Client Operations Associate

Compensation

: $135,480.00 - $135,480.00 /year *

Employment Type

: Full-Time

Industry

: Financial Services - Banking/Investment/Finance



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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.One of the largest divisions in the Firm, Operations is the first line of defense for Morgan Stanley's financial and reputational well-being and essential in delivering value to our clients. Operations is responsible for correctly settling and recording millions of transactions per day, identifying and mitigating operational risk, developing strong client relationships and partnering with technology to realize the full potential of IT and Automation. Operations has a world-class team of innovative and dedicated professionals, with a unique vantage point in the Firm interacting with all parts of the business, front to back. The Operations Senior Management team are passionate about our people development and providing best in class employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning, and proactive career management.Institutional Securities Group Product Operations (ISGPO) partners closely with Sales & Trading and our Clients to process daily activities, develop and implement new products and services, as well as drive efficiency and reduce risk in our processes.The position within the NY Client Asset Protection Control team involves daily calculation and processing of Morgan Stanley daily Segregation Statements and end of day Residual Interest calculation surveillance and funding processing.The Candidate will be responsible for:* Compares total segregated assets to total obligation requirements in order to validate that MS has sufficient Residual Interest including 1.49 compliance.* Analyzes the reason for the change in Residual Interest on a daily basis.* Determines that external customer assets held at segregated locations are reconciled back to books and records on a daily basis.* Monthly regulatory filing* Project work* Testing of new system requirements and enhancements* Ensure adherence to global escalation policies, maintain up to date awareness of risk policies and procedures, attest to operational procedures at required intervals and actively comply with ethics and behavior standards - Fast learner with the ability to work independently* The ability to work under pressure and multi-task* Attention to details* Control oriented* Team player* Good PC and organizational skills* Strong negotiation, reasoning and problem solving skills* Listed Derivatives Product Knowledge is preferred* Operations experience* University Degree
Associated topics: finance, financial advisor, financial planner, investment analyst, merchant service, personal banker, risk management, securities, stock broker, treasury * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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