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WM Trading Operations, Associate

Morgan Stanley

Chicago (IL)

On-site

USD 80,000 - 105,000

Full time

4 days ago

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Job summary

A leading financial institution is seeking a WM Trading Operations Associate to deliver trade support and implement operational risk strategies in equity, options, and futures markets. The ideal candidate will have extensive market knowledge and demonstrate analytical skills to enhance client trading experiences.

Benefits

Comprehensive employee benefits

Parental Leave

401(k) Plan

Qualifications

Demonstrated ability to function independently as well as part of a team.
Extensive knowledge of equity/options/futures markets.
Active Series 7 & 63 certification.

Responsibilities

Monitor and review customer orders based on proprietary risk-based parameters.
Investigate and resolve trading inquiries to enhance client experience.
Provide internal trade support by phone, email, and chat.

Skills

Communication

Analytical skills

Problem-solving

Risk management

Education

Bachelor's degree in Finance or related field

Tools

Bloomberg Terminal

Microsoft Excel

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Overview

The Trading Operations Associate will deliver trade support and implement operational risk control strategies for client trading activity in the US equity, options, and futures markets. This role will require a deep knowledge and understanding of order management systems (OMS), order routing, and middle office support.

Monitor and review customer orders based on proprietary risk-based parameters and standards
Investigate and resolve trading inquiries and exceptions to enhance the client experience and ensure regulatory compliance
Provide internal trade support to E*TRADE Service, Sales, and Operations teams by phone, email, and chat
Troubleshoot operational and technology-based problems impacting customer orders and trades
Handle inbound communication from market centers and exchanges regarding order routing and trade execution
Facilitate effective order routing and order management utilizing proprietary OMS and related middle office applications
Provide insight and feedback related to process improvement and operational efficiency
Monitor and evaluate system performance
Become a subject matter expert on E*TRADE’s customer trading applications, OMS, and US market structure
Review and resolve reconciliation exceptions on trade- and order-related blotters and reports
Uphold strict risk-management principles at all times to protect E*TRADE clients, the Firm, and the financial markets

Knowledge And Skill

Demonstrated ability to function independently, as well as part of a team, with accuracy and consistency in a fast-paced, time-sensitive environment
Extensive knowledge of equity/option/futures markets and trading
Proven ability to prioritize competing interests and manage multiple deadlines
Ability to analyze and resolve complex issues
Verified ability to acquire skills quickly and integrate new ideas
Work well under pressure
Understanding in the areas of margin, order entry/execution, corporate actions and reorganizations, and P&S
Excellent verbal/written communication and interpersonal skills
Demonstrated organizational skills
Excellent judgment and problem-solving skills required to handle and resolve high-risk items
Working knowledge of the securities industry regulatory landscape and current environment
Familiarity with Microsoft Office applications (advanced Excel skills a plus)
Bloomberg Terminal and OMS/EMS experience a plus
Active Series 7 & 63

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

Salary range for the position: $80,000 - $105,000. 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 X 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Seniority level

Seniority level
Entry level

Employment type

Employment type
Full-time

Job function

Job function
Finance and Sales

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