Gain/Loss Operations Associate

Morgan Stanley•South Jordan, UT

About The Position

The Gain/Loss Operations Associate is part of Morgan Stanley’s US Tax Operations team within Core Services. The team handles tax reporting obligations for 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 Morgan Stanley Wealth Management customer accounts. The team works with cross-organizational operations groups, responds to related queries, reconciles discrepancies across processing systems, ensures the accuracy of regulatory reporting such as cost basis and withholding, and supports requirements and testing for strategic platform initiatives. The department focuses on automation and works with technology to improve efficiency and reduce risk using Alteryx, UI Path, and EUC tools when immediate systemic solutions are unavailable.

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 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 applied to the industry.
Understanding of general process controls.
Knowledge of databases, spreadsheet applications, and data modeling, 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 and provide Gain/Loss reporting for assets held in Wealth Management customer accounts.
Work with cross-organizational operations teams and handle related queries.
Reconcile discrepancies between processing systems.
Ensure accuracy of regulatory reporting, including cost basis and withholding.
Support requirements and testing for strategic platform initiatives.
Use automation tools to improve efficiency and reduce risk when systemic resolutions are not immediately available.