Trade Transaction Reporting Operations Vice President - Institutional Securities Group Product Operations

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 20 Apr 19

Trade Transaction Reporting Operations Vice President - Institutional Securities Group Product Operations

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.


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 have 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

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.

Trade & Transaction Reporting Operations

Trade & Transaction Reporting Operations (TTRO) delivers the appropriate diligence and governance over the Firm's global transaction reporting obligations. TTRO is charged with ensuring the completeness, accuracy and timeliness of the Firm's trade and transaction reporting and is comprised of teams in London, New York, Hong Kong, Glasgow and Mumbai, supported by a selection of vendors and third party service providers.

As the Center of Excellence for Transaction Reporting, TTRO are engaged in the development of platforms and processes supporting upcoming regulatory change in a high focus, rapidly evolving environment. Supporting a broad stakeholder base, TTRO liaise with various internal and external counterparties daily, including other Operations teams, Sales and Trading, Non-Market Risk leads, Legal and Compliance teams, Information Technology, trade organizations such as ISDA, AFME and FIA, and Industry utilities such as DTCC and Unavista. The criticality of the function ensures senior management engagement and secures a high profile for those in the team.
Transaction Reporting Assurance and Quality (TRAQ) control team works with the run the bank (RTB) and change the bank (CTB) teams to ensure that the transaction reporting is in line with the regulatory requirements, industry best practice and the Firm's ISG trading activity. This small team of subject matter experts is currently based in London, New York and Hong Kong.

Role Description & Responsibilities:

- Detailed subject matter expert for trade and transaction reporting, able to support senior management and other teams in understanding regulatory requirements.
- Responsibility for quality and assurance control over the Firm's ISG transaction reporting submissions. The role in New York has a particular focus on the CFTC and CSA reporting, however, TRAQ works as a single team sharing knowledge and tasks globally.
- Cross financial product knowledge, preferably with a deeper knowledge of at least one of the derivative asset classes.
- Knowledge of transaction reporting regulations, in particular CFTC and CSA. Evidence to support an ability to quickly acquire this knowledge if not achieved at time of hiring.
- Demonstrates a detailed knowledge of the processes, projects, systems, markets and instruments that influence their team.
- Analyses and exposes ambiguous or complex issues, identifies root causes and proposes future actions.
- Ensures Compliance Courses and Policies are completed on a timely basis.
- Required to build and manage relationships on a day to day level with Business Unit partners, other Morgan Stanley infrastructure departments, and external contact points in Client organizations.
- Ability to manage a small team and to be able to manage and coordinate issue specific teams that may be assembled at short notice.
- Able to work autonomously working for a functional manager based in London.


- You anticipate problems/obstacles and understand the ramifications to business. You offer workable commercial solutions.
- You skillfully identify problems, build solutions and apply lessons.
- In challenging situations you can make timely, sound and commercially focused decisions balancing risk, opportunity and cost.
- You have the confidence to make tough decisions without 100% certainty - form own independent assessment and fairly consider other's opinions.
- You challenge assumptions and actively look for ways to enhance and develop processes and procedures, creating a dynamic risk management culture.
- You mobilize cross functional teams to resolve issues using both tactical and strategic solutions.
- You actively leverage networks and use initiative to expand own and others understanding of front to back business process and technology.
- You consistently exceed expectations and respond positively to changing circumstances.
- You actively take the lead to ensure actions and discussion moves forward.
- You understand when to be a leader and when do be a participant depending on what is needed to achieve the team's goals and objectives.
- You challenge the conventional view constructively and respectfully; present ideas persuasively to influence others.