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DATE ADDED: Sat 16/05/2020

Security Settlements Associate

Glasgow, UK


JOB TYPE: Permanent, FullTime

SALARY: Competitive

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

One of the largest divisions in the Firm, Operations is the first line of defense for Morgan Stanley's financial and reputational well-being and essential in delivering value. Operations is responsible for correctly settling and recording millions of transactions per day, identifying and mitigating operational risk, developing strong client relationships and partnering with technology to realize the full potential of IT and Automation. Operations has a premier team of creative and dedicated professionals, with a unique vantage point interacting with all parts of the business. The Operations Senior Management team is passionate about our people development and providing top-notch employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning and dedicated career management.

The Security Settlements Group is responsible for effectively managing positions, trading activity and funding across all European, Middle Eastern, and African markets.

The team consists of 24 people in Control Roles in Glasgow, supported by approximately 34 team members at an offshore Vendor.

The department has been established in Glasgow for several years and has developed itself into a highly efficient and successful operation, providing first class service to our clients. This has been achieved through strong focus on control, commerciality and people. We are looking for dynamic and hard-working candidates to continue the positive progression of the department.

The group interacts with a number of other departments across the firm on a daily basis such as Bank Resource Management, Prime Brokerage, Private Wealth, TSG, Corporate Actions and Financial Controllers. We also interact daily with a number of external agents based in countries across the regions that we support.

As well as ensuring the accurate settlement of Fixed Income and Equity trading, the successful candidate will also be involved in Market-Wide Initiatives, New Product Approvals, Regulatory Reporting, and a variety of other Key Management Metric Reporting.

Primary Responsibilities

This role is to be part of the EMEA Equity Security Settlements Control team located in Glasgow, overseeing our third party vendor teams located in Chennai and Nagpur. The teams are primarily responsible for ensuring the timely settlement of trades executed by MS trading desks and clients. Furthermore, the team is responsible for facilitating client asset transfers and conversion requests.

• Manage the performance and relationship with the 3rd Party vendor in India ? Drive Settlement performance and efficiency

• Manage daily settlement risk and exposure

• Partner closely with Business Units to enhance client service levels and support business growth

• Work in partnership with internal infrastructure teams including Legal and Compliance, Technology, Operations Risk and Control teams, as well as external regulators and exchanges

• Drive the review of the controls and processes in order to reduce operational and client risk

• Identify opportunities to improve operational efficiency and strive for the delivery of commercial initiatives

• Ensure compliance with all applicable rules, regulations, policies and procedures

• Help to shape and execute the Control, Commercial and People agenda for Security Settlements in EMEA

This is not exhaustive and tasks and responsibilities may change to maintain our high levels of service.Ensure Key Performance / Risk Indicator benchmarks are met, and implement remediation strategies with the vendor where required


Skills Required

• Experience in financial industry in Security Settlements or related operations roles

• Technical understanding of transaction lifecycle in Cash Equities & FID and knowledge of regulatory policies & regulations

• Proven interpersonal skills and abilities to work extensively across global departments to build and maintain credibility and strong relationships with peers, management, and stakeholders

• Vendor management experience

• Effective team player

• Deadline oriented and able to thrive in high pressure environment

• Strong communication skills, able interact and communicate effectively

• Experience in change management and process improvement methodologies

Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.