Trade Support Manager- AVP

Employer
Morgan Stanley
Location
New York, USA
Salary
Competitive
Posted
Aug 09, 2022
Closes
Aug 23, 2022
Ref
16305308
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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.

The Operations division is both the first line of defence for protecting Morgan Stanley's financial and reputational well-being, and an essential partner contributing to the firm's growth. Facing off to all Morgan Stanley businesses and interacting with all other parts of the Firm, the Operations division supports a complex, multi-faceted portfolio of businesses in full compliance with regulatory guidelines and the directives of the Operating Committee and Board of Directors. Members of the Operations team have a unique vantage point as the division touches all parts of the business, front to back. One of the largest divisions in the firm, Operations 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, we continually strive to improve while actively supporting the development of new businesses, structures and markets.
We are now recruiting for a Director of Structured Credit Derivative Trade Support (CRD TSG). The Director is a team leader for Structured Credit and Securitized Derivative products and works closely with the Business Units and Infrastructure management in realizing the Firm's objectives.

The role requires a high level of risk management awareness and guardianship. The candidate needs to demonstrate they can take ownership of initiatives and make pragmatic and sometimes difficult decisions based on sound judgment in complex situations, which serve the best long term interests of the organization.
The candidate needs to fully understand the Business Unit requirements and objectives, provide advice / recommendations as appropriate and help drive prioritization. The individual will need to work effectively across geographical and functional boundaries, and develop strong relationships and networks across the firm. Well-tuned client skills are essential.

The Credit Derivative Trade Support Group plays a key role in front to back support of a broad range of Credit Derivative products including but not limited to Single name and Index (CDS, CMBX, ITraxx) Credit Default Swaps, Total Return Swaps, CDS Options, Index and Bespoke Tranches and Structured Notes. This group provides important controls to ensure that P&L generation and risk is accurately captured. The successful candidate will be liaising with Trading, Sales, Legal, Finance Controllers, and Operations departments so that the trade is correctly booked in the risk system. The TSG is the conduit for all post execution information flow to other operational departments. The candidate will also work with IT, projects groups and management to improve systems and processes and incorporate the latest industry initiatives and best practises. The lead will be responsible for responding to regulatory inquiries as required and attest to the completeness and accuracy of responses and submission

Qualifications:

- Strong communication skills
- Strong leadership skills with experience of managing people and teams
- Strong Credit Derivatives knowledge
- Strong Analytical and Problem Solving Skills

Skills Desired

- 5 years of experience in Fixed Income Operations
- Front to Back Fixed Income Credit Knowledge (Products, Confirmations, Lifecycle Event Processing, etc)
- Experience with Metric and Data Analysis
- Strong understanding of the Regulatory framework for Fixed Income Derivatives

Role is hybrid - 3 days in the office

This role requires that all successful applicants be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccinations within 3 days of commencement of employment.

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