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Morgan Stanley · 1 day ago

IM Operations- Portfolio Recordkeeping Director (AVP)

Boston, MA

Full-time

Onsite

Mid, Senior Level

$105K/yr - $156K/yr

7+ years exp

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. The Portfolio Recordkeeping Director will support and evolve a best-in-class Portfolio Accounting function, ensuring accurate and timely portfolio accounting, valuation, and production of investment performance records.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Develop staff, lead projects and control deployment of resources, owning management tools/methods such as work queues, checklists, depth charts and calendars

Set direction and expectations for your team(s), defining training plans and transfer of expert knowledge to contribute to team output and development

Contribute to business plan for area, establish risk/contingency plans, raise and address issues with urgency when required

Produce and publish the official Aladdin Portfolio Asset Value on a monthly, in accordance with client and reporting SLAs, including performing all Quality Control (QC) checks to finalize and close the books

Manage daily portfolio accounting and recordkeeping process, ensuring all transaction (trades, income, accruals, corporate actions) and positions are processed timely, completely, and accurately

Support standardization and documentation of operational procedures across portfolios and asset classes

Ensure complete, accurate, and timely start of day positions to support investment process, including start of day cash and projected cash to support investment teams

Act as a point of escalation for team analysts, in helping to research and resolve exceptions cross-functionally to the accounting books of record (start of day, end of day, and period close) within established SLAs

Provide support and expertise on tax lot accounting principles, particularly for tax-managed portfolios, to enable accurate tax reporting and performance attribution

Provide subject matter support for Aladdin Accounting transaction, position, and valuation data

Capture key metrics to help drive effective management of the day-to-day operations

Actively partner with Data Quality and Engineering team to develop and refine data anomaly detection and mitigation strategies to prevent impact to MSIM books and records

Document, maintain, and oversee adherence to standard operating procedures

Ongoing business process improvement leveraging automation with low code tooling

Qualification

Portfolio AccountingMiddle Office OperationsAladdin AccountingTax Lot AccountingProcess ImprovementAutomation MindsetClient Relationship ManagementTeam Leadership

Required

BS/BA degree required

A minimum of 7 years of related experience, preferably in asset management with experience working in portfolio or fund accounting

Experience across a broad spectrum of portfolio types: Separately Managed, Sub-advised, Funds (e.g. Mutual Fund, OIEC, etc..)

Experience with middle office operations including but not limited to trade settlement, IBOR/ABOR, transaction lifecycle events across spectrum of asset class (equity, fixed, derivatives), cash and position reconciliation, performance reporting

Experience working with, and accounting for, derivatives and synthetic exposures (e.g., Bank Loans)

Experience functioning in a team lead and/or team mentor capacity

Automation first mindset. Experience with implementing process improvements and transformation