Morgan Stanley
Trade Closing Director
Morgan Stanley, Baltimore, Maryland, United States, 21276
Trade Closing Director
Job Number:
3262363 POSTING DATE:
Dec 24, 2024 PRIMARY LOCATION:
Americas-United States of America-Maryland-Baltimore EDUCATION LEVEL:
Bachelor's Degree JOB:
Other EMPLOYMENT TYPE:
Full Time JOB LEVEL:
Director DESCRIPTION
We’re seeking someone to join our team as a Director in Institutional Securities Fixed Income Operations who will be responsible for supervising the Global Loans Secondary Trade Closing team members in coordinating with trade counterparties and clients to receive and review loan trade documentation while managing a trading portfolio of secondary loan trades. In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is a Team Supervisor position at Director level within Product Support & Services, which is responsible for providing transaction support and managing post execution processes. What you’ll do in the role: Serve as the primary supervisor within specific line or project area with accountability to associated risks Manage direct reports, leading 1:1s and career development, attracting and retaining high quality talent in line with our leadership commitments Review resources to ensure adequate coverage to deliver BAU commitments, highlighting current and future needs to manager Share expert knowledge across the team, contributing to team output and ensuring diverse viewpoints are heard Assist the closing team in managing the trade closing process through communication with custodians, admin agents, counterparties, and fund administrators while maintaining minimal operational risk Operate and understand proprietary trading systems as well as external trading platforms such as ClearPar & Virtus Trade Settlement as it pertains to the loan trading function Interact with senior members of the Loan Trading desk, Legal, Sales, and Operations groups in order to deliver solutions for Morgan Stanley's clients Manage stakeholder interaction, both internal and external, and manage client escalations with the team QUALIFICATIONS
What you’ll bring to the role: Ability to lead by example, work with drive and determination, adapt management style to suit individuals and ensure team is well supported with a sense of purpose Prepared to challenge the status quo, raise concerns and/or needs of their team members Ability to pitch communication appropriately according to the audience and demonstrate active listening skills Culture carrier across Operations, embracing the Firm's core values and acting as a role model Ability to multi-task and manage tight deadlines Understanding of Loan Syndication and Trading Association (LSTA) documentation and guidelines and a thorough understanding of the mechanisms which govern the corporate loan market Familiarity with Par loan trading market convention Strong problem solving, research and analytical skills with the ability and willingness to work in a structured, high paced environment, with daily routine operations Must obtain Series 99 license if supervising a covered function At least 4 years’ relevant experience would generally be expected to find the skills required for this role Role is hybrid and will require in office attendance 3 days/week. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). Salary range for the position:
$80,000 - $104,000 Yr.
The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees.
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Job Number:
3262363 POSTING DATE:
Dec 24, 2024 PRIMARY LOCATION:
Americas-United States of America-Maryland-Baltimore EDUCATION LEVEL:
Bachelor's Degree JOB:
Other EMPLOYMENT TYPE:
Full Time JOB LEVEL:
Director DESCRIPTION
We’re seeking someone to join our team as a Director in Institutional Securities Fixed Income Operations who will be responsible for supervising the Global Loans Secondary Trade Closing team members in coordinating with trade counterparties and clients to receive and review loan trade documentation while managing a trading portfolio of secondary loan trades. In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is a Team Supervisor position at Director level within Product Support & Services, which is responsible for providing transaction support and managing post execution processes. What you’ll do in the role: Serve as the primary supervisor within specific line or project area with accountability to associated risks Manage direct reports, leading 1:1s and career development, attracting and retaining high quality talent in line with our leadership commitments Review resources to ensure adequate coverage to deliver BAU commitments, highlighting current and future needs to manager Share expert knowledge across the team, contributing to team output and ensuring diverse viewpoints are heard Assist the closing team in managing the trade closing process through communication with custodians, admin agents, counterparties, and fund administrators while maintaining minimal operational risk Operate and understand proprietary trading systems as well as external trading platforms such as ClearPar & Virtus Trade Settlement as it pertains to the loan trading function Interact with senior members of the Loan Trading desk, Legal, Sales, and Operations groups in order to deliver solutions for Morgan Stanley's clients Manage stakeholder interaction, both internal and external, and manage client escalations with the team QUALIFICATIONS
What you’ll bring to the role: Ability to lead by example, work with drive and determination, adapt management style to suit individuals and ensure team is well supported with a sense of purpose Prepared to challenge the status quo, raise concerns and/or needs of their team members Ability to pitch communication appropriately according to the audience and demonstrate active listening skills Culture carrier across Operations, embracing the Firm's core values and acting as a role model Ability to multi-task and manage tight deadlines Understanding of Loan Syndication and Trading Association (LSTA) documentation and guidelines and a thorough understanding of the mechanisms which govern the corporate loan market Familiarity with Par loan trading market convention Strong problem solving, research and analytical skills with the ability and willingness to work in a structured, high paced environment, with daily routine operations Must obtain Series 99 license if supervising a covered function At least 4 years’ relevant experience would generally be expected to find the skills required for this role Role is hybrid and will require in office attendance 3 days/week. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). Salary range for the position:
$80,000 - $104,000 Yr.
The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees.
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