North American Security Settlements- Analyst/ Associate

Morgan Stanley•Baltimore, MD

About The Position

Morgan Stanley is seeking an Analyst/Associate to join its North American Security Settlements team within Firmwide Operations. The team clears and settles 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. The function supports 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 the opportunity to build expertise across multiple market infrastructures. The successful candidate will also contribute to strategic transformation initiatives modernizing the settlement operating model.

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 the 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 while building 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
Annual discretionary incentive compensation award may be available
Participation in the relevant business unit’s incentive compensation plan, which may include a discretionary bonus