Department Profile
From global institutions to hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instrument in all the world's financial markets. Morgan Stanley professionals use our network and technology to provide liquidity and sophisticated analysis, to manage risk and execute reliably in the fast-changing markets.
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. Our broad and deep client relationships, market-leading platform and intellectual insights enable us to be a world-class service provider to our clients for their financing, market access and portfolio management needs.
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Global Markets Group is the offshoring arm of Morgan Stanley's Sales & Trading businesses in India. It covers functions across IED, associated to sales, trading, analytics, strats, risk management and documentation.
Background on the Team
Institutional Securities Documentation (ISD) is a global team based in several locations (including New York, London, Hong Kong, and Tokyo). The EMEA equity documentation group is part of global ISD and is comprised of a group of negotiators with legal backgrounds (i.e. practicing lawyers in HK/UK/NY; and/or as holders of law degrees/master's in law). Within the EMEA IED we are part of the risk function and we support the equity businesses of Morgan Stanley European, Middle East and Africa (EMEA) offices and handle documentation for prime brokerage and listed derivatives, over-the-counter on equity swaps/options (vanilla and exotic) on global equity underlying, stock-lending, warrants issuance, cash trading, equity research, regulatory remediation and subsets of documentation relating to our coverage areas.
Primary Responsibilities
This role is in Mumbai and requires working with the EMEA Equity Documentation Group based in London. The role will require a fast-learning, dynamic, pro-active, and self-motivated person to assist the team in its day-to-day activities.
The current opening is for a professional within the EMEA team, based in Mumbai, with responsibility for documentation aspects of OTC derivative transactions, prime brokerage, cash and stock-lending transactions in the EMEA region.
Job Responsibilities
• Manage the team of lawyers on the ground, co-ordinate with stakeholder on team dynamics, work management and allocations. Grooming/ training of team
• Draft, negotiate and execute (including amendments to) master derivatives agreements, including but not limited to ISDA, VM CSA, IM CSA, equity swaps /options and prime brokerage related documentation.
• Review and analyze constitutional documents of the client, to establish their capacity and authority capabilities for entering derivative transactions with Morgan Stanley.
• Review and analyze capacity and authority legal opinion from external counsel and highlight issues to Risk and Legal for approvals where applicable.
• Work closely with MS internal stakeholders, to obtain approvals on deviated terms identified in negotiable agreements, with clear implication on deviated terms to enable internal stakeholders to make informed decisions.
• Handle business unit's queries on the terms of documentation ISD handles.
• Participate in globally or locally led projects related to documentation requirements.
• Undertake tasks directly related to the coordination and lifecycle management of the clients' agreements and act as the primary point of contact for the clients for all tasks originating from the Asia Pacific region.
• Responsible for administering and facilitating the agreement execution process; maintain and update clients' contract database/systems; attend to day-to-day coordination among internal procurement and legal teams with respect to such contracts; and perform due diligence to ensure contract terms and conditions as well as information of the parties is reflected in the client's contract database/systems.
Skills required (essential)
• Law graduate with relevant 8-11 years of experience in financing/derivatives is preferred. Legal qualification is advantageous.
• Experience in team management will be preferred.
• In-house documentation negotiation experience or paralegal experience in corporate law firm is preferred.
• Excellent oral and written communication skills. Prepared to speak to clients (internal and external) at all times.
• Proficiency in English is a must. Good team player with potential to lead a team.
• Solid quantitative skills and strong interest in business, economics, and law.
• Willingness and ability to provide quality service to the Firm's clients and to promote and enhance the Firm franchise.
• Willingness to work in dynamic environment and the ability to excel under pressure.
• Proficiency and interest in technology and systems development.
• Organized, pro-active, ability to multi-task and work efficiently, detail-oriented, and self-sufficient.
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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
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.
Coverage for Audit Jobs
• Monday to Friday from 12:00PM to 9:00PM India time with flexibility on standard working hours for time sensitive matters.
• Periodic evening calls with US and EMEA Internal Auditors and auditees.