Cost Basis Reporting Associate

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 21 May 19

Cost Basis Reporting Associate

Company Profile
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.

Department Profile
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.

Background on the Team
The Gain Loss Department is responsible for ensuring that all cost basis reporting obligations are met for the Firm's Wealth Management clients. The role includes, but is not limited to, servicing Financial Advisors in resolving cost basis related inquiries or reconciling discrepancies between various processing systems to ensure accuracy of cost basis reporting to meet the Firm's regulatory obligations.

Primary Responsibilities
-Assists FA's with service inquiries via a Ticketing Portal system or phone
-Process daily reconciliation and ad hoc report reviews
-Assist in creating and maintaining desktop procedure documentation

Qualifications:

Skills required
-College degree in Business
-Prior cost basis or tax experience
-Detail oriented with good analytical and problem solving ability
-Prior experience with WKFS GainsKeeper application a plus
-Strong written and verbal communication skills dealing with various business, operational units and vendors