Associate - Prime Brokerage Operations

Morgan Stanley; United States; On-site; USD 90,000 - 120,000; Full time

Job summary

Morgan Stanley in the United States is seeking an Associate in ISG Equity Operations to provide first-class service and break resolution for clients across multiple products. You will partner with Prime Brokerage Trade Support, Prematch and Fails teams, and senior management to maintain a high-quality front-to-back operations workflow.

The role requires knowledge of the full trade flow, experience drafting procedures, and a proven ability to deliver projects with minimal supervision.

Qualifications

• Experience with the full trade flow from execution to settlement.
• Ability to prepare team procedures and assess/implement team controls.
• Proven track record of driving project initiatives and process improvements.

Responsibilities

• Execute processes/functions and support process management and project efforts across systems, markets and instruments.
• Identify risk in day-to-day processes and highlight issues for remediation.
• Build relationships with internal stakeholders and share knowledge to improve team output.
• Participate in projects and initiatives, aiding solution development and timely execution.
• Liaise with global stakeholders and various operational groups.
• Plan and organize project initiatives and team testing.
• Provide reporting/information to management and key stakeholders.
• Manage client-related processes such as trade amendments and reporting within set timescales.
• Ensure procedures are accurate and up-to-date; adhere to controls and client requests.
• Contribute to improving process efficiency through root cause analysis.

Skills

Trade flow knowledge

Risk identification

Stakeholder management

Project delivery

Microsoft Office

Client service mindset

Tools

Microsoft Office

Trade capture systems

Job description

We're seeking someone to join our team as an Associate in ISG Equity Operations responsible for providing first class service and break resolution for a number of clients over various products for global markets. The Associate will work closely with Global Stakeholders including the Prime Brokerage Trade Support teams, Prematch and Fails, the Business Units and senior management across the firm.

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, Client 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.

Prime Brokerage Client Operations supports both the Prime Brokerage (NY) and International Prime Brokerage (LN) Business Units, across both Equity and Fixed Income products. It is a hugely diverse and dynamic department covering a wide range of functions/responsibilities from trade capture and clearance through to settlements and break resolution. The teams liaise with various internal and external counterparties on a daily basis, including the business units, hedge fund clients, brokers, stock loan, controls, corporate actions, network management and settlements. It is a high risk, exciting environment where the teams have to work to tight deadlines, which are both client and market driven.

As the demands of hedge funds have evolved, so too have services provided by the Prime Broker. Today, Morgan Stanley Prime Brokerage supports clients across a wide range of trading strategies from the more traditional equity long/short to credit strategies where the fund manager is trading credit default swaps, index futures and global distressed debt.

The Client Service Group provides direct client coverage and each team member is responsible for their own client base. Within this model, the Client Service Group team members support a number of key processes including break investigation, fails investigation and various other trade related activities. As this is a crucial client facing role the team are also responsible for making client process improvements which ultimately supports both Morgan Stanley and the client.

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:

• Execute processes/functions and/or support process management and project efforts, leveraging knowledge of the systems, markets and instruments that influence the team
• Recognize risk in day-to-day processes to draw out the key issues and contribute to process improvements
• Build relationships within team and internal stakeholders, sharing knowledge to contribute to team output
• Participate in projects and initiatives, aiding in solution formulation with a focus on timely execution
• Liaising/communicating with Global stakeholders and various operational groups
• Planning and organizing of project, initiatives and team testing
• Providing reporting /information to management and key stakeholders
• Process management of various client related functions such as trade amendments, client queries & reporting within specified timescales
• Ensuring procedures are accurate, relevant and adhered too
• Pro-actively contributing towards the drive to improve process efficiency through root cause analysis
• Identification and timely escalation of risk items to management

What you'll bring to the role:

• Knowledge of the full Trade flow from Execution to settlement for the market & the client
• Experience preparing team procedures and assessing/implementing team controls
• Ability to establish clear goals and priorities, and address non-standard issues within area of expertise with minimal guidance and supervision
• Subject matter expertise in business area supported, client requirements, and ability to ensure control is not compromised to comply with client requests
• Culture carrier across Operations, embracing the Firm's core values
• At least 2 years' relevant experience would generally be expected to find the skills required for this role
• Good knowledge of Microsoft Office applications
• Proven track record of successful project implementation

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