Wealth Management Operations Associate

Morgan Stanley•Baltimore, MD

14d•$62,000 - $83,000

About The Position

We're seeking someone to join our team as a Operations Associate role in Wealth Management's Capital Markets & Core Processing division. Candidate with be part of the Balance & Control team responsible for various Cash and Position reconciliations. Examples include Agent Bank Securities, DTCC, and others. This is an Associate professional position at the P2 level within Core Services, which is responsible for performing and managing product-agnostic and centralized operational services across several businesses and products. 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. 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. Daily the team oversees and interacts with all of the various Operations Core processing teams through the balancing of assigned accounts, overseeing exception reporting, monitoring and tracking root cause of exceptions, recommending resolutions and ensuring risk controls are being properly applied.

Requirements

Basic understanding of brokerage clearance and settlement process
Basic accounting (credit and debits) knowledge
Analytical Skills, able to perform root cause analysis.
Proficient in Microsoft excel skills, be able to perform v-look-up and pivot table.
Organization skills, knowing how to prioritize their daily tasks and communicate if deadlines are at risk of being missed.
Able to articulate thoughts and ideas clearly and concisely using both written and verbal.
Able to recognize when to escalate to Management.
College Degree and Financial Industry Knowledge
Financial industry product knowledge (Clearance & Settlement)
Basic knowledge of applicable compliance rules and regulations (15c3-3)
Proficient in Microsoft Excel, Word, and Power-Point
Ability to interact and communicate effectively with colleagues and clients
Excellent written and verbal communication skills

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