Team Leader – OTC DCC Clearing Trade Support Group recruitment

Background of CTSG (Clearing Trade Support Group)
OTC Derivative Client Clearing (OTCDCC) Operations support the Firm’s clients alleging and clearing trades, managing their related portfolios collateral and leveraging the breadth of services the Firm is providing. The Morgan Stanley Clearing offering spans across multiple Clearing Houses (LCH, ICE, CME, etc.) and across asset classes, in particular Fixed Income Derivatives. The OTCDCC Operations department is comprised of Client Service Group (CSG), Clearing Trade Support Group (CTSG), Onboarding and Clearing Project Group (CPG).

You will be responsible for timely and accurate trade capture, enrichment, confirmation and completion of Clearing Broker trades in production. As well as production you will also be responsible for trialling execution in order to help the Firm win new mandates in conjunction with CSG and Onboarding. The role also partners closely with CPG and IT to design and deliver both strategic and tactical solutions for faster processing and better control around client clearing trades, and given the amount of change in this space, this is an important part of the role to help expand the Firm’s offering.

Job Description:
There is currently a permanent position available for an individual at the Director level within the CTSG team. The successful candidate will be working in a challenging environment, overseeing the day-to-day trade processing and controls oversight as well as influencing our architecture build.

Function / roles and responsibilities
The individual will be responsible for the Trade Support Team in assisting in the development of client clearing activity:

• Trade booking and processing
• Position management and risk control
• Position reconciliation between Risk, the Clearing House and Firm books
• Issue follow-up and escalation
• Provide risk management
• Act as key person to queries from all other Operations teams
• Create policies, procedures and workflows
• Work on control initiatives such as root cause analysis and process improvement
• Trialling execution
• Provide requirements for automation and conduct UAT  
• Working closely with Project Management
• Oversee a small team of direct reports

Skills Required
• Bachelors Degree or equivalent - analytical, financial or mathematically related subject favoured.  
• Knowledge and proven experience of OTC Derivatives, in particular Interest Rate Derivatives and/or Credit Derivatives and/or FX Derivatives
• Proven record of providing superior results to external clients
• Strong interpersonal and relationship management skills, able to communicate clearly and concisely, moderating style and delivery to suit different parties and media
• Ability to organise themselves efficiently, keep track of multiple outstanding items and meet tight deadlines
• Demonstration in past work experience of robust analytical skills and high attention to detail as well as risk awareness
• Candidate should be a self-starter with the ability to work either on their own initiative as well as be a solid team player

Skills Desired
• Strong operational background with emphasis on risk management and process improvement
• Knowledge of Morgan Stanley systems and applications (preferred)
• Ability to balance project deliverables with daily processes

Morgan Stanley is an equal opportunities employer and is committed to fair treatment, regardless of background (including criminal record)