Cash Settlements Commodities Settlements Associate job in Glasgow at Adzuna

Cash Settlements - Commodities Settlements Associate

Company: Adzuna

Location: Strathclyde UK

Date Posted:Mar 30, 2017

Company Profile:Morgan Stanley is a leading global financial services firm providing a widerange of investment banking, securities, investment management and wealthmanagement services. The Firm's employees serve clients worldwide includingcorporations, governments and individuals from more than 1,200 offices in 43countries. As a market leader, the talent and passion of our people is critical to oursuccess. Together, we share a common set of values rooted in integrity,excellence and strong team ethic. Morgan Stanley can provide a superiorfoundation 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: SSBO provides utility processing services to Global Operations. Byfunctionalizing processes across segments, SSBO realizes efficiencies throughscale, location strategy and adoption of best practices. SSBO provides qualityoperational core processes at an optimal price point, with maximum benefit toMS business lines. Services currently provided by SSBO include CashManagement, OTC Derivative and Security Settlements, Position Services,Reconciliations, Tax, Client Reference Data, Network Management and VendorManagement. Team Overview: The Cash Settlements Team is responsible for all aspects of settlement forForeign Exchange, Commodities, Credit, Interest Rate, and Equity OTCderivatives trades post-booking. The position requires daily interaction withvarious broker clients globally as well as internal sales and trading desks,other Operations groups, and technology teams. Our mission is to providebusiness units with cost effective, highly efficient and product agnostic fullsettlements services, enriching our clients experience and strengtheningclient relationships. Cash Settlements is divided into several teams by product and function,offering the fantastic opportunity to learn a variety of different derivativesproducts and functions within the larger Cash Settlements team. Each team isresponsible for controlling risk by managing relationships with counterpartiesto ensure that high risk settlements are settled on value date, and wherethere are any post-settlement issues or discrepancies, the team investigatesand resolves in a timely way. Product Coverage Fixed Income and Equity OTC Derivatives products, Foreign Exchange, andCommodities Primary Responsibilities: \- Daily communication with clients to agree upcoming cash flows \- Investigation and resolution of client fails through various means,including daily interaction with trading desks, sales desks and middle officegroups to ensure prompt resolution \- Reconciliation and analysis of aged breaks \- Client and Business Unit relationship management \- Responding to client queries relating to position breaks, corporate actionbookings and reporting \- Collaborating with Operational management, sales, and trading desks todiminish risk through escalation and strong communication \- Acting as a process owner and being accountable for all outstanding items \- Developing and improving existing processes and reporting \- Working as part of the global settlements team to assist with development,testing & implementation of internal system changes Qualifications Skills Required: \- Bachelor's Degree \- Strong analytical, organizational, and verbal and written communicationskills \- Proven ability to work efficiently and accurately under pressure in a fastpaced multi-tasking environment \- Proactive and self-motivated \- Strong Microsoft Excel and Word skills Skills Desired: Due to the nature of the products traded, the job requires the ability toidentify problems as they arise and understand when these need to beescalated. Strong problem solving skills and continued follow up are anecessity. The candidate should possess a good appreciation of risk - bothoperationally and franchise. In addition, the role requires extensive clientinteraction both internally and externally so the ability to maintain andbuild excellent client relationships is a priority. Morgan Stanley is an equal opportunities employer. We work to provide asupportive and inclusive environment where all individuals can maximise theirfull potential. Our skilled and creative workforce is comprised of individualsdrawn from a broad cross section of the global communities in which we operateand who reflect a variety of backgrounds, talents, perspectives andexperiences. Our strong commitment to a culture of inclusion is evidentthrough our constant focus on recruiting, developing and advancing individualsbased on their skills and talents. *LI-AM1 Salary: . Date posted: 10/10/2016 View full job description
JobCentre Plus 2 years ago
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Cash Settlements Commodities Settlements Associate jobs in Glasgow

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