ISG Middle Office Risk Support (MORS) Associate - Sparkill - job 853445

Morgan Stanley

Date: 06/11/2021

City: Sparkill, New York

Employment type: Full-time

ISG Middle Office Risk Support (MORS) Associate


Job Number:

3177339


POSTING DATE: Jun 10, 2021
PRIMARY LOCATION: Americas-United States of America-New York-New York
EDUCATION LEVEL: Bachelor's Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate


DESCRIPTION


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.



Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.



Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.



Institutional Securities Group (ISG) Product Operations encompasses two functionally aligned organizations. The first, Trading & Client Operations, provides Operations functions in direct support of activity executed by Institutional Sales &Trading. The second, Clearing Operations, provides Operations functions in direct support for activity cleared by Morgan Stanley on behalf of our clients in Prime Brokerage, Listed Derivatives, and OTC Derivatives. The broad organization partners closely with Sales and Trading to develop and implement new products and services as well as drive efficiency and reduce risk in our processes. At all times we are focused on delivering quality service to clients both internal and external. ISG Product Operations partners closely with Shared Services and Banking Operations as well as Branch Operations and Operations Risk & Control to deliver a connected 'front to back' view of operations to ISG Sales and Trading.



The ISG Margin & MORS department is responsible for exposure monitoring of complex client trading strategies for the Prime Brokerage (PB) and Listed Derivatives (LD) business at Morgan Stanley. In order to facilitate this and proactively report on risks inherent to the business, close co-operation is required with Risk Management, Account Managers, Sales and Technology.



The Middle Office Risk Support team (MORS) supports the Institutional Equity Division?s (IED) Risk Management function, handling the critical responsibility of daily monitoring of Market and Counterparty Risk issues. The team provide risk support analysis on a wide range of hedge funds & high net-worth individuals. These clients trade a variety of strategies covering the full range of Equities, Fixed Income, Credit, FX, Commodity, OTC and Listed Derivatives products. A technical appetite is therefore critical in this role.



There is currently a position available for an Associate within the ISG MORS team. This role is based in New York.



Primary Responsibilities

  • Partnering with Risk, Sales and Trading to provide margin financing quotes for prospective new business
  • Working with Risk, Strats and Technology to develop, stress test and implement new margin lending models
  • Performing extensive exposure analysis across the client base to flag risk across different Issuers, Countries, Markets and Sectors
  • Attend client meetings and host margin workshops to articulate the industry leading, sophisticated margin lending models and reporting that Morgan Stanley offers
  • Ensuring that client positions and valuations are accurate, correct requirements are being charged in accordance with the clients' strategy and margin policy, issuing margin calls and ensuring they are covered same-day.
  • Understanding the day-to-day client portfolio movements and products traded, thinking about what your clients are trading, actively challenging things that do not make sense
  • Managing operational risk. We are relied upon to manage and highlight operational risk in the margin process. We are the last line of defense in a market or client crisis. You will perform a central role in this defense by challenging the status quo and maximizing the value that the team can add to our franchise.
  • Working extensively with Clients, Risk Management, Account Managers and & Technology to build & maintain a controlled & commercial business that leverages the strengths of all our people.
  • Driving forward the significant change agenda in collaboration with peers in the London, Baltimore, Hong Kong and Bangalore Margin/MORS teams.



  • Working alongside some of the foremost experts in the Margin and Risk Management field and you will find your knowledge and thought process challenged and expanded on a daily basis.
  • The team has a significant change management & product development mandate as part of a global team. We are engaged in a rolling program of change designed to challenge the status quo and keep us and our clients at the cutting edge of the industry. You will be part of this program.



ORGANIZATION

  • All degree (or equivalent course) disciplines considered. Strong numerical and analytical skills, expecting that the likely candidates would have developed the necessary competencies in a similar role over a 2-3 years minimum period within this industry as a prerequisite.
  • Exposure to Prime Brokerage, hedge funds industry, derivatives products or Margin & Collateral an advantage
  • Strong interpersonal skills with the confidence to deal with senior internal clients & a team of experienced professionals
  • Demonstration in their past work experience of robust analytical skills, high attention to detail, diligence, risk management capabilities and a control mind-set
  • Enthusiasm for learning and a strong desire to advance their personal & career development
  • Strong product knowledge across equities and derivatives is an advantage
  • Computer literate and familiar with most packages and Excel / Access skills an advantage




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