IED, Front Office Electronic Trading Risk Manager, Associate London, England
Morgan Stanley
Full Time
London, England
65000 - 117000 GBP ANNUAL Today
Job description
IED, Front Office Electronic Trading Risk Manager, Associate
Job Number:
3238399
POSTING DATE: Jun 20, 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
Job Title: IED, Front Office Electronic Trading Risk Manager, Associate
Location: London
Location: London
Electronic Trading Risk Management (ETRM) is a front-office team within Morgan Stanley’s Institutional Equity Division (IED) responsible for managing the risks associated with electronic trading of equities and listed derivatives in EMEA.
ETRM partners closely with a diverse set of senior stakeholders including Traders, Sales Traders, Product Management, MSET Client Coverage and relevant functional areas in order to ensure electronic trading risks are appropriately managed. ETRM are at the center of daily trading activity and interact with all aspects of the trading floor.
ETRM is a cross-functional and highly technical/analytical team, uniquely positioned to identify, understand, solve, and monitor a variety of risks related to electronic and algorithmic trading.
This role requires technical and analytical skills, the ability to communicate and partner effectively with senior business stakeholders and a strong understanding of trading and market structure.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
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. We 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.
What will you be doing?
- Partnering with senior business stakeholders to ensure electronic trading business strategy is implemented in a risk-controlled manner
- Implementing and monitoring innovative electronic trading control solutions (including fat-finger and runaway algo prevention) across the suite of EMEA IED businesses
- Advising and guiding implementation of new automated trading strategies and electronic trading related initiatives in a risk-controlled manner
- Working closely with Technology, providing risk oversight of IED’s electronic-trading Technology Change Management, providing subject matter expertise, direction and facilitating testing in order to mitigate technology change risk
- Responsibility for monitoring and updating the Global Limit Manager (GLM) pre-trade control system used to monitor and control order flow on a real-time basis
- Providing subject matter expertise in support of e-trading related regulatory and exchange enquiries
- Provide e-trading subject matter expertise to manage and control outage scenarios in a time pressured environment
- Representing EMEA ETRM in key business forums
What we’re looking for:
- A background in electronic trading, ideally in a front office risk management role or similar
- A technical and analytical approach to understand the complex trading technology infrastructure
- Ability to react and respond appropriately to questions and requests in a time pressured environment
- Solution driven approach to identifying and resolving issues
- Ability to learn quickly and teach others on the workings of our trading systems and controls
Skills that will help you in the role:
- An understanding of and interest in electronic trading and the broader equity business
- Ability to interact and build relationships with business stakeholders and across functional teams
- Ability to recognize and escalate conflicting priorities/expectations across multiple stakeholders
- A self-starter who can use their initiative to investigate issues and make risk-based judgements
- Knowledge and experience of equity products; and a good understanding of the front-office processes is also preferred, such as: Equity trading systems and controls; equity market infrastructure; Electronic Trading governance and electronic trading regulation.
Where will you be working?
This role is based in 20 Bank Street, London.
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.
