IS - Associate - MSIM

Job Level: Associate

Company Profile

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.

Business Overview

Morgan Stanley Investment Management (IM), together with its investment advisory affiliates, has more than 608 investment professionals around the world and more than $1.5trillion in assets under management or supervision as of June 30, 2021. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

Job Description

We are seeking an Associate to assist in the investor on-boarding process. This position will primarily assist with Investor Services operational and oversight functions of alternative investment products that have a strong tax component to the strategy. Due to the specialized nature of these investment products, this position will expose the candidate to a unique combination of responsibilities that include performing certain operational responsibilities, assist with the oversight of service providers, maintaining a strong system of internal controls, and acting as a resource to support other departments in operational requests. The position may also assist with documenting processes and controls needed to support new investment products. While this position is operational in nature, it is required that the candidate gain an understanding of the investment products being supported, with a focus of the tax implications of related shareholder activities, in order to perform effectively in this role.

Primary Job Duties

• Performing functions related to subscriber on-boarding such as:
• Recording and tracking investor contributions and sharing the record with other internal stakeholders.
• Ability to work with service provider(s) for questions on subscription documents and facilitating necessary inquiries with sales team.
• Review various calculations related to fund subscriptions including valuation, commissions, tax measurements.
• Preparing and facilitating various forms of subscriber and intermediary communications.
• Working with internal stakeholders to remediate subscriptions, as needed.
• Review subscription documents within proprietary closing system with responsibilities including:
• Process, review, and remediate incoming subscription documents.
• Review electronic data that was translated from manual/electronic subscription documents via OCR technology for accuracy!
• Research and validate critical data elements to transform data from manual subscription documents and other related materials to electronic data.
• Support the relationship with the Shareholder Portal third party vendor and lead initiatives to improve portal processes and workflows.
• Cross-train and transfer knowledge to other team members.
• Communications with the transfer agent, fund accountant, and other service providers by performing monitoring, reconciliation and other oversight procedures.
• Ensuring that all departmental policies, procedures and controls are at the highest level of industry standard, are well documented, and consistently applied by both the Group and service providers and assist with development and administering consistent practices for new products.
• Providing support to internal departments (such as the Wealth Strategies team and Equity team) on a broad range of matters including operational matters, on-boarding of sub-agents, shareholder and placement agent inquiries, etc.
• Other responsibilities/projects, as necessary.
  

Skills Required

• Bachelor’s degree in accounting, finance or business
• Analytical skills and ability to solve problems
• Ability to manage multiple priorities and adhere to timelines
• Strong organizational skills, strong attention to detail, and strong oral and written communication skills
• Eagerness to work in a fast-paced environment and ability to learn complex tax-driven investment products and related processes
• Ability to work independently and as part of a team
  
  

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents

What You Can Expect From Morgan Stanley

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 is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.