MSIM- Pricing & Valuation - Operations Associate

474 MS Services Group, Inc.; Boston (MA); On-site; USD 80,000 - 115,000; Full time

Job summary

Morgan Stanley is seeking a valuation professional to join the Operations team, focusing on daily securities valuation, pricing controls, and report generation. You will interact with third party pricing vendors and internal teams to resolve issues and ensure accurate valuation decisions across asset classes.

The role involves testing pricing projects, maintaining records, and supporting valuation reporting for committees.

Qualifications

• Bachelor's Degree in Finance, Mathematics, or Accounting plus 2–5 years in security valuation preferred.
• Strong understanding of institutional investment management and valuation across assets.
• Familiarity with pricing vendors and valuation procedures.
• Experience with Aladdin platform strongly preferred.

Responsibilities

• Perform daily reviews of securities valuation including price source reviews and price changes.
• Respond to pricing inquiries from third party agents and determine preliminary pricing decisions.
• Assist in testing analysis of pricing projects within Operations.
• Monitor and close pricing exceptions in Aladdin with high accuracy.
• Work with internal teams to resolve issues quickly and accurately.
• Ensure delivery on daily processes and periodic reporting requirements.

Skills

Pricing knowledge

Communication

Team collaboration

Programming

Database development

Independent work

Education

Bachelor's Degree in Finance/Math/Accounting

Tools

BlackRock Aladdin

Job description

Job Duties

A successful candidate for this role should have a strong background in operational control and process development. The professionals on this team manage a variety of global valuation functions and controls within the department including, but not limited to:

• Monitor daily risk indicators, pricing exceptions, and valuation anomalies, ensuring timely resolution


• Ensuring comprehensive compliance with the firm's valuation policy


• Monitoring and oversight of activities performed by the firm's Pricing Team at third party service providers


• Maintenance of all administrative records regarding valuation decisions


• Production of Valuation Committee and Fund Board valuation reporting


• Overseeing valuation vendors and data providers


• Providing excellent service to clients related to valuation activities

Responsibilities

• Perform daily reviews of securities valuation, including, but not limited to: secondary price source reviews, daily price change tolerance reviews, unchanged price reviews, trade price review.


• Responds to pricing inquiries from third party agents and determines preliminary pricing decisions relating to these inquiries.


• Assist in testing analysis of ongoing projects related to pricing within the Operations department.


• Monitor, review, **escalate** and close pricing exceptions in Aladdin with high level of accuracy for all asset types.


• Work closely with various internal teams to resolve issues quickly and accurately.


• Monitor and ensure delivery on daily process and periodic reporting requirements.


• Interact with various third party service providers, such as pricing vendors, middle office service providers, fund administrators and accountants to ensure adherence to standards and the provision of outstanding support of IM business.


• Monitor, research, and respond to inquiries from IM clients with respect to areas of responsibility.


• Assist in the continued development and testing of proprietary technology platforms supporting valuation control, analysis, and reporting.


• Ability to adapt to updated timelines and due dates when needed.


• Ensure compliance with Firm and Operations-wide risk and control policies.


• Continually review and improve processes to achieve maximum efficiency and effectiveness.


• Ability to work 12-9PM or 2-10PM shift

Experience / Knowledge Required

• Bachelor's Degree (Finance, Mathematics, or Accounting preferred) and 2-5 years of experience in security valuation preferred.


• A strong understanding of the institutional investment management industry and valuation knowledge across all equity, fixed income, derivative, fund, and currency investment instruments


• Knowledge of global pricing and valuation regulatory environment and industry trends


• Familiarity with various pricing vendors and valuation procedures


• Experience working with BlackRock's Aladdin platform strongly preferred


• Experience working on a team with a broad scope of process responsibilities


• Demonstrated success working in a high volume, high intensity environment and an ability to get closure on issues promptly


• Proven record of collaborating with a diverse group of colleagues across geographic and functional boundaries


• Excellent oral and written communication skills


• Knowledge of programming and database development preferred


• Professional maturity, self-confidence, decisiveness, and good business judgment


• Ability to work independently

What you can expect from Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between $80,000 and $114,500 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 Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.