Analyst/Associate – OTC Clearing Integration (99860) recruitment
Position Description
Bank Resource Management (BRM) is responsible for the management of financial resources within ISG Sales Trading and is positioned at the core of transaction flows to ensure proper and consistent allocation and pricing of resources across market facing businesses.
Within BRM, OTCDCC is running and building out Morgan Stanley’s capability in OTC Derivatives Client Clearing to be a global leader in this service.
Job Description
As an Onboarding Analyst/Associate, the successful candidate will need to leverage the Onboarding “Captains” (EDs and VPs) in their management of the onboarding process to successfully enable our clients to clear trades through Morgan Stanley in accordance with preferences discussed in the Sales process. Onboarding includes all of the steps and areas below:
• Finalizing legal documentation
• Enabling technology and middleware connectivity and functionality
• Delivering reporting
• Testing processes
• Backloading existing OTC positions
• Analyzing margin implications of portfolios
• Confirming and implementing operational processes for clearing and related collateral management activities
Due to the evolving onboarding processes, from both a client and Firm perspective as the clearing environment evolves, the successful candidate will need to display a broad set of skills, though the main focus will be on technical and product knowledge, attention to detail, organisation and communication with the client.
Function/ Responsibilities:
• Assist the Sales team in meetings, calls and with RFI questions concerning onboarding in order to win new business.
• As directed by the “Captain”, face off to the client throughout the onboarding process and conduct all of the necessary work and organisation within Morgan Stanley and with the CCPs to achieve go live for the client.
• Manage, own and organise the on-boarding process front-to-back once a mandate has been won by Sales
• Assist with scheduling and presenting detailed workshops around the onboarding and operational processes in relation to client clearing.
• Assure escalation to the “Captain” for technical issues/support as needed.
• Track all client portfolio requests and manage overdue items
• Track and manage all client requests for IT and reporting enhancements
• Ensure confidentiality through maintaining adequate information barriers for all client data
• Liaise between the client and Operations Technology to provide updates on testing, track progress and provide technical oversight
• Explain technical aspects of clearing to clients for affirmation/allocation, lifecycle events, credit events/triggering, fee processing/settlements, collateral and reporting across all live clearing houses
• Prepare and update project management documentation on testing
• Develop and maintain testing materials/run books/presentations for clients, the BU and Operations
Skills Required
• Bachelors Degree 2nd Class or higher (or equivalent) - analytical, financial or mathematically related subject favoured.
• Candidate should have demonstrable experience in either an OTC Derivatives TA / middle office / Fixed Income intermediation role or a similar technical OTC Derivatives position
• Understanding of either Interest Rate Swaps or Credit Derivatives within the context of trading platforms, full trade lifecycle processing, collateral and reporting
• Evidence of interpersonal and relationship management skills, being able to communicate complex issues clearly and concisely with clients and business heads
• Experience with managing collaborative processes and working across different departments, ensuring other parties keep to deadlines and provide results
• Candidate should be able to organise themselves efficiently, keep track of multiple outstanding items and meet tight deadlines
• Demonstration in their past work experience of robust analytical skills and high attention to detail and accuracy.
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