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 prices of the securities in the clients' (hedge fund) portfolio as well as perform various reconciliations to ensure the client NAV is correct. Responsibilities also include 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: To provide clients with correct valuations for their investment portfolio across various financial products like equities, options, swaps, CDS, etc. This involves verifying and comparing valuations against various feeds received from NASDAQ, NYSE, Bloomberg, etc., and highlighting issues in cases of discrepancy.

- Daily & Month-end cash and positions reconciliations: As a fund administrator, reconcile all positions and cash balances across various financial products in the client’s portfolio with the counterparty statements and report exceptions. Knowledge of corporate actions and accounting entries is required in the reconciliation process.

- Review of Audit Confirmations: Performing review of standard MSFS confirmation released to investors’ auditors providing the Investors’ holding for the audit period.

Principal Duties:

- Ensure the portfolio has been valued as per the client’s offering memorandum and highlight discrepancies.

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

- 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 deadline and escalate in case of delay.

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