Operations Team Specialist - Risk/Trade Support - Director (AVP Equivalent)

PowerToFly; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading financial services company in Greater London is seeking a Team Specialist in WM Operations. The candidate will manage operations activity oversight and collaborate with senior leadership. Responsibilities include overseeing regulatory compliance processes, producing key reports for management, and supporting operational risk management efforts. Candidates should have over 5 years of experience in financial services and possess strong communication and problem-solving skills. This role offers a dynamic and inclusive work environment.

Benefits

Comprehensive employee benefits

Flexible working arrangements

Qualifications

• 5+ years in financial services with operations risk management experience.
• Ability to work independently and in a team in a fast-paced environment.
• Strong flexibility and quick learning capabilities.

Responsibilities

• Oversee exceptions management processes within Operations.
• Produce key Operations reporting for Senior Management.
• Support day-to-day operations oversight for Bank Entities.

Skills

Financial services experience

Excellent communication skills

Prioritization and multi-tasking

Problem-solving skills

Microsoft Excel experience

Tools

Microsoft PowerPoint

Job description

We're seeking someone to join our team as a Team Specialist in WM Operation. In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is a Director level position within the London location.

Position Description

Bank Operations Oversight Team is the centralized group responsible for operations activity oversight and risk management of Morgan Stanley Bank, N.A. (MSBNA), Morgan Stanley Private Bank, National Association (MSPBNA), Midway entities. Collectively the U.S. Bank Entities or the Bank(s). The role in Bank Operations Oversight is a high-profile opportunity to work with and support senior leadership across Operations groups (e.g. SSBO, ISG Product Ops, Wealth Management Ops, Ops Risk & Regulatory Control) as well as across divisions (e.g. Front Office, Financial Control, Legal and Compliance, Information Technology) to execute on their responsibilities to the U.S. Banks.

Core responsibilities include:

• Verification of 23A / 23B Regulation W exception management documentation and closure processes within Operations across multiple product types (e.g. FX, Equities, Fixed Income, Repo).
• Production of key Operations reporting to Senior Management of MSBNA and MSPBNA. Identifying, collating and reporting KRIs/KPIs to measure operational bank business risk. Includes implementing metrics for MSBNA trading and hedging products.
• Day-to-day operational support via oversight and central point of escalation for Operations areas supporting the Bank Entities.
• Working with various product areas to establish the correct booking and support structure for products affecting the Bank Entities.
• Oversight and implementation of Bank regulatory initiatives as they apply to Operations.
• Centralized monitoring, validation, collateral management, and reporting of Covered Credit Transactions (under Regulation W) on the Bank Entities.
• Ongoing review and maintenance of Service Level Agreements (SLAs) and Task Orders between the Bank Entities and affiliates (e.g. MSCO, MSSG) for Operations services provided to the Banks.
• Review, analysis and post-mortem of Operational Risk Incidents (ORIs), Key Risk Indicators (KRIs), audit/exam findings, and/or regulatory findings as they pertain to Operations groups supporting the Bank Entities.
• Working with Bank Management on strategic initiatives including expansion of the Bank into new product offerings and cost optimization planning.
• Review, outreach, and management of LRR (Laws, Rules, Regulations) as it pertains to Operations for MSBNA and MSPBNA.
• Work through the lifecycle and execution of NPA (New Product Approvals) and PCM (Product Change Management).
• Manage Banks NFRA (Non-Financial Risk Assessment) and BCP (Business Continuity Plan) process to ensure Bank involvement.

Skills Required

• Previous experience in financial services (5+ years).
• Highly motivated self-starter with excellent prioritization and multi-tasking abilities.
• Ability to work in a fast-paced environment, both independently and as part of a team.
• Demonstrate ability to learn quickly with strong flexibility in regard to the duties assigned and problem-solving skills.
• Excellent verbal and written communication skills.
• Can identify key control points within a process, and then provide assessment of the preventative and detective controls.
• Able to meet tight deadlines and has an execution-focused approach.
• Microsoft suite experience with strong background in Excel and PowerPoint.

Skills Desired

• Previous experience with Operations risk management (5+ year) function desired.
• Experience in risk management related to daily processing, escalation of issues and proposed resolution.
• Understanding of Banking industry and key regulations applicable to Morgan Stanley businesses.
• Previous experience with Morgan Stanley products on the Bank Entities including the operations and technology supporting them. Understanding of technical risk and control environments, such as experiences in informational security and business continuity management.
• Knowledge of US banking practices regulatory environment strongly desired.

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 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.