Operations Associate - Parametric
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 over 30 years, partnering with advisors, institutions, and consultants. This role is part of Parametric's hybrid working model, requiring 3 days in the office per week. The operations department ensures the smooth and effective functioning of Parametric's business through daily production, workload evaluation, and service provision. The SMA Reconciliation Operations Associate is responsible for the timely and accurate reconciliation of portfolios, resolving discrepancies with custodians, and handling client and third-party reporting. The ideal candidate is a self-starter with exceptional attention to detail and the ability to work independently under tight deadlines. The expected shift is approximately 8:30 AM - 5:00 PM EST.
Requirements
- Bachelor's (4yr) degree w/ concentration in Finance, Accounting, or related area of study
- 4+ years of work experience in Financial Services
- Competent in Microsoft Office programs (Outlook, Word, Excel)
- Exceptional interpersonal skills
- Must have strong professionalism and communication skills
- Ability to work independently without direct supervision
- Well organized, self-starter with the ability to analyze information
- Displays high attention to detail, accuracy, and thoroughness
- Ability to plan, prioritize, and meet deadlines
Nice To Haves
- Experience with VBA and Excel macros or other technology a plus
- Working knowledge of account reconciliation processes is a plus
- Advent APX & SQL experience a plus
- Alteryx experience/certification a plus
Responsibilities
- Reconciling client portfolios against custody statements/downloads/websites
- Resolving variances in a timely manner
- Ability to understand risk and to escalate as appropriate
- Documentation of written processes and procedures
- Must be comfortable working with large datasets in MS Excel. Must be able to manage and organize datasets of 100,000+ rows of data. Must be an expert at basic Excel functionality (copying, pasting, setting up different views, sorting, and similar functionality)
- Analyzing corporate action events and when necessary entering transactions into the accounting system
- Record Keeping/Maintenance of client records and files
- Internal and External Reporting
- Communicating with a variety of internal and external parties to effectively resolve issues
- Resolves issues proactively with a sense of urgency
- Ability to manage in a high volume, fast-paced environment with strict deadlines
- Identifying opportunities for process improvements and proposing/implementing solutions
- Leading innovation projects, setting & meeting deadlines
- Analyzing risk and developing mitigation strategies
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
