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Job Number:

3230458

DESCRIPTION

As a member of IRD Exotics TSG you will be working closely with the Front Office to provide the first level of control for the Interest Rate Derivative Trading desks.

You will be responsible for offering the first line of defence for the Trading desks franchise risk and risk in ensuring that the trade bookings are correctly reflected in both Front and Back Office systems and tie out with the Counterparty.

You will be ensuring that all trades are booked and confirmed as intended by checking the Trading system verses internal MS systems and versus external platforms where applicable, liaising with Trading, Sales, Brokers or the Counterparty directly.

You will be the intermediary between the Trading desk and other areas of the Bank. Controllers, Settlements and Confirmations areas will come to you to discuss and resolve issues to ensure that breaks are resolved effectively.

You will be responsible for ensuring current controls are enforced, liaising with IT and Projects Groups to initiate new controls and build STP to improve the firms infrastructure to increase both efficiency and control as you see fit to protect our franchise.

QUALIFICATIONS

You will need diplomacy and accuracy in dealing with Traders, Brokers, Sales people and focus clients.

The pace of the desk demands that you complete each task quickly and accurately. You will be protecting our franchise and dealing with millions of dollars at risk. The ability to organise your time and complete each task on time will be a key factor in determining your suitability for the role.

A high degree of accuracy and a willingness to learn new products is essential. This role is constantly changing and a willingness to adapt to new firm and industry initiatives and put forward your own ideas is of paramount importance.

You will operate Trend, STIX, STS, Tripod, Triclear, TASER, Spire and any future internal applications. On the job training will be given to allow you to operate these in-house applications. An understanding of industry platforms such as Markitwire, EuroClear and Bloomberg is desirable.

Daily deadlines are inflexible and the candidate should be organised to ensure the team meet all deadlines. The role requires the sharing and discussing of knowledge and information between the Trading, Sales, Settlements and Confirmations groups.

You will be in constant communication with the front office, clients and many departments within the bank. You should be accurate, knowledgeable and professional in all dealings with whomever you may meet.

You will work closely with your peers and you will need to share knowledge and act as a team player to get the most out of this role.

Experience in SPV/Repack space

Experience in bonds and securities settlements

Good product knowledge of Complex/Hybird Interest Rate Derivatives is preferable

Trade compression experience is preferable, including TriReduce cycles

Awareness of current industry initiatives and regulatory landscape affecting OTC derivatives

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.