About the role
Primary Responsibilities
Reconciliation, Break Reporting and Resolution, Metrics:
- Reconcile MTMs daily for Swaps/Options/Forward FX's with brokers across accounts and with fund accountants (for the MS funds).
- Must have basic knowledge of Derivatives products such as IRS, CDS, TRS, FX forwards, Options & Futures.
- Should have knowledge of the reconciliation tool Tri Resolve.
- Perform daily Collateral balance reconciliation with broker
- Perform daily Futures and Collateral Holdings reconciliation with clearing broker
- Perform resets for IRS, CDS and TRS and instruct settlements along with Fails management.
- Perform Position and Market Value reconciliation between Internal systems
- Provide standard and ad-hoc reporting to the West Conshohocken Derivatives teams
- Make recommendations on process improvements and control enhancements
- Daily Review of Cash Breaks pertaining to Rate Resets
- Maintain metrics regarding above tasks together with trade volumes
- Contribute to operational workflows addressing internal requirements
Relationship Management:
- Work with third party vendors – e.g. Fund Accountant/Brokers/Technology Service Providers to ensure Operations functions run smoothly
- Liaise with other MSIM teams for items such as reconciliation and collateral management
Skills required (essential)
- Strong numeracy and analytical skills
- Exceptional multi-tasking ability
- Accuracy, attention to detail, good organization skills
- High level of English – strong verbal and written communication skills
- High degree of computer literacy, including working knowledge of Windows-based applications such as Word, Excel and Access
- Demonstrated success working in a high volume, high intensity derivatives environment.
- Proven record of collaborating with a diverse group of colleagues across geographic and functional boundaries. Must be team oriented.
- Professional maturity, self-confidence, decisiveness and outstanding business judgment
- Ability to assimilate information quickly