Private Banking Operations - Margin Analyst - Wealth Management Operat
Posted on Jan 30, 2019 by Morgan Stanley USA
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.
Wealth Management Operations
Global Wealth Management Operations provides brokerage, investment and financial services to hundreds of thousands of individual investors. We apply our expertise in serving institutional clients to create new opportunities for people to achieve their personal financial goals. Morgan Stanley has one of the largest retail brokerage networks, with numerous worldwide representatives and retail locations. Our services are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance and annuities.
The Margin Associate monitors the daily activities of cash and margin accounts to ensure compliance with the regulations of the Federal Reserve Board (Regulation-T), FINRA, and Morgan Stanley?s own internal credit policies. Analyzes accounts with credit and risk issues associated with risky trading strategies. Issues maintenance calls on accounts that fall below minimum margin requirements. File extensions with FINRA on open trades. Reviews and approves client requests for payments, transfer of assets within Morgan Stanley Wealth Management and transfer of assets to other financial organizations. The Margin Associate responds to branch inquiries related to, but not limited to, cash available, buying power, option calculations, margin day trading, trade through violations and disbursement approvals. The Margin Associate reviews and maintains the accuracy of customer margin account records of securities purchased creating REG-T, House and FINRA calls. The Margin Associate interacts with the branch network regarding the remediation of margin accounts requiring action due to down market exposures creating House and FINRA calls and deficit equity. The Margin Associate ensures that all customer accounts with outstanding regulatory exceptions are brought into compliance regarding retention house requirements, FINRA 4210, and Regulation-T.
The Margin Associate conducts daily account surveillance activities and enforces sellouts and buy-ins with the Branch offices. Work on ad-hoc projects within the department. Prepare and present Margin presentations and reports to management as well as the Field.
Skills required (essential)
Bachelors Degree required
Knowledge of Regulation T and FINRA rules.
Knowledge of Equities, Fixed Income Products, and Options.
High level of customer service.
Strong problem solving and analytical skills.
Ability to use appropriate analysis, judgment, and logic when solving problems & making decisions.
Excellent teamwork, communication and presentation skill.
Desire to work in a Team Oriented environment.
Experience in VISIO a plus.
Ability to listen and communicate effectively with others both verbally and written.
Ability to relate well with others and build relationships.
Ability to work under pressure in a time sensitive environment. Private Banking Operations - Margin Analyst - Wealth Management Operations