PBO- Associate

474 MS Services Group, Inc.; United States; On-site; USD 51,000 - 83,000; Full time

Benefits offered by this job

Medical

Prescription Drug

Dental

Vision

Health Savings Account

Dependent Day Care Savings Account

Life Insurance

Disability and Other Insurance Plans

Paid Time Off

20 Vacation Days annually

10 Paid Holidays

401(k)

Job summary

Morgan Stanley’s Private Banking Operations Balance and Control team performs reconciliations, quality control, regulatory monitoring and reporting. They collaborate with Lending and Banking to remediate open items, prepare dashboards, and support audits and regulatory reporting.

The role emphasizes process automation, analytics, and strong detail orientation within a fast-paced environment. The position involves producing daily and periodic reports, KPIs, and supporting external exams, with

Qualifications

• Bachelor’s degree; business or accounting preferred.
• Proven proficiency with Excel, Outlook, Word, and SharePoint.
• Experience with VBA/SQL process automation is preferred.
• Experience in reconciliations is preferred.
• Strong analytical, math, and problem-solving skills.

Responsibilities

• Prepare, monitor, analyze and distribute daily reports.
• Coordinate reports for exception items requiring remediation.
• Work with product lines to follow operational requirements.
• Prepare and distribute daily, weekly, monthly, or quarterly KPIs.
• Oversee offshore control functions to ensure accuracy.
• Ensure escalation procedures are followed.
• Provide information for auditors during internal and external exams.
• Identify risk and collaborate to minimize it.
• Create, modify and troubleshoot Excel macros.
• Maintain knowledge of Outlook, Word, Excel and SharePoint.

Skills

Attention to detail

Time management

Analytical thinking

Oral and written communication

Problem solving

Prioritization

Creative thinking

Multi-tasking

Education

Bachelor's degree; business or accounting preferred

Tools

Excel

Outlook

Word

SharePoint

Excel Macros

VBA/SQL

Job description

The PBO Balance and Control team serves as an independent team which performs reconciliation, quality control, regulatory monitoring and reporting across the Private Banking Operations Department. We work as business partners to the processing teams including Lending and Banking. Coverage includes performing daily, weekly, and monthly reconciliations to identify open and aged exceptions which require remediation from the account owners. Additionally preparing reports, dashboards, metric reporting and performing analysis on report exceptions. The team also helps to support Internal/External audit requests and Regulatory (FOCUS) reporting. Balance and Control has the key responsibility of ensuring completeness of books and records, accuracy of controls and procedures across the departments for products that impact client and firm relationships and associated risks including regulatory, financial, and reputational.

Key Responsibilities

• Prepare, monitor, analyze and distribute daily reports
• Coordinate reports and correspondence for exception items that require remediation and/or escalation
• Work closely with the product lines to ensure their operational and procedural requirements are followed
• Prepare and distribute daily, weekly, monthly, or quarterly key performance metrics
• Oversee control functions performed by offshore teams to ensure accuracy and completeness
• Ensure that escalation procedures are followed
• Provide necessary information for auditors during internal and external exams
• Identify existing and potential risk, and work with other areas to minimize or eliminate the risk
• Intermediate working knowledge of Outlook, Word, and Excel
• Ability to create, modify, and troubleshoot Excel Macros
• Working knowledge of SharePoint
• 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
• Creative thinker to reengineer some of the current manual workflow processes including Macro development

Skills Desired

• Process automation VBA/SQL capabilities strongly preferred
• Experienced background in reconciliations preferred
• Bachelors degree; business or accounting preferred

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.

Salary range for the position: $51,000 and $82,500 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component.

Morgan Stanley offers a full spectrum of benefits, including

• Medical
• Prescription Drug
• Dental
• Vision
• Health Savings Account
• Dependent Day Care Savings Account
• Life Insurance
• Disability and Other Insurance Plans
• Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually)
• 10 Paid Holidays
• 401(k)
• Short/Long Term Disability

Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

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.