Trade and Transaction Reporting, SFTR - Associate

Morgan Stanley ,
Glasgow, City of Glasgow
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Job Description

Company Profile: 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. Glasgow Profile: Morgan Stanley's Glasgow office employs in excess of 1,500 staff across Operations, Technology, Legal and Compliance, Internal Audit, Fund Services and Finance. Due to our growing business, we have a demand for career minded people to join our teams. Our opportunities offer unrivalled scope for progression and training within a fast paced, meritocratic and constantly changing environment. Morgan Stanley pride themselves on maintaining a culture which champions diversity, an inclusive environment for all, recognition and an opportunity to give back to our communities through various local charity partnerships. The office is located centrally and enjoys the additional benefits of an onsite gym and restaurant. Department Profile: One of the largest divisions in the Firm, Operations is the first line of defense for Morgan Stanley's financial and reputational well-being and essential in delivering value. Operations is responsible for correctly settling and recording millions of transactions per day, identifying and mitigating operational risk, developing strong client relationships and partnering with technology to realize the full potential of IT and Automation. Operations has a premier team of creative and dedicated professionals, with a unique vantage point interacting with all parts of the business. The Operations Senior Management team is passionate about our people development and providing top-notch employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning and dedicated career management. Team Profile: Trade & Transaction Reporting Operations (TTRO) manages the Firm's global transaction reporting obligations, monitoring the completeness, accuracy and timeliness of the Firm's reporting. Comprised of teams in London, New York, Hong Kong, Glasgow and Mumbai, supported by a selection of vendors and third party service providers the criticality of the function ensures senior management engagement and secures a high profile for those in the team. As the Centre of Excellence for Transaction Reporting, TTRO are regularly engaged in delivering regulatory changes in a high focus, rapidly evolving environment. Supporting a broad stakeholder base, TTRO liaise with various internal and external counterparties daily, including Sales and Trading, Non-Market Risk leads, Legal and Compliance teams, Information Technology, trade organisations such as ISDA, AFME and FIA, Industry utilities such as DTCC and UnaVista in addition to partners across the Operations division. Primary Responsibilities: We are currently establishing the team to support the launch of a new transaction reporting obligation (Securities Financing Transaction Regulation "SFTR") in 2020. Initially the key responsibilities of this position will include: - Building robust operational processes and controls to ensure the completeness, accuracy and timeliness of the Firm's reporting, - Conducting UAT testing and providing feedback effectiveness and defects identified,- Ensuring operational readiness for the new regime - Post-launch this position will have responsibility for managing exceptions, investigating issues and partnering across the Firm to remediate their findings. The team will also be tasked with producing Management Information, ensuring transactions are reported in line with the new regulations and providing regular feedback on progress to senior management across the Firm. Skills Required: Strong analytical and problem solving skills are key to this position. Although experiences in regulation reporting or understanding of product flow are advantageous, the key behaviours are: - You are able to handle multiple work streams and 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 behaviour accordingly. - 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 can identify the right levels of control and measures required, building a strong

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