Job Description

Job Function: Centralized Exception Reporting Team (CERT)

Department: Morgan Stanley Fund Services

Designation: Associate/Senior Associate

Position Description:

The Associate/Senior Associate will validate the prices of the securities in clients’ (hedge fund) portfolios and perform various reconciliations to ensure the client NAV is correct. Additionally, they will be responsible for reviewing other documents such as audit confirmations.

Morgan Stanley Fund Services (MSFS), a wholly owned subsidiary of Morgan Stanley, provides fund administration services to the world’s leading hedge funds. MSFS has offices in New York, London, Hong Kong, Dublin, Mumbai, Bangalore, and Glasgow.

Overview of the functions performed by CERT:

- Daily & Month-end pricing checks

- Provide clients with correct valuations for their investment portfolios across various financial products like equities, options, swaps, CDS, etc.

- Verify and compare valuations against various feeds received from NASDAQ, NYSE, Bloomberg, etc., and highlight issues in cases of discrepancy.

- Daily & Month-end cash and positions reconciliations

- Reconcile all positions and cash balances across various financial products in clients’ portfolios with the counterparty statements and report exceptions.

- Consider the specific features of the financial products during the reconciliation process.

- Knowledge of corporate actions and accounting entries is required.

- Review of Audit Confirmations

- Perform reviews of standard MSFS confirmations released to investors’ auditors, providing the investors’ holdings for the audit period.

Principal Duties:

- Ensure the portfolio is valued as per the client’s offering memorandum and highlight exceptions in case of discrepancies.

- Highlight or escalate all exceptions in the CERT processes to the appropriate level, if required.

- Update and coordinate with the Accounting team about the status of pricing and reconciliation on a real-time basis.

- Achieve all daily/monthly deliverables by the defined deadlines and escalate in case of delays.

For further information, and to apply, please visit our website via the “Apply” button below.