Gain/Loss Operations Associate

Morgan Stanley•South Jordan, UT

About The Position

The US Tax Operations team handles reporting obligations for Morgan Stanley’s Wealth Management and Institutional clients and ensures compliance with IRS regulations. The Gain & Loss department maintains cost basis records and provides Gain/Loss reporting for assets held in Wealth Management customer accounts. The team works with operations teams across the organization, handles related queries, reconciles discrepancies between processing systems, ensures accurate regulatory reporting (including cost basis and withholding), and supports requirements and testing for strategic platform initiatives. The department has a strong focus on automation, collaborating with technology teams and using Alteryx, UI Path, and EUC tools to improve efficiency and reduce risk when systemic solutions are not immediately available. This is an Associate position at the Associate P2 job level within Core Services, which performs and manages centralized, product-agnostic operational services across businesses and products. The US Tax Operations team is primarily located in Utah, with additional coverage in New York and India.

Requirements

Ability to work independently and effectively within a team environment.
Excellent time management, interpersonal, and problem-solving skills.
Ability to manage multiple projects concurrently and prioritize effectively to meet tight, enforced operational and annual deadlines.
Attention to detail and quality of work.
Ability to consistently exercise sound and decisive judgment.
Commitment to personal development.
Bachelor’s degree in a business field and/or experience in the financial industry.
Understanding of general accounting principles as they apply to the industry.
Understanding of general process controls, with knowledge of databases, spreadsheet applications, and data modelling, including Microsoft Excel, Access, and other Office applications.
Superior oral and written communication skills.
Must be legally authorized to work in the United States and must not require employment visa sponsorship now or in the future.

Responsibilities

Maintain cost basis records for assets held in Morgan Stanley Wealth Management customer accounts.
Provide Gain/Loss reporting.
Handle queries related to tax operations.
Reconcile discrepancies between various processing systems.
Ensure the accuracy of regulatory reporting, including cost basis and withholding.
Support requirements and testing for strategic platform initiatives.
Work with technology teams and use automation tools to improve efficiency and reduce risk.