Global Loans Operations Associate

Morgan Stanley•New York, NY

3d•$65,000 - $103,000•Hybrid

About The Position

We’re seeking someone to join our team as an Associate in Fixed Income Operations to support the Global Loans Secondary Trade Closing team in coordinating with trade counterparties and clients to receive and review loan trade documentation while managing a trading portfolio of secondary loan trades. In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is an Associate level position within Product Support & Services, which is responsible for providing transaction support and managing post execution processes. 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. Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

Requirements

Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team
Ability to operate independently with respect to some job responsibilities
Culture carrier across Operations, embracing the Firm's core values
Understanding of Loan Syndication and Trading Association (LSTA) documentation and guidelines and a thorough understanding of the mechanisms which govern the corporate loan market.
At least 4 years’ relevant experience would generally be expected to find the skills required for this role
Familiarity with Par loan trading market convention
Very strong customer service skills with exceptional written and verbal communication skills
Strong problem solving, research and analytical skills with the ability and willingness to work in a structured, high paced environment, with daily routine operations
Detail-oriented, conscientious and energetic professional with ability to think creatively.
Self driven and highly motivated team player
Strong knowledge of Microsoft Office with focus on Word and Excel
Self-motivated and willing to assume extended responsibility
Ability to work in a fast paced environment, both independently and as part of a team
Can identify key control points within a process, and then provide assessment of the preventative and detective control
LoanIQ and ClearPar system knowledge and trade closing and or trading desk exposure
Role is hybrid and will require in office attendance 3 days/week.

Responsibilities

Execute complex processes and assist a Team Manager in coordinating processes, risks and/or projects in a Team Lead capacity
Recognize risk in day-to-day processes to draw out the key issues and leverage detailed knowledge to propose changes in process
Train others, allocate tasks and support with first line escalation where required
Share expert knowledge across the team, contribute to team output and development, building relationships across the Firm
Assist the closing team in managing the trade closing process through communication with custodians, admin agents , counterparties, and fund administrators while maintaining minimal operational risk.
Operate and understand proprietary trading systems as well as external trading platforms such as ClearPar & Virtus Trade Settlement as it pertains to the loan trading function.
Interact with senior members of the Loan Trading desk, Legal, Sales, and Operations groups in order to deliver solutions for Morgan Stanley?s clients.
Develop strong working relationships with outside Deal Administrators to ensure accurate and timely execution of trades.
Provide management with daily updates on activities, review issues within the assigned portfolio, and dimension solutions to achieve client satisfaction and targeted goals.
Actively converse with internal and external legal counsel to generate loan documentation and accelerate the closing process while ensuring Morgan Stanley?s legal risk has been approved by the appropriate personnel prior to execution.