Asset Servicing Associate

Morgan Stanley•Baltimore, MD

16h•$51,000 - $82,500

About The Position

We're seeking someone to join our team as an Asset Servicing Associate in WM Operations to serve as a subject matter expert in regards to Corporate Actions for Morgan Stanley Wealth Management and to provide exceptional service for Morgan Stanley Advisors, their Support staff, and other Operational counterparts. In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world. The ability to ensure timeliness and quality of corporation action announcements; generating appropriate bookkeeping entries for entitled holders, reconciliation and resolution of residual differences. What you'll do in the role: - Process transactions/tasks within coverage area - Respond to client requests with accuracy and speed, ensuring compliance with all policies and procedures - Follow escalation framework, taking responsibility for identifying, escalating and preventing issues - Raise issues, question others and offer solutions/ideas - Risk analysis and mitigation, assisting in process improvement initiatives, process documentation, compilation and distribution of various management and regulatory reports. responsibilities and/or edit the above bullets points which have been provided as a guide per JA Tier by Operations Mgmt. Keep bullets brief and impactful, starting with a present tense verb. Alternatively, leave this section as is to finalize with Recruiter.] > Strong written and oral communication skills > Strong interpersonal and service skills > Data Integrity and Validation (ability to identify anomalies and potential risk) > The individual should understand process drivers and elements of risk inherent to specific processes. Works to augment and enhance technical skills as needed. > Client impact: An understanding of how an individual's processes impact the overall client experience. Provides input in defining client needs and implements solutions. Correspondence to client inquiries (both internal and external clients) occurs in a timely and professional manner. > Communication Skills: The ability to express ideas clearly, demonstrating the capacity to communicate effectively both verbally and in writing. > Ownership and initiative: The ability for an individual to work independently without supervision. Is accountable for individual assignments and element of team results. Possess the ability to create and implement ideas that lead to positive change. Seeks involvement on projects/responsibilities outside immediate scope of responsibilities. > Critical thinking and active learning: Ability to identify basic problems and establish new solutions. Taking ownership of one's career by supplementing knowledge and skills both on the job and in the classroom. > Efficiency and teamwork: The ability to complete tasks in a timely and accurate manner, utilizing available tools to expedite the process. Contribute analytical capability and/or knowledge and experience to problem resolution and idea generation. > Working knowledge of Morgan Stanley systems and policies > In-depth knowledge of Asset Servicing processing routines, systems, and methods for all functions. > Sound reconciliation, specifically relating to general ledgers and analytical skills with understanding of systems dependencies and downstream financial impact. - At least 0-2 years' relevant experience would generally be expected to find the skills required for this role WHAT YOU CAN EXPECT FROM MORGAN STANLEY: At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Salary range for the position: $51,000.00 - $82,500.00/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, 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 and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings. 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).

Requirements

Strong written and oral communication skills
Strong interpersonal and service skills
Data Integrity and Validation (ability to identify anomalies and potential risk)
The individual should understand process drivers and elements of risk inherent to specific processes. Works to augment and enhance technical skills as needed.
Client impact: An understanding of how an individual's processes impact the overall client experience. Provides input in defining client needs and implements solutions. Correspondence to client inquiries (both internal and external clients) occurs in a timely and professional manner.
Communication Skills: The ability to express ideas clearly, demonstrating the capacity to communicate effectively both verbally and in writing.
Ownership and initiative: The ability for an individual to work independently without supervision. Is accountable for individual assignments and element of team results. Possess the ability to create and implement ideas that lead to positive change. Seeks involvement on projects/responsibilities outside immediate scope of responsibilities.
Critical thinking and active learning: Ability to identify basic problems and establish new solutions. Taking ownership of one's career by supplementing knowledge and skills both on the job and in the classroom.
Efficiency and teamwork: The ability to complete tasks in a timely and accurate manner, utilizing available tools to expedite the process. Contribute analytical capability and/or knowledge and experience to problem resolution and idea generation.
Working knowledge of Morgan Stanley systems and policies
In-depth knowledge of Asset Servicing processing routines, systems, and methods for all functions.
Sound reconciliation, specifically relating to general ledgers and analytical skills with understanding of systems dependencies and downstream financial impact.
At least 0-2 years' relevant experience would generally be expected to find the skills required for this role

Responsibilities

Process transactions/tasks within coverage area
Respond to client requests with accuracy and speed, ensuring compliance with all policies and procedures
Follow escalation framework, taking responsibility for identifying, escalating and preventing issues
Raise issues, question others and offer solutions/ideas
Risk analysis and mitigation, assisting in process improvement initiatives, process documentation, compilation and distribution of various management and regulatory reports

Benefits

Medical
Prescription Drug
Dental
Vision
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 and 20 Vacation Days annually)
10 Paid Holidays
401(k)
Short/Long Term Disability