Electronic Trading Risk Management - Associate London, England
Morgan Stanley
Full Time
London, England
65762 - 115000 GBP ANNUAL Today
Job description
Electronic Trading Risk Management - Associate
Job Number:
3230755
POSTING DATE: Feb 7, 2023
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
JOB: Investment Banking/Sales/Trading/Research
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
DESCRIPTION
3230755 - Fixed Income Front Office Electronic Trading Risk Manager - Associate (London)
Company Profile:
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.
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.
Department Profile:
The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading
From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions.
Role Summary:
The FID Business Unit Risk Management group is seeking an Electronic Trading Risk Manager to operate as part of a team providing oversight of Fixed Income Electronic Trading Risk Management platforms. A key function for the business, acting as the first line of defence for Electronic Trading and providing technology/product subject matter expertise and direction as it relates to interpretation and understanding of electronic trading, regulatory and exchange rules, and associated IT development.
This is a risk management role with specific focus on the highly complex sales and trading infrastructure within the Fixed Income Division.
QUALIFICATIONS
Team Profile:
The Electronic Trading Risk Management (ETRM) group’s primary responsibility is the integrity of these electronic trading systems and protecting the Firm against e-Trading issues.
ETRM is responsible for:
- Collaborating with business heads through provision of risk guidance and approval for all automated trading strategies and electronic trading related business initiatives.
- Designing, implementing, and monitoring of innovative electronic trading control solutions (e.g., fat-finger and runaway algo prevention), which includes enabling business development in a risk-controlled manner.
- Provide subject matter expertise and direction as it relates to interpretation and understanding of trading, regulatory and trading venue rules
- The Global Limit Manager (GLM) system which provides pre-trade controls, owning the system and responsible for monitoring on a real-time basis.
- Advising FID desk heads on e-trading control and limit structures.
- E-trading regulatory matters
Role Description:
The ETRM group are now looking for a self-starting, articulate, ethically minded, control focused individual with the ability to apply existing knowledge and experience to this specialised area. The individual will need to be able to articulate their logic and implement risk decisions within their remit. Ideally, the candidate would have a background in Fixed Income based products and must have the ability to stay calm, clear, and measured under pressure.
Success in this specialized area of expertise requires the following competencies:
Success in this specialized area of expertise requires the following competencies:
- A technical mind to understand the complex trading technology infrastructure
- A control focused approach that includes making appropriate risk decisions in a time pressured environment
- Solution driven approach to identified issues
- To both learn quickly and teach others on the workings of both systems and processes
Areas of responsibility will include:
- Providing business ownership of trading limits for electronic trading and general day-to-day response to electronic risk management situations needing immediate attention.
- Operating within a first line of defence risk management team to devise and own robust controls on electronic trading workflows and platforms across all Fixed Income. This includes critical assessment of systems architecture development as it relates to market impact, market access, fat finger risks, etc
- Improving and monitoring existing control frameworks for electronic trading platforms and trading algorithms
- Partnering with strats, technology, trading, risk management, legal and compliance on a number of applicable e-trading deliverables and initiatives.
- Review and approval of electronic trading platform implementation
- Regulatory reporting
- Conducting risk reviews of sales and trading applications
- Reviewing application and engine behaviour against internal policies and external regulatory requirements.
- Ability to interact and build strong relationships with stakeholders across teams and functional boundaries
- Ability to recognize and manage conflicting priorities/expectations across multiple stakeholders.
- Knowledge & experience of Fixed Income products is preferred.
- Experience in financial services in building, supporting, or auditing front office sales and trading systems; or some experience in management of technology led projects and understanding the complexities and issues that result from such initiatives.
- Capability to perform data analysis and have a strong willingness to learn new technologies.
- Strong multitasking and organizational skills.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Internal Applicants:
Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.
Equal opportunities statement:
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
