Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
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Morgan Stanley's Institutional Equity Division (IED) is a world leader in the origination, distribution and trading of equity, equity-linked and equity-derivative securities. The Division services a global Institutional client base, providing clients with innovative product solutions that help to generate alpha within their portfolios.
Non-Market Risk Manager within the Institutional Equity Division ("IED") of Morgan Stanley focusing on regulatory issues, documentation and other non-market risk matters for swaps and derivatives.
Job Summary
The current opening is for a professional within the IED Risk Management New York-based team with responsibility for covering swaps and derivatives. Significant training will be provided as needed.
Risk Management is a global team that is part of the Institutional Equity Division. The group is responsible for managing the full spectrum of legal, regulatory, credit, operational and other non-market risks associated with the Firm's activities in equity products.
Job Responsibilities
- Create and approve new product templates and bespoke language for OTC swaps and derivatives to be utilized by global documentation and operations teams
- Prepare and negotiate ISDA-based master confirmations, portfolio swap agreements and bespoke confirmations for complex derivative products with institutional clients (including hedge funds, mutual funds, insurance companies, ERISA plans, endowments and broker-dealers)
- Advise sales and trading desks of the key risks in trade documentation and assist in documentation training for sales, trading and operations
- Develop and enforce negotiation policies for trade documentation
- Represent IED in various industry working groups and other forums formed discuss regulatory changes impacting swaps and derivatives and to develop new documentation
- Participate in internal meetings and working groups to advise and discuss new products and processes relevant to the IED swaps and derivatives businesses
- Develop and integrate compliance requirements of new rules and regulations under Dodd-Frank, EMIR and Basel III, working closely with legal, compliance, sales and trading, technology operations and other risk groups
Required Skills
- Strong academic credentials and work experience at broker/dealer, buyside firm and/or law firm. Experience with OTC derivatives and ISDA documentation helpful but not necessary.
- Bachelor's Degree required; JD preferred
- Excellent oral and written communication skills. Willingness and ability to deal with the Firm's clients and to promote and enhance the Morgan Stanley franchise.
- Solid quantitative skills and strong interest in business, economics and the law.
- Willingness to work in dynamic trading floor environment.
- Organized, detail-oriented and self-sufficient.
- Goal oriented and a team player.
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.
Expected base pay rates for the role will be between $140,000 and $225,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
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).