Morgan Stanley
Wealth Management Asset Servicing Analyst
Morgan Stanley, Baltimore, Maryland, United States, 21201
Wealth Management Asset Servicing Analyst
Capital Markets Core Processing is a team of dedicated professionals servicing Morgan Stanley's Wealth Management Clients through Trade Processing, Clearing, Settlement and Asset Servicing. CMCP encompasses two functionally aligned organizations. The first, Trading & Client Operations, provides Operational functions in direct support of client activity executed across our Capital Markets Business Unit. The second, Clearing Operations, provides Operations functions in direct support for activity cleared by Morgan Stanley Smith Barney on behalf of our clients. The broad organization partners closely with Capital Markets and National Sales to develop and implement new products and services as well as drive efficiency and reduce risk in our processes. At all times we are focused on delivering quality service to clients both internal and external. CMCP partners closely with Client Service Operations, Banking Operations as well as Branch Operations and Operations Risk & Control to deliver a connected 'front to back' view of operations to our Financial Advisors and their Clients. Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets. This is an Analyst 3 position at the P1 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. Team Profile: The Balance & Control team within Capital Markets Core Processing is responsible for the integrity of the Firm's books and records through the reconciliation of the securities ledger (Stock Record) and the cash sub-ledgers that roll into the General Ledger. This requires daily collaboration with all processing teams within CMCP, interaction with Technology, Operations Risk, and Finance to ensure resolution of open exceptions, reporting of aged breaks, and control of intraday processing to ensure that processing risk is managed appropriately. Core activities managed by the team include: Balancing cash, currency and security activity at domestic and international clearing utilities and agent banks; Balancing Trade blotter activity; Detecting, aging and resolving stock ledger exceptions related to physical security transfer activity; Preparing reconciliations and explanations of month end Operations FOCUS reportable balances for capital charges; Preparing reconciliation that contribute towards the daily 15c3-3 computation; Contributing towards tactical and strategic initiatives impacting the firms books and records; Contributing towards process improvements, enhancements, and other change initiatives related to trade and transaction processing, reconciliation, and control. Must haves: Strong organizational and communication skills; Outstanding attention to detail and analytical ability; Ability to work effectively with various areas of the firm; Collaborator / Team player. What sets you apart: Firm understanding the Trade Lifecycle including Trade Processing, Clearance, Settlement, Transfers, Asset Servicing, and Reconciliation; Experience contributing towards or leading projects; Experience with Automation (Particularly with tools such as Alteryx, PowerBI, UI Path, Tableau); Experience with process mapping; Comfort working with large data sets; Strong Excel skills including creating pivot tables and utilizing functions, formulas and other tools within Excel to generate insights from data. 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. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. 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). Salary range for the position: $62,000.00/Yr. 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 20 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.
Capital Markets Core Processing is a team of dedicated professionals servicing Morgan Stanley's Wealth Management Clients through Trade Processing, Clearing, Settlement and Asset Servicing. CMCP encompasses two functionally aligned organizations. The first, Trading & Client Operations, provides Operational functions in direct support of client activity executed across our Capital Markets Business Unit. The second, Clearing Operations, provides Operations functions in direct support for activity cleared by Morgan Stanley Smith Barney on behalf of our clients. The broad organization partners closely with Capital Markets and National Sales to develop and implement new products and services as well as drive efficiency and reduce risk in our processes. At all times we are focused on delivering quality service to clients both internal and external. CMCP partners closely with Client Service Operations, Banking Operations as well as Branch Operations and Operations Risk & Control to deliver a connected 'front to back' view of operations to our Financial Advisors and their Clients. Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets. This is an Analyst 3 position at the P1 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. Team Profile: The Balance & Control team within Capital Markets Core Processing is responsible for the integrity of the Firm's books and records through the reconciliation of the securities ledger (Stock Record) and the cash sub-ledgers that roll into the General Ledger. This requires daily collaboration with all processing teams within CMCP, interaction with Technology, Operations Risk, and Finance to ensure resolution of open exceptions, reporting of aged breaks, and control of intraday processing to ensure that processing risk is managed appropriately. Core activities managed by the team include: Balancing cash, currency and security activity at domestic and international clearing utilities and agent banks; Balancing Trade blotter activity; Detecting, aging and resolving stock ledger exceptions related to physical security transfer activity; Preparing reconciliations and explanations of month end Operations FOCUS reportable balances for capital charges; Preparing reconciliation that contribute towards the daily 15c3-3 computation; Contributing towards tactical and strategic initiatives impacting the firms books and records; Contributing towards process improvements, enhancements, and other change initiatives related to trade and transaction processing, reconciliation, and control. Must haves: Strong organizational and communication skills; Outstanding attention to detail and analytical ability; Ability to work effectively with various areas of the firm; Collaborator / Team player. What sets you apart: Firm understanding the Trade Lifecycle including Trade Processing, Clearance, Settlement, Transfers, Asset Servicing, and Reconciliation; Experience contributing towards or leading projects; Experience with Automation (Particularly with tools such as Alteryx, PowerBI, UI Path, Tableau); Experience with process mapping; Comfort working with large data sets; Strong Excel skills including creating pivot tables and utilizing functions, formulas and other tools within Excel to generate insights from data. 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. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. 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). Salary range for the position: $62,000.00/Yr. 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 20 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.