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Executive Summary
Foreign Exchange Operations Trade Support - Associate / AVP Job Number:...
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Foreign Exchange Operations Trade Support - Associate / AVP
Job Number:
3230929
POSTING DATE: Feb 27, 2023
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
EDUCATION LEVEL: Bachelor's Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Director
DESCRIPTION
Foreign Exchange Operations Trade Support lead – Associate/Director
London
London
3230929
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 realise 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.
FX Operations are recruiting for a Director to join the Trade Support group (TSG) responsible for supporting London FX Sales and Trading desks part of the Fixed Income Derivative (FID) department. This position is based in the London office. Our client base is comprised of Trading and Sales who support Corporate, Hedge Fund, Central Bank and Asset Management businesses in addition to trades transacted on behalf of Prime Brokerage clients and other business units including Equities, Private Wealth Management, Commodities and Interest Rates.
What will you be doing?
The successful candidate will be responsible for ensuring that all risk is fully monitored and mitigated throughout the FX trade flow from front to back. This involves:
- Working closely with Sales & trading on trade capture, allocations, amendments, and give-ups and supporting clients to resolve trade processing queries,
- Performing critical business delegated functions such as FX Compressions & Optimization activities and FX funding to ensure distribution of funds across MS entities/FX accounts to meet all contractual settlement obligations for FX business.
- Partnering with the FX Front-to-bank functional teams across Operations & Technology to ensure timely and incident-free trade processing through post-execution operations.
- Supporting global FX Change team and Technology partners with RTB expertise for successful delivery of the multi-year FX Technology renovation F2B agenda.
- Providing oversight, training expertise and regional leadership within the EMEA FX Trade Support team.
- Providing investigative expertise and support to cross-operations teams such as Product Control, Regulatory reporting, Collateral, Client Clearing and Cash Management operations to resolve exceptions arising from FX & broader FID trading activities.
- Collaborating with other business support areas such as Legal & Compliance, Credit, Finance & Risk Management to support delivery of business goals and new product development initiatives
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
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. We 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.
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Where will you be working?
The role is based in London. We have fantastic facilities including restaurant, onsite Starbucks, Fitness Centre (Nuffield gym, with personal trainers and fitness classes), dry cleaning services and hair salon.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more. #LI-RW1
QUALIFICATIONS
What we’re looking for:
The ideal candidate will possess Foreign Exchange experience and will possess technical skills required to partner with Operations, Technology and FX Sales and Trading.
We expect that likely candidates may have developed the necessary competencies in a similar role over a 3-7 year period.
We expect that likely candidates may have developed the necessary competencies in a similar role over a 3-7 year period.
- Previous FX middle office / trading assistant experience preferred
- Appetite to drive process improvement and automation
- Superior client service skill set
- Meticulous attention to detail
- Excellent verbal and written communication skills
- Ability and desire to work in a team-oriented environment, whilst possessing the confidence to work individually as a self-starter
- Ability to work under pressure in a time sensitive and deadline driven environment
- Degree level or equivalent #LI-RW1
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