Associate - Subledger Operations null

About Morgan Stanley

Since its founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services.

The Risk Analytics team in Mumbai is part of the Market Risk Analytics and Scenario Analytics teams of the firm. The Market Risk Analytics team is a methodology team responsible for the development, enhancement, and periodic updates of risk models for the firm’s portfolios for the Market Risk department.

Your role

As an Associate - Subledger Operations you will be responsible for the stakeholder engagement and some management of the Sub-Ledger and Substantiation team in Mumbai, supporting the existing Director, as well as working with various individuals across Operations to examine both new and established processes, assessing risk and to develop control mechanisms to mitigate the risk associated with these processes.

Responsibilities

• Monitor and analyse the root causes of activity where journals fail to post as intended to the sub-ledger and support related error resolution.
• LESA errors should be investigated, escalated, delegated and put in held pending status and get the error resolved by chasing and obtaining commentary from BU.
• Escalate appropriate errors to relevant owners and provide advice and guidance on resolution.
• Control specific entitlements and rules that support one of the firm’s critical manual journals systems
• Collaborate with Finance, Technology and other Operations users across all regions
• Any changes in GAU/SAU should work on complete accuracy and in line with the Account usage update checklist.
• Catchall journal processes should work on complete accuracy and request for an amendment if any discrepancy.
• Working to tight deadlines on a daily, weekly and monthly basis. Creation of different risk reports/ MI reporting.
• Building a detailed understanding of each exception report, allowing complex queries to be answered.
• Acquiring an intricate knowledge of firm  systems, data sources and processes, building the ability to question the data integrity
• Working with business areas and their Risk Managers to assess the integrity of any unsubstantiated balances, late sign-offs etc.

Training, Development & Rotations

The MSFS Internship Program has been designed to develop highly motivated professionals by providing a stimulating and supportive environment to understand the business and achieve maximum potential.  On joining, you will go through a training program that covers business process and systems training.

Summer Associates spend eight-ten weeks working on live projects, understanding the business workings and how Investor Services supports Morgan Stanley and its businesses.

Salary & Benefits

The annual salary for this role can range from INR 7.0 Lakhs to INR 8.0 Lakhs (Source: Glassdoor).  They provide the following benefits

• Health Care & Insurance
• Life Insurance
• Vacation & Paid Time Off
• Maternity & Paternity Leave
• Work From Home options 
• Student loan refinancing for you, your family, and your friends
• Cash management, securities-based loans, and home financing solutions with options for each stage of your life

Career Progression

A wealth of opportunities for career mobility and a culture that encourages employees to take on new challenges make Morgan Stanley India a hub for professional growth.

Morgan Stanley values and embraces uniqueness and individuality, and its commitment to diversity permeates all levels of the organisation. By fostering an open and inclusive corporate culture, its employees can achieve their professional goals. Here, they focus on enhancing their employees' careers by offering various educational and professional development programs.

• Diversity Training
• Leadership Program 
• Project Career development program
• Project Impact leadership program

Work-Life Balance

They have a good and inclusive work culture where they hugely invest in their employees’ learning and development training. It provides flexible work hours with work-from-home options. The company operates five days a week with an average of 55 working hours.

Culture & Vibe  

Morgan Stanley offers a dynamic and multifaceted environment that requires individuals to work closely with colleagues across various functions and the Business Unit in onshore regions. You will get to work with extremely talented peers in a meritocratic team-oriented culture.

About You

The requirements for the role are as follows:

• Strong verbal and written communication skills.
• Effective interaction with others across departments and regions.
• Ability to communicate technical matters concisely.
• Understands the audience, pitch communication at the correct level, and demonstrate active listening skills
• Ability to lead and drive initiatives independently.
• Understands the underlying risks in the process and can propose mitigating controls.
• Can absorb information and learn quickly.
• Strong attention to detail and accuracy.
• Self-motivated with a strong sense of ownership and accountability for tasks.
• Contributes to refining controls and continuously improving and reducing operational risk for their respective area.
• Demonstrates deep knowledge of the functional area for which they are responsible while being aware of how other functions integrate or impact them.
• Proficiency in Microsoft Word, Excel and Powerpoint is essential.

How to Apply

To apply for this role, just click on the Apply on employer site button. It will navigate to the career section where the application can be submitted.