MSSN Margin- Associate

Morgan Stanley • Baltimore, MD

3d

About The Position

We're seeking someone to join our team as an Associate in MSSN National Margin team group to be responsible for Monitoring the daily activities of cash and margin accounts to ensure compliance with the regulations of the Federal Reserve Board (Regulation-T), FINRA, and Morgan Stanley's own internal credit policies. 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 level position within Product Support & Services, which is responsible for providing transaction support and managing post execution processes. 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. At Morgan Stanley Baltimore, we support the Firm’s global Technology, Operations, Risk Management, Legal and Compliance, Internal Audit and Finance divisions. Morgan Stanley has been rooted in the Baltimore community since 2003. Our talented and diverse team is one of the largest in the U.S. outside of our New York headquarters and home to industry leading cybersecurity innovation with multiple patents and awards. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. There’s ample opportunity to move across the businesses for those who show passion and grit in their work. Interested in joining a team that's eager to create, innovate and make an impact on the world? What you'll do in the role: Execute processes/functions and/or support process management and project efforts, leveraging knowledge of the systems, markets and instruments that influence the team Recognize risk in day-to-day processes to draw out the key issues and contribute to process improvements Build relationships within team and internal stakeholders, sharing knowledge to contribute to team output Participate in projects and initiatives, aiding in solution formulation with a focus on timely execution Analyze accounts with credit and risk issues associated with risky trading strategies. Issue maintenance calls on accounts that fall below minimum margin requirements. File extensions with FINRA on open trades. Review and approve client requests for payments, transfer of assets within Morgan Stanley Wealth Management and transfer of assets to other financial organizations. Support the MSSN national margin service phone line taking inbound calls from branch personnel related to, but not limited to, cash available, buying power, option calculations, margin day trading, trade through violations and disbursement approvals. Review and maintain the accuracy of customer margin account records of securities purchased creating REG-T, House and FINRA calls. Interact with the branch management regarding the remediation of margin accounts requiring action due to market downturn exposures that create House and FINRA calls & deficit equity. Ensure that all customer accounts with outstanding regulatory exceptions are brought into compliance regarding retention house requirements, FINRA 4210, and Regulation-T. Conduct daily account surveillance activities and enforces sellouts and buy-ins with the Branch offices. Work on ad-hoc projects within the department. Prepare and present Margin presentations and reports to management as well as the Field. What you'll bring to the role: A bility to establish clear goals and priorities, and address non-standard issues within area of expertise with minimal guidance and supervision Subject matter expertise in business area supported, client requirements, and ability to ensure control is not compromised to comply with client requests

Requirements

• Ability to establish clear goals and priorities, and address non-standard issues within area of expertise with minimal guidance and supervision
• Subject matter expertise in business area supported, client requirements, and ability to ensure control is not compromised to comply with client requests
• Bachelor's Degree required
• Knowledge of Regulation T and FINRA rules.
• Knowledge of Equities, Fixed Income Products, and Options.
• High level of customer service.
• Strong problem solving and analytical skills.
• Ability to use appropriate analysis, judgment, and logic when solving problems & making decisions.
• Excellent teamwork, communication and presentation skill.
• Desire to work in a fast-paced Team Oriented environment.
• Ability to listen and communicate effectively with others both verbally and written.
• Ability to relate well with others and build relationships.
• Ability to work under pressure in a time sensitive environment.

Responsibilities

• Execute processes/functions and/or support process management and project efforts, leveraging knowledge of the systems, markets and instruments that influence the team
• Recognize risk in day-to-day processes to draw out the key issues and contribute to process improvements
• Build relationships within team and internal stakeholders, sharing knowledge to contribute to team output
• Participate in projects and initiatives, aiding in solution formulation with a focus on timely execution
• Analyze accounts with credit and risk issues associated with risky trading strategies.
• Issue maintenance calls on accounts that fall below minimum margin requirements.
• File extensions with FINRA on open trades.
• Review and approve client requests for payments, transfer of assets within Morgan Stanley Wealth Management and transfer of assets to other financial organizations.
• Support the MSSN national margin service phone line taking inbound calls from branch personnel related to, but not limited to, cash available, buying power, option calculations, margin day trading, trade through violations and disbursement approvals.
• Review and maintain the accuracy of customer margin account records of securities purchased creating REG-T, House and FINRA calls.
• Interact with the branch management regarding the remediation of margin accounts requiring action due to market downturn exposures that create House and FINRA calls & deficit equity.
• Ensure that all customer accounts with outstanding regulatory exceptions are brought into compliance regarding retention house requirements, FINRA 4210, and Regulation-T.
• Conduct daily account surveillance activities and enforces sellouts and buy-ins with the Branch offices.
• Work on ad-hoc projects within the department.
• Prepare and present Margin presentations and reports to management as well as the Field.

Benefits

• Medical
• Prescription Drug
• Dental
• Vision
• Health Savings Account
• Dependent Day Care Savings Account
• Life Insurance
• Disability and Other Insurance Plans
• Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually)
• 10 Paid Holidays
• 401(k)
• Short/Long Term Disability

What This Job Offers

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