Dir, Advanced Specialist, P4, Core Services : Job Level - Director at Morgan Stanley

Baltimore, Maryland, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Mar, 26

Salary

140000.0

Posted On

02 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Subject Matter Expertise, Problem Solving, Reconciliation, Financial Reporting, Risk Management, Process Improvement, Attention to Detail, Root-Cause Analysis, Stakeholder Engagement, Multitasking, Fast-Paced Environment, Automation, System Enhancements, Communication, Escalation

Industry

Financial Services

Description

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. The team is in need of additional, specific subject matter expertise to assist in the interpretation and application of FINRA rules as team reconciliations and position and balance monitoring affect Financial Reporting Group calculations for capital charges. The candidate will need to be able to: - Serve as a subject matter expert within functional area, working with Team Manager to manage processes, risks and/or projects, proposing and implementing improvements/changes - Act as key problem solver for area or expertise, applying detailed knowledge to address unique or novel situations, recognize risks and draw out key issues - Fully review and analyze the daily submission to the Financial Control Group for balances that contribute to the Customer Reserve (SEC Rule 15c3-3) calculation. - Streamline the performance and reporting of current reconciliations with emphasis on the impact of aged breaks, escalating exceptions with market value exposure, and gained efficiencies within each reconciliation process. - Leverage knowledge of SEC Rule 15c3-1 and 15c3-3 and apply to the review and reporting of suspense, control, clearance and location account position and balances. - Review daily reconciliation exceptions and account balances as well as limit month end balances included in the Operations FOCUS report. - Provide complete and clear commentary for all related balances included in the FOCUS report. - Communicate and escalate, in writing and in person, processing issues and exceptions to various team managers and senior management. 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. > Preparing reconciliations and explanations of month end Operations FOCUS reportable balances for related 15c3-3 and 15c3-1 capital charges. Familiarity with current challenges in Financial Services institutions - Keen attention to detail with a methodical approach to root-cause analysis and problem solving - Demonstrated ability to adapt quickly and engage stakeholders at all experience levels - Ability to multitask, prioritize, and act in a fast-paced environment - Strong interest in process improvement, automation, and system enhancements - Desire to lead and learn continuously At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. Our Firm is differentiated by the caliber of our diverse team, while our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity 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. 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. United States (All States) 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. 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. 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. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Salary range for the position: $93,000.00 and $140,000.00 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. 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 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.

Responsibilities

The Balance & Control team is responsible for the integrity of the Firm's books and records through reconciliation processes. The role involves serving as a subject matter expert, managing processes, and addressing unique situations related to financial reporting and compliance.