ABOUT MORGAN STANLEY
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firms employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.

ABOUT PARAMETRIC
Parametric is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. We partner with advisors, institutions, and consultants to build portfolios focused on whats important to them and their clients. A leader in custom solutions for more than 30 years, we help investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios that respond to their evolving needs. We also offer systematic alpha and alternative strategies to complement clients core holdings.

This role is part of Parametrics hybrid working model, which includes working in the office 3 days a week and choosing to work remotely or in the office the remaining days of the week.

ABOUT THE TEAM
The Equity SMA Operations team at Parametric is comprised of functional teams focusing on trade settlements, corporate actions, portfolio reconciliation, data operations, and other tasks that support Parametrics separately managed portfolios. The team is globally distributed, with staff located in Seattle, Minneapolis, Boston, Alpharetta, Singapore, and Mumbai. Associates work closely with portfolio managers, traders, product, sales and distribution, and other teams to ensure that client portfolios are managed in accordance to best practices and existing service level agreements.

ABOUT THE ROLE
In this role, the incumbent will be tasked with overseeing, coordinating, and guiding the daily operations of a reconciliation team, typically consisting of 4-7 staff members. The position calls for a hands-on supervisor with the ability to manage multiple deadlines, deliver excellent customer service, and motivate the team.
The individual in this position must demonstrate a comfort level with consistently implementing best practices in their work. The role involves handling substantial data, requiring a thorough review of holdings and cash reconciliation across accounts that may involve 70 or more different currencies. The overarching objective is to ensure the accurate completion of processes and the timely resolution of discrepancies.

PRIMARY RESPONSIBILITIES

Demonstrates robust leadership and supervisory skills coupled with an extensive understanding of client portfolio accounting/reconciliation and other back-office operational processes.
Exhibits a comprehension of end-to-end processes within the reconciliation team, with the ability to promptly address inquiries and perform daily tasks as needed to support the team.
Ensures the accurate and timely completion of control reporting and audits.
Conducts a daily review of accounts to guarantee precise and comprehensive reconciliation for holdings and cash positions.
Acts as the primary escalation contact for all reconciliation breaks to mitigate potential risks, with a discerning ability to escalate issues to the appropriate managerial level.
Maintains an excellent grasp of finance and accounting principles, practices, and controls.
Ensures day-to-day staffing adequacy in the department, providing training and cross-training to employees as necessary.
Responsible for implementing processes to support firm-wide initiatives.
Proficient in working with large datasets in MS Excel, demonstrating expertise in managing and organizing datasets comprising 100,000+ rows of data.
Reviews and proposes new methods and procedures to enhance daily operations in the department for increased efficiency and effectiveness.
Ensures accurate and timely responses to emails and inquiries.
Undertakes diverse developmental functions, including interviewing, conducting performance appraisals, developing planning, and addressing corrective action/termination.
Identifies and manages challenge areas, executing improvement plans promptly.
Resolves issues with a sense of urgency.
Demonstrates the ability to prioritize initiatives and distribute workloads effectively during periods of peak activity.
Thrives in managing multiple projects, deadlines, client inquiries, etc., within a dynamic and fast-paced environment.
Delegates or allocates workloads appropriately across the team.
Ensures that written procedures are kept up-to-date for all team processes.

JOB REQUIREMENTS

Bachelor’s (4 year) degree with a major in finance or accounting preferred.
5+ years previous work experience in the financial services industry.
2+ years of management or leadership experience.
Demonstrated organizational skills, self-initiative, and the ability to analyze information to support the team.
Effective planning, prioritization, and deadline management capabilities.
Knowledge of Advent APX, SQL, and Tableau is advantageous.
Strong communication skills essential for effective interaction with internal and external staff and management at all levels.
Proficiency in MS Outlook and adept handling of substantial email correspondence.
Ability to thrive in ambiguous conditions and navigate successfully through uncertainties.
Proven track record as a successful leader.

Parametric believes each member of our organization makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties and qualifications. It is our expectation that every member of our team will offer his/her/their services wherever and whenever necessary to ensure the success of our client services.

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 whats 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 experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

Salary range for the position: $70,000 - 150,000/Yr. 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 units 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 our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

Morgan Stanleys goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).