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 41 countries.
From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions.
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 ethics. 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 Fixed Income Division is comprised of Credit Products, Commodities, Interest Rate and Foreign Exchange Products and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in fast-paced and constantly changing global markets. The Fixed Income Division is a market leader across a broad range of markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading.
From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions.
Position Description
The available position is an Associate or Vice President level position within the Business Control Unit, specifically within the Fixed Income Division and focused on Credit Products, including Municipal Securities and Structured Products Group (“SPG”). The Business Control Unit within FID supports the Division by managing operational, regulatory and franchise risk through a comprehensive framework of policy setting, risk identification and control implementation in response to market, counterparty, regulatory, economic and other factors.
The individual will be required to work with various groups within the Municipal Securities and SPG businesses, such as Investment Bankers, Sales and Trading, COOs and senior management, as well as other areas of the broader Firm including Legal, Compliance, Technology, Operations, Finance and Audit. The individual will be responsible for supporting the implementation and execution of largescale processes and projects designed to identify and mitigate regulatory and/or operational risks across the Credit businesses.
Daily Or Regular Tasks Include The Following
- Establishing relationships and working closely with Municipal Securities and SPG Supervisors and Product COOs, Legal, Compliance, Technology, Operations, Operational Risk Department and other control groups
- Coordinating the review of new, complex and/or bespoke trade structures
- Coordinating the New Product Approval process
- Operational risk incident collection and reporting
- Developing and designing new controls & processes within the first line of defense, in collaboration with second line risk groups
- Ensuring a standardized and consistent approach for the Division to adhere to risk management policies and procedures
- Representing FID in Firm-wide working groups and governance forums to assess how different initiatives impact the Municipal Securities and FSL businesses.
- Drafting or reviewing presentation material for consumption by senior management and/or regulators
- Engagement related to internal controls programs
- Involvement in various risk management projects
- Assisting with the coordination of regulatory exams and inquiries, Internal Audit, and business reviews
Required Skills
- Bachelor’s degree with strong academic performance and/or 3-5+ years of relevant professional experience in Financial Services or related field
- Good knowledge of the Municipal Securities and collateralized loan products and businesses
- Good understanding of Franchise Risk, such as identifying, analyzing, and prioritizing regulatory and legal findings
- Self-starter with a positive outlook and desire to solve problems
- Strong analytical skills with an ability to understand complex workflows
- Proven ability to take ideas forward and to challenge others with integrity and maturity
- Ability to handle multiple tasks in a timely and effective manner and thrive in a fast-paced environment that lends itself to changing priorities and quick turnaround
- Strong communication skills with demonstrated ability to communicate effectively verbally and in writing
- Ability to work collaboratively on group projects and independently on individual assignments
- Strong project management skills
- Exceptional organizational skills and a high degree of attention to detail
- Proficiency with Excel and other Microsoft applications such as Word and PowerPoint
Expected base pay rates for the role will be between $85,000 and $140,000 for Associate, and $145,000 and $250,000 per year at the commencement of employment for Vice President. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
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
Posting Date
Nov 26, 2024
Primary Location
Americas-United States of America-New York-New York
Job
Investment Banking/Sales/Trading/Research
Employment Type
Full Time
Job Level
Associate
