Job title: Cash Management Associate – Shared Services & Banking Ops
Company: Morgan Stanley
Job description: Morgan Stanley is an investment bank and financial services company, with a global presence in 41 countries, having its world headquarters in New York City. The company operates in three business segments – Institutional Securities, Wealth Management, and Investment Management. The Institutional Securities Group provides institutions with services such as capital raising and financial advisory; the Global Wealth Management Group offers stockbrokerage and investment advisory services to high-net-worth individuals; and the Investment Management Group features asset management products and services in equity, fixed income, alternative investments, real estate investment, and private equity to institutional and retail clients. Four core values guide the company culture – putting clients first, doing the right thing, leading with exceptional ideas and giving back. Joining the team of more than 60,000 employees, you can embark on a true global journey and find opportunities as a graduate, experienced professional, technology professional or financial advisor. The firm boasts an impressive amount of 16,000 financial advisors who are the core of the business. When you get hired, you will become a part of an inclusive and diverse team, where your talent and skills will be recognized and rewarded. Morgan Stanley offers programs in response to specific life situations, such as a veteran program for military veterans or the Return to Work program for those who wish to relaunch their career after time away.
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.
Payment control has primary responsibility of controlling all cash activities across the global Morgan Stanley franchise. The Division has a global presence with offices in New York, London, Glasgow, Baltimore, and Mumbai. Asia Payment Control Management team is located in Mumbai encompassing four functions – Cash Transaction Services, Treasury Trade Support and Liquidity Management, and incoming OFAC screening.
Background on the Team
The Cash Transaction Services team have oversight of payments booked within the Firm on behalf of clients as well as the Firm (proprietary business).
CTS acts as the last line of defense for the firm, in performing due diligence for payments being released to street providing a centralized and controlled environment.
The team?s scope of work aims at independent Investigation and releasing payments initiated by Business Units and Liquidity management teams. The team aims at seamless and timely investigating payments raising exceptions and ensure payments going out of Morgan Stanley are in accurate and secure state and they are compliant against relevant policies and procedures.
Liaise with Business Units, AML, Legal and Risk teams to ensure payment exceptions are actioned in a timely manner to avoid payments failures. Partner with Liquidity management monitoring Intraday Liquidity and monitor cutoff times in all currencies for all business units and ensure that all valid payments are released prior to cutoff
Provide payment advice, conduct research, and investigate Business Unit queries for resolution
The successful candidate will report directly into the Director. The primary tasks for the successful individual will i
Qualifications Skills required
Product knowledge – basic banking knowledge desired
Language – English required
PC skill – Excellent PC skills in data analysis and producing presentations.
Other competencies –
Independent self-starter and excellent team-player
Good communication, problem-solving and interpersonal skills are required
Attention to details
Ability to multi-task, priorities and manage daily workflow
Flexibility to adapt and respond to client request in a fast paced environment
Willingness to work on public holidays.
Qualifications – experience specify required or desired
University graduates in finance or other related disciplines
Experience in Financial Services industry desired
Experience in Operations desired
Location: South Jordan, UT
Job date: Thu, 09 Jun 2022 22:35:14 GMT
Apply for the job now!