Operations - OTC Collateral Management Director(AVP)
Morgan Stanley
Hong Kong, Hong Kong, Hong Kong, Japan Asia


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 747 offices in 42 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.

Operations is one of the largest divisions in the Firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating operational risks, developing strong client relationships and partnering with technology to realise the full potential of IT solutions.

Operations continually seek ways to improve while actively supporting the development of new businesses, structures and markets.

There is currently a position available for an individual at the Director level, within the OTC collateral team in Hong Kong.

The successful candidate will be working in a dynamic and challenging environment, covering day-to-day collateral dispute management process.

The individual will be responsible for the management of disputes with Institutional and Hedge Fund counterparties under the provisions of ISDA Credit Support documentation.

The products supported are very broad, encompassing Fixed Income and Equity derivatives, with some Repo and Commodities derivatives as well.

The candidate will support disputes both on Variation Margin and Regulatory Initial Margin required under Uncleared Margin Rules (UMR).

Responsibilities of the role include :

  • OTC derivative exposure dispute management for Morgan Stanley
  • Liaise & build strong relationships with Clients, Business Units, Operations and Risk teams to address any trade disputes and fails
  • Proactively explore tactical and strategic solutions to close identified control gaps, working with other groups as appropriate
  • Maintain a clear focus on enhancing control and continuously improving and reducing operational risks
  • Troubleshoot problems arising on an ad-hoc basis
  • HK CMD Operational lead for new products and product reviews across a broad range of Fixed Income and Equity & Commodities Derivative and Repo products
  • First line, point of escalation, capable of owing more complex client / process issues through to resolution
  • Control focus' review processes, identifying potential weaknesses, drafting corrective action plans and providing recommendations for improvement to Department Head
  • Qualifications :

  • Bachelor's Degree or equivalent : analytical, financial or mathematically related subject favoured
  • Candidate will have prior exposure of derivative products and preferably have experience with OTC derivative products, including a basic understanding of pricing inputs
  • Candidate should have a good understanding of front to back trade booking flows
  • Good understanding of the key fields within a CSA document impacting margin calls
  • An awareness of recent regulatory developments impacting OTC collateral
  • Some knowledge of the SIMM calculation and inputs is preferred but not essential
  • Good analytical skills are essential for the role, attention to detail will also be a requirement
  • Good interpersonal and relationship management skills, being able to communicate clearly and concisely
  • The candidate will be required to convey issues succinctly to front office stakeholders and to reach timely resolutions with counterparties
  • Candidate should be able to organise themselves efficiently as they will need to prioritise and keep track of multiple outstanding items while working to meet daily deadlines
  • Candidate should be a self-starter with the ability to work either on their own initiative as well as be a solid team player
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