We're seeking someone to join our team as an Associate to join our IM Operations Team which supports the Equity, Fixed Income, Liquidity and Alternative Businesses for Morgan Stanley Investment Management (MSIM), providing middle-office services including portfolio manager support, client services, portfolio transition management, market registration, product data maintenance and performance and attribution analysis. MSIM Operations also provides mutual fund support, derivative processing, and counterparty and credit event management services
MSIM Derivative Operations is responsible for various Derivative Middle and Back Office services for MSIM Operations. The Global Derivative Trade support team team is primarily responsible for all middle office related activities within Derivative Operations. The team covers broker, custodian, fund accountant and client reconciliation for all derivative asset classes including but not limited to F&O, IRS, CDS, CDX, and TRS. The team is also responsible for the processing of life cycle events for all OTC derivatives. This position will be located in India, Mumbai office.
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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, driving strategic automation solutions by embracing a transformation mindset and challenging the status quo.
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 India, we support the Firm's global businesses, with critical presence across Institutional Securities, Wealth Management and Investment management, as well as in the Firm's infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there's ample opportunity to move across the businesses.
Interested in joining a team that's eager to create, innovate and make an impact on the world?
What you'll do in the role:
- Perform daily functional responsibilities focused on derivative trade processing, block trade allocation communication, trade affirmation, trade confirmation and trade notification.
- Liaise with Fixed Income and Equity traders to resolve derivative trade discrepancies.
- Reconcile positions and market values for Swaps, Options, and Forward FXs with counterparties and fund accountants.
- Perform daily futures reconciliations with clearing brokers.
- Escalate material breaks or breaks which could lead to a NAV error or incorrect valuation to relevant stakeholders.
- Provide standard and ad-hoc reporting to the Derivatives teams in Europe and North America
- Make recommendations on process improvements and control enhancements.
- Review cash settlement breaks pertaining to fee processing.
- Maintain metrics regarding above tasks together with trade volumes.
- Contribute to operational workflows addressing internal requirements.
Relationship Management:
- Liaise with fund accountants, custodians, and technology service providers to resolve issues.
- Liaise with other stakeholders from MSIM offices around the globe.
- Liaise with Derivative Middle Office teams to resolve high impact reconciliation breaks.
Derivative Middle Office:
- Liaising with Fixed Income and Equity traders to resolve trade discrepancies.
- Liaising with Clearing Brokers, Fund Accountants, and third-party vendors to resolve trade related issues.
- Working with Portfolio Services, Collateral Management and Fund Administration teams to resolve any post trade issues
What you'll bring to the role:
- OTC or ETD trade support experience strongly preferred.
- Strong product knowledge (OTC and Listed Derivatives)
- Strong numeracy and analytical skills
- Accuracy, attention to detail, good organization skills
- High level of English - strong verbal and written communication skills
- High degree of computer literacy, including working knowledge of Windows-based applications such as Word, Excel and Access
- Demonstrated success working in a high volume, high intensity derivatives environment.
- Proven record of collaborating with a diverse group of colleagues across geographic and functional boundaries.
- Must be team oriented.
- Professional maturity, self-confidence, decisiveness, and outstanding business judgment
- Ability to assimilate information quickly.
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.