Wealth Management Operations Associate

Operations Associate

We're seeking someone to join our team as an Operations Associate role in Wealth Management's Capital Markets & Core Processing division. The candidate will 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 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. Basic understanding of brokerage clearance and settlement process, Basic accounting 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, and Able to articulate thoughts and ideas clearly and concisely using both written and verbal. Able to recognize when to escalate to Management.

Education and / or Experience : College Degree and Financial Industry Knowledge. Knowledge / Skills : 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, and Excellent written and verbal communication skills.

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

Salary range for the position : $62,000.00 and $83,000.00 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including 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), and Short / Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).