WM Escheatment Operations- Associate

Morgan Stanley; Baltimore (MD); On-site; USD 51,000 - 83,000; Full time

Benefits offered by this job

401(k)

Paid time off including parental leave

Medical and dental benefits

Disability insurance

Job summary

Morgan Stanley is seeking an Associate in WM Escheatment Operations in Baltimore, Maryland. In this role, you will collaborate with branches and key stakeholders to ensure timely reporting and delivery of eligible accounts to state authorities, while managing the escheatment campaigns across the seasons.

You will need to establish clear goals, support financial transactions, and develop client relationships. Ideal candidates should have at least 2 years of relevant experience and strong skills in data analysis and client management.

Qualifications

• Minimum of 2 years of relevant experience.
• Proficiency in analyzing large datasets.
• Knowledge of unclaimed property regulations and SEC 17a‑17 is welcomed.

Responsibilities

• Collaborate with branches and key stakeholders to ensure timely reporting.
• Manage three escheatment campaigns and ensure compliance.
• Develop and maintain internal and external client relationships.

Skills

Organizational skills

Critical thinking

Collaboration and teamwork

Client relationship management

Data analysis

Job description

Overview

We're seeking an Associate in WM Escheatment Operations to collaborate with branches and key stakeholders across multiple businesses to ensure timely reporting and delivery of eligible accounts and assets to state authorities in accordance with state escheatment guidelines. Escheatment Operations manages three key campaigns across Spring, Summer, and Fall.

In the Operations division, the Associate partners with business units across the firm to support financial transactions, devise and implement effective controls, and develop client relationships. This role is part of the Client Service & Relationship Management group, engaging in client service activities, optimizing the client experience, and managing vendor/external partner relationships.

Key Responsibilities

• Collaborate with branches and key stakeholders to ensure timely reporting and delivery of eligible accounts and assets to state authorities.
• Manage three escheatment campaigns (Spring, Summer, Fall) and ensure compliance with state and federal guidelines.
• Support financial transactions and devise/implement effective controls for operations.
• Develop and maintain internal and external client relationships and manage vendor/external business partner relationships.
• Analyze large datasets to identify potential process anomalies and report to management.

Qualifications

• Ability to establish clear goals and prioritize tasks with minimal guidance.
• Subject‑matter expertise in the supported business area and client requirements; ensure controls meet client requests.
• Strong cultural fit across Operations, embracing the firm’s core values.
• Comprehensive knowledge of functional area, operational, and compliance policies and procedures.
• Excellent collaboration and teamwork skills, including strong interpersonal communication.
• Organizational skills with strong attention to detail and ability to manage multiple deadlines.
• Ability to identify and raise potential process anomalies to management in a timely manner.
• Knowledge of unclaimed property regulations and SEC 17a‑17 is welcomed.
• Critical thinking, organizational, and problem‑solving skills.
• Proficiency in analyzing large datasets.
• Minimum of 2 years of relevant experience.

Compensation & Benefits

Salary range: $51,000 – $83,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award and participation in the relevant business unit’s incentive compensation plan, which may include a discretionary bonus component.

Benefits include medical, prescription drug, dental, vision, health savings account, dependent day‑care savings account, life insurance, disability, paid time off (including sick leave, parental leave, 20 vacation days annually), 10 paid holidays, 401(k), short/long‑term disability, and other special perks.

Equal Opportunity

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 a strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. For more information, please visit https://www.morganstanley.com/people-opportunities/eeo.