High Net Worth Collateral Monitoring Operations Analyst
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. Department Profile
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets. Background on the Team
Private Banking Operations provides brokerage, investment and financial services to hundreds of thousands of individual investors. We apply our expertise in serving clients to create new opportunities for people to achieve their personal financial goals. Morgan Stanley has one of the largest retail brokerage networks, with numerous worldwide representatives and retail locations.
Our services are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance and annuities. Primary Responsibilities
-Verify and process the daily collateral call reports
-Coordinate collateral call satisfaction with branches while protecting the Bank's interest regarding any outstanding collateral calls
-In case of short fall, verify values in loan monitoring systems against loan officer's original underwriting
-Coordinate and approve the release of excess collateral and dividend payments.
-Notify branch and coordinate solutions with the financial advisors for any over limit situations.
-Provide necessary information for auditors during federal, state, and internal exams
-Identify existing and potential risk, and work with other areas to minimize or eliminate the risk
-Handle escalated issues from branches, the Sales Desk, or others areas of the firm
-Work with other areas of the firm, and IT to improve existing processes
The High Net Worth (HNW) Collateral Monitoring Operations group is responsible for the identification and mitigation of Bank risk related to multiple securities based lending products, and works with various internal and external groups to ensure proper controls and reporting, including adherence to Bank Credit Policy and regulations related to the product type. Qualifications: Skills required (essential)
-Bachelor's degree; business or economics degree preferred
-Experienced margin background in securities-based lending preferred
-Intermediate working knowledge of Outlook, Word, and Excel
-Proven proficiency in problem resolution and demonstrated initiative
-Excellent organizational / time management skills to succeed in a high-pressure / fast paced environment
-Professional oral and written communication skills
-Superior attention to detail
-Strong research / analytical, and math skills
-Able to prioritize and multi-task