Private Banking Operations- Collateral Middle Office- Associate

We’re seeking someone to join our team as an Associate in Private Banking Operations- Collateral Middle Office to provide operational support by completing items that encompasses a wide range of operational, credit, and market risk management responsibilities within securities-based lending collateral management.

In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is an Analyst level position within Product Support & Services, which is responsible for providing transaction support and managing post execution processes.

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

Morgan Stanley Salt Lake has been rooted in the community since 1997 and supports the Firm’s global Wealth Management, Operations and Technology divisions. With the recent acquisitions of E*TRADE and Solium, Morgan Stanley super-charged its Wealth Management and Corporate and Institutional Solutions businesses to deliver a first-class experience for investors, traders and institutional clients and participants. Our talented teams have established strategic centers of excellence and earned multiple awards, including J.D. Power Customer Service Certification for more than 5 years. We proudly give back to local nonprofit organizations in Salt Lake by offering up our unique skillsets, thousands of volunteer hours and dedicated financial support.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you’ll do in the role:

• Process transactions/tasks within coverage area

• Respond to client requests with accuracy and speed, ensuring compliance with all policies and procedures

• Follow escalation framework, taking responsibility for identifying, escalating and preventing issues

• Raise issues, question others and offer solutions/ideas

• Analyzing large datasets to identify risk, exposure, and anomalies.

• Developing strategic solutions for new products and controls to support reporting, stress testing, and risk mitigation.

• Collaborating with Margin Managers, Credit Risk, Technology, and field teams.

• Interpreting new FINRA directives and assessing their impact on firm policies and procedures.

What you’ll bring to the role:

• Ability to build trust and find innovative ways to improve teamwork, functions/processes and create a positive work environment

• Understanding of business area supported, client requirements, and importance of not compromising control to comply with client requests

• Culture carrier across Operations, embracing the Firm's core values

• At least 0-2 years’ relevant experience would generally be expected to find the skills required for this role

• Proven track record of achievement and ability to take initiative in a dynamic environment.

• Familiarity with financial markets and the current regulatory landscape.

• Strong written and verbal communication skills, with the ability to convey complex information to diverse audiences.

• Adaptability to multiple functions, including line work, projects, and process improvement initiatives.

• Ability to drive process enhancements and efficiency improvements.

• Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint.

• Strong proficiency in Python.

• Growth mindset with a commitment to continuous learning.

• Ability to perform under pressure and meet deadlines.

• Excellent organizational and time management skills.

• Self-motivated with a strong sense of accountability.

• Positive attitude and collaborative approach.

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 expe