Global Operations Position Control, Associate

Job description

Company Profile:

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.

Department Profile:

ISG Product Operations encompasses two functionally aligned organisations. The first, Trading & Client Operations, provides Operations functions in direct support of activity executed by Institutional Sales & Trading. The second, Clearing 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 organisation 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.

Team Profile:

Trading Operations is a global team supporting Equity Derivatives, Interest Rate, Credit Derivatives (IRCC), Commodities and Collateral. The team supports primarily middle office functions with a global presence. Trading Operations have people located in the following locations - Americas (New York, Baltimore), Asia (Hong Kong, Tokyo, Singapore, Sydney and Mumbai), and Europe (London, Budapest and Glasgow).

Global Operations Position Control (GOPC) is part of the Trading Operations department with teams located in Glasgow and Mumbai. The team performs a pivotal role, ensuring that there is integrity around the completeness and accuracy of the market risk information across all the ISG businesses - Equity, Fixed Income and Commodities. This information is being used daily by traders, risk management, P&L controllers and Operations, specifically as a vital component of the daily PnL provided to the front office and the VAR analysis performed by the Market Risk Department.

GOPC have two principal objectives
- Identification, escalation and resolution of inconsistencies in the market risk information (position, market value etc.) between risk systems and the firm's books and records on a daily basis;
- Elimination of the root cause of the exceptions.
The department is comprised of a mixture of Operations and Finance professionals with a varied skill set, which enables them to leverage/manage cross- divisional technology and business requirements to meet the needs of their clients. GOPC are expanding their current remit to meet the growing demands of the firm and the evolving regulatory requirements of the industry.

The Global Operations Position Control team (GOPC) consists of 45 people globally split across Glasgow and Mumbai.

The Glasgow GOPC department comprises of 25 people split into 3 groups, Position and Income Control, P&L Control and PRC (Projects, Risk and Control). Each of these teams focuses on specific areas of the control framework for their business thus developing subject matter expertise from both the Operations and Finance perspective.

Primary Responsibilities:

The key areas of this role are;

Ensuring all controls and processes within the responsibility of the role are completed and continually evolving in line with the requirements of the team and Firm;
- Ensuring that all outputs are produced to a first class standard
- Ensuring deadlines are met and where possible exceeded
- Providing accurate and timely escalations to line manager
- Demonstrate ownership by being accountable for any issues highlighted within their control processes.
- Developing and maintaining relationships with key stakeholders and business partners
- Timely escalation of issues to key stakeholders and business partners to ensure effective resolution

Change Agenda and Business Process Improvement;
- Actively seeking out opportunities to improve the teams control framework and ensuring controls are carried out in as efficient a manner as possible
- Ownership of the resolution of issues identified through the root cause of issues highlighted through control processes
- Delivering projects within agreed deliverables

Ensure the accurate and timely reporting of all key client outputs and management reporting;
- Production and Development of Management Information
- Production of Metrics and Stakeholder Packs
- Ensuring the quality and timeliness of all outputs of the team are to the required standard

Reconciliation of internal firm systems, to ensure the completeness and accuracy of the data used at the various stages of the trade life cycle;
- Completion of daily and monthly proof and control reports to demonstrate the completeness and accuracy of PnL data.
- Investigate exceptions through interrogation of the Firms risk and financial systems.
- Providing accurate and timely escalations to line manager
- Pro-actively carrying out root cause analysis on break data to identify and then eliminate common break types, while communicating these successes
- Ensuring existing procedures are documented, kept current and complied with through periodic review

This is not exhaustive and tasks and responsibilities may change to maintain our high levels of service.

Desired profile

Skills required (essential):

- The successful candidate would ideally have a record of accomplishment and experience of delivering against tight deadlines
- The successful candidate would ideally be a confident well-rounded methodical person with strong analytical skills
- Attention to detail and accuracy is essential ( Responsible for metrics, management information, presentations)
- Strong communication skills both oral and written are essential, as the successful candidate will be dealing with clients and our partners across the various divisions of the firm.
- Task orientated, inquisitive in nature, the successful candidate will be required to ensure production items and projects are delivered on time.
- Ability to challenge the processes and issues under their ownership
- Self-motivated and ability to work consistently and efficiently to achieve end goals

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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. *LI-AM1