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Cash Settlements Associate - Shared Services and Banking Operations
•30 days ago
| Hours | Full-time, Part-time |
|---|---|
| Location | Baltimore, Maryland |
About this job
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.
The Cash Settlements Team is responsible for all aspects of settlement for Foreign Exchange, Commodities, Credit, Interest Rate, and Equity OTC derivatives trades post-booking. The position requires daily interaction with various clients globally as well as internal sales and trading desks, other Operations groups, and technology teams. Within Cash Settlements, the Equity team is structured with each team supporting a wide range of products/markets for Equity Derivative Trading/Sales.
Primary Responsibilities
* Identifying settlement issues and discrepancies with external counterparties, sales, and the trading desk, to resolve fails and unapplied cash items
* Collaborating with Operational management, sales, and trading desks to diminish risk through escalation and strong communication.
* Monitoring trade booking and allocation through various systems
* Acting as a process owner and being accountable for all outstanding items
* Developing and improving existing processes and reporting
* Working as part of the global settlements team to assist with development, testing & implementation of internal system changes
* Client relationship management: Providing client support and product guidance via stp/industry initiatives and apply best practices to develop solutions that are value addedDue to the nature of the products traded, the job requires the ability to identify problems as they arise and understand when these need to be escalated. Strong problem solving skills and continued follow up are a necessity. The candidate should possess a good appreciation of risk - both operationally and franchise. In addition, the role requires extensive client interaction both internally and externally so the ability to maintain and build excellent client relationships is a priority.
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.
The Cash Settlements Team is responsible for all aspects of settlement for Foreign Exchange, Commodities, Credit, Interest Rate, and Equity OTC derivatives trades post-booking. The position requires daily interaction with various clients globally as well as internal sales and trading desks, other Operations groups, and technology teams. Within Cash Settlements, the Equity team is structured with each team supporting a wide range of products/markets for Equity Derivative Trading/Sales.
Primary Responsibilities
* Identifying settlement issues and discrepancies with external counterparties, sales, and the trading desk, to resolve fails and unapplied cash items
* Collaborating with Operational management, sales, and trading desks to diminish risk through escalation and strong communication.
* Monitoring trade booking and allocation through various systems
* Acting as a process owner and being accountable for all outstanding items
* Developing and improving existing processes and reporting
* Working as part of the global settlements team to assist with development, testing & implementation of internal system changes
* Client relationship management: Providing client support and product guidance via stp/industry initiatives and apply best practices to develop solutions that are value addedDue to the nature of the products traded, the job requires the ability to identify problems as they arise and understand when these need to be escalated. Strong problem solving skills and continued follow up are a necessity. The candidate should possess a good appreciation of risk - both operationally and franchise. In addition, the role requires extensive client interaction both internally and externally so the ability to maintain and build excellent client relationships is a priority.
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