Equity Operations Transformation AVP/Director

Glasgow

Division Profile

One of the largest divisions in the Firm, Operations is the first line of defence for Morgan Stanley’s financial and reputational well-being and essential in delivering value to our clients. 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 world-class team of innovative and dedicated professionals, with a unique vantage point in the Firm interacting with all parts of the business, front to back. The Operations Senior Management team are passionate about our people development and providing best in class employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning, and proactive career management.

Team Profile - Stock Loan Transformation

The Stock Loan Transformation team specifically delivers strategic change for across the Stock Loan operational function. The team collaborates with stakeholders and apply first-class project management techniques with a spirit of continual improvement. The team delivers change to enable and protect business revenue, comply with all applicable laws and regulations, realize cost savings through efficiency and renovation and reduce risk to the franchise. The teams focus on business requirements, process design and optimization, user acceptance testing, and implementation and post implementation risk mitigation and management.

The Stock Loan product is the practice whereby securities are transferred temporarily from one party (lender) to another (borrower) for a fee. The borrower is required to return them either on demand or at the end of any agreement. The borrower will provide the lender with collateral for the period of the loan. The motivations to participate in Stock Lending include:
• To cover strategically traded short-positions
• To cover deliveries which arise as a consequence of failed settlement

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

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. We 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.

What will you be doing?

You will be part of a team whose responsibilities include:
-Liaising with the team that runs the day-to-day Stock Loan operations on process improvement and answering ad hoc queries.
-Strong stakeholder management and communication skills. Must be able to articulate the right level of detail based on the audience, concisely explain complex issues and possess strong written and oral executive-level communications skills
-Coordinating technology changes between the global operations and the technology developers
-Develop strong relationships with IT colleagues to design, develop and implement technology platforms to deliver solutions to these business requirements.
-Working with Legal and Compliance to support new margin rules and regulations.
-Track and review team projects and help to assess risk and next steps
-Contribute to global management discussions for daily updates and future plans for the team.
-Own the assigned projects or streams, initiate and coordinate the necessary changes until timely resolution.
-Provide regular project status updates to the stakeholders and the senior change management, identify and escalate project risks.
-Collect, assess and document business requirements, complete the necessary analysis of product data, recommend implementation priorities and advise clients on solution alternatives, benefits and costs.
-Coordinate sign off on requirements.

Where will you be working?

Located in Glasgow’s dynamic International Financial Services District, our office has an open, diverse, thriving company culture. In 2000, we founded our Glasgow office with just six employees. Since then, our office has grown to more than 1,400 people in our Glasgow office. We have an open, inclusive culture that empowers employees to reach their individual and professional goals. We encourage everyone who works here to think like owners and take pride in our worldwide reputation.

Flexible work statement:

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Equal opportunities statement:

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

What we’re looking for:
-All degree disciplines considered.
-Strong numerical and analytical skills are a prerequisite.
-Proficiency with Microsoft Office applications, including Outlook, Word, Excel, PowerPoint, Project, Visio required.
-Computer literate with SQL, VBA, Excel, Access skills desired.
-Project management experience required.
-Organization and time-management skills required.
-Experience of using the AGILE change approach
-Demonstration in their past work and/or academic experience of robust analytical skills and high attention to detail.
-Enthusiasm for learning and a strong desire to advance personal & career development.
-A self-starter with the ability to work on their own initiative as well as work across a global team.
-Exposure to stock loan / collateral products is beneficial.
-Strong interpersonal skills with the confidence to deal with senior internal clients.
-Expertise in managing global programs and projects.
-Ability to hold delivery partners in Operations and Technology accountable.