Fixed Income Division, Municipal Securities Coo, Executive Director / Vice President

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

The Fixed Income Division (FID) is comprised of Interest Rate and Currency Products, Credit Products, Securitized Products, and Municipal Securities. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets.

Position Description

The leadership team across Municipal Securities is looking for a strategic and highly motivated professional to join the team as the COO for Municipals to support strategic decision-making and help drive growth initiatives across the group. We are currently seeking interested VP and ED level candidates to join the team based in New York. The successful person will work closely with the business head in Municipal Securities along with members of the Credit Complex COO team.

Morgan Stanley’s Municipal Securities group is comprised of Public Finance underwriting and syndicate, Sales and Trading, and Capital Solutions structuring, lending and client financing. This is a complex and growing portfolio of businesses within Morgan Stanley that serve a wide range of clients.

The role requires background knowledge in Municipal products, and a keen interest in the strategy and operations of the Fixed Income business.

Primary Responsibilities

• Understand and review capital and returns for the businesses
• Support the Business heads in Municipal Securities driving business planning, business strategy and key priorities
• Analyze and present performance metrics and key initiatives
• Identify and mitigate non market risk factors, work with the 2nd line and internal audit to design process and controls for the business
• Create meaningful analysis to aid management’s strategic decisions
• Assist in the management of IT priorities and projects

Qualifications

Skills Required:

• Quantitative Skills
• Strong analytical and modelling skills
• Ability to think creatively and strategically, and thrive in a dynamic and often ambiguous work environment
• Ability to take ownership and drive strategic initiatives
• Strong communication skills: ability to summarize complex business problems and detailed analysis with clarity and brevity in written and oral form
• Experience with Market Risk, Credit Risk and Non Market Risks
• Background in Municipal products
• Pro-active and results oriented mind-set

Expected base pay rates for the role will be between $225,000 and $250,000 per year for Vice President and between $250,000 and $300,00 per year for Executive Director level, at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

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).

Posting Date

Apr 19, 2023

Primary Location

Americas-United States of America-New York-New York

Job

Investment Banking/Sales/Trading/Research

Employment Type

Full Time

Job Level

Executive Director