Listed Derivative- Reconciliation

  • Company:
    Morgan Stanley Pvt Ltd
  • Location:
  • Salary:
    negotiable / month
  • Job type:
    Full-Time
  • Posted:
    2 weeks ago
  • Category:
    Financial Services/Stockbroking

Skill: qa , test scenarios , testing; Exp: 0-3 years; Listed Derivative- Reconciliation Job Number 3118360 Posting Date Aug 16, 2018 Primary Location Non-Japan Asia-India-Karnataka-Bengaluru Education Level Bachelor’s Degree Job Other Employment Type Full Time Job Level Associate Description 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 Background on the Team The Reconciliations Group are responsible for managing trade, position and cash reconciliations on a T 1 basis and ensures the MS books and records match with Exchange/Broker books and records, across markets located in Asia, Europe and the Americas. Reconciliation scope includes exchange, broker, inter company and internal account relationships. The Team also performs reconciliations between books of different internal MS entity where cross border/product trading activities are done. The function will also continue to evolve as a result of the ongoing technology strategy to provide a scalable automated processing model. The team acts as one of the most important control functions in terms of guarding the risk for the firm. With the ongoing technology strategy, there is project work underway across various workstream to automate Client Money impacted European recs and various NA recs. The role demands testing the workflow and interaction with TSG , CTB and IT teams. Primary Responsibilities The primarily function within the team is the completion of daily tasks, including (but not limited to) Exchange/Broker Reconciliations at Position, Trade and Cash level. Omni (intercompany) reconciliations Understanding market nuances, Breaks investigation, Follow-up and break resolutions. Coordinating with Technology on day to day systems issues, raising tickets and follow through until resolution of the issue Escalation and reporting to regional/global counterparts/management. Deep dive on breaks reason codes / root cause analysis. Critically analyze and improve on control/risk environment. Breaks notification to various stakeholders and TSG teams Daily, Weekly, Monthly reporting of breaks / analysis Provide expertise for projects relating to new markets/business/technology and various CTB and RTB Projects business requirements and testing Support testing for regulatory project needs- MiFid 2, Brexit. Testing in QA providing evidences and various test scenarios. Data gathering and business analysis. COMPETENCIES REQUIRED FOR THE ROLE PROFESSIONAL SKILLS Basic understanding of Derivative Instruments (Options/Futures/Forwards etc.) Ability to work under pressure and adhere to tight Client Money deadlines with accuracy. Strong communication / networking skills to interact with both internal / external parties including street brokers Pays attention to detail demonstrates excellent attention to detail when analyzing or interpreting data. Good Learning and grasping skills. The individual will be expected to learn quickly to acquire the required technical knowledge to understand the process , investigate the breaks and publish before Client money deadlines. Self-motivated and ability to work consistently and efficiently. Basic understanding of Risk and markets volatility impacts. Proactively escalates breaks and risk issues. FUNCTIONAL KNOWLEDGE Knowledge of a listed derivatives reconciliation function (or at least the concept of reconciliation) is an advantage. Previous experience into trade support roles with exposure to trade life cycles, process flows and reconciliation and risk and control functions will be preferred. Demonstrates awareness of control and Risk requirements through proven track record. Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.

Quality Assurance/Testing

Degree: ME/ M.Tech./ MS (Engg/ Sciences)

Experience: 0-3

Function: IT Software : Software Products & Services