Global Loans Operations Associate at Morgan Stanley

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

06 Apr, 26

Salary

103000.0

Posted On

06 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loan Syndication, Trading, Customer Service, Problem Solving, Analytical Skills, Microsoft Office, Detail-Oriented, Self-Motivated, Team Player, Communication Skills, Operational Risk, Trade Closing, Legal Documentation, Proprietary Trading Systems, ClearPar, LoanIQ

Industry

Financial Services

Description

We’re seeking someone to join our team as an Associate in Fixed Income Operations to support the Global Loans Secondary Trade Closing team in coordinating with trade counterparties and clients to receive and review loan trade documentation while managing a trading portfolio of secondary loan trades. In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is an Associate level position within Product Support & Services, which is responsible for providing transaction support and managing post execution processes. Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals. Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on… What you’ll do in the role: Execute complex processes and assist a Team Manager in coordinating processes, risks and/or projects in a Team Lead capacity Recognize risk in day-to-day processes to draw out the key issues and leverage detailed knowledge to propose changes in process Train others, allocate tasks and support with first line escalation where required Share expert knowledge across the team, contribute to team output and development, building relationships across the Firm Assist the closing team in managing the trade closing process through communication with custodians, admin agents , counterparties, and fund administrators while maintaining minimal operational risk. Operate and understand proprietary trading systems as well as external trading platforms such as ClearPar & Virtus Trade Settlement as it pertains to the loan trading function. Interact with senior members of the Loan Trading desk, Legal, Sales, and Operations groups in order to deliver solutions for Morgan Stanley?s clients. Develop strong working relationships with outside Deal Administrators to ensure accurate and timely execution of trades. Provide management with daily updates on activities, review issues within the assigned portfolio, and dimension solutions to achieve client satisfaction and targeted goals. Actively converse with internal and external legal counsel to generate loan documentation and accelerate the closing process while ensuring Morgan Stanley?s legal risk has been approved by the appropriate personnel prior to execution. What you’ll bring to the role: Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team Ability to operate independently with respect to some job responsibilities Culture carrier across Operations, embracing the Firm's core values Understanding of Loan Syndication and Trading Association (LSTA) documentation and guidelines and a thorough understanding of the mechanisms which govern the corporate loan market. At least 4 years’ relevant experience would generally be expected to find the skills required for this role Familiarity with Par loan trading market convention Very strong customer service skills with exceptional written and verbal communication skills Strong problem solving, research and analytical skills with the ability and willingness to work in a structured, high paced environment, with daily routine operations Detail-oriented, conscientious and energetic professional with ability to think creatively. Self driven and highly motivated team player Strong knowledge of Microsoft Office with focus on Word and Excel Self-motivated and willing to assume extended responsibility Ability to work in a fast paced environment, both independently and as part of a team Can identify key control points within a process, and then provide assessment of the preventative and detective control LoanIQ and ClearPar system knowledge and trade closing and or trading desk exposure Role is hybrid and will require in office attendance 3 days/week. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $65,000 and $103,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Responsibilities

The role involves supporting the Global Loans Secondary Trade Closing team by coordinating with trade counterparties and clients to manage loan trade documentation. The associate will also assist in managing the trade closing process and interact with various internal and external stakeholders.