Morgan Stanley Hiring for Associate – Credit and Market Risk Reconciliations at Mumbai, India Full Time

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm’s 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 Profile
Background on the Team
The Credit & Market Risk Operations team is responsible for providing Proof and Control for Counterparty and Market Risk data to the Credit & Market Risk Department, Global Standards and Disclosures and Regulatory Controllers.
It is a Global Team and the Mumbai team will be responsible for supervising and overseeing Credit and Market Risk reconciliations performed by our 3rd party vendor. In addition, the team is responsible for assisting with escalation of issues to appropriate contacts and maintaining control over the Credit & Market Risk Operations processes & US DvP Reconciliation.
The successful applicant will work closely with the vendor management group and Vendor to help ensure that they provide quality service as per the agreed terms and conditions of the contract.
Primary Responsibilities
The candidate will operate as a member within a team of individuals working together on a shared workload whilst reporting into a Team Manager. The candidate will be expected to organize the workload of the team and to be able to contribute to supervising work performed by the team. The candidate will be expected to analyze and improve processes, identify and manage risk and guide junior members of the team. As such communication and organizational skills as well as attention to detail and a readiness to escalate issues with a sense of urgency are of importance.
The successful candidate will have the following responsibilities:
Review exceptions/breaks and the quality of research conducted by Vendor and provide relevant feedback where necessary.
Participate in Weekly Risk Meeting to review all outstanding risk issues with Vendor.
Assist and train the staff at Vendor in exceptional processing cases, if necessary.
Perform various intra-day & end of day control checks on occasional basis to ensure that Vendor delivers quality output.
Assist staff at Vendor to perform root cause analysis and elimination of issues at source.
Identify risk issues, escalate where appropriate and provide assistance in resolving.
Ensure upward and peer communication of developments and issues.

Review changes suggested by Vendor related to process, documentation, etc. and approve by following the proper change management process.
Perform various reconciliation functions for those processes retained within the Control Group.
Ensure the team’s SLAs are met and, where possible, exceeded
Actively seeking out opportunities to improve the teams control framework and ensuring controls are carried out in as efficient a manner as possible
Ensuring existing procedures are documented, kept current and complied with
Participate in testing to protect process from impacts of system/booking changes
Developing and maintaining relationships with key stakeholders and business partners
Build an understanding of our process and how this links to our clients requirements and the regulatory framework.
Pro-actively communicate exceptions / issues within our processes which may impact our clients but are out with our immediate scope of reporting.
Provide periodic updates on project deliverables to team management
Must involve in project deliverables as per set deadlines
Provide status u

Skills required
Proven analytical and problem solving skills, alongside the ability to assimilate and learn quickly
Excellent verbal and written communication abilities
Superb attention to detail, accuracy & quality
Strong time management and task prioritisation skills. Willing to work additional hours to ensure all deliverables are performed within required timescales
Strong sense of urgency, accountability and ownership
Focus on guardianship, ensuring that issues are identified, escalated, resolved and reported on a timely basis
A positive outlook, energy and enthusiasm. Is a self-starter who takes individual ownership for work quality and improvement. Leads by examples working with drive and determination
Ability to work well under pressure, lending control and order to a difficult or pressurised situation
Ability to absorb information and learns quickly
Innovation and creative skills, challenges the existing processes and status quo.
Excellent inter-personal skills

Skills desired
The following skills would be advantageous, but not essential, for candidates applying for this role.
Knowledge of Market Risk Theory and Concepts
Knowledge of Fixed Income, Equity & Commodities Products
Knowledge of Firm Trading, Operations and Finance Systems

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.

Job: *Other

Title: Associate – Credit and Market Risk Reconciliations

Location: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

Requisition ID: 3224064