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Deposit Products and Settlements Associate

Company: Morgan Stanley
Location: South Jordan
Posted on: June 6, 2021

Job Description:

Company Profile

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

Wealth Management Operations

Global Wealth Management Operations provides brokerage, investment and financial services to hundreds of thousands of individual investors. We apply our expertise in serving institutional 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.

The Deposit Products and Settlements team is responsible for monitoring and performing aggregate settlement operations for several Wealth Management banking and cash management products. This includes pulling settlement reporting, calculating necessary wire amounts, communicating with various groups for confirmations or corrections, and successfully settling wires across the Morgan Stanley entities. This role requires high attention to detail and working under strict deadlines with high value settlements to support the PBO cash settlements for Morgan Stanley and related entities. Candidate will be able to meet deadlines, execute functions in a controlled but risky environment, deliver superior client service, and problem solve real time issues.

Primary Responsibilities

  • Pull reporting, calculate and execute settlement wires in line with procedure
  • Process journals and account corrections on client accounts
  • Liaise with various internal and external teams to perform settlement operations or solution breaks
  • Generate and distribute reporting as necessary
  • Monitor and answer workflow requests from branches for various questions or requests
  • Assist and perform system enhancement testing or checkouts as required
  • Ensure compliance with all settlement procedures


  • Track record of superior analytical, critical thinking and decision making skills
  • Self-starter who asks questions on the 'why' in how transactions are processed and seeks improvements
  • Ability to multitask, especially in high pressure situations
  • Excellent written and verbal communication skills
  • Client-centric and a Team Oriented player
  • Must be detail oriented as well as a logical and proactive thinker
  • Proficiency in Microsoft Office: Excel, Word, PowerPoint

Preferred but not required Qualification:

  • Bachelor's Degree or relevant experience

Keywords: Morgan Stanley, South Jordan , Deposit Products and Settlements Associate, Other , South Jordan, Utah

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