Digital Direct Margins Operations- Associate

Morgan Stanley • Jersey City, NJ

60d • $65,000 - $102,500 • Hybrid

About The Position

Morgan Stanley is a leading global financial services firm. The Operations department 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.

Requirements

• A Bachelor's Degree in Business or a Finance related field
• Ability to clearly articulate complex ideas to any audience within the organization
• Willingness and desire to learn new skills related to all aspects of brokerage operations
• Detail-oriented and have a proactive approach to identifying risk and effecting change
• 2+ years of work experience in the broker-dealer space, preferably in Margin Operations or Equity/Options Trading
• Strong understanding of margin balances and buying power across multiple products (REG-T, REG-U, Options and Portfolio Margin)
• Working regulatory knowledge of FINRA 4210, Federal Regulation T, U, Portfolio Margin and Pattern Day-Trading.
• Solid understanding of trading strategies, and current financial market conditions
• Knowledge of financial markets, derivatives, and margin (Regulation T)
• Knowledge of Excel and other Microsoft Office products in addition to systems such as Tableau, Bloomberg, etc.
• Willingness to learn new processes/systems

Nice To Haves

• Strong understanding of REG-T Margin guidelines, Day-Trade rules and complex option strategies

Responsibilities

• Initiate, review, and manage exceptions to the firm's current margin policy
• Perform daily margin processes: managing margin calls and monitoring accounts for accuracy and sufficient collateral
• Review asset transfers (funds and securities)
• Take-action on at-risk accounts for adherence to the firm's policy, market conditions, or individual account behavior
• Support customer service in identifying, managing, and resolving client margin issues via email, phone, or instant-message responses
• Assess risk and apply closing transactions in high-pressure and fast-moving market conditions
• Escalate risk related issues to various leaders in all lines of business
• Participate in cross-functional initiatives aimed at formulating policy and improving systems used to manage risk and execute client orders
• Provide regular reporting to direct management
• Contribute positively to the client experience by developing and sharing operational process enhancement ideas to the broader organization

Benefits

• Medical
• Prescription Drug
• Dental
• Vision
• Health Savings Account
• Dependent Day Care Savings Account
• Life Insurance
• Disability and Other Insurance Plans
• Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually)
• 10 Paid Holidays
• 401(k)
• Short/Long Term Disability

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level