PBO Balance & Control- Operations Associate

Morgan Stanley•Baltimore, MD

10d

About The Position

The PBO Balance and Control team serves as an independent team which performs reconciliation, quality control, regulatory monitoring and reporting across the Private Banking Operations Department. We work as business partners to the processing teams including Lending and Banking. Coverage includes performing daily, weekly, and monthly reconciliations to identify open and aged exceptions which require remediation from the account owners. Additionally preparing reports, dashboards, metric reporting and performing analysis on report exceptions. The team also helps to support Internal/External audit requests and Regulatory (FOCUS) reporting. Balance and Control has the key responsibility of ensuring completeness of books and records, accuracy of controls and procedures across the departments for products that impact client and firm relationships and associated risks including regulatory, financial, and reputational.

Requirements

Intermediate working knowledge of Outlook, Word, and Excel
Ability to create, modify, and troubleshoot Excel Macros
Working knowledge of SharePoint
Proven proficiency in problem resolution and demonstrated initiative
Excellent organizational / time management skills to succeed in a high-pressure / fast paced environment
Professional oral and written communication skills
Superior attention to detail
Strong research / analytical, and math skills
Able to prioritize and multi-task
Creative thinker to reengineer some of the current manual workflow processes including Macro development

Nice To Haves

Attention to details / strong research / analytical, and math skills
Intermediate working knowledge of Outlook, Word, and Excel
Able to prioritize and multi-task

Responsibilities

Prepare, monitor, analyze and distribute daily reports
Coordinate reports and correspondence for exception items that require remediation and/or escalation
Work closely with the product lines to ensure their operational and procedural requirements are followed
Prepare and distribute daily, weekly, monthly, or quarterly key performance metrics
Oversee control functions performed by offshore teams to ensure accuracy and completeness
Ensure that escalation procedures are followed
Provide necessary information for auditors during internal and external exams
Identify existing and potential risk, and work with other areas to minimize or eliminate the risk

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