Equity Trading Operations Team Manager (AVP) Equity Trading Operations Team Manager (AVP) …

Morgan Stanley
in New York, NY
Permanent, Full time
Be the first to apply
Competitive
Morgan Stanley
in New York, NY
Permanent, Full time
Be the first to apply
Competitive
Equity Trading Operations Team Manager (AVP)
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 747 offices in 42 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.

One of the largest divisions in the Firm, Operations is the first line of defense for Morgan Stanley's financial and reputational well-being and essential in delivering value. Operations is responsible for correctly settling and recording millions of transactions per day, identifying and mitigating operational risk, developing strong client relationships and partnering with technology to realize the full potential of IT and Automation. Operations has a premier team of creative and dedicated professionals, with a unique vantage point interacting with all parts of the business. The Operations Senior Management team is passionate about our people development and providing top-notch employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning and dedicated career management.

Institutional Securities Group Product Operations (ISGPO) partners closely with Sales & Trading and our Clients to process daily activities, develop and implement new products and services, as well as drive efficiency and reduce risk in our processes. ISGPO is comprised of 5 departments: Client Operations, Trading Operations, Financing & Collateral Operations, Trade & Transaction Reporting Operations (TTRO) and Change the Bank (CTB).

Trading Operations is a key partner to the Firm's institutional trading business globally providing trade and post trade support covering Fixed Income (Rates, Credit, Cash, FX, Commodities, SPG & DSP) and Equities (Equity Cash, DSP, Equity OTC, Fund Derivatives & MSET) products. Playing a meaningful role in trade verification, new product approval, reconciliation of the Firm's books & records and supporting regulatory obligations, the department offers interesting opportunities for a talented team.

Role Description & Responsibilities:

The New York Equity Trade Support Group is the point on all operational issues for the Institutional Equity Trading Desks. They communicate daily with Traders, Legal, Compliance, Controllers, and Information Technology. A senior manager in this role applies their knowledge of the Firm and financial industry along with managerial experience to oversee support lines. They manage the trading assistants (analysts, associates and managers). Senior Managers ensure that the trading desks are receiving high quality support, mitigate risk, manage the teamâs performance, and look for opportunities to increase efficiency. Daily they work with senior management on all aspects of our business â€" not only on their teams, but departmentally.
Functions:
Career development of managers, associates and analysts - have regular 1:1s, review goals, manage expectations and conduct performance reviews.
- Management administration - hire staff, time entry sign-off and vacation approval
- Hold monthly team meetings
- Supervise support lines monitor work product, reconciliation sign-off and checklist monitoring
- Oversee training of trading assistants maintain depth #LI-AL1

Qualifications:

- Bachelors degree required
Competencies:
- Takes ownership - accountability for quality of support and protects the Firm
- Escalate appropriately to senior management
- Risk mitigation - looks for gaps and tightens controls
- Product/system expertise
- Solid relationships within the team and throughout the Firm
- Strong technical skills
- Actively contribute to meetings
- Process improvement - seeks opportunities to use technology
- Prioritizes own workload
- Creates a solid relationship with the trading desks as management of IED support
- Teamwork takes accountability for entire department /learns from senior management #LI-AL1
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