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 clients' (hedge funds) portfolios and perform various reconciliations to ensure the client NAV is correct. This role also involves 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 & 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: Perform review of standard MSFS confirmation, which is 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 exceptions in case of discrepancy.

- Ensure that all exceptions in the CERT processes are highlighted or escalated, if required, to the appropriate level.

- Update and coordinate with the Accounting team on 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.

Qualifications:

Skills required:

- Bachelor’s degree

- Strong communication skills, both written and verbal

- Prior work experience in financial services, with knowledge of hedge fund processing being a strong advantage

- Good administrative and organizational skills with a focus on accuracy and attention to detail

- Ability to work under pressure and manage increased workloads at month-end

- Ability to work as part of a virtual team spread across different time zones and geographies

- Proficiency in key financial systems and other IT tools

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