FID Business Control Unit - Executive Director (Paris)
Morgan Stanley
Paris, France
Posted on Oct 3, 2024
3260071 - FID Business Control Unit – Executive Director (Paris)
Department Profile
The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading
From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
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. We 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.
Role & Team Overview
FID is looking for an experienced expert to run FID BCU (Business Unit Control) for Continental Europe. The role is based in Paris.
The Business Control Unit (BCU) within the Fixed Income Division (FID) is the function that manages non-trading risk, including the Division’s non-financial risk (NFR). These NFRs include, but are not limited to, operational risk, compliance/conduct, regulatory & audit, sales/product governance, transactional risk. The BCU’s purpose is to engage in the identification, assessment, monitoring, reporting, and mitigation of such risks consistent with Firm guidelines with respect to the legal entities and jurisdictions in which FID operates. The role is expected to provide advice, decision-making and action with respect to certain transactions and other matters that have a relevant FID risk element. As a front office risk management team, FID BCU partners with our FID business stakeholders, the ISG Central Risk Team, as well as the infrastructure groups and second line control functions to establish and maintain an effective risk management program that is appropriately tailored to FID’s risk profile. The team has a global presence including in New York, London, Hong Kong, and Tokyo.
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What will you be doing?
- The focus is on FID NFR in Europe, particularly Paris FID sales and trading activities and European regulatory compliance.
- Work with the global FID BCU team to identify risks, define controls, implement key non-financial risk metrics and assessing the effectiveness of the control environment.
- Act as the primary interface with key members of FID Management in Europe and provide regular updates on the status of risk and controls.
- Analyze a process and recommend ways to improve quality, controls, and efficiency.
- Work with FID desk managers to resolve risk issues.
- Deliver and monitor of key risk/management indicators and produce management reporting.
- Provide expert support and advice to business units on risk identification and issue management.
- Lead issue-specific cross-functional teams to ensure successful completion and to evidence same.
Skills that will help you in the role
- Strategic thinker with experience coordinating and collaborating with multiple stakeholder groups, including senior Firm and FID management.
- Self-confident leader possessing a collaborative and participatory management style and strong work ethic.
- Experience with meeting critical deadlines, as well as tracking and driving execution.
- Ability to balance multiple priorities in a fast-changing environment.
- A skilled and confident communicator, both written and verbal, with an ability to influence others at all levels.
- Strong attention to detail and organization skills
- Professionalism, sensitivity, sound judgment and discretion.
Qualifications required
- Extensive experience in the financial industry either in a business unit (sales, trading, etc.) or 2nd Line legal, regulatory, compliance or other risk management functions. This may include experience in a business unit (e.g. COO, trader, etc.).
- Previous Fixed Income experience a strong plus.
- Previous experience operating at director or executive director (as defined by MS) level.
- Bachelor’s degree required.
Flexible work statement
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.
Internal Applicants
Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.
Equal opportunities statement
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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. #LI-KF1