Service Associate

Morgan Stanley; BLOOMINGTON (MN); On-site; USD 35,000 - 90,000; Full time

Benefits offered by this job

Medical benefits

401(k)

Paid time off

Paid holidays

Dental insurance

Vision insurance

Job summary

Morgan Stanley is seeking a Service Associate for operations support at our Bloomington, MN location. The role covers document maintenance, money movement, trade support, and approvals, with a focus on resolving issues using available resources and elevating matters when needed.

Qualifications include a high school diploma (college degree preferred) and strong PC skills. The position emphasizes compliance, risk awareness, and collaboration with Sales, Service, Risk and Home Office partners.

Qualifications

• High School Diploma or equivalent.
• College degree preferred for advancement.
• Industry experience is a plus.

Responsibilities

• Manage documents with quality reviews and electronic filing.
• Oversee mail distribution and time stamping.
• Perform basic money movement and approvals.
• Assist with processing trade adjustments and audits.
• Support audit readiness and compliance with firm policies.

Skills

MS Office

Writing skills

Attention to detail

Teamwork

Adaptability

Series 7/66 prep

Education

High School Diploma

College degree preferred

Industry experience is a plus

Tools

Microsoft Office

Job description

POSITION SUMMARY

Service Associates perform operational support and oversight on behalf of the Market as well as general management support functions and special projects. The role is responsible for daily functions such as document maintenance, money movement, trade support and various approvals. The Service Associate must have the ability to resolve problems using all available resources and elevate matters, as necessary.

DUTIES and RESPONSIBILITIES

OPERATIONAL SUPPORT

• Manage documents, including quality reviews for accuracy and completeness, scanning and electronic filing


• Oversee and distribute incoming and outgoing mail, including opening, sorting, time stamping and distributing regular and/or overnight mail at multiple points throughout the day


• Perform basic money movement functions such as check deposits, issuing checks and cash and securities transaction approvals


• Assist with processing of trade adjustments and responding to operational alerts


• Execute actionable items upon review of delegated reports and requests to meet service level expectations in a timely manner


• Support the Service and Risk Management team in audit preparedness through ongoing monitoring of accounts and processes, ensuring compliance with firm policies and regulatory requirements


• Remedy and/or elevate service breaks to management team

OTHER

• Assist with special projects (e.g., recruit onboarding support)


• Identify Firm services and solutions that support clients’ needs including secure, digital offerings like Morgan Stanley Online and Morgan Stanley Mobile including remote deposit capture features


• Maintain focus on evolving policy and platform changes, participating in training opportunities and conference calls as needed


• Perform various other administrative duties on behalf of the branch (e.g., telephone coverage, ordering supplies, facilities support)


• Serve as a resource to sales, service, risk and Home Office partners on behalf of Service Managers


• Organize and track progress against operational remediation projects

EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS

Education and/or Experience

• High School Diploma/Equivalency


• College degree preferred


• Industry experience is a plus

Knowledge/Skills

• Strong computer skills and knowledge of Microsoft Office products


• Exceptional writing, interpersonal and client service skills


• Detail oriented with superior organizational skills and ability to prioritize tasks


• Team player with the ability to collaborate with others


• Ability to work in a fast-paced, evolving environment


• Willingness to obtain Series 7 (GS) and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA)

Reports to

Service Manager

To qualify

Applicants must be legally authorized to work in the United States and must not require, now or in the future, sponsorship for employment visa status.

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: $35,360 - $90,000 / Yr. 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 10 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit benefits.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.