About the Team
The PBO Balance and Control team serves as an independent team which performs reconciliation, quality control, regulatory monitoring and reporting across the Private Banking Operations Department. We work as business partners to the processing teams including Lending and Banking. Coverage includes performing daily, weekly, and monthly reconciliations to identify open and aged exceptions which require remediation from the account owners. Additionally preparing reports, dashboards, metric reporting and performing analysis on report exceptions. The team also helps to support Internal/External audit requests and Regulatory (FOCUS) reporting. Balance and Control has the key responsibility of ensuring completeness of books and records, accuracy of controls and procedures across the departments for products that impact client and firm relationships and associated risks including regulatory, financial, and reputational.
Key Responsibilities
•Prepare, monitor, analyze and distribute daily reports
•Coordinate reports and correspondence for exception items that require remediation and/or escalation
•Work closely with the product lines to ensure their operational and procedural requirements are followed
•Prepare and distribute daily, weekly, monthly, or quarterly key performance metrics
•Oversee control functions performed by offshore teams to ensure accuracy and completeness
•Ensure that escalation procedures are followed
•Provide necessary information for auditors during internal and external exams
•Identify existing and potential risk, and work with other areas to minimize or eliminate the risk
•Intermediate working knowledge of Outlook, Word, and Excel
•Ability to create, modify, and troubleshoot Excel Macros
•Working knowledge of SharePoint
•Proven proficiency in problem resolution and demonstrated initiative
•Excellent organizational / time management skills to succeed in a high-pressure / fast paced environment
•Professional oral and written communication skills
•Superior attention to detail
•Strong research / analytical, and math skills
•Able to prioritize and multi-task
•Creative thinker to reengineer some of the current manual workflow processes including Macro development
Skills Desired
•Process automation VBA/SQL capabilities strongly preferred
•Experienced background in reconciliations preferred
•Bachelors degree; business or accounting preferred
What You Can Expect from Morgan Stanley
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that's differentiated – and we've done that for 90 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.
Salary range for the position: $51,000 and $82,500 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for employees.
