Morgan Stanley Fund Services

JOB DESCRIPTION

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Job Function             :           Centralized Exception Reporting Team (CERT)

Department              :         Morgan Stanley Fund Services

Designation            :         Associate/Senior Associate

Reports to                 :           Manager

Experience                :           Associate (1 to 3 years)

                                                Senior Associate (3 to 6 years)

Position Description   :      Associate/Sr. Associate will perform a variety of processes that have been centralized to generate scale and efficiency.  They support the internal Accounting/CERT/Investor Services roles.

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

Morgan Stanley Fund Services (MSFS), a wholly owned subsidiary of Morgan Stanley, provides fund administration services to World’s leading hedge funds. MSFS has over 700 professional with offices in New York, London, Hong Kong, Dublin, Mumbai, Bangalore and Glasgow.

Primary Responsibilities: -

• Coordination with custodians and counterparties to set up standard set of reporting that is required for reconciliation, validation of monthend accruals/checks and regulatory reporting.  Working with these parties to receive good data files to assist in automation effort of reconciliation and posting of accruals systematically.  Working with these parties to discontinue reporting in case of termination/liquidation of hedge fund client.  Providing updates to internal teams if there are delays in custodian reporting
• Work with internal teams to automate reconciliations and accrual postings
• Initiation/set up of new hedge fund clients on the allocation systems on the basis of Offering Memorandum of those funds.
• Setting/ approval up of beneficiary details or wire instructions of various parties like vendors or investors of hedge fund clients
• Initiation of wire payments to vendors on behalf of hedge fund clients
• Supporting Middle Office clients with their wires, reporting
• Setting up of new bank accounts for new funds/clients
• Bond Interest validation from Bloomberg
• Creation of inhouse cusip for Over the counter products traded by hedge fund clients
• CDS Trade booking on behalf of clients on the basis of trade tickets

Skills required:

An Associate is likely to have the following characteristics:

• A number of years prior work experience – preferably in financial services. Knowledge of hedge fund processing is a strong advantage.
• Good administrative and organisational skills with a particular focus on accuracy and attention to detail.
• An ability to work under pressure and an ability to cope with increased workloads at month-end.
• An ability to work as part of a virtual team that is spread across different time zones and geographies.
• An ability to use key financial systems and other IT tools.

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.