IM Operations- Portfolio Recordkeeping Director (AVP) at Morgan Stanley

Boston, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

24 Feb, 26

Salary

156000.0

Posted On

26 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Portfolio Accounting, Recordkeeping, Tax Lot Accounting, Trade Settlement, Performance Reporting, Process Improvements, Team Leadership, Middle Office Operations, Automation Mindset, Asset Management, Derivatives Accounting, Cash Reconciliation, Investment Process Support, Standardization, Documentation, Risk Management

Industry

Financial Services

Description

Develop staff, lead projects and control deployment of resources, owning management tools/methods such as work queues, checklists, depth charts and calendars Contribute to business plan for area, establish risk/contingency plans, raise and address issues with urgency when required Manage daily portfolio accounting and recordkeeping process, ensuring all transaction (trades, income, accruals, corporate actions) and positions are processed timely, completely, and accurately. Support standardization and documentation of operational procedures across portfolios and asset classes. Ensure complete, accurate, and timely start of day positions to support investment process, including start of day cash and projected cash to support investment teams. Provide support and expertise on tax lot accounting principles, particularly for tax-managed portfolios, to enable accurate tax reporting and performance attribution. BS/BA degree required. A minimum of 7 years of related experience, preferably in asset management with experience working in portfolio or fund accounting. Experience across a broad spectrum of portfolio types: Separately Managed, Sub-advised, Funds (e.g. Mutual Fund, OIEC, etc..). Experience with middle office operations including but not limited to trade settlement, IBOR/ABOR, transaction lifecycle events across spectrum of asset class (equity, fixed, derivatives), cash and position reconciliation, performance reporting. Experience with accounting systems; preferably Aladdin Experience with tax managed strategies is a plus Experience working with, and accounting for, derivatives and synthetic exposures (e.g., Bank Loans). Experience functioning in a team lead and/or team mentor capacity. Automation first mindset. Experience with implementing process improvements and transformation. 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. Expected base pay rates for the role will be between $105,000 and $156,000 per year at the commencement of employment. 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

Manage the daily portfolio accounting and recordkeeping process, ensuring timely and accurate processing of transactions and positions. Lead projects, develop staff, and contribute to business planning while establishing risk and contingency plans.