OTC Equity Settlements -Analyst/Associate at Morgan Stanley (Baltimore, MD)

| Baltimore, MD
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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.

ISG Product Operations supports Morgan Stanley's clearing, trading, and financing operational processes. Our mandate is to deliver high value to our clients, both internal and external, in a controlled and commercially responsible manner. The 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. ISG Product Operations partners closely with Shared Services and Banking Operations (SSBO) as well as Branch Operations and Operations Risk & Regulatory Control (ORRC) to deliver a connected front-to-back view of Operations to ISG Sales & Trading.

The OTC Settlements Team is responsible for all aspects of settlement for Foreign Exchange, Commodities, Credit, Interest Rate, and Equity OTC derivatives trades post-booking. The position requires daily interaction with various broker clients globally as well as internal sales and trading desks, other Operations groups, and technology teams. Our mission is to provide business units with cost effective, highly efficient and product agnostic full settlements services, enriching our clients experience and strengthening client relationships.

OTC Settlements is divided into several teams by product and function, offering the fantastic opportunity to learn a variety of different derivatives products and functions within the larger OTC Settlements team. Each team is responsible for controlling risk by managing relationships with counterparties to ensure that high risk settlements are settled on value date, and where there are any post-settlement issues or discrepancies, the team investigates and resolves in a timely way.

Product Coverage

Fixed Income and Equity OTC Derivatives products, Foreign Exchange, and Commoditie

Primary Responsibilitie

- Client and Business Unit relationship management

- Daily communication with clients to agree upcoming cash flow

- Investigation and resolution of client fails through various means, including daily interaction with trading desks, sales desks and middle office groups to ensure prompt resolution

- Reconciliation and analysis of aged break

- Responding to client queries relating to position breaks, corporate action bookings and reporting

- Collaborating with Operational management, sales, and trading desks to diminish risk through escalation and strong communication

- Acting as a process owner and being accountable for all outstanding item

- Developing and improving existing processes and reporting

- Working as part of the global settlements team to assist with development, testing & implementation of internal system change


Skills required:

- Strong analytical, organizational, and verbal and written communication skill

- Proven ability to work efficiently and accurately under pressure in a fast paced multi-tasking environment

- Proactive and self-motivated

- Strong Microsoft Excel and Word skill

-Due to the nature of the products traded, the job requires the ability to identify problems as they arise and understand when these need to be escalated. Strong problem solving skills and continued follow up are a necessity.

-The candidate should possess a good appreciation of risk - both operationally and franchise.

-Ability to provide attentive client service and develop client relationships both internally and externally.

Role is Hybrid and will require in office attendance 3 days/week. #LI-Hybrid
More Information on Morgan Stanley
Morgan Stanley operates in the Financial Services industry. The company is located in Rochester, NY, New York, NY, Purchase, NY, Conshohocken, PA, Baltimore, MD, Richmond, VA, Westlake, OH, Beavercreek, OH, Tampa, FL, Kansas City, MO, Omaha, NE, New York, NY, San Francisco, CA and San Francisco, CA. Morgan Stanley was founded in 2022. It has 87899 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 251 open jobs at Morgan Stanley, click here.
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