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. The candidate will join the Alternative Investments business within the Morgan Stanley Wealth Management Investment Solution Team with an immediate focus on a performance reporting initiative. The project objective is to ensure that Morgan Stanley is appropriately characterizing transactions for Private Equity, Private Credit and Real Estate products ("illiquid alternative investment products") so that client and FA reporting is accurate. The candidate will work closely with the Alternative Investments Operations and Product Teams as well as third party funds and fund administrators on this initiative. Additionally, the candidate will be involved in system development lifecycle activities including the planning, testing (User Acceptance Testing) and deployment of a reconciliation tool that will be used to systematically identify client reporting discrepancies. After the Alternative Investments performance reporting project is complete, the candidate will serve in an oversight role focused on ensuring the accuracy of client reporting on a go-forward basis Key Responsibilities - Quickly get up to speed on all of the nuances of the Alternative Investments performance reporting initiative and play a key role in the execution and completion of the project. - Work closely with the Alternative Investments Operations team and 3rd party fund managers to ensure that Morgan Stanley is accurately reporting on illiquid alternative investment products. - Review fund activity for illiquid alternative investment products to determine appropriate characterization of transactions for a broker dealer reporting model (past transactions and go-forward). This will include the analysis of 3rd party fund reports (e.g. quarterly client reports and capital call/distribution notices). - Assist with the planning, testing and deployment of a reconciliation tool that will be built to validate that the alternative investments fund reporting at Morgan Stanley agrees to the 3rd party fund reporting (with the exception of known and acceptable deltas that are the result of a difference in perspectives). - Train and work closely with the Alternative Investments Operations team to ensure that they understand how to use the reconciliation tool. - Provide oversight to the Alternative Investments Operations team on the reconciliation tool to ensure that: 1) the reconciliation is being performed on a timely basis and 2)any differences identified are being investigated and resolved. -Provide oversight to the Alternative Investments Operations team to ensure that transactions are characterized appropriately before they are processed. -Work closely with the Alternative Investments Product teams and third party fund managers during new fund launches to ensure that the fund administrators will provide Morgan Stanley with all the transaction processing information that is required.
Qualifications and Skillset Required - 3+ years of project experience - Analytical problem solver who has the ability to identify and escalate issues - Organized and attention to detail focused - Self-starter with the ability to multi-task with limited supervision - Microsoft Excel proficient - Ability to effectively communicate and work collaboratively in a team environment - Strong communication (i.e. verbal, written, presentation) and relationship skills
Internal Number: 5207542
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