Operations Associate - Credit Derivative Trade Support

Morgan Stanley; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Flexible working arrangements

Job summary

Morgan Stanley is recruiting for an Associate in Credit Derivative Trade Support (CRD TSG) in London. The role emphasizes risk awareness, ownership of initiatives, and pragmatic decision-making to safeguard the firm’s interests.

You will liaise with Trading, Sales, Legal, Finance Controllers, and Operations to ensure correct booking in risk systems and timely resolution of issues, while working across IT and project teams to enhance processes.

Qualifications

• Strong communication skills demonstrated across teams and levels.
• Knowledge of credit derivatives including CDS and other products.
• Analytical and problem-solving abilities with a risk-focused mindset.
• Ability to multi-task in a high-pressure environment and manage priorities.

Responsibilities

• Provide first level control and escalation in collaboration with Trading and Sales.
• Ensure accurate trade bookings in risk systems and reconciliation with counterparties.
• Act as liaison to other departments to resolve trade breaks and issues.
• Drive process improvements with IT and Projects Groups; deliver concrete results.
• Provide training and guidance to junior specialists.

Skills

Strong communication skills

Credit derivatives knowledge

Analytical and problem solving

Risk management mindset

Multi-tasking

Time management

Cross-functional collaboration

Effective stakeholder engagement

Job description

We are now recruiting for an Associate role in Credit Derivative Trade Support (CRD TSG).
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 practices. The lead will be responsible for responding to regulatory inquiries as required and attest to the completeness and accuracy of responses and submission.

The position includes:

• Partnering closely with the Trading and Sales to provide the first level of control and escalation
• Responsible in ensuring that the trade bookings are correctly reflected in the trading risk systems and tie out with the Counterparty
• Ensuring that all trades are booked and confirmed as intended by checking the Trading system verses internal MS systems, liaising with Trading, Sales, Brokers or the Counterparty directly
• 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
• Responsible for ensuring current controls are followed, manage critical projects or process improvements with IT and Projects Groups
• Analyze and break down ambiguous or complex issues into concrete deliverables and takes responsibility for ensuring deliverables are met
• Provide training and direction to more junior specialists

Skills required;

• Strong communication skills
• Credit Derivatives knowledge
• Strong Analytical and Problem-Solving Skills
• Strong risk management and control mindset
• Individual needs to be performance-driven, proactive, with proven ability to take on challenges, set and execute agenda. Candidate should be a dynamic self-starter with the ability to work either on their own initiative as well as be a solid team player with strong problem-solving skills
• Ability to evaluate and identify areas of risk across the organization. Identify and implement best practices and in some cases help shape the risk and project agenda
• A willingness to engage in a wide range of issues at all levels of detail will be vital
• Ability to multi-task, prioritize and be flexible to changing priorities and demonstrate good organizational skills
• Ability to communicate effectively and confidently across all levels.
• Ability to confidently face off to senior management across divisions
• Good interpersonal skills to build cross-divisional relationships; gain support and respect from key stakeholders (Business Unit, Operations, FCG , Legal & Compliance)
• Good project and modeling skills to represent information in graphical forms that enhance decision‑making and communications
• Ability to multi-task in a high intensity environment. Willingness to transfer knowledge is imperative
• Ability to deliver on plans, complete next steps and resolve issues in a timely manner
• Proficiency in Excel
• Multi-Tasking and time management skills are critical
• Ability to identify and elevate issues to senior management and to trading desk(s)
• Work well in a time sensitive environment

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what’s best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Certified Persons Regulatory Requirements:

If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

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.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.