Digital Direct Margins Operations- Associate
About The Position
The Digital Direct Margins Operations Associate works within Morgan Stanley’s Operations division, which supports transaction settlement and recording, operational risk mitigation, client relationships, and technology-enabled process improvements. The role manages margin-policy exceptions and daily margin processes, including margin calls, account monitoring, and review of asset transfers. It requires knowledge of margin rules, trading strategies, and financial markets, and involves responding to client margin issues, assessing account risk, and taking action on at-risk accounts. The associate also escalates risk issues, provides regular reporting to management, and contributes to cross-functional efforts to improve risk-management systems, policies, and client-order execution. The position is hybrid and requires in-office attendance three days per week. The listed salary range is $65,000–$102,500 per year. The successful candidate may be eligible for discretionary incentive compensation and participation in the relevant business unit’s incentive plan.
Requirements
- Bachelor’s degree in Business or a finance-related field.
- At least 2 years of work experience in the broker-dealer space.
- Strong understanding of margin balances and buying power across multiple products, including REG-T, REG-U, Options, and Portfolio Margin.
- Working regulatory knowledge of FINRA 4210, Federal Regulation T, Regulation U, Portfolio Margin, and Pattern Day-Trading.
- Knowledge of financial markets, derivatives, and margin, including Regulation T.
- Solid understanding of trading strategies and current financial market conditions.
- Knowledge of Excel and other Microsoft Office products.
Nice To Haves
- Experience in Margin Operations or Equity/Options Trading.
- Experience with systems such as Tableau and Bloomberg.
- Ability to clearly articulate complex ideas to any audience within the organization.
- Willingness and desire to learn new skills related to brokerage operations and new processes or systems.
- Detail-oriented approach and proactive ability to identify risk and effect change.
Responsibilities
- Initiate, review, and manage exceptions to the firm’s current margin policy.
- Perform daily margin processes, including managing margin calls and monitoring accounts for accuracy and sufficient collateral.
- Review asset transfers, including funds and securities.
- Take action on at-risk accounts to ensure adherence to firm policy, taking market conditions and individual account behavior into account.
- Support customer service in identifying, managing, and resolving client margin issues through email, phone, or instant-message responses.
- Assess risk and apply closing transactions in high-pressure, fast-moving market conditions.
- Escalate risk-related issues to leaders across lines of business.
- Participate in cross-functional initiatives to formulate policy and improve systems used to manage risk and execute client orders.
- Provide regular reporting to direct management.
- Develop and share operational process-enhancement ideas to contribute to the client experience.
Benefits
- Medical insurance
- Prescription drug coverage
- Dental insurance
- Vision insurance
- 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
- 20 vacation days annually
- 10 paid holidays
- 401(k)
- Short- and long-term disability
- Other employee perks
- Potential annual discretionary incentive compensation award
- Potential participation in the relevant business unit’s incentive compensation plan, which may include a discretionary bonus component
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
