Operations Associate - Parametric

Overview

ABOUT MORGAN STANLEY
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions, and individuals. For further information about Morgan Stanley, please visit

ABOUT PARAMETRIC
Parametric is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. We partner with advisors, institutions, and consultants to build portfolios focused on what is important to them and their clients. A leader in custom solutions for more than 30 years, we help investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios that respond to their evolving needs.

We also offer systematic alpha and alternative strategies to complement clients  core holdings.

This role is part of Parametric s hybrid working model, which includes working in the office 3 days a week and choosing to work remotely or in the office the remaining days of the week.

The operations department consists of a team of professionals that focuses on the overall operations of Parametric. This group ensures the production process is complete from start to finish and lines up with the goals and functions of other departments within the firm. Examples include supervising, organizing, and completing daily production, measuring, and evaluating daily workload, and providing services to ensure the business runs as smoothly and effectively as possible.

The Operations Associate, Post Trade Derivatives will be responsible for processing and understanding the end-to-end trade settlement life cycle for derivative transactions and includes the opportunity to gain experience in fixed income and equity life cycles. The role emphasizes trade matching, confirmation of both cleared and bilateral derivative instruments, trade settlement, collateral management, and security life cycle events. The associate will review and communicate details to multiple stakeholders, collaborating closely with traders, portfolio managers, portfolio administration, custodians, and brokers on trade issues.

Additionally, the Associate will assess and mitigate settlement risks across derivatives, equities, and fixed income markets, while continuously seeking opportunities to enhance operational efficiency.

The ideal candidate will have experience managing the daily settlement and collateral processes for derivative trades in a challenging environment. They should be adept at collaborating across teams to ensure timely trade settlement, accurate reporting, and fulfillment of additional responsibilities as needed. We seek a proactive individual with strong leadership abilities, exceptional attention to detail and the capability to work independently while meeting tight deadlines.

• Confirm trades and other transactions against various resources such as brokers and custodians
• Instruct, monitor and verify the settlement of trades and the transfers of positions and cash
• Research and resolve trade and account discrepancies in a timely manner to minimize fails and claims
• Assist in the automation of operational processes; propose solutions, liaise with developers and test enhancements
• Actively participate in projects to drive automation an enhancement efforts
• Maintain and drive efficiencies with numerous custodial and clearing broker relationships
• Work with Reconciliation department to diagnose breaks and resolve accordingly
• Analyze daily collateral needs. Monitor counter party exposure and transfer collateral to minimize credit risk
• Escalation of urgent issues, aged reconciliation discrepancies and breakdowns in operations controls
• Consistently prioritize daily and longer-term tasks in high paced work environment with diligence
• Process ad-hoc request from trading, accounting and clients
• Cross-train on all team responsibilities
• Create, update and maintain procedures
• Maintains an excellent knowledge of industry practices and controls
• Effect…