Operations Associate - Parametric

Morgan Stanley • Boston, MA

7d • $70,000 - $140,000 • Hybrid

About The Position

Morgan Stanley is a leading global financial services firm. Parametric, part of Morgan Stanley Investment Management, is a leader in custom solutions for more than 30 years, helping investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios. This role is part of Parametric's hybrid working model, which includes working in the office 3 days a week and choosing to work remotely or in the office the remaining days of the week. The operations department focuses on the overall operations of Parametric, ensuring the production process is complete from start to finish and aligns with the goals and functions of other departments within the firm. The Trade Settlement Operations Associate is responsible for ensuring timely and accurate settlement of domestic and international trade activity. This entails working closely with external brokers and custodians, as well as internal stakeholders, to quickly identify and resolve trades that are at risk of failing. The expected shift is approximately 10:30 AM - 7:30 PM EST, allowing for close of day activities to match trades, resolve issues, and mitigate risk. This associate will work on a cross-functional team of other middle-office associates, so the ability to multi-task and be flexible is paramount.

Requirements

• Bachelor’s degree. Concentration in business administration, finance, or accounting preferred.
• 4+ years of work experience in Financial Services, wealth or investment management preferred
• Competent in Microsoft Office programs, strong Excel skills necessary
• APX and Bloomberg experience a plus
• Must have strong professionalism and communication skills
• Displays excellent organization, time management and planning skills
• Ability to manage multiple tasks effectively
• Displays high attention to detail, accuracy, thoroughness and thoughtfulness.
• Commitment to meeting identified quality and efficiency standards.
• Working knowledge of the settlements process and the lifecycle of a trade is a plus
• Knowledge of DTCC Alert, CTM, TradeSuite and SWIFT messaging or other relevant systems preferred

Responsibilities

• Research and resolve complex problems relating to country specific trade and settlement issues.
• Ability to self-manage in a high volume, fast-paced environment with strict deadlines.
• Settling trades for over 200,000+ accounts and trade volumes of an average daily range of 500,000+.
• Responsible for the entire post trade process, including transmission of trades to counterparties, matching/confirmation/affirmation of trades, and resolution of exceptions.
• Coordinate daily with counterparties and third-party vendors to expedite timely settlement of trades.
• Evaluate and improve existing operational processes and procedures to reduce risk and increase efficiency.
• Aware of broader market events that could impact trading and settlement.
• Effectively communicate issues and challenges to larger team.
• Contribute to the creation and maintenance of written procedures.
• Maintain day-to-day relationships with a wide range of brokers, custodians, and vendors.
• Recordkeeping/maintenance of client/broker records and files.
• Perform daily and monthly audits as required.
• Participate in technology development efforts as needed.
• Work independently with minimal supervision.
• Other duties as assigned.

Benefits

• Ample opportunity to move about the business for those who show passion and grit in their work.
• Attractive and comprehensive employee benefits and perks in the industry.

What This Job Offers

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