Fixed Income Division - Vice President, Electronic Trading Risk Manager (London)

Fixed Income Division - Vice President, Electronic Trading Risk Manager (London)

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

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. We 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

The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading.

From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions.

What will you be doing?

The FID Business Unit Risk Management group is seeking an Electronic Trading Risk Manager to operate as part of a team providing oversight of Fixed Income Electronic Trading Risk Management platforms. A key function for the business acting as the first line of defense for Electronic Trading Risk Management providing technology/product subject matter expertise and direction as it relates to interpretation and understanding of electronic trading, regulatory and exchange rules and associated IT development.

This is a risk management role with specific focus on the highly complex sales and trading infrastructure within the Fixed Income Division.

• Main responsibilities center on providing oversight of Fixed Income Electronic Trading Risk Management platforms.
• Providing business ownership of trading limits for electronic trading and general day-to-day response to electronic risk management situations needing immediate attention.
• Operating within a first line of defense risk management team to devise and own robust controls on electronic trading workflows and platforms across all of Fixed Income. This includes critical assessment of systems architecture development as it relates to market impact, market access, fat finger risks, etc
• Improving and monitoring existing control frameworks for electronic trading platforms and trading algorithms
• Partnering with strats, technology, trading, risk management, legal and compliance on a number of applicable etrading deliverables and initiatives.
• Strong collaboration with key stakeholders both within Fixed Income and other divisions to implement key controls for new businesses and flows across the division in the Americas, and globally if required.
• Participating in committee discussions where eTrading Algorithms are reviewed and later authorized against internal policies and external regulatory requirements.
• Align and push for best practice and optimal consistency across asset classes.
• Advising on electronic trading regulatory enquiries and exchange audits.

What we’re looking for:

• A technical and analytical approach to understand the complex trading technology infrastructure.
• Good judgement, including ability to make appropriate risk decisions in a time pressured environment.
• Solution driven approach to identified issues.
• Ability to learn quickly and teach others on the workings of our trading systems and controls.

Skills that will help you in the role:

• An understanding of and interest in the broader eTrading business and regulatory environment is necessary to ensure that appropriate solutions are generated which consider protection of the Firm’s franchise and effectively manage the risks across the trade plant & products.
• The individual will be expected to interact and build strong relationships with stakeholders across teams, functional boundaries, and with clients. The role requires an ability to recognize and mange conflicting priorities/expectations across multiple stakeholders.
• This role requires the ability and willingness to solve time-sensitive business and technical problems in a hands-on manner. A foundation of technical, analytical and project management skills will enable the ideal candidate to learn complex trade flows and data models/structures. These skills should be coupled with a creative, flexible and pragmatic approach to problem solving.
• Knowledge & experience of the fixed income trading products is preferred. A good understanding of the front-office processes, particularly: Regulatory requirements, Trading infrastructure and order routing, Post Trade Transparency.
• Any successful candidate will either have substantial technical experience in financial services in building, supporting or auditing front office sales and trading systems; or have some experience in management of technology led projects and understand the complexities and issues that result from such initiatives. Experience may have included responsibility for authoring technical specifications, securities processing, data analysis, and/or performing compliance related activities. Should be comfortable performing basic data analysis and have a strong willingness to learn new technologies.
• This role requires strong multi-tasking skills in order to juggle many competing projects and priorities. A strong candidate will have a proven ability to manage multiple simultaneous work-threads and make good decisions on where to focus efforts.
• This role requires an individual ability to communicate with multiple stakeholders across Legal, Compliance, Risk Management and FID. The successful candidate will be expected to clearly articulate objectives, requirements and risks & issues.
• The role involves a great deal of interaction with other members of the team and relies on the ability to identify appropriate information, sharing & leveraging of information, effectively and appropriately

Flexible work statement:

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Internal Applicants:

Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.

Equal opportunities statement:

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.