Operations Director Operations Director …

SSBO provides utility processing services to Global Operations. By functionalizing processes across segments, SSBO realizes efficiencies through scale, location strategy and adoption of best practices.

SSBO provides utility processing services to Global Operations. By functionalizing processes across segments, SSBO realizes efficiencies through scale, location strategy and adoption of best practices. SSBO provides quality operational core processes at an optimal price point, with maximum benefit to MS business lines. Services currently provided by SSBO include Cash Management, OTC Derivative and Security Settlements, Position Services, Reconciliations, Tax, Client Reference Data, Network Management and Vendor Management.

Team Profile: The Security Settlements Group is responsible for effectively managing positions, trading activity and funding across all European, Middle Eastern, and African markets.The team consists of 24 people in Control Roles in Glasgow, supported by approximately 34 team members at an offshore Vendor.The department has been established in Glasgow for several years and has developed itself into a highly efficient and successful operation, providing first class service to our clients. This has been achieved through strong focus on control, commerciality and people. We are looking for dynamic and hard-working candidates to continue the positive progression of the department. The group interacts with a number of other departments across the firm on a daily basis such as Bank Resource Management, Prime Brokerage, Private Wealth, TSG, Corporate Actions and Financial Controllers. We also interact daily with a number of external agents based in countries across the regions that we support.As well as ensuring the accurate settlement of Fixed Income and Equity trading, the successful candidate will also be involved in Market-Wide Initiatives, New Product Approvals, Regulatory Reporting, and a variety of other Key Management Metric Reporting

Primary Responsibilities:

This role is to be part of the EMEA Equity Security Settlements Vendor, Risk and Control team located in Glasgow, overseeing our third party vendor teams located in Chennai and Nagpur. The teams are primarily responsible for ensuring the timely settlement of trades executed by MS trading desks and clients.

• Manage the delivery of the Federal Risk Management programmes for EMEA Security Settlements
• Manage the performance and relationship with the 3rd Party vendor in India
• Drive Settlement performance and efficiency
• Report and manage settlement risk and exposure
• Partner closely with Business Units to enhance client service levels and support business growth
• Work in partnership with internal infrastructure teams including Legal and Compliance, Technology, Operations Risk and Control teams, as well as external regulators and exchanges
• Drive the review of the controls and processes in order to reduce operational and client risk
• Identify opportunities to improve operational efficiency and strive for the delivery of commercial initiatives
• Ensure compliance with all applicable rules, regulations, policies and procedures
• Help to shape and execute the Control, Commercial and People agenda for Security Settlements in EMEA
• This is not exhaustive and tasks and responsibilities may change to maintain our high levels of service.

Skills required:

• Experience in financial industry in Security Settlements or related operations roles
• Technical understanding of transaction lifecycle in Cash Equities & FID and knowledge of regulatory policies & regulations
• Proven interpersonal skills and abilities to work extensively across global departments to build and maintain credibility and strong relationships with peers, management, and stakeholders
• Vendor management experience
• Effective team player
• Deadline oriented and able to thrive in high pressure environment
• Strong communication skills, able interact and communicate effectively
• Experience in change management and process improvement methodologies

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.