Fixed Income Trading Jobs in Minnesota (NOW HIRING)

ABOUT MORGAN STANLEY
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions, and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
ABOUT PARAMETRIC
Parametric is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. We partner with advisors, institutions, and consultants to build portfolios focused on what is important to them and their clients. A leader in custom solutions for more than 30 years, we help investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios that respond to their evolving needs. We also offer systematic alpha and alternative strategies to complement clients' core holdings.
This role is part of Parametric' s hybrid working model, which includes working in the office 3 days a week and choosing to work remotely or in the office the remaining days of the week.
ABOUT THE TEAM
The operations department consists of a team of professionals that focuses on the overall operations of Parametric. This group ensures the production process is complete from start to finish and lines up with the goals and functions of other departments within the firm. Examples include supervising, organizing, and completing daily production, measuring, and evaluating daily workload, and providing services to ensure the business runs as smoothly and effectively as possible.
ABOUT THE ROLE
The Operations Associate, Post Trade Derivatives will be responsible for processing and understanding the end-to-end trade settlement life cycle for derivative transactions and includes the opportunity to gain experience in fixed income and equity life cycles. The role emphasizes trade matching, confirmation of both cleared and bilateral derivative instruments, trade settlement, collateral management, and security life cycle events. The associate will review and communicate details to multiple stakeholders, collaborating closely with traders, portfolio managers, portfolio administration, custodians, and brokers on trade issues. Additionally, the Associate will assess and mitigate settlement risks across derivatives, equities, and fixed income markets, while continuously seeking opportunities to enhance operational efficiency.
The ideal candidate will have experience managing the daily settlement and collateral processes for derivative trades in a challenging environment. They should be adept at collaborating across teams to ensure timely trade settlement, accurate reporting, and fulfillment of additional responsibilities as needed. We seek a proactive individual with strong leadership abilities, exceptional attention to detail and the capability to work independently while meeting tight deadlines.
PRIMARY RESPONSIBILITIES

• Confirm trades and other transactions against various resources such as brokers and custodians
• Instruct, monitor and verify the settlement of trades and the transfers of positions and cash
• Research and resolve trade and account discrepancies in a timely manner to minimize fails and claims
• Assist in the automation of operational processes; propose solutions, liaise with developers and test enhancements
• Actively participate in projects to drive automation an enhancement efforts
• Maintain and drive efficiencies with numerous custodial and clearing broker relationships
• Work with Reconciliation department to diagnose breaks and resolve accordingly
• Analyze daily collateral needs. Monitor counterparty exposure and transfer collateral to minimize credit risk
• Escalation of urgent issues, aged reconciliation discrepancies and breakdowns in operations controls
• Consistently prioritize daily and longer-term tasks in high paced work environment with diligence
• Process ad-hoc request from trading, accounting and clients
• Cross-train on all team responsibilities
• Create, update and maintain procedures
• Maintains an excellent knowledge of industry practices and controls
• Effectively escalate issues to senior management and other impacted teams

JOB REQUIREMENTS

• Associates (2yr) or Bachelor's (4yr) degree in Finance, Accounting or Economics preferred
• 4+ years experience in confirmation, settlement and asset servicing of futures, options, OTC derivatives, stocks, bonds and/or Asset Backed Securities in financial operations
• Strong attention to detail and ability to work independently under tight deadlines
• Trade settlement, collateral management and middle office experience is preferred
• Competent in Microsoft Office programs, familiarity with the following is a plus: SWIFT, Bloomberg, DTCC CTM, DTCC Alert, DTCC TradeSuite, TradeNexus, FIA Tech, IceLink, MarkitWire, Markit Trade Manager, CloudMargin and triOptima's suite of products
• Must have strong professionalism, verbal and written communication skills
• Displays excellent organization, time management and planning skills
• Displays high attention to detail, accuracy, thoroughness, and thoughtfulness. Commitment to meeting identified quality and efficiency standards
• Commitment to satisfying internal and external customers and continuous improvement
• Ability to work with a level of ambiguity
• Ability to plan and prioritize multiple responsibilities

Parametric believes each member of our organization makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties and qualifications. It is our expectation that every member of our team will offer his/her/their services wherever and whenever necessary to ensure the success of our client services.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Salary range for the position: $70,000 - 140,000/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

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.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).