IM Operations- Portfolio Recordkeeping Associate

Morgan Stanley•Boston, MA

28d•$80,000 - $156,000

About The Position

We are seeking an experienced and detailed-oriented Portfolio Accounting & Recordkeeping Associate to support and develop a best-in-class Portfolio Accounting function. 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 an Associate level position within the Core Services, which is responsible for performing and managing product-agnostic and centralized operational services across several businesses and products. This role will be responsible to ensure accurate, timely, and globally consistent portfolio accounting, valuation, and production of the official investment/performance book and record. This role sits within the Public Markets Middle Office and is pivotal to ensuring data accuracy, transparency, and operational readiness across the firm's investment operations in support of MSIM clients, investment teams and traders, reporting teams and other essential uses of middle office operations data. As the Portfolio Recordkeeping Associate, you would be responsible for the daily execution of accounting and recordkeeping processes across various investment strategies and asset classes. This role will be part of a global team in a follow the sun model, ensuring the integrity of the MSIM's start of day, end of day, and period close books and records. Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals. Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on…

Requirements

Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team
Ability to operate independently with respect to some job responsibilities
Culture carrier across Operations, embracing the Firm's core values
BS/BA degree required.
A minimum of 3 years of related experience, preferably in asset management with experience working in portfolio or fund accounting.
Experience across a broad spectrum of portfolio types: Separately Managed, Sub-advised, Funds (e.g. Mutual Fund, OIEC, etc..).
Exposure to middle office operations including but not limited to trade settlement, IBOR/ABOR, transaction lifecycle events across spectrum of asset class (equity, fixed, derivatives), cash and position reconciliation, performance reporting.
Experience with accounting systems; preferably Aladdin a plus
Experience with Microsoft Office products (outlook, excel, word, and PowerPoint)
Automation first mindset. Experience with implementing process improvements and transformation
Ideal candidate brings good judgment, detail oriented, the ability to prioritize multiple tasks, within team environment

Responsibilities

Execute complex processes and assist a Team Manager in coordinating processes, risks and/or projects in a Team Lead capacity
Recognize risk in day-to-day processes to draw out the key issues and leverage detailed knowledge to propose changes in process
Train others, allocate tasks and support with first line escalation where required
Share expert knowledge across the team, contribute to team output and development, building relationships across the Firm
Publish the official Aladdin Portfolio Asset Value on a monthly, in accordance with client and reporting SLAs, including performing all Quality Control (QC) checks to finalize and close the books.
Execute daily portfolio accounting and recordkeeping processes, ensuring all transactions (trades, income, accruals, corporate actions) and positions are processed timely, completely, and accurately.
Data integrity and validation ensuring complete, accurate, and timely start of day positions to support investment process, including start of day cash and projected cash to support investment teams.
Identify, research, and resolve exceptions to the accounting books of record (start of day, end of day, and period close) within established SLAs.
Provide subject matter support for Aladdin Accounting transaction, position, and valuation data.

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