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Type of Role: InvestmentsOperations

Experience Level: Analyst/Associate

Location: Boston, Massachusetts

Salary: $110K - $145K

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm’s clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue.

Basic Purpose:

The Trading Assistant team provides trading and system support to an Emerging Markets investment team and serves as the primary point of contact for counterparty, custodial, and fund accountant inquiries.  The Emerging Markets team is spread out across the US, London, and Singapore.

Training and Career Development:

New hires will undergo extensive training and learning during their first year as a Trading Assistant.  Training will assist them in acclimating to their new role within the Emerging Markets team, while also providing them with valuable resources to further their career.  During the first few months, the candidate will attend both formal and informal training that covers an array of topics.  These topics will include training on the various roles within the Emerging Markets team, trading and settling specific instruments, understanding the different systems used on the trading desk, and various other on-the-job training sessions.  Trading Assistants will also have a rotating mentor and attend lunch & learns offered through the Emerging Markets team, as well as additional opportunities available through Morgan Stanley.

After the initial year, Trading Assistants will typically spend an additional two to three years on the team.  During that time, Trading Assistants will cultivate their skills and knowledge of EM debt and derivative instruments to further development into more senior roles, as well as to prepare for future career opportunities within the Emerging Markets team.  Trading Assistants are also encouraged to use their time on the team to pursue the CFA program, coding, or other areas of interest that may help to strengthen their knowledge.  The team may also provide opportunities for travel to London and Singapore, based on satisfactory job performance and needs of the department.

Primary Responsibilities:

  • Assist traders with pre-trade checks including confirmation of our derivative positions, current cash balances, and available settlement locations.
  • Monitor existing positions and coordinate execution with traders and portfolio managers.
  • Perform post-trade functions including confirmation and providing allocations to brokers both manually and through electronic platforms.
  • Work with our custodians to ensure settlement of trades and communicate with our counterparties to resolve any discrepancies.
  • Monitor FX matching and netting.  Ensure timely settlement to reduce risk of interest claims.
  • Confirm and clear eligible IRS, CDS and NDF positions.
  • Assist the trading desk in onboarding new counterparties, markets or trading systems.
  • Track currency hedges or trading needs of other other investment teams.
  • Monitor corporate actions and provide color to portfolio managers to assist in making election decisions.
  • Assist with reporting under Dodd Frank and EMIR, as well as confirm compliance with local market regulations.
  • Assist with other department projects and functions as needed.
  • Bachelor’s degree with strong academic record.
  • 1+ years of relevant experience is a plus.
  • Must be organized and have strong attention to detail.
  • High level of efficiency and ability to multi-task under pressure.
  • Strong communication skills and ability to work both independently and within a team.
  • Demonstrated quantitative aptitude.
  • Understanding of basic financial concepts through coursework or job experience.
  • Long and flexible hours dependent on liquidity of relevant markets.
  • Currently working towards a CFA or equivalent designation is a plus, but not required.

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.