Operations Associate - Parametric at Morgan Stanley

Operations Associate, Post Trade Derivatives

The Operations Associate, Post Trade Derivatives will be responsible for processing and understanding the end-to-end trade settlement life cycle for derivative transactions and includes the opportunity to gain experience in fixed income and equity life cycles. The role emphasizes trade matching, confirmation of both cleared and bilateral derivative instruments, trade settlement, collateral management, and security life cycle events. The associate will review and communicate details to multiple stakeholders, collaborating closely with traders, portfolio managers, portfolio administration, custodians, and brokers on trade issues. Additionally, the Associate will assess and mitigate settlement risks across derivatives, equities, and fixed income markets, while continuously seeking opportunities to enhance operational efficiency.

The ideal candidate will have experience managing the daily settlement and collateral processes for derivative trades in a challenging environment. They should be adept at collaborating across teams to ensure timely trade settlement, accurate reporting, and fulfillment of additional responsibilities as needed. We seek a proactive individual with strong leadership abilities, exceptional attention to detail and the capability to work independently while meeting tight deadlines.

Primary responsibilities include confirming trades and other transactions against various resources, instructing, monitoring and verifying the settlement of trades, researching and resolving trade and account discrepancies, assisting in the automation of operational processes, maintaining and driving efficiencies with numerous custodial and clearing broker relationships, working with the reconciliation department to diagnose breaks and resolve accordingly, analyzing daily collateral needs, monitoring counterparty exposure, and transferring collateral to minimize credit risk.

The role also involves the escalation of urgent issues, aged reconciliation discrepancies, and breakdowns in operations controls, consistently prioritizing daily and longer-term tasks in a high-paced work environment with diligence, processing ad-hoc requests from trading, accounting, and clients, cross-training on all team responsibilities, creating, updating, and maintaining procedures, and maintaining an excellent knowledge of industry practices and controls.