Fixed income manager job description

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
Internal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk-management processes. Auditors evaluate the adequacy and effectiveness of the firm's internal controls using a risk-based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm's compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry.
The team reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities to shareholders, while adhering to corporate-governance standards and legal and regulatory requirements.
Internal Audit is comprised of Business, Risk and Technology auditors. Business and Risk auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise.
QUALIFICATIONS
Primary Responsibilities
The Auditor's responsibilities include but are not limited to:
- Identify and assess areas of critical and high risks and evaluate the soundness of their controls as part of audits, continuous monitoring and closure verification work in order to formulate a point of view of the control environment
- Drive discussions and asks probing questions to further dialogue with senior business stakeholders to understand risk drivers, control state, and impact
- Plan and execute audits, continuous monitoring and closure verification work on sales, trading and support groups on time and within budgets. Provide guidance to junior staff as needed.
- Proactively monitors and address key metrics associated with audit plans, resources and issues and actions
- Manage and mentor junior staff

Skills required
- Good understanding of the operation of financial markets, financial instruments and strategies
- Demonstrates critical thinking by gathering and synthesizing information to form a basis for analysis and formulate a viewpoint
- Communicates with impact, able to state risk and issues concisely and articulates impact in a structured manner both written and verbally
- Applies knowledge of key regulations to influence audit work and understands the impact to the business line
- Ability to work independently and with a team on assignments, while multi-tasking and meeting deadlines
- 3 to 4 year university / college degree
Skills desired
- 8 years audit experience, primarily in financial markets
- Good understanding of key financial industry regulations and capital market related products in both fixed income and equities.
- Strong understanding of impact of counterparty risk associated with derivative transactions.
- Preferably AC, ACA, CPA, CIA or other accounting qualification
- Preferably CFA, FRM or other financial/risk qualification

**Job:** **Audit*

**Title:** *Internal Audit-Fixed Income-Senior Manager*

**Location:** *Maryland-Baltimore*

The Product Manager partners with both investments and distribution to promote and drive the growth of the business for AB. The Product Manager supports the efforts to serve as product champion for specific Fixed Income products, as well as focuses on various channels and/or regions to ensure advisor support, product advocacy and competitive insight.
Job Description

Specific responsibilities include but are not limited to:

Serve as first point of contact for Global Sales (Regional Consultants / Managers, Institutional Associates / Advisors, etc.) for the specific products, as assigned, but with broad exposure to the full array of fixed income strategies at AB. Partner with Investment Management to create and update a strong, consistent suite of core product marketing and client-service materials, in collaboration with marketing colleagues. In addition, seeks broad feedback from investment management and distribution to identify areas for improvement. Build a presence and deep understanding of the investment process, market outlook, and become a strong advocate for the services (e.g. Portfolio Specialist) Explain portfolio performance and positioning by conducting attribution and risk reports in coordination with the portfolio management team Create new sales ideas/ways to advocate product Understand overall region/channel strategies to communicate priorities to broader team and members of investment management Collaborate with the Global Product Management Team to define focus areas, business development initiatives, areas for training Support Learning & Development for regional training initiatives Assist on/review RFPs, and answer advisor/relationship manager questions on specific sales opportunities Identify areas for thought leadership that connect with product responsibilities In addition, the Product Manager is responsible for the following in their respective platform: Review and update prospecting decks, fact sheets and product overviews for products on the fixed income platform Write market commentary and updates Update internal sources (e.g. Salesforce, Sthe Loop, etc.); works with data team to ensure accuracy of database information Partner with RFP team to respond to inquiries Respond to incoming client inquiries and internal requests


Job Qualifications & Key Attributes

The ideal candidate should have:

Familiarity with fixed income instruments (including municipal bonds) and experience in the investment-management industry Interested in the capital markets, and finding creative ways to connect with our clients & prospects globally Ability to work effectively under pressure while multitasking, adhering to tight deadlines and maintaining strategic relationships with internal partners Excellent communication skills, highly detail-oriented and organized Marketing and messaging skills, with the vision to create and maintain a compelling story for the firm's fixed income business and individual products A team player with highly developed interpersonal skills, including collaboration, negotiation and consensus building A desire to interact with internal clients and to guide their product knowledge and support our sales efforts Current CFA or progressing towards preferred


Client Group Overview

The Client Group has a presence in the Americas, Europe, Asia and Australia, and is composed of five main areas:

Sales & Client Services works with financial intermediaries and institutions to offer diversified investment solutions that help clients build and preserve their wealth Business Development is a conduit to the firm's investment teams and supports our clients and internal business partners through investment-platform and product content, messaging, competitive analysis and education Product Strategy & Development designs, develops and manages the firm's global lineup of investment services and considers clients' evolving needs to identify new opportunities Marketing promotes the firm and its services by creating, packaging and distributing content and messaging to engage diverse audiences through digital platforms and initiatives, strategic campaigns, and events Business Transformation looks to evolve and scale our business, leveraging digital and data, to drive top-line growth and improve profitability


About AllianceBernstein

We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the globe. With over 3,700 employees across 51 locations operating in 25 countries, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work.

Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we want to support you in making your impact. If you're ready to challenge your limits and empower your career, join us!

People of color, women, and those who identify as LGBTQ people are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB's policies, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria.

#LI-SB1
Nashville, Tennessee

Fixed Income Exotics Model Validator - (220001NK) Description Jefferies Group LLC, the largest independent, global, full-service investment banking and capital markets firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.
Team
The primary mandate of Model Validation Team is to manage risk that arises from models used in the firm through its range of businesses-from models used for derivatives valuation to models used for risk management, liquidity, and capital computations. In addition to independently reviewing these classes of models for their validity, theoretical consistency and implementation accuracy, the team is also responsible to assess the risk associated with model choice, e.g., exposure to choice of model in various contexts such as pricing exotic options or in calculating capital.
Role
Jefferies is looking for a Vice President Quantitative Analyst to join their Model Validation function, reporting to the Global Head of Model Risk Management.
Key Responsibilities

Perform independent validation and approval of models, including raising and managing model validation findings
Conduct annual review and revalidation of existing models
Provide effective challenge to model assumptions, mathematical formulation, and implementation
Assess and quantify the fixed income model risk arising from model limitations to inform stakeholders of their risk profile and development of compensating controls
Contribute to strategic, cross-functional initiatives within the model risk team
Oversee ongoing model performance monitoring including benchmarking, process verification and outcome analysis performed by model developers
Communicate the results of model validation activities, model limitations and uncertainties to the key stakeholders and management

Qualifications

MSc or preferably PhD in a quantitative field (physics, mathematics, computer science, financial engineering, etc.)
Experience (at least 4 years) of validation and/or front-line development of derivatives pricing models at a leading financial institution
Strong derivative pricing skills a must (stochastic calculus, numerical techniques, coding in VBA/Python), ideally including a solid theoretical understanding of interest-rate product pricing models
Strong communication skills with the ability to find practical solutions to challenging problems
Teamwork and commitment a must

Qualifications At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity employer. We practice equal opportunity for all, and all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with qualified disabilities, as appropriate, under applicable law.

It is currently Jefferies' policy that in order to enter any Jefferies office or participate in any Jefferies or client event in person, all employees be fully vaccinated and with a booster against COVID-19, or if they are not fully vaccinated with a booster, then on the morning of each day, all employees must test negative for COVID-19. Your acceptance of an offer means that you will comply with this policy and any amendments. You will be advised by your manager of your anticipated schedule to be in the office.
Primary Location: US-New YorkJob: Risk ManagementOrganization: CorporateSchedule: Full-time Job Posting: Jun 27, 2022, 1:07:41 PM