WM Escheatment Operations- Associate

Morgan Stanley•Baltimore, MD

2d•$51,000 - $83,000•Onsite

About The Position

We're seeking someone to join our team as an Associate in WM Escheatment Operations to collaborate with the branches and key stakeholders across multiple businesses to ensure timely reporting and delivery of eligible accounts and respective assets to the states in accordance with state escheatment guidelines. Escheatment Operations manages three key escheatment campaigns across Spring, Summer and Fall. 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. This is an Associate level position level position within the Client Service & Relationship Management, which is responsible for managing internal and external client relationships. We do this by engaging in client service activities, optimizing the client experience, and managing vendor/external business partner relationships. 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. Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on...

Requirements

Ability to establish clear goals and priorities, and address non-standard issues within area of expertise with minimal guidance and supervision.
Subject matter expertise in business area supported, client requirements, and ability to ensure control is not compromised to comply with client requests.
Culture carrier across Operations, embracing the Firm's core values.
Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team.
Collaboration and teamwork skills and experience, including strong interpersonal skills.
Organizational skills, with strong attention to detail, and the ability to manage multiple deadlines.
Demonstrate critical thinking, organizational, and problem-solving skills.
Ability to analyze large datasets.
At least 2 years' relevant experience.

Nice To Haves

Knowledge of unclaimed property regulations and SEC 17ad-17 is welcomed.

Responsibilities

Ensure timely reporting and delivery of eligible accounts and respective assets to the states in accordance with state escheatment guidelines.
Manage three key escheatment campaigns across Spring, Summer and Fall.
Partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships.
Manage internal and external client relationships.
Engage in client service activities, optimizing the client experience.
Manage vendor/external business partner relationships.
Identify and escalate potential process anomalies to management in a timely manner.

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