Financing and Collateral Operations Team Manager - Institutional Securities Product Operations Group

  • Competitive
  • Baltimore, MD, USA Baltimore MD US
  • Permanent, Full time
  • Morgan Stanley USA
  • 24 Apr 18 2018-04-24

Financing and Collateral Operations Team Manager - Institutional Securities Product Operations Group

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.

Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.

Institutional Securities Group (ISG) Product Operations encompasses two functionally aligned organizations. 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 organization 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.
This is an exciting opportunity for a Director to build on their expertise and knowledge with a dynamic and challenging role in the Margin Department at Morgan Stanley.
Our customers trade derivatives and swaps and borrow money on margin from the Firm. They are required to maintain sufficient collateral in the form of assets held with us. The Margin Department performs a key function by calculating daily the mark-to-market valuation of client portfolios and issuing margin calls in order to ensure that sufficient collateral is maintained to comply with US regulations and to minimize the Firm's exposure to counterparty and market risk.

Responsibilities:

- Supervisory role over collateral processing and reconciliation.
- Exposure management for Morgan Stanley
- Proactively explore tactical and strategic solutions to close identified control gaps, working with other groups as appropriate; Ensures existence of mitigating controls
- Maintain a clear focus on enhancing control and continuously improving and reducing operational risks
- Troubleshoot problems arising on an ad-hoc basis and react to BU and Client driven demands
- Work with multiple units in operations, BU and technology on projects and initiatives
- Strong team working skills with supervisory and line trade processing experience
- Interaction with clients daily regarding the OTC collateral process

Qualifications:

- Bachelor's degree required
- Ability to work under pressure and multi-task
- Attention to detail
- Escalation Awareness: ability to assess risk and exposure issues
- Excellent written and verbal communication skills
- Ability to work with external clients to enhance the client experience
- Knowledge of Microsoft Office with a focus on Excel