North American Security Settlements- Analyst/ Associate
About The Position
Morgan Stanley is seeking an Analyst/Associate to join the North American Security Settlements team within Firmwide Operations. The team manages clearance and settlement of Fixed Income and Equity securities across North American markets, facilitating the timely exchange of cash and securities while protecting the Firm from financial, operational, and regulatory risk. Its coverage includes DTC, U.S. Treasury and Agency settlement, Canada, LATAM, Prime Brokerage, physical settlements, buy-ins, and regulatory close-out activities. The role provides front-to-back exposure to the trade lifecycle and opportunities to develop expertise across market infrastructures and contribute to strategic initiatives modernizing the settlement operating model. The successful candidate will help maintain accurate books and records, resolve settlement issues, monitor exposures and risks, perform controls and reconciliations, and support process improvement and transformation efforts.
Requirements
- Strong analytical, problem-solving, and decision-making skills.
- Ability to work effectively in a fast-paced, deadline-driven environment.
- Excellent attention to detail and strong risk awareness.
- Strong verbal and written communication skills.
- Ability to manage multiple priorities while maintaining accuracy.
- Strong teamwork and stakeholder management capabilities.
- Proficiency with Microsoft Excel, Word, and PowerPoint.
- Ability to identify issues, assess risk, and escalate appropriately.
Nice To Haves
- Basic understanding of accounting principles and financial markets.
- Understanding of the securities trade lifecycle and front-to-back operational processes.
- Knowledge of Equity and/or Fixed Income products.
- Familiarity with DTC, Fedwire, Canadian, or international settlement markets.
- Experience with data analysis, process improvement, automation, or operational transformation initiatives.
Responsibilities
- Manage settlement of Fixed Income and Equity transactions across North American markets, ensuring timely settlement and accurate books and records.
- Investigate and resolve settlement exceptions, failing trades, breaks, and discrepancies with internal and external counterparties.
- Partner with Trading, Prime Brokerage, Operations, Technology, Compliance, Risk Management, Agent Banks, Custodians, and Depositories to facilitate successful settlement outcomes.
- Monitor settlement exposures, identify potential financial, franchise, or regulatory risks, and escalate issues appropriately.
- Perform daily controls and reconciliations to ensure internal records align with depository, custodian, and agent records.
- Analyze operational trends and risk indicators, including settlement fails, breaks, mismatches, aging items, and critical deadlines.
- Contribute to automation, reporting, and platform modernization initiatives to improve efficiency, scalability, transparency, and control effectiveness.
- Develop product, market structure, and process expertise and build relationships across Operations and business stakeholders.
- Identify opportunities for process improvement and operational excellence.
Benefits
- Medical insurance
- Prescription drug coverage
- Dental insurance
- Vision insurance
- 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
- 20 vacation days annually
- 10 paid holidays
- 401(k)
- Short- and long-term disability
- Other employee perks
- Potential eligibility for annual discretionary incentive compensation and a business-unit incentive compensation plan that may include a discretionary bonus
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
