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	Your Opportunity as a Summer Analyst in Operations

Morgan Stanley Overview

Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With over 600 offices in 33 countries, the firm is truly global - and a market leader in the US, Europe and Asia as well as in emerging markets. Morgan Stanley's success rests on the talents and passion of our people, who share a common set of values and bring excellence and integrity to everything they do.

Operations at Morgan Stanley

Operations' primary mission is to provide control and oversight for post-execution trade processing from trade entry through settlements and custody in a commercial, sustainable manner.  Operations is also responsible for proprietary and customer transactions of both primary and secondary trading in listed and over-the-counter transactions in commodities, equity and fixed income securities, and structured derivatives.  These businesses are supported out of offices throughout the Americas, EMEA and Asia, which demonstrates the global nature of the business.

The value proposition that Operations offers to Morgan Stanley is based upon:

• Control:  The management of front-to-back operational processes for all products is the Firm's and Clients' first line of defense.  Knowing the rules and making them work with precision every day is the essence of what Operations does.
• Commercial:  Everything Operations does is a function of making the economic engine of the Firm work.  Operations professionals understand the businesses we support, and every aspect of our work is aimed at making the businesses profitable.
• People:  Operations can only exercise Control and create Commercial opportunity by ensuring that we have the right people, with the right skills and training, in the right jobs.

Operations supports all Sales & Trading products from the time a trade is entered until it reaches the general ledger. Core responsibilities include: trade capture & execution, trade matching & confirmation, clearing & settling trades, asset servicing, custody & control, operational risk management and client relationship management & support.  

Newly hired Analysts are engaged in daily operations activities and also have opportunities to tackle a variety of special projects.  Operations activities include desk/trade support, client service and relationships, transaction exception handling, settlement and reconciliation, risk management and control, corporate actions, and collateral management.   Analysts are also engaged in developing, producing and analyzing operational performance metrics to help identify areas in need of improvement.  Various project roles provide opportunities to understand the front-to-back business processes and supporting technical infrastructure to engineer solutions that enable growth of new products/services or reduce costs and risk.

OPERATIONS GROUPS CORE RESPONSIBILITIES

Securities Processing Operations (SPO) represents Morgan Stanley's combined Global Equity, Financing and Fixed Income Cash Operations groups as a single operating unit that provides an integrated platform across these high volume businesses.  These global teams are responsible for managing Operations relationships with the various trading desks they support. Products supported include Foreign Exchange, Stock Loans and Repos for Financing and Cash products including corporate/government bonds, mortgage-backed securities and listed equities.

Commodities Operations provides end-to-end operational processing, performance metrics, control management, supports new product / deal diligence, and partners with technology to deliver ongoing process and systems enhancements for the global commodities business unit.   Morgan Stanley is active in the energy, metals and agricultural markets. The range of products covered is one of the broadest in the industry, offering clients a "one stop shop" for their risk management needs.

Derivative Operations is a global organization with over 450 employees located in eight countries supporting the Credit Derivatives, Interest Rate Derivatives and Equity OTC Derivatives businesses.  Derivative Operations supports the full lifecycle of a trade including Trade Capture and Execution, Trade Matching and Confirmation, Clearing and Settling Trades, Asset Servicing and Custody and Control.  In addition, Derivative Operations covers non-trade related activities such as Client Relationship Management, Risk Management, Business Management and Project Management.

Listed Derivatives Operations provides global transaction support for listed options and futures, including trade processing, verification, reconciliation and reporting. The Operations team has a strong partnership with the Client Listed Derivatives Business Unit, participating in every phase of the client life cycle from marketing to ongoing relationship management.

Multi Asset Client Services (MACS) provides predominantly client-facing services to institutions, hedge funds, middle market participants and wealthy individual investors. MACS works to establish a strong operational relationship with these clients and acts as a first source of advice, information and escalation. The department provides both trade date and settlement operational services for fixed income and equity clients, collateral management and price indications and multifaceted prime brokerage support. MACS also develops and manages operations infrastructure for the firm's country offices and its network of agent banks around the world, via the Global Network Management team.

Operations Risk & Control (OpsRC) performs various independent functions to ensure integrity and transparency over the ISG sub-ledger.  This global, Operations-wide organization has five primary functional teams: Core Services, Balance Sheet Control, Regulatory Reporting, Ops Risk and Client Confidentiality/Entitlements.  Collectively, the team focuses on implementing appropriate internal controls, business processes, and internal management reporting / analyses to ensure Operations is able to mitigate operational risk and fulfill regulatory reporting requirements

Cross-Product Services (CPS) is a global organization with over 600 employees located in eight countries supporting the post-trade activities of Equities and Fixed Income Securities as well as Over-the-Counter (OTC) Derivatives.  CPS services multiple product areas providing greater client service and consistent risk management to counterparts. CPS is comprised of three functions: The Cash Management team provides liquidity management services designed to manage risk and reduce cost through optimal funding strategies.  Processing of entitlements and mandatory and voluntary corporate action events impacting the Firm's clients are processed within the Position Services team. The Cash and Over-the-Counter (OTC) Settlements teams are responsible for the delivery & receipt of cash and securities on settlement date resulting from Firm and client trading activity.  CPS works closely with other organizations in Operations and IT to ensure we continuously provide high quality and efficient services to the various institutional businesses we support.

Global Projects Group (GPG) manages projects and programs that span all product lines and functions of Operations while setting best practices. Operations and IT partner on process re-engineering projects in order to support growing businesses; these project portfolios are tracked and managed in GPG in order to provide centralized governance. GPG also develops and maintains key metrics and management reporting in order to ensure Operations is providing efficiency and scale across all products.  

Banking Operations focuses on Global Loans Servicing and Bank Processing responsibilities, which encompass support functions in Corporate Loans, Mortgage Loans and Bank Deposits.  Team members who support the Loan products, as well as Bank Deposits function, have daily interaction with Business Units, Sales and Trading Desks, Borrowers, Lenders, Bond Investors, Legal Counsel, and Bank Agents.  Our recent expansion in Banking Operations will continue to promote growth in other cities and markets increasing the need for global connectivity. 

OPERATIONS SUMMER ANALYST PROGRAM

 The Operations Internship Program is a three-month full time internship that provides the opportunity to gain a practical understanding of the financial sector and serves as a pipeline into our full-time Analyst Program. We provide summer analysts challenging assignments, which allows us to assess their skills and contributions.

The program includes an orientation to the Firm, a thorough overview of our industry, presentations that give a broad understanding of the organization, professional development training, and social and networking events.  Summer Analysts work closely with colleagues to process complex transactions, solve operational problems, respond to business issues and client needs, assist in risk management, conduct revenue analysis and participate in firm reengineering projects. Summer Analysts are also assigned peer advisors to aid their smooth transition into the organization.

The Program will commence in June, where interns will work through August on a full-time basis. Provided good performance, internships may be extended for the school semester on a part time basis.  Placements are communicated to interns before their start date and are based upon business needs and feedback throughout the interview process.

Provided exceptional performance, summer analysts will also be considered for our Operations Analyst Program.

QUALIFICATIONS

Analysts expected to complete their Bachelors or Masters degree between December 2011 and July 2012 with a minimum GPA of 3.2 out of 4. Strong candidates will also possess excellent leadership, interpersonal, and communication skills. Fluency in English is essential.

HOW TO APPLY

Opportunities are available in Hong Kong and Singapore. 

Please visit our website at http://www.morganstanley.com/about/careers/recruiting/apply.html