Associate - Transaction and Trade Reporting Operations - Change the Bank

Job Description

*Trade & Transaction Reporting Ops Specialist Controls CTB AssociateDivision: Operations/ Trade & Transaction Reporting Operations Job Title: AssociateLocation: Mumbai Operations Title: Ops Specialist, CTB Company ProfileMorgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firms 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.Division ProfileOperations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.Institutional Securities Group (ISG) Product Operations encompasses four functionally aligned organization, Trading & Client Operations, Clearing Operations, Financing & Collateral Operations, and Trade & Transaction Reporting. The broad organization partners closely with Sales and Trading to develop and implement new products and services as well as drive efficiency and reduce risk in our processes. The ISGPO Change the Bank team is a project management and business analysis team responsible for driving and delivering change for ISG Product Operations. The team is responsible for providing process re-engineering leadership to drive improved quality and enhanced efficiency. The team partners with Operations line leadership and Technology to shape product, service and functional strategies and deliver related application solutions. The team also supports key business enablement initiatives as well as client and industry driven product developmentTrade & Transaction Reporting Operations (TTRO) delivers the appropriate diligence and governance over the Firm s global transaction reporting obligations. TTRO is charged with ensuring the completeness, accuracy and timeliness of the Firm s trade and transaction reporting and is comprised of teams in London, New York, Hong Kong, Glasgow and Mumbai, supported by a selection of vendors and third party service providers.TTRO CTB teams are engaged in the development of platforms and processes supporting upcoming regulatory change in a high focus, rapidly evolving environment. Supporting a broad stakeholder base, TTRO CTB liaise with various internal and external counterparties daily and work closely with the run the bank (RTB) and Technology teams to ensure that the transaction reporting is in line with the regulatory requirements, industry best practice and the Firms ISG trading activity.The TTRO Control Chapter Team is responsible for the delivery of the control framework, which is aimed at articulating and managing the firms risk to meets its regulatory objectives in terms of completeness, accuracy and timeliness of Transaction Reporting. To be effective in this role requires knowledge of system flows, cash and derivative products and investment banking operations control principles.Primary Responsibilities As a CTB Operations Specialist perform business analysis activities in order to define solutions, utilising a mix of product, process knowledge and technical domain knowledge. They partner with RTB, Tech and other stakeholders on solution implementation, analyse and exposes complex issues, identify root causes and propose future actions. Work on the remediation effort for controls for the defined area and work with the Controls Standards Committee to ensure best practice Deliver remediation effort for reconciliation controls on the Legacy platform and/or on the new reporting platform. Work closely with the Run the Bank team to ensure that controls are rolled out effectively. Partner with other employees and consultants in the Controls CTB team. Document business processes, business rules and reference data requirements Become a key contact for IT colleagues to assist on query resolution during system design and build Plan, test and control deployment and verification process. Prepare test strategy and approach Ensure timely escalation of any issues to Operations, Management and IT where appropriate. Work towards improving efficiency, controls and overall reporting framework., *Skills required You will have a Bachelor Degree with at least 4 years of relevant working experience You will have a background in Capital Markets and preferably knowledge of Derivative Products, including Listed Derivatives, FX, Commodities, Equity, Credit and Interest Rates. You have preferably worked on Business Process Transformation initiatives and Software Delivery projects; to identify project risks and barriers; to support Business Migration through process change or software delivery; and to track and realise business benefits You work well as part of a team, including interfacing across all levels You can identify the right levels of control and measures required for an operations workflow, building a strong yet flexible workflow. You actively ensure existence of mitigating controls and take personal responsibility for enhancing processes. You are aware of the long term impact of regulatory environment and market changes on the business. You make plans where appropriate to adapt control processes and procedures. You will be articulate and have strong communication skills, especially by phone/video You are able to prioritize effectively. You actively look for new opportunities for self-development and career progression. You show dedication to learn from experience and mistakes; actively seek out feedback and adjust behavior accordingly. You consistently exceed expectations and respond actively and positively to changing circumstances. You will have an added advantage if you possess prior regulatory experience in MiFID / EMIR /CFTC or other APAC regulations

Keyskills :
business analysisbusiness processinvestment banking operationsbusiness process transformationstrong communication skillsquery resolutionsystem designcapital marketsbusiness rulesreference datatest strategy