FID, Contractual Terms Risk Management - Associate

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

The Fixed Income Division (FID) of the Institutional Securities business unit is comprised of Interest Rate and Currency Products, Credit Products, Commodities and Distribution. Professionals in the Division assess and actively manage risk, trade securities and structure, as well as execute innovative transactions in the fast-paced and constantly changing global markets.

The Firm is seeking a new member for its Contractual Terms Risk Management (CTRM) team, which is part of the Firm’s U.S. Business Control Unit (BCU) team. CTRM is focused on the risk management of the contractual terms that reside in the Firm’s trading agreements with counterparties, including the review and escalation of negotiated terms, and the management and maintenance of structured data in Firm systems. CTRM, as part of BCU, is a first line team which sits in FID but covers client trading documentation across all traded products. This is not a document negotiator role, but rather a risk management role focused on client trading documentation.

Primary Responsibilities

• Coordinate preparation of meeting materials for Counterparty Risk/Credit escalation meetings.
• Liaise with members of the Firm’s Risk, Credit and Legal teams as well as the various trading desks within the Institutional Securities business unit.
• Develop a familiarity with the Firm’s suite of client trading documentation including, but not limited to, ISDA Master Agreement, ISDA CSA, Listed Derivatives and Clearing, repo, securities lending, prime brokerage and other associated trading agreements.
• Provide support for and serve as escalation point for a variety of CTRM daily functions including, but not limited to, trading without documentation, monitoring of various contractual terms, ad hoc reviews of existing counterparty documentation, database quality control and expansion, counterparty credit ratings, custodial relationships, and ongoing engagements with external vendors.
• Participate in improving and expanding the Firm’s structured data across all client trading agreements.
• Manage responses to a variety of ad hoc risk management issues as they arise.

Qualifications / Critical Success Factors

• Ability to effectively manage various projects and deadlines, including tracking and coordinating responses to internal and external requests with minimal oversight
• Desire to build relationships with senior stakeholders in the Sales and Trading business, Counterparty Risk, Credit, Legal, Compliance, Operations, and Finance, among other support functions
• Highly motivated self-starter with the ability to work under pressure and prioritize competing deadlines
• Ability to work on challenging assignments in a dynamic environment, synthesize information, gather relevant facts and reach logical conclusions
• Excellent written and oral communication skills, as well as the ability to present ideas concisely and tailor messaging to various stakeholders
• Fast Learner with the ability to absorb new concepts and knowledge quickly
• Ability to take ideas forward and to challenge others with integrity and maturity
• Exceptional organizational skills and a high degree of attention to detail
• Strong analytical skills with an ability to understand complex workflows
• Strategic thinker with experience coordinating and collaborating with multiple stakeholder groups

Additional Qualifications

• 2+ years’ experience in negotiating a cross section of trading agreements, including in-depth knowledge of the various provisions contained in these agreements and their negotiability. Knowledge of and proficiency around the underlying products traded also preferred.
• Comfortable working in an open trading floor environment, including in-person discussions with senior business people and other stakeholders
• Strong verbal and written communication skills; attention to detail; ability to meet timing deadlines on multiple projects
• Knowledge of financial services sector preferred
• Proficiency with Microsoft Office and Microsoft Teams
• Bachelor’s degree required; JD preferred

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 89 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.

Expected base pay rate for the role will be between $100,000 to $150,000 for Associate, at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

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).