Analyst 1/2/3
Position Description
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.
The role is within the Interest Rate Derivative Flow Trade Support Group (IRD TSG) which currently consists of five members who are responsible for all interest rate derivatives traded across EMEA. The product range covers IRS, OIS, FRA, X-Ccy, ZCS, TRS and VNS. The wider Trade Support Group, in which the IRD Flow TSG sits, has a mix of experience and is a fantastic area for someone to be exposed to a very steep learning curve and gives all individuals the opportunity to develop a meaningful career within Operations. Although it is not essential, it is preferable that the candidate has a good understanding of interest rate derivative products. Attention to detail is paramount along with diligence and quick escalation.
- As a member of IRD Flow TSG you will be working closely with the Front Office to provide the first level of control for the Interest Rate Derivative Trading desks.
- You will be responsible for offering the first line of defence for the Trading desk's franchise risk and risk in ensuring that the trade bookings are correctly reflected in both Front and Back Office systems and tie out with the Counterparty.
- You will be ensuring that all trades are booked and confirmed as intended by checking the Trading system verses internal MS systems and versus MarkitWire, liaising with Trading, Sales, Brokers or the Counterparty directly.
- You will act as guardian for the bank and you will monitor the integrity of the Firm's risk by ensuring that all trades are confirmed ASAP.
- You will be the intermediary between the Trading desk and other areas of the Bank. Controllers, Settlements and Confirmations areas will come to you to discuss and resolve issues to ensure that breaks are resolved effectively.
- You will be responsible for ensuring current controls are enforced, liaising with IT and Projects Groups to initiate new controls and build STP to improve the firms infrastructure to increase both efficiency and control as you see fit to protect our franchise.
Skills Required
? You will need diplomacy and accuracy in dealing with Traders, Brokers, Sales people and focus clients.
- The pace of the desk demands that you complete each task quickly and accurately. You will be protecting our franchise and dealing with millions of dollars at risk. The ability to organise your time and complete each task on time will be a key factor in determining your suitability for the role.
- A high degree of accuracy and a willingness to learn new products is essential. This role is constantly changing and a willingness to adapt to new firm and industry initiatives and put forward your own ideas is of paramount importance.
- You will operate Trend, STIX, STS, E-ticket and Mainframe and any future systems. On the job training will be given to allow you to operate these in-house applications. An understanding of industry platforms such as MarkitWire, Reuters and Bloomberg is desirable.
- Daily deadlines are inflexible and the candidate should be organised to ensure the team meet all deadlines. The role requires the sharing and discussing of knowledge and information between the Trading, Sales, Settlements and Confirmations groups.
- You will be in constant communication with the front office, clients and many departments within the bank. You should be accurate, knowledgeable and professional in all dealings with whomever you may meet.
- You will work closely with your peers and you will need to share knowledge and act as a team player to get the most out of this role.
Skills Desired
Fast learner who is an excellent communicator and has a high attention to detail.
Good product knowledge of Vanilla Interest Rate Derivatives is preferable.
Knowledge of derivative products and Confirmation/ Settlement processes is desirable but training will be given on the job.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.
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