Vice President

Job Description

*Collateral Operations Team Manager Vice PresidentDivision: Operations/ Financing & Collateral Operations Job Title: Vice PresidentLocation: Mumbai Operations Title: Team ManagerCompany 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.Department 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. At all times we are focused on delivering quality service to clients both internal and external. ISG Product Operations partners closely with Shared Services and Banking Operations as well as Branch Operations and Operations Risk & Control to deliver a connected front to back view of operations to ISG Sales and Trading.The India Collateral Operations team provides collateral calculations and exposure monitoring for clients based across the globe. This team is responsible for all aspects of collateral monitoring and works closely with the regional business unit risk managers, sales, operations and documentation groups. The team performs margin calculation based on the margin documents and to ensure that the exposures are within the defined comfort levels so as to minimize the Firm s exposure to counterparty and market risk. . The team covers client accounts that trade under the ISDA CSA document and FX prime brokerage agreement.Primary Responsibilities Monitor data feeds and pre margin call issuance checks to ensure they are performed in line with SLAs Perform various control activities to ensure that the exposures are properly captured and monitored in the systems Perform day-to-day supervision of margining process to ensure margin calculations are in accordance with the policies set Respond to enquiries from sales / sales assistants/ BRM/ Credit on collateral activities and resolve complex problems Work with business unit managers, operations, legal and documentations to determine the support model and necessary controls on new products Participate in global initiatives and projects to improve existing controls and streamline the margin calculation process Work with IT and global counterparts on system enhancements and continuous development of margin infrastructure All people management aspects of the team including individual performance management, team building, succession planning, cross-training Client relationship management, internal and external. Setting the strategy in partnership with the business and technology partners. Driving the industry. An expectation that the candidate will be able to actively participate in industry level discussion relating to regulatory reform within the Collateral space. Risk management focusing on daily exposures, fails management, accurate books and records Active use of control reports, KRIs and KPIs Regular evaluation/improvement of control environment Introduce greater automation in processes through management, execution and delivery of CTB and RTB initiatives. Drive global consistency in process, risk and management tools Familiarity with management tools including TDABC, Depth Charts, Escalation Matrices, etc., *Skills required (essential) Bachelor-s Degree 14+ years of relevant working experience Excellent command in English communication skills Good understanding of financial products, including equity/fixed income OTC derivative, FX products and basic knowledge of ISDA/CSA is a bonus. High level of integrity and able to work under pressure Strong interpersonal and relationship management skills, being able to communicate clearly and concisely, moderating style and delivery to suit different parties and media Can organize themselves efficiently, keep track of multiple outstanding items and meet tight deadlines Ability to step back from the detail and question processes and controls. Can work well under pressure, lending control and order to a difficult or pressurized situation Can deal easily with multiple issue and tasks Experienced in delegation, organizational and people management Ability to recognize risk issues and implications. Knows when to ask questions before taking action and when to refer problems or issues to the next level. Approaches all situations with positive outlook, energy and enthusiasm. Is a self-starter who takes individual ownership for work quality and improvement Shows initiative and creativity, taking a long-term approach to improvement and resolution of issues. Is self-confident, demonstrates integrity and business-appropriate behavior. Leads by example

Keyskills :
project managementautomationcost controldeliveryltdclient relationship managementdata feedsteam buildingrisk managementshared servicesprime brokerageclient accountsoperational risk