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Senior Associate - CERT - Mumbai

AT Morgan Stanley
Morgan Stanley

Senior Associate - CERT - Mumbai

Bangalore, India

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

Position Description : Associate/Sr. Associate will validate prices of the securities in the clients (hedge fund) portfolio as well as perform various reconciliations to ensure the client NAV is correct. Along with this, he will also be responsible for reviewing other documents for e.g. -Audit confirms etc.

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

Overview of the functions performed by CERT : -

  • Daily & Month-end pricing checks - To provide client with correct valuations for its investment portfolio across various financial products like equities, options, swaps, CDS etc. To verify and compare valuations against various feeds received from NASDAQ, NYSE, Bloomberg etc. and highlight issues in cases of discrepancy.

  • Daily & Month-end cash and positions reconciliations - As a fund administrator, we have to reconcile all positions & cash balances across various financial products in the client's portfolio with the counterparty statements and report exceptions. While performing the reconciliation we have to keep in mind the products specific features. Knowledge on corporate actions and accounting entries will be required in the reconciliation process.

  • Review of Audit Confirmations - Performing review of standard MSFS confirmation which is released to investors' auditor providing the Investors' holding for the audit period

Principal Duties:

  • To ensure portfolio has been valued as per the client's offering memorandum and highlight exceptions in case of discrepancy.
  • To ensure that all exceptions in the CERT processes are highlighted or escalated, if required, to the appropriate level.
  • Update and coordinate with the Accounting team about the status of pricing and reconciliation on real time basis
  • All daily/monthly deliverables to be achieved by the defined deadline and escalate in case of delay

Skills required:

An Associate/Senior Associate is likely to have the following characteristics:

  • Bachelor's degree
  • Strong communication skills, both written and verbal
  • 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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

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.

Client-provided location(s): Bengaluru, Karnataka, India
Job ID: Morgan-549783764547
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • FSA
    • Virtual Fitness Classes
    • HSA
  • Parental Benefits

    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Return-to-Work Program
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Adoption Leave
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Leave of Absence
    • Volunteer Time Off
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Internship Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)