eFinancialCareers

• Company

  Morgan Stanley

• Location

  UK-London

• Compensation

  Competitive

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  17 Nov 2009

• eFC Ref no

  577165

The Commodities Operations group is responsible for several key steps in the trade life cycle, including:

- Generating, reviewing, and sending trade confirmations on a daily basis
- Affirming verbal and written broker and counterparty confirmations on a daily basis
- Settling trades and associated costs by creating payment vouchers and receivable invoices on a daily basis
- Reconciling Morgan Stanley inventory.
- Opening and reviewing new counterparty accounts on an ad-hoc basis
- Creating and reviewing payable and receivable settlement vouchers (invoices) on a daily basis

The junior staff within the Operations group is expected to understand the trade process through the trade life cycle. They work externally with counterparty and broker operations personnel to identify trade discrepancies and internally with the BU, controllers, and IT personnel to resolve those issues.

The VP of the group is expected to have experience managing at least a mid sized team, be proficient/knowledgeable in the tasks mentioned above, have a good understanding of the functions of a “typical” back and front office trade flow, and preferably have previous experience in commodities.

Skills Required
Required: Demonstrated management experience
Required: Ability to multi-task in a high intensity environment
Required: Meticulous attention to detail
Required: Excellent verbal and written communication skills
Required: Ability and desire to work in a team-centered environment
Degree qualified or equivalent

Skills Desired
Requested: Experience in commodities
Requested: Experience in settlements, confirmations and reconciliations
Requested: Experience with enterprise trading systems