IM Operations- Portfolio Recordkeeping Director (AVP)

We are seeking an experienced and detailed-oriented Portfolio Accounting & Recordkeeping Director to support and evolve a best-in-class Portfolio Accounting function.

In the Operations division we partner with business units across the Firm to support financial transactions devise and implement effective controls and develop client relationships. This is a Team Manager position at the Director level that will be responsible to ensure accurate timely and globally consistent portfolio accounting valuation and production of the official investment/performance book and record. This role sits within the Public Markets Middle Office and is pivotal to ensuring data accuracy transparency and operational readiness across the firms investment operations in support of MSIM clients investment teams and traders reporting teams and other essential uses of middle office operations data. As the Portfolio Recordkeeping Director you would be responsible for the daily execution of accounting and recordkeeping processes across various investment strategies and asset classes. This role will be part of a global team in a follow the sun model ensuring the integrity of the MSIMs start of day end of day and period close books and records.

This role will support the Portfolio Accounting & Recordkeeping Vice President in implementing business process and deliver high-quality ready for business data to enable front-to-back operational processes investment analytics regulatory compliance and a best-in-class client experience.

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.

Interested in joining a team thats eager to create innovate and make an impact on the world Read on

• 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.
• Provie 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.

What youll bring to the role:

• 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 with accounting systems; preferably Aladdin
• Experience with tax managed strategies is a plus
• 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.

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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $105000 and $156000 per year at the commencement of employment. However base pay if hired will be determined on an individualized basis and is only part of the total compensation package which depending on the position may also include commission earnings incentive compensation discretionary bonuses other short and long-term incentive packages and other Morgan Stanley sponsored benefit programs.

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).

Required Experience:

Director