phenom peopleBaltimore, MD
Derivatives Clearing Team Lead (Operations)
Derivatives Clearing Team Lead (Operations)
Derivatives Clearing Team Lead (Operations)
phenom peopleBaltimore, MD
8 days ago
Investment Banking and Securities IntermediationCommodity Contracts IntermediationSecurities and Commodity Exchanges
Apply for this role →Derivatives Clearing Team Lead Derivatives Clearing Operations, part of ISG Equity Operations, provides functional support for Listed and OTC Derivatives activity cleared by Morgan Stanley on behalf of our Institutional clients, Wealth Management clients, and proprietary trading desks. The organization partners closely with Sales and Trading to develop and implement new products and services as well as drive efficiency and reduce risk in our processes. At all times we are focused on delivering quality service to clients both internal and external. ISG Product Operations partners closely with Shared Services and Banking Operations as well as Branch Operations and Operations Risk & Control to deliver a connected 'front to back' view of operations to ISG Sales and Trading. The North American Trade Support Group (TSG) within Derivatives Clearing Operations is responsible for post-execution trade flow for futures and options contracts, on North American Exchanges. The role offers an opportunity to interface with the world's largest derivatives markets and directly support the Sales & Trading business units. The Clearing Team Lead is responsible for the management and supervision of critical functions including topday clearing through central counterparties, trade break resolution, position transfers, and process automation through Morgan Stanley's proprietary platforms. The position requires a focus on risk management and control with additional emphasis on the reduction of processing inefficiencies and increase in controls through process improvement initiatives.
Responsibilities include:
Supervision of daily TSG functions for futures and options across North American markets including: Resolving client, exchange, and risk trade breaks Investigating and resolving topday clearing exceptions Developing trade flow solutions to solve root cause gaps to create efficiency and reduce operational risk Representing the team and managing escalations with internal and external clients and stakeholders Facilitating exchange trade entry, in PIT, EFRP, and transfer activities Focus on risk management and control through maintenance of team processes and procedures Resolution of client issues, with a focus on root cause analysis and risk mitigation Lead daily team huddles, weekly team meetings and one-on-one's with Clearing TSG team members Develop, analyze, and present key metrics to identify and solve risk and efficiency challenges Facilitate team efforts to refine controls and continuously reduce operational risk Build and manage relationship with key business stakeholders and Operations leaders Acquire & demonstrate deep knowledge of the product and/or functional area for which they are responsible Establish team goals and priorities
Qualifications:
Must have strong analytical skills and attention to detail Must have ability to work under a deadline-driven environment Ability to work in a team and build strong networks Strong problem-solving, organizational and prioritization skills Flexibility and ability to learn in a fast-paced environment Self-motivated, inquisitive in nature, a strong appetite to learn Demonstrate commitment for risk management and clear focus on process improvement Strong communication skills, verbal and written Proficiency in Excel & Outlook Bachelor's Degree Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Also on the board Same function, level within a rung
Level
Lead
Location
Baltimore, MD
Occupation
Brokerage Clerks
Industry
Investment Banking and Securities Intermediation
Posted
8 days ago