Associate - Fixed Income Operations

Morgan Stanley•New York, NY

1d•$65,000 - $102,500

About The Position

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. Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

Requirements

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

Responsibilities

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