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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.
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.
ISG Product Operations is a world-class global team of dedicated professionals, performing a myriad of functions, all with a common purpose: to manage Morgan Stanley's Clearing and Trading & Client operational processes and deliver value to our clients in a controlled and efficient way. 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.
The Drafting team looks after the production of documentation for Interest Rate, Credit and FX Derivative trades for North America, ensuring accurate trade representation to match Morgan Stanley's internal risk bookings. The team is groups of experienced drafting SME's covering the confirmation drafting process of exotic option and swap transactions done from New York, with a high focus of accurate and timely confirmation issuance in line with the CFTC and EMIR confirmations requirements. In addition, the team runs various initiatives to standardize and streamline internal confirmations processes to increase accuracy, efficiency and reduce cost per trade. The team is broken down internally by asset classes but set the long term goal of breaking down the walls of asset class specific structures and introducing a flexible, cross asset coverage model.
The role is a drafting Operations Specialist function in the local Interest Rate, Credit and FX Derivatives drafting team in Baltimore. The role's main responsibility is day-to-day operational risk management associated to the documentation of OTC derivative transactions. The role entails responsibilities of drafting and reviewing confirmations for structured and bespoke Fixed Income Derivative Trades across various lifecycle events, performing oversight over functions outsources far shore, management of incoming and outgoing queries with the team's internal client base and other ad hoc confirmation documentation support for the Fixed Income Business Unit. The successful candidate will be expected to become a subject matter expert, take leadership in driving certain projects and initiatives, develop and implement process improvements and become a key point of contact for a wide range of internal stakeholders including direct contact with Sales and Trading, Legal as well as other Operations teams including Trade Support and Derivatives Client Processing.
- Prepare timely and accurate trade confirmations for OTC derivative products predominantly trades in North America - Review trade confirmations drafted by other team members and the vendor - Work across various regions and departments to ensure timely resolution of drafting related queries - Provide additional support through drafting of Master Confirmation Agreements and Novation Agreements (as required) - Provide support for documentation aspects of Credit Event processing (as required) - Actively participate in the overall daily supervision of the processes outsourced far shore. - Drive various regional and cross-regional confirmation initiatives with the Derivatives Project Group, Technology and other Business Units. - Identify risk issues, escalate where appropriate & provide assistance in resolving - Actively ensure upward, downward & peer communication of developments and issues - Deal with regular queries from internal and external clients - Communicate with immediate team members on day-to-day issues, business process improvements, ideas and results - Carry out tasks related to the job in accordance with the instructions of the superior - Acts as a back-up for the team leader is their absence.
- Bachelor's degree required - Understanding of Fixed Income markets, experience in Derivatives trade processing. - Understands the risk inherent to Operational process - Strong numerical and analytical background, strong problem solving skills - Excellent attention to detail - Outstanding interpersonal skills - Ability to communicate to a wide and varied audience - Well organized - Ability to deal with stressful situations and high volume - Excellent team player
Internal Number: 4875347
About Morgan Stanley USA
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