Director (AVP) - Alternative Investment Services Hedge Fund Portfolio Accounting Operations

Morgan Stanley • West Conshohocken, PA

4d

About The Position

We're seeking someone to join our team as an Alternative Investment Services (AIS) Hedge Fund Portfolio Services Director in IM Operations to be responsible for operational and portfolio management support activities for a global hedge fund program across primary investing, co-investing, secondaries, and loans. This position will also involve developing and maintaining external relationships with business stakeholders and third-party service providers to ensure proper support for the portfolios.

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. This is a Team Specialist position at Director level within Product Support & Services, which is responsible for providing transaction support and managing post execution processes.

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.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

Requirements

• Ability to lead by example, work with drive and determination, and put forward challenging views to senior levels
• Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team
• Ability to operate independently across the majority of day-to-day responsibilities
• Culture carrier across Operations, embracing the Firm's core values and acting as a role model
• Front-to-back knowledge of the processes, projects, systems, markets and instruments that influence their team with a comprehensive understanding of job-related operational/compliance policies and procedures
• Ability to think commercially, understand the impact of initiatives, risks on the operational budget
• Ability to address non-standard issues within area of expertise
• Bachelor's degree, or equivalent, in Accounting, Finance, or related business field is required for this role
• Prior experience in hedge fund investment accounting is required for this role
• At least 4 years' relevant experience would generally be expected to find the skills required for this role

Nice To Haves

• Knowledge of private equity fund accounting and/or derivatives, or experience with Investran, Alteryx, Power BI, and / or UI Path is a plus.

Responsibilities

• Serve as a subject matter expert within functional area, working with Team Manager to manage processes, risks and/or projects, proposing and implementing improvements/changes
• Act as key problem solver for area or expertise, applying detailed knowledge to address unique or novel situations, recognize risks and draw out key issues
• Develop a significant level of expertise of the holdings, terms and transactions of multiple portfolios to provide intuitive and proactive oversight of these portfolios
• Oversee third-party service providers in posting activity to the portfolios' general ledger and maintaining portfolio activity in AIS's parallel portfolio accounting system, Investran
• Sign-off on portfolio net asset value and performance-based information and verify the accuracy of investor capital account balances
• Prepare performance and management fee calculations for portfolios based on terms as defined in their governing documents
• Work alongside portfolio management teams in support of portfolio management activities including investment valuation, cash management, investor capital activity, and other ad hoc requests

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director