Security Settlement Director - Associate
Morgan Stanley
Middle East
منذ 4 يوم

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 defence for Morgan Stanley's financial and reputational well-being and essential in delivering value to our clients.

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 world-class team of innovative and dedicated professionals, with a unique vantage point in the Firm interacting with all parts of the business, front to back.

The Operations Senior Management team are passionate about our people development and providing best in class employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning, and proactive career management.

Team Profile

The Settlements Group deals with all aspects of trade settlement done in the German market including Over-the-Counter (OTC) trades and stock exchange trades in different type of products.

A large number of daily functions have to be fulfilled to ensure that outstanding trades settle in time in order to avoid financial risk for the firm.

We currently have an vacant position in our Frankfurt office for a -

Security Settlement Director- / Associate (m / w / d)

The role primary responsibilities include :

  • Ensuring securities settlement instructions are entered into the market correctly on behalf of Morgan Stanley Bank AG
  • Ensuring correct settlement and safe-keeping of assets under custody with Morgan Stanley Bank AG
  • Ensuring that the operations department correctly records all trading and custody related transactions entered into by Morgan Stanley Bank AG and its clients are properly reports to internal and external bodies
  • Control all activities performed in accordance with the team and firm’s risk control framework
  • Check and investigate unknown stock receipts; monitoring suspense items in Safe, reflecting correct bookings
  • Notifying MS international client-Service-Groups about unmatched / mismatched / pre-matched trades / partials / nettings
  • Partner with Local and International Teams in clearing settlement queries.
  • Monitoring instructions for cross border conversions, amending instructions where applicable
  • Escalation of problems with the above functions to supervisor and / or manager as per escalation matrix
  • Reconciliation of positions between the internal security delivery system "SAFE" and the custody account "QWest" and the entry of clearing entries
  • Processing and answering telephone and written inquiries from international customers and counterparties for business transactions
  • Skills required

  • Educated to a degree or equivalent academic level
  • Fluent in written & spoken English is required
  • Fluent in written & spoken German is preferred
  • Relevant industry experience
  • Experience of working in the following Operational process is required - Securities Settlements
  • Strong confident communicator (written and oral)
  • Knowledge of operational functions and processes of a broker dealer
  • Cross product knowledge
  • Focus on risk and displays the ability to react quickly to issues and see them through to conclusion
  • A change agent - always challenging the status quo
  • Strong stakeholder management skills
  • Sound interpersonal skills, freely develops networks, builds consensus and develops alliances across the organization
  • Ability to work in a fast paced environment
  • Ability to meet tight deadlines and has a delivery focused approach
  • Strong sense of ownership and accountability for quality output
  • Attention to detail and accuracy
  • Highly motivated self-starter with multi-tasking abilities; ability to prioritize appropriately
  • Entrepreneurial spirit and flexibility
  • Desire to work in an environment strong in teamwork, commitment and excellence
  • 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.

    Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.#LI-AH1

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