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AU Settlements, Operations - Analyst/Associate

Morgan Stanley
Sydney, Australia
Closing date
Mar 2, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About the Company

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the firm's employees serve clients worldwide including corporations, governments, institutions and individuals.

About the Department

Morgan Stanley's Operations is committed to provide long-term career opportunities for talented, bright and energetic people in both a stimulating and supportive environment where they can achieve their maxim potential while enjoying themselves in the process.
For more information on career opportunities at Morgan Stanley, visit our website at

Operations supports the firm's sales, trading and other business activities and has diverse responsibilities, including:
• Ensuring that all operational risks are recognised and managed
• Developing and maintaining strong client relationships
• Making sure transactions are settled and recorded correctly
• Providing value-added support in new markets and new products
• Continually seeking opportunities for improvement and delivering innovative solutions

The AU Settlements team supports all Equity Settlement activities across the local market, in addition to Listed Derivatives cash control and reconciliation. The objective of the team is to maintain a high level of service in the execution of these roles and to partner with the Business Unit to address key internal and client issues. The team encompasses the below functional roles and the role will be expected to execute at a high level ensuring support and risk mitigation across all functional lines:
• Equity Settlements: AU Equity Market
• Listed Derivatives Cash Control and Reconciliation
This role currently covers regular business hours. However, occasions arise when the job is required to work longer hours on an adhoc basis.

Key responsibilities include:
• Reconciliation of Client Asset accounts including Trust account.
• Regulatory Reporting and understanding the requirements of regulatory risk items.
• Settlement Processing and Fail Investigation: minimize fails to market and SL fails, also its extra borrow cost.
• Processing of margin movements for Listed Derivatives
• Break Reconciliation: Reconcile all equity settlement related breaks on stocks and cash.
• Interact with different internal/external clients, BU, IT and other ops teams.
• Liaise with Local Agents to facilitate timely trade settlement, as required on a daily basis
• Liaise with Trade Support and Client Service groups for unmatched or failing trade resolution and ad hoc settlement queries
• Facilitate settlement of Stock Lending Transactions and liaise with regional stock lending desk
• Understand the rules and regulations of the Australian markets and work within risk parameters
• Reconciliation of domestic stock positions - Settlement / Entrepot and Proprietary accounts
• Clear internal reconciliation breaks for both stock and cash, as required daily
• Identifying and driving process improvements.

We are looking for high calibre people who possess the following competencies:
• Experience in the financial services industry
• Team player with excellent communication skills and the ability to interact with colleagues at all levels.
• Self-motivated, independent & focused worker
• Strong analytical, numerical and inter personal skills.
• Prioritization and time management skills.
• Problem solving through initiative and tenacity.
• Ability to multi-task and grasp new concepts quickly.
• Ability to take ownership of issues and ensure resolution.
• Ability to work under pressure and achieve results, whilst maintaining a professional, friendly manner
• Flexibility, in particular around working hours.

Qualifications/Experience Required
• HSC (or equivalent)
• Proven experience in an Operations role
• Experience within a global investment bank
• Further education in a related financial discipline is an advantage

Opportunities in this role
• Develop technical knowledge of the Operations function in a financial services organisation.
• Work as part of a global team utilizing the resources and skills available to deliver solutions locally.
• Build skills in working across geographic locations within a multi-cultural environment, adapting solutions to different cultural environments.

Equal Opportunities Statement
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.

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