Equity and Fixed Income Derivative -GOPC
- Morgan Stanley
- 1 - 5 years
- Bengaluru
- 25 days ago
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Job Description
ISG Trading Operations
Division: ISG Trading Operations
Job Title: Global Operations Position Control (GOPC)
Location: Mumbai
Job Level: Temp
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
Since 2007 Morgan Stanley has been expanding its own fully-owned premier investment banking and sales & trading platform in India, providing a full range of investment banking, sales & trading, equity, fixed income, commodities and derivative products, as well as research services. Building on this existing platform in India, we are looking to invest in establishing an ISG Trading Operations division that will continue to recognize and match the global need of our clients.
Team Background
Global Operations Position Control (GOPC - Mumbai) is a part of the ISG Trading Operations team in Mumbai and provides support to various Business Units, Financial Control Group (FCG) & Derivative Client Processing (DCP) Groups within the firm. It is structured to focus on independent control and risk functions across Asset Classes and Products.
Below are the primary functions performed by the Team :
- Substantiation of Dividend/Coupon income accrued against the expected PnL.
- Reconciliation of Traders Risk products and positions to Firm books and records and investigation and resolution of breaks.
- Monitoring of specific system error queues, which require investigation and resolution to ensure the trade flows downstream.
- Reconciliation of internal interest rate swaps.
- Processing upcoming swaps maturities.
- Investigation and resolution of realised cash flow breaks.
- Production and distribution of swap reporting highlighting specific exceptions that require specific actions to resolve.
The role involves liaising with the regional Equity & FID Derivative Middle Office Teams & Management, the Finance Control Group, IT and other operational support areas to ensure that controls are maintained and breaks are understood and resolved in a timely manner.
Primary Responsibilities
- Perform daily reconciliation/substantiation per procedures, investigating exceptions and determining which adjustments, if any, are needed to correct the books and records
- Liaising with other Morgan Stanley teams (in Operations, Technology, Finance as appropriate) to resolve exceptions at root
- Frequent communication and escalation of issues to GOPC managers and external stakeholders as appropriate
- Provide inputs to management information on a regular (e.g. weekly risk reports) and ad hoc basis as required
Skills Required (Essential)
Qualifications
- Minimum Bachelor or Masters degree
Experience
- 1-2 years experience preferred
Competencies
- Product Knowledge
- Exposure and understanding of Equity and Fixed Income Derivative Products
- Exposure and understanding of Corporate Actions
- Exercises sound judgment and analysis
- Comprehends and reasons - Displays well developed ability to comprehend, reason and process complex data.
- Demonstrates excellent attention to detail when analyzing or interpreting data.
- Breaks down problems/issues into smaller, more manageable parts.
- Asks appropriate questions to source and validate data in order to support comprehensive analysis; consults subject matter experts where needed.
- Skillfully identifies problems, builds solutions, and applies lessons learned to parallel situations.
- Anticipates problems / obstacles and understands the ramifications to business. Offers workable solutions.
- Demonstrates Commitment to Control and Risk Management
- Escalates clearly and appropriately
- Capable of, or experienced in, meeting daily deadlines
- Capable of, or experienced in, prioritizing multiple tasks when required
- Communicates Effectively
- Capable of open, accurate and concise communication at all times, whether through email or phone
- Confident of communicating across many different areas and across levels
- Technical Knowledge/Experience
- Experienced with MS Office (MS Excel/Access/Outlook etc.)
- Track record of learning or adapting to new technology systems and applications
- Teamwork
- Works effectively and builds relationships with colleagues
- Willing to perform additional tasks, when required, to help team meet its control goals
Skills Required (Desired)
- Prior experience in investment banking operations or finance
- Knowledge of accounting principles (e.g. understanding of P&L calculations and reporting in banking context)
- Trade booking/flow knowledge
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.Role & responsibilities
Preferred candidate profile
Job Classification
Industry: Investment Banking / Venture Capital / Private EquityFunctional Area / Department: BFSI, Investments & TradingRole Category: Investment Banking, Private Equity & VCRole: Investment Banking AssociateEmployement Type: Full timeContact Details:
Company: Morgan StanleyLocation(s): Bengaluru
Keyskills: Investment Banking Operations Equity and Fixed Income Derivative Products Fixed Income Securities Reconciliation Corporate Actions Risk Management
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