Associate - Fixed Income Operations

Socket.dev; Maryland; On-site; USD 64,000 - 108,000; Full time

Benefits offered by this job

Medical benefits

Dental & Vision

401(k)

Job summary

Morgan Stanley Baltimore is seeking an Associate in Fixed Income Operations to support trade capture, reconciliation, documentation, and settlement of fixed income securities. You will work with Trading, Sales, and other operations to manage risk and ensure accurate processing in a fast-paced environment.

The role emphasizes strong risk controls, cross-functional collaboration, and delivering concrete outcomes across securitized products, mortgage-backed securities, agency TBAs, and corporate

Qualifications

• Bachelor's degree or equivalent required.
• 2-6 years of experience in the financial industry.
• Strong risk management and control mindset.
• Dynamic self-starter with problem solving and teamwork.
• Ability to multi-task in a high-intensity environment.
• Proficiency in Excel.
• Excellent interpersonal skills to build cross-divisional relationships.

Responsibilities

• Provide first level control and escalation with Trading and Sales.
• Ensure trade bookings reflect in risk systems and tie out with counterparties.
• Verify trades are booked and confirmed across systems with traders and brokers.
• Serve as intermediary between Trading and Controllers, Settlements, and Confirmations.
• Follow current controls and drive IT/projects improvements.
• Analyze ambiguous issues and deliver concrete results.
• Understand risk implications of fixed income operations.
• Participate in the U.S. Treasury Auction process.
• Collaborate with trading desk, sales, and operations for proper processing and reporting.
• Maintain stakeholder relationships and escalate issues timely.
• Support on issues and escalate to senior management as needed.

Skills

Risk management

Self-starter

Proactive

Problem solving

Multi-tasking

Communication

Organizational skills

Excel

Education

Bachelor's degree or equivalent

Tools

Excel

Job description

We're seeking someone to join our team as an Associate in Fixed Income Operations. Our team provides operational coverage to the trading, underwriting and structuring of Fixed Income securities. This includes the trade capture, reconciliation, documentation and settlement of proprietary and liquidity transactions executed by various trading desks. The essential focus of this team is to ensure all operational risks are recognized and managed and that internal controls are complete and operating effectively.

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 an Associate level position level position within Product Support & Services, which is responsible for providing transaction support and managing post execution processes. Products supported include: Securitized Products, Mortgage and Asset Backed Securities, Agency TBA's. and Corporate Bonds. The Associate role will be an integral part of managing risk for the fixed income operations group on a daily basis. Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

At Morgan Stanley Baltimore, we support the Firm’s global Technology, Operations, Risk Management, Legal and Compliance, Internal Audit and Finance divisions. Morgan Stanley has been rooted in the Baltimore community since 2003. Our talented and diverse team is one of the largest in the U.S. outside of our New York headquarters and home to industry leading cybersecurity innovation with multiple patents and awards. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. There’s ample opportunity to move across the businesses for those who show passion and grit in their work.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you’ll do in the role:

• Partnering closely with 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 vs internal Morgan Stanley 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
• Understanding risk implications of Fixed Income operations
• Participate in the U.S. Treasury Auction process
• Working with trading desk, sales, and other operations group to ensure proper trade processing and reporting
• Managing stakeholder relationships across the business unit
• Assisting on any issues, and providing timely escalation to trading desk and Operations senior management

What you’ll bring to the role:

• Bachelor's degree or equivalent required
• 2-6 years of experience in the financial industry
• 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
• 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
• Good interpersonal skills to build cross-divisional relationships; gain support and respect from key stakeholders (Business Unit, Operations, FCG , Legal & Compliance)
• 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 escalation issues to senior management and to trading desk(s)
• Work well in a time sensitive environment
• Self-starter, who is willing to ask questions
• Fixed Income Securities Knowledge (Securitized Products, Mortgage and Asset Backed Securities, and TBA's)
• Experience with Metric and Data Analysis

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.

Salary range for the position: $64,000 - $107,500 Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

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.