Associate - Global Operations Position Control - Mumbai, Maharashtra, India - Morgan Stanley

Morgan Stanley

Verified Company

Mumbai, Maharashtra, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Associate - Global Operations Position Control (Operations)

Job Number:
3248033

POSTING DATE:
Mar 11, 2024

PRIMARY LOCATION:
Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

EDUCATION LEVEL:
Bachelor's Degree

JOB:
Other

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Associate

DESCRIPTION
ISG Aligned Operations is a global team supporting Equity Derivatives, Interest Rate, Credit Derivatives (IRCC), Commodities and Collateral. The team supports primarily middle office functions with a global presence.

ISG Operations have people located in the following locations - Americas (New York, Baltimore), Asia (Hong Kong, Tokyo, Singapore, Sydney, Mumbai and Bangalore), and Europe (London, Budapest and Glasgow).

Global Operations Position Control (GOPC) is part of the ISG Equity Operations department with teams located in Glasgow, Mumbai and Bangalore.

The team performs a pivotal role, ensuring that there is integrity around the completeness and accuracy of the market risk information across all the ISG businesses - Equity, Fixed Income and Commodities.

This information is being used daily by traders, risk management, P&L controllers and Operations, specifically as a vital component of the daily PnL provided to the front office and the VAR analysis performed by the Market Risk Department.

GOPC have two principal objectives

Identification, escalation and resolution of inconsistencies in the market risk information (position, market value etc.) between risk systems and the firm's books and records on a daily basis;
Elimination of the root cause of the exceptions.

The department is comprised of a mixture of Operations and Finance professionals with a varied skill set, which enables them to leverage/manage cross
- divisional technology and business requirements to meet the needs of their clients. GOPC are expanding their current remit to meet the growing demands of the firm and the evolving regulatory requirements of the industry.

The Global Operations Position Control team (GOPC) consists of 65 people globally split across globe.

The key areas of this role are;
Ensuring all controls and processes within the responsibility of the role are completed and continually evolving in line with the requirements of the team and Firm;

Ensuring that all outputs are produced to a first class standard
Ensuring deadlines are met and where possible exceeded
Providing accurate and timely escalations to line manager
Demonstrate ownership by being accountable for any issues highlighted within their control processes.
Developing and maintaining relationships with key stakeholders and business partners
Timely escalation of issues to key stakeholders and business partners to ensure effective resolution

Change Agenda and Business Process Improvement;

Actively seeking out opportunities to improve the teams control framework and ensuring controls are carried out in as efficient a manner as possible
Ownership of the resolution of issues identified through the root cause of issues highlighted through control processes
Delivering projects within agreed deliverables

Ensure the accurate and timely reporting of all key client outputs and management reporting;

Production and Development of Management Information
Production of Metrics and Stakeholder Packs
Ensuring the quality and timeliness of all outputs of the team are to the required standard

Reconciliation of internal firm systems, to ensure the completeness and accuracy of the data used at the various stages of the trade life cycle;

Completion of daily and monthly proof and control reports to demonstrate the completeness and accuracy of PnL data.
Investigate exceptions through interrogation of the Firms risk and financial systems.
Providing accurate and timely escalations to line manager
Proactively carrying out root cause analysis on break data to identify and then eliminate common break types, while communicating these successes
Ensuring existing procedures are documented, kept current and complied with through periodic review

This is not exhaustive and tasks and responsibilities may change to maintain our high levels of service.

QUALIFICATIONS
Minimum Bachelor's or Master's Degree

Minimum 3-5 years experience

Exposure and understanding of Equity and Fixed Income Derivative Products

Exposure and understanding of Corporate Actions

Good MS office skills

Attention to detail and accuracy is essential ( Responsible for metrics, management information, presentations)

Ability to challenge the processes and issues under their ownership

Self-motivated and ability to work consistently and efficiently to achieve end goals