Interest Rate Derivative Trade Support - AVP

Interest Rate Derivative Trade Support - AVP

Job Number:

3230458

POSTING DATE: Jan 27, 2023 PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London EDUCATION LEVEL: Bachelor's Degree JOB: Other EMPLOYMENT TYPE: Full Time JOB LEVEL: Director

DESCRIPTION

Interest Rate Derivative Trade Support - AVP London 3230458 The Interest Rate Derivative Trade Support Group (TSG) plays a key role in supporting a broad range of products and processes in the fixed income derivative (FID) world. The TSG is the conduit for all post execution information flow to other operational departments. The role is within the Interest Rate Derivative Exotics Trade Support Group, which currently consists of four members who are responsible for all interest rate derivatives traded across EMEA. The product range covers complex, hybrid and exotics bookings. The wider Trade Support Group, in which the IRD Flow TSG sits, has a mix of experience and is a fantastic area for someone to be exposed to a very steep learning curve and gives all individuals the opportunity to develop a meaningful career within Operations. Although it is not essential, it is preferable that the candidate has a good understanding of Interest Rate Derivative products. Attention to detail is paramount along with diligence and quick escalation. About Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. 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. We 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. What will you be doing? ISG Product Operations is a world class global team of dedicated professionals, performing myriad functions, all with a common purpose: to manage Morgan Stanleys 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. 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.

As a member of IRD Exotics TSG you will be working closely with the Front Office to provide the first level of control for the Interest Rate Derivative Trading desks.

You will be responsible for offering the first line of defence for the Trading desks franchise risk and risk in ensuring that the trade bookings are correctly reflected in both Front and Back Office systems and tie out with the Counterparty.

You will be ensuring that all trades are booked and confirmed as intended by checking the Trading system verses internal MS systems and versus external platforms where applicable, liaising with Trading, Sales, Brokers or the Counterparty directly.

You will be the intermediary between the Trading desk and other areas of the Bank. Controllers, Settlements and Confirmations areas will come to you to discuss and resolve issues to ensure that breaks are resolved effectively.

You will be responsible for ensuring current controls are enforced, liaising with IT and Projects Groups to initiate new controls and build STP to improve the firms infrastructure to increase both efficiency and control as you see fit to protect our franchise.

QUALIFICATIONS

What we’re looking for:

You will need diplomacy and accuracy in dealing with Traders, Brokers, Sales people and focus clients.

The pace of the desk demands that you complete each task quickly and accurately. You will be protecting our franchise and dealing with millions of dollars at risk. The ability to organise your time and complete each task on time will be a key factor in determining your suitability for the role.

A high degree of accuracy and a willingness to learn new products is essential. This role is constantly changing and a willingness to adapt to new firm and industry initiatives and put forward your own ideas is of paramount importance.

You will operate Trend, STIX, STS, Tripod, Triclear, TASER, Spire and any future internal applications. On the job training will be given to allow you to operate these in-house applications. An understanding of industry platforms such as Markitwire, EuroClear and Bloomberg is desirable.

Daily deadlines are inflexible and the candidate should be organised to ensure the team meet all deadlines. The role requires the sharing and discussing of knowledge and information between the Trading, Sales, Settlements and Confirmations groups.

You will be in constant communication with the front office, clients and many departments within the bank. You should be accurate, knowledgeable and professional in all dealings with whomever you may meet.

You will work closely with your peers and you will need to share knowledge and act as a team player to get the most out of this role.

Skills that will help you in the role:

Experience in SPV/Repack space

Experience in bonds and securities settlements

Good product knowledge of Complex/Hybird Interest Rate Derivatives is preferable

Trade compression experience is preferable, including TriReduce cycles

Awareness of current industry initiatives and regulatory landscape affecting OTC derivatives

Flexible work statement: Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more. 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.