Associate Transaction Reporting - TTRO
- Recruiter
- Morgan Stanley
- Location
- North Lanarkshire
- Salary
- Competitive
- Posted
- 11 Oct 2017
- Closes
- 30 Oct 2017
- Sectors
- Accountancy
- Contract Type
- Permanent
- Hours
- Full Time
Company Profile:
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.
Department Profile:
The Operations division is both the first line of defence for protecting Morgan Stanley's financial and reputational well-being, and an essential partner contributing to the firm's growth. Facing off to all Morgan Stanley businesses and interacting with all other parts of the Firm, the Operations division supports a complex, multi-faceted portfolio of businesses in full compliance with regulatory guidelines and the directives of the Operating Committee and Board of Directors.
Members of the Operations team have a unique vantage point as the division touches all parts of the business, front to back. One of the largest divisions in the firm, Operations 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, we continually strive to improve while actively supporting the development of new businesses, structures and markets.
Team Profile:
ISG Product Operations encompasses two functionally aligned organisations. 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 organisation 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.
Primary Responsibilities:
The Transaction Reporting team sits within the ISGPO Trade and Transaction Organisation and has the responsibility for ensuring that Morgan Stanley fulfils its transaction reporting obligations across multiple jurisdictions and asset classes, in partnership with Technology, the BU and LCD.
This director role will have responsible for ensuring the timely and accurate submission of the transaction reports, there is also a requirement to centrally coordinate, manage and control this process across vendor and other geographical locations to ensure outstanding exceptions are addressed on a daily basis, IT priorities are aligned to areas of maximum exposure, and Operations are receiving the necessary rule guidance and interpretation from Compliance to support new and existing requirements.
Specifically, the successful candidate will:
- Manage a team and vendor who responsible for highlighting, analysing and remediating exceptions relating to the accurate and timely reporting of transactions. The individual will be responsible for coordinating all stakeholders (IT Line operations and Compliance) to undertake the appropriate remediation steps.
- Manage a vendor responsible for conducting cyclical sample testing of reports sent to regulators and validation testing of targeted data sets.
- Supervision of MSIP functions performed at near shore and vendor for transaction reporting processes
- Partner with Operations line to provide guidance and support for transaction reporting.
- Ensure there is adequate knowledge and support for transaction reporting across all asset classes within Operations.
- Help with the delivery of training on the transaction reporting system and documenting and maintaining a standard set of policies and procedures.
- Monitor transaction reports and exceptions and ensuring that product areas are actively resolving outstanding exceptions for their areas on a daily basis.
- Follow up on issues or questions submitted by Operations teams and seek guidance from Compliance where required.
- Escalate issues and control breakdowns to Operations management, Compliance and IT where appropriate.
- Review system entitlements and controls
Qualifications
Skills required (essential):
- Knowledge of OTC and Equity Derivative Products
- Ability to work independently as well as part of a team, including interfacing across all levels at Vendor and MS
- Strong Oral and written communication skills
- Strong Analytical and problem solving skills
- Ability to work to tight deadlines
- Ability to partner with colleagues across functions and lead effectively across geographical boundaries
- Strong experience of MS Office (Excel, Power Point and Viso)
- Strong Functional knowledge of operations and trade life cycle
- Familiarity with Transaction Reporting regulation rules and requirements
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.*LI-AM1
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.
Department Profile:
The Operations division is both the first line of defence for protecting Morgan Stanley's financial and reputational well-being, and an essential partner contributing to the firm's growth. Facing off to all Morgan Stanley businesses and interacting with all other parts of the Firm, the Operations division supports a complex, multi-faceted portfolio of businesses in full compliance with regulatory guidelines and the directives of the Operating Committee and Board of Directors.
Members of the Operations team have a unique vantage point as the division touches all parts of the business, front to back. One of the largest divisions in the firm, Operations 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, we continually strive to improve while actively supporting the development of new businesses, structures and markets.
Team Profile:
ISG Product Operations encompasses two functionally aligned organisations. 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 organisation 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.
Primary Responsibilities:
The Transaction Reporting team sits within the ISGPO Trade and Transaction Organisation and has the responsibility for ensuring that Morgan Stanley fulfils its transaction reporting obligations across multiple jurisdictions and asset classes, in partnership with Technology, the BU and LCD.
This director role will have responsible for ensuring the timely and accurate submission of the transaction reports, there is also a requirement to centrally coordinate, manage and control this process across vendor and other geographical locations to ensure outstanding exceptions are addressed on a daily basis, IT priorities are aligned to areas of maximum exposure, and Operations are receiving the necessary rule guidance and interpretation from Compliance to support new and existing requirements.
Specifically, the successful candidate will:
- Manage a team and vendor who responsible for highlighting, analysing and remediating exceptions relating to the accurate and timely reporting of transactions. The individual will be responsible for coordinating all stakeholders (IT Line operations and Compliance) to undertake the appropriate remediation steps.
- Manage a vendor responsible for conducting cyclical sample testing of reports sent to regulators and validation testing of targeted data sets.
- Supervision of MSIP functions performed at near shore and vendor for transaction reporting processes
- Partner with Operations line to provide guidance and support for transaction reporting.
- Ensure there is adequate knowledge and support for transaction reporting across all asset classes within Operations.
- Help with the delivery of training on the transaction reporting system and documenting and maintaining a standard set of policies and procedures.
- Monitor transaction reports and exceptions and ensuring that product areas are actively resolving outstanding exceptions for their areas on a daily basis.
- Follow up on issues or questions submitted by Operations teams and seek guidance from Compliance where required.
- Escalate issues and control breakdowns to Operations management, Compliance and IT where appropriate.
- Review system entitlements and controls
Qualifications
Skills required (essential):
- Knowledge of OTC and Equity Derivative Products
- Ability to work independently as well as part of a team, including interfacing across all levels at Vendor and MS
- Strong Oral and written communication skills
- Strong Analytical and problem solving skills
- Ability to work to tight deadlines
- Ability to partner with colleagues across functions and lead effectively across geographical boundaries
- Strong experience of MS Office (Excel, Power Point and Viso)
- Strong Functional knowledge of operations and trade life cycle
- Familiarity with Transaction Reporting regulation rules and requirements
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.*LI-AM1