We're seeking someone to join our team as an Director in Wealth Management Aligned Operations team,Direct, Workplace, and Tax Operations (DWTO) organization supports millions of Morgan Stanley institutional and Wealth Management clients. Functions within DWTO include Tax Operations, Morgan Stanley at Work (Stock Plan), and E*TRADE Operations teams Margin, Middle Office, and Correspondence.
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying, and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. The Margin Operations team continually seeks ways to improve while actively supporting the development of new businesses and regulatory changes.
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on…
What you'll do in the role:
As a member of the Margin Ops team, the Margin Ops Director will oversee day to day operational tasks/governance, lead initiatives to enhance and improve processes as well as adhere to existing and new regulations, manage metrics/reporting to disseminate to senior leadership, identify, respond, and resolve escalated risk scenarios, collaborate with various teams (L&C, Product, Service, and Risk) to proactively mitigate risk. Typical responsibilities listed below:
·Review and manage exceptions to the firm's current margin policy
·Perform review of daily margin processes completed by analysts and associates
·Strong understanding of REG-T Margin guidelines, Day-Trade rules, and complex option strategies
·Ensure proper action is taken on at-risk accounts for adherence to the firm's policy, market conditions, or individual account behaviour
·Support customer service in managing and resolving escalated client margin issues
·Assess risk and apply closing transactions in high-pressure and fast-moving market conditions for accounts with complex trading strategies
·Identify and escalate risk related issues to various leaders in all lines of business
·Participate and lead cross-functional initiatives aimed at formulating policy and improving systems used to manage risk and execute client orders
·Provide regular reporting to direct management
·Contribute positively to the client experience by developing and sharing operational process enhancement ideas to the broader organization
·Ensure adherence to existing and new regulations put forth by regulatory bodies.
What you'll bring to the role:
The ideal candidate should display the following:
·Bachelor's degree in business or a finance related field
·Ability to clearly articulate complex ideas to any audience within the organization
·Detail-oriented and have a proactive approach to identifying risk and effecting change
·4+ years of work experience in the broker-dealer space, preferably in Margin Operations or Equity/Options Trading
·Strong understanding of margin balances and buying power across multiple products (REG-T, REG-U, Options and Portfolio Margin)
·Working regulatory knowledge of FINRA 4210, Federal Regulation T, Federal Regulation U, Portfolio Margin and Pattern Day Trading
·Solid understanding of trading strategies and current financial market conditions
·Knowledge of financial markets, derivatives, and margin (Regulation T)
·Knowledge of Excel and other Microsoft Office products in addition to systems such as Tableau, Bloomberg, etc.
What you can expect from Morgan Stanley:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. Our Firm is differentiated by the caliber of our diverse team, while our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.
"Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents."