BRM, Funding and Collateral Optimization Trading, Associate

Morgan Stanley London a month ago

BRM, Funding and Collateral Optimization Trading, Associate

Job Number:


POSTING DATE: Mar 3, 2021
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
JOB: Bank Resource Management (BRM)
JOB LEVEL: Associate


Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
Bank Resource Management (BRM) executes centralized liability management for the Firm, in partnership with Corporate Treasury. BRM is positioned at the core of transaction flows to ensure proper and consistent allocation and pricing of resources across market facing businesses globally.

BRM principal responsibilities include:

    Secured Funding and Collateral Optimization
    Client financing, Borrowing and Lending
    Managing and hedging counterparty credit risk (XVA)
    Centralized Clearing and Margin Optimization
    Strategy planning and oversight
    Sales and Marketing

Description of BRM Funding and Collateral Optimization Role

BRM Funding and Collateral Optimization (FCO) is a dedicated business area within BRM responsible overseeing Firm-wide collateral management, optimization and trading globally. Bank Resource Management FCO is a division within the Institutional Securities Group (ISG) that is responsible for the Firm’s securities financing transactions (including repo and securities lending), hedging of OTC derivative counterparty exposures, strategy and optimization of clearing relationships, and global collateral management.
The successful candidate will be based in London and be responsible for all collateral optimization activity in the EMEA Region. Critically, he/she will own and drive projects to improve Morgan Stanley’s Funding and Collateral business primarily by partnering with BRM globally, Sales and Trading, Operations, Technology, Legal and Finance ensuring the most optimal use of the firm’s assets in line with liabilities, revenue targets and optimization objectives

Key responsibilities of the role include:

Execution of Secured Financing Transactions
Cross-divisional collaboration with members of Securities Lending, Client Financing, Sales, Corporate Treasury, Prime Brokerage, and trading desks across FID and IED to monetize firm assets externally in secured financing transactions.
Risk Management & Pricing
Appropriately manage the risk profile of the term secured funding liability stack while hedging basis and currency risk. Have an in depth understanding of various funding structures and alternatives to execute cost effective liabilities in bespoke market. Manage Prime Brokerage funding profile to ensure compliance of both internal and external regulatory constraints.
Dynamic management of funding profile to optimize for current internal/external constraints, including SLR, LCR, NSFR, and CFP. Understanding how to optimize collateral taking into account balance sheet, RWA, and regulatory environment to drive reduced requirements and minimize financing cost.


Skills Required:

    Extensive background in Secured Funding and collateral management and optimization is required
    Trading experience is required. Strong interest in financial markets - particularly equity and fixed income financing markets (sec lending, repo, delta one) and short duration fixed income products (front end credit and rates)
    An understanding of key regulatory requirements and frameworks across the financing markets
    A core competency in project management and product delivery
    Competitive team player that measures success with results with strong interpersonal skills
    Strong attention to detail and ability to multi-task and work in dynamic environment
    Excellent analytical, oral and written communication skill. Strong presentation skills with ability to organize and deliver strategic initiatives
    Proficient in PPT, Excel, Bloomberg

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.

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees