We're seeking someone to join our team as a VP Department Manager to lead the support Securities Settlements team In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is a Department Manager position at the P5 job level within Global Securities Settlements which is responsible for performing securities settlements across several businesses and products.
The VP will lead a significant portion of the Americas Securities Settlements organization, with responsibility for DTC settlements and associated regulatory and operational risk. The individual will lead a team of 14+ employees in Baltimore, together with offshore and vendor resources supporting the Americas.
The role is accountable for managing firm risk through controls governing settlement fails, breaks and inventory management, maintaining compliance with applicable settlement regulations (regsho/204/Reg T), advancing the settlements transformation agenda, and leading an experienced operations team. The position has significant engagement across business lines, including direct partnership with Prime Brokerage, Fixed Income and Equities.
What you'll do in the role:
- Set the vision for the direction of your team in conjunction with global peer group ensuring consistent execution, strong control framework, business enablement and process adherence within all local regulations
- Take responsibility for talent acquisition, developing a bench of talent, and creating a plan for succession
- Run the operation as a business by considering client service needs, cost effectiveness and the department's automation and efficiency agenda
- Partner directly with peers across Business Units and / or external stakeholders to provide input and execute on strategy and future state of their respective group
What you'll bring to the role:
- Can convey trust and confidence to influence stakeholders in the decision-making process to affect strategy and prepared to challenge where necessary
- Role model that advocates for your team, motivates and engages staff to achieve vision and inspire respect; supports and promotes the Firm's vision and values
- At least 10 years' relevant experience in securities settlements or a related Operations function, including experience managing or supervising a team.
- Solid working knowledge of US settlement processes, systems, and markets in addition to subject matter expertise in one or more key products/processes; as well as an understanding of the Firm, operations, market landscape, relevant topics, and development.
- Working experience with regSHO / 204 processes and associated risks.
- Sound risk and control mindset and good judgement without compromising control; ability to prioritize effectively against competing demands.
- Strong organizational and stakeholder management skills.
- Strong communication skills; ability to translate complex working processes, workflows, risk related analysis and impact into clear, tailored communications across stakeholders; strong interpersonal skills to build cross-divisional relationships.
- Ability to deliver on plans, complete next steps and resolve issues in a timely manner.
- A team player who supports and motivates colleagues, and promotes the Firm's vision and values.
- Proficiency in Excel, Word and PowerPoint as well as AI tools
Salary range for the position: $125,000.00 - $185,000.00/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.
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: $125,000.00 - $185,000.00/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.
