Trade & Client Operations Director

Morgan Stanley•Baltimore, MD

11d•$93,000 - $140,000

About The Position

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, driving strategic automation solutions by embracing a transformation mindset and challenging the status quo. This is a Director, Advanced Specialist position at the P4 job level within Core Services, which is responsible for performing and managing product-agnostic and centralized operational services across several businesses and products. 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. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. What you'll do in the role: The Balance & Control team of Wealth Management Operations is a responsible for the integrity of the Firm's books and records through the reconciliation of the security ledger (Stock Record) and the cash sub-ledgers that roll into the General Ledger. The team is in need of additional, specific subject matter expertise to assist in the interpretation and application of FINRA rules as team reconciliations and position and balance monitoring affect Financial Reporting Group calculations for capital charges.

Requirements

5+ years of experience
Familiarity with current challenges in Financial Services institutions
Keen attention to detail with a methodical approach to root-cause analysis and problem solving
Effective organization and communication skills
Demonstrated ability to adapt quickly and engage stakeholders at all experience levels
Ability to multitask, prioritize, and act in a fast-paced environment
Strong interest in process improvement, automation, and system enhancements
Desire to lead and learn continuously

Responsibilities

Serve as a subject matter expert within functional area, working with Team Manager to manage processes, risks and/or projects, proposing and implementing improvements/changes
Act as key problem solver for area or expertise, applying detailed knowledge to address unique or novel situations, recognize risks and draw out key issues
Fully review and analyze the daily submission to the Financial Control Group for balances that contribute to the Customer Reserve (SEC Rule 15c3-3) calculation.
Streamline the performance and reporting of current reconciliations with emphasis on the impact of aged breaks, escalating exceptions with market value exposure, and gained efficiencies within each reconciliation process.
Leverage knowledge of SEC Rule 15c3-1 and 15c3-3 and apply to the review and reporting of suspense, control, clearance and location account position and balances.
Review daily reconciliation exceptions and account balances as well as limit month end balances included in the Operations FOCUS report.
Provide complete and clear commentary for all related balances included in the FOCUS report.
Communicate and escalate, in writing and in person, processing issues and exceptions to various team managers and senior management.
Balancing cash, currency and security activity at domestic and international clearing utilities and agent banks
Balancing Trade blotter activity
Preparing reconciliations and explanations of month end Operations FOCUS reportable balances for related 15c3-3 and 15c3-1 capital charges.

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 X Vacation Days annually)
10 Paid Holidays
401(k)
Short/Long Term Disability