Team Manager - Commodity OTC & Listed Trade Support Group - Vice Presi

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

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. Morgan Stanley 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.

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 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.

Institutional Securities Group (ISG) Product Operations encompasses two functionally aligned organizations. The first, Trading & Client Operations, provides Operations functions in direct support of activity executed by Institutional Sales &Trading. The second, Clearing Operations, provides Operations functions in direct support for activity cleared by Morgan Stanley on behalf of our clients in Prime Brokerage, Listed Derivatives, and OTC Derivatives. The broad 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 London Commodities Trade Support team is 13 in size and is split into 2; one group focuses on the OTC activity, whilst the other deals with Listed exchange trading. The range of commodity products covered includes: emissions, precious metals, base metals, freight, coal and oil. The team is also working on a new initiative to re-enter the European Power and Gas markets. Following the divestiture of the majority of the firm's physical commodity assets, most of this activity is financial (i.e. swaps, options and futures), although we do trade physical spot and fwds in gold, silver and emissions. Structured Note trading is being transitioned to Fixed Income platform for scalability. Whilst the Ops support for new business is being transitioned to Fixed Income Trade Support, the existing notes and exotic options in commodity systems will continue to be supported by Commodity TSG.

The team is responsible for several key steps in the trade life cycle (LCEs), although Trade Confirmation/Affirmation and Settlements have been utilitised with separate teams, Derivatives Post Trade Ops (DPTO) and Shared Services and Banking Ops (SSBO) respectively. Commodities Trade Support team works closely with teams who support business processes of Commodities Sales and Trading.

• To ensure timely completion of daily reconciliation on listed, OTC, structured trades, also inventory positions such as emissions
• To ensure all trade activity from the exchanges feed down into the various risk systems
• Work with Listed/Clearing teams to ensure all exchange breaks are fully resolved
• For listed exchange activity, ensure all LCEs are performed (exercises, expiries, takedowns, etc.)
• To ensure the timely fixing of prices on commodities from oil to freight to coal to various FX curves (mainly a month-end task).
• To ensure appropriate activity is reported to the GTR and all reg reporting exceptions are resolved and root causes are investigated (i.e. EMIR, CFTC, ASIC). Those that remain are annotated, escalated as appropriate and logged with Transaction Reporting
• To support new business initiatives in the New Product Approval (NPA) pipeline
• To represent Morgan Stanley in industry events such as new product launching, exchange/clearing house merger and de-merger, etc.
• To review and complete the set up and maintenance of reference data for counterparties and trade related data
• To work with other Operation areas- i.e. ORCC (Operational Risk and Regulatory Control), Listed & Clearing, SSBO, together with colleagues in Trading Operations
• To work with other Infrastructure areas- i.e. IT, Finance, Legal and Compliance.
• Work with external Indian vendors, using KPIs to ensure standards are maintained
• To understand the trade lifecycle, products, processes and systems, and to ensure risk controls are documented and implemented by the team on an ongoing basis as best practice.
• To identify and implement continuous improvements in systems and processes to enhance controls and gain efficiencies Liaise with the global team to ensure there is an efficient global process & procedures are clearly documented.
• To hold weekly 1:1 meetings with 2 x senior managers supervising OTC and Listed businesses and coach/guide them
• To manage multiple projects and resources required with PMO

Qualifications

• Supervisory experience- previous demonstrable experience managing of a team of similar size, as the role involves managerial oversight of the supervisors (at the Director or Snr Associate levels) and the wider team.
• Experience with recruiting, performance evaluation monitoring (TDPs), 1-2-1 meetings, goal setting
• Experience in dealing with Sales & Trading (demanding internal stakeholders)
• An awareness of the current regulatory environment (EMIR, CFTC and MIFID2) and any changes expected within these regimes
• Communication skills- a candidate comfortable discussing issues with Desk Heads (S&T), Departmental Managers and Global Operational Senior Management
• Risk awareness - ability to understand the full end to end lifecycle of a trade, including key risks and controls. Familiarity with RCSA methodology.
• Good understanding of the front to back processing i.e. trading, clearing & settlement in order to understand market developments
• Numeracy and attention to detail - able to learn concepts quickly and maintain a strong focus on control and accuracy
• Organizational skills and resilience - ability to handle pressure in high workload situations, prioritizing effectively and delivering against deadlines
• Initiative - high level of self-motivation, ability to take responsibility for tasks and managing team workload, proactive attitude to learning and sharing the team's workload .
• Experience in commodities (OTC, Listed and Physical products), both physical and financially settled
• Ownership/Guardianship - Ability to take full responsibility for tasks and issues and see them through to resolution.
• Flexibility-dealing with a constantly changing environment
• Strategic vision and a manager of change- A requirement to work with IT and the Ops Project groups (CTB) to devise and implement the future trade booking models. Comfortable leading change.
• Good understanding of the front to back processing i.e. trading, clearing & settlement in order to understand market developments.*LI-CN1