Morgan Stanley
Associate - Fixed Income Operations
United States · Work style not stated · Full time
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About the role
Description from the employer’s posting. Check the employer’s page for the current version.
- EmployerMorgan Stanley
- LocationUnited States
- Work styleWork style not stated
- Employment typeFull time
- Employer posted
We're seeking an Associate to join our team in Fixed Income Operations. We provide operational coverage to the trading, underwriting and structuring of Fixed Income securities. This includes the trade capture, reconciliation, documentation and settlement of proprietary and liquidity transactions executed by various trading desks. The essential focus of this team is to ensure all operational risks are recognized and managed and that internal controls are complete and operating effectively.
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
Products supported include: Municipal Bonds, Commercial Paper, Floating Rate Notes, Tender-Offer Bonds, and Corporate Bonds. The Associate role will be an integral part of managing risk for the fixed income operations group on a daily basis.
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Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…
What you’ll do in the role:
- Partnering closely with Trading and Sales to provide the first level of control and escalation
- Responsible in ensuring that the trade bookings are correctly reflected in the trading risk systems and tie out with the Counterparty
- Ensuring that all trades are booked and confirmed as intended by checking the Trading system vs internal Morgan Stanley systems, liaising with Trading, Sales, Brokers or the Counterparty directly
- 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
- Responsible for ensuring current controls are followed, manage critical projects or process improvements with IT and Projects Groups
- Analyze and break down ambiguous or complex issues into concrete deliverables and takes responsibility for ensuring deliverables are met
- Understanding risk implications of Fixed Income operations
- Participate in the U.S. Treasury Auction process
- Working with trading desk, sales, and other operations group to ensure proper trade processing and reporting
- Managing stakeholder relationships across the business unit
- Assisting on any issues, and providing timely escalation to trading desk and Operations senior management Top Skills
What you’ll bring to the role:
- Bachelor's degree or equivalent required
- 2-6 years of experience in the financial industry
- Strong risk management and control mindset
- Individual needs to be performance-driven, proactive, with proven ability to take on challenges, set and execute agenda. Candidate should be a dynamic self-starter with the ability to work either on their own initiative as well as be a solid team player with strong problem solving skills
- A willingness to engage in a wide range of issues at all levels of detail will be vital
- Ability to multi-task, prioritize and be flexible to changing priorities and demonstrate good organizational skills
- Good interpersonal skills to build cross-divisional relationships; gain support and respect from key stakeholders (Business Unit, Operations, FCG , Legal & Compliance)
- Ability to multi-task in a high intensity environment. Willingness to transfer knowledge is imperative
- Ability to deliver on plans, complete next steps and resolve issues in a timely manner
- Proficiency in Excel
- Multi-Tasking and time management skills are critical
- Ability to identify and escalate issues to senior management and to trading desk(s)
- Work well in a time sensitive environment
- Self-starter, who is willing to ask questions
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $65,000 and $102,500 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
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At a glance
- Employment typeFull time
- SeniorityEntry level
- Employer posted
- Added to ROLIVA
- Last checked
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