the clients’ strategies, and that all margin calls are issued and met in full.

You will be expected and empowered to think about what your clients are trading, and to actively challenge things which do not make sense.

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.

As you progress through the role, you will also have the opportunity to support your team managers with carrying out supervisory functions and driving forward specific projects. The team contains a strong change management and product development mandate. In the constantly moving world of financial markets, we are engaged in a rolling program of change designed to challenge the status quo and keep us and our customers at the cutting edge of the industry globally. You will be part of this program.

You will be working with some of the foremost experts in the Margin and Risk Management field and you will find your knowledge and thought process challenged and expanded on a daily basis.

Skills Required

  • Degree in analytical / mathematically related subject with a minimum of a 2.1. All degree disciplines considered although the role would suit someone comfortable with numerical and analytical work.
  • Exposure to margin & collateral / cash & derivatives products is essential
  • 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.
  • Computer literate; some exposure to databases and interaction with IT would be an asset.

QUALIFICATIONS

  • Degree in analytical / mathematically related subject with a minimum of a 2.1. All degree disciplines considered although the role would suit someone comfortable with numerical and analytical work.
  • Exposure to margin & collateral / cash & derivatives products is essential
  • 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.
  • Computer literate; some exposure to databases and interaction with IT would be an asset.