Gain/Loss Operations Associate

Morgan Stanley•New York, NY

2d•$65,000 - $102,500

About The Position

The US Tax Operations team handles all reporting obligations for the Firms Wealth Management and Institutional clients, and is responsible for ensuring compliance with the IRS regulations. The team is primarily located in Utah with additional coverage in New York and India. The Gain & Loss department maintains cost basis records and provides Gain/Loss reporting for assets held in MS and ETRADE Wealth Management customer accounts. The Tax teams work closely with cross-organizational operations teams, handle related queries, reconcile discrepancies between various processing systems, ensure accuracy of regulatory reporting (e.g. cost basis and withholding), and support requirements and testing of strategic platform initiatives.

Requirements

Bachelors 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 database, spreadsheet applications, and data modelling, including Microsoft Excel, Access and other Office applications
Superior Communication Skills, both oral and written.
Ability to work independently well within a team environment
Excellent Time Management, Interpersonal, and Problem-Solving Skills
Ability to concurrently manage multiple projects, and prioritize effectively to meet tight and enforced Operational and annual deadlines for the firm
Attention to detail and quality of work
Ability to consistently exercise sound and decisive judgment
Commitment to personal development.

Responsibilities

Handle all reporting obligations for the Firms Wealth Management and Institutional clients.
Ensure compliance with IRS regulations.
Maintain cost basis records and provide Gain/Loss reporting for assets held in MS and ETRADE Wealth Management customer accounts.
Work closely with cross-organizational operations teams.
Handle related queries.
Reconcile discrepancies between various processing systems.
Ensure accuracy of regulatory reporting (e.g. cost basis and withholding).
Support requirements and testing of strategic platform initiatives.