Cash Transaction Services - Associate - Firmwide Operations

Morgan Stanley
Baltimore, MD
Oct 14, 2021
Oct 16, 2021
Full Time
Company Profile Morgan Stanley is an investment bank and financial services company, with a global presence in 41 countries, having its world headquarters in New York City. The company operates in three business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Securities Group provides institutions with services such as capital raising and financial advisory; the Global Wealth Management Group offers stockbrokerage and investment advisory services to high-net-worth individuals; and the Investment Management Group features asset management products and services in equity, fixed income, alternative investments, real estate investment, and private equity to institutional and retail clients. Four core values guide the company culture: putting clients first, doing the right thing, leading with exceptional ideas and giving back. Joining the team of more than 60,000 employees, you can embark on a true global journey and find opportunities as a graduate, experienced professional, technology professional or financial advisor. The firm boasts an impressive amount of 16,000 financial advisors who are the core of the business. When you get hired, you will become a part of an inclusive and diverse team, where your talent and skills will be recognized and rewarded. Morgan Stanley offers programs in response to specific life situations, such as a veteran program for military veterans or the Return to Work program for those who wish to relaunch their career after time away. Department Profile Payment control has primary responsibility of controlling all cash activities across the global Morgan Stanley franchise. The Division has a global presence with offices in New York, London, Glasgow, Baltimore, and Mumbai. Asia Payment Control Management team is located in Mumbai encompassing four functions: Cash Transaction Services, Treasury Trade Support and Liquidity Management, and incoming OFAC screening. Background on the Team The Cash Transaction Services team have oversight of payments booked within the Firm on behalf of clients as well as the Firm (proprietary business). CTS acts as the last line of defense for the firm, in performing due diligence for payments being released to street providing a centralized and controlled environment. The team's scope of work aims at independent Investigation and releasing payments initiated by Business Units and Liquidity management teams. The team aims at seamless and timely investigating payments raising exceptions and ensure payments going out of Morgan Stanley are in accurate and secure state and they are compliant against relevant policies and procedures. Liaise with Business Units, AML, Legal and Risk teams to ensure payment exceptions are actioned in a timely manner to avoid payments failures. Partner with Liquidity management monitoring Intraday Liquidity and monitor cutoff times in all currencies for all business units and ensure that all valid payments are released prior to cutoff Provide payment advice, conduct research, and investigate Business Unit queries for resolution Primary Responsibilities The successful candidate will report directly into the Director. The primary tasks for the successful individual will include: Perform monitoring and exceptions processing of daily cash disbursement queue Communicate closely with Compliance department, Operations, and external Agent Banks during the day for investigation of issues and respond to phone / email inquiries Participate in initiatives and projects that improves efficiency of the process, enhances control and supports new businesses Able to track and produce metrics for management review Able to identify trends, propose and implement streamlining initiatives to improve processes Skills required Product knowledge: basic banking knowledge desired Language: English required PC skill: Excellent PC skills in data analysis and producing presentations. Other competencies Independent self-starter and excellent team-player Good communication, problem-solving and interpersonal skills are required Attention to details Ability to multi-task, priorities and manage daily workflow Flexibility to adapt and respond to client request in a fast paced environment Willingness to work on public holidays. Qualifications/experience specify required or desired University graduates in finance or other related disciplines Experience in Financial Services industry desired Experience in Operations desired