Private Banking Operations - Tailored Lending Analyst - Wealth Management Operations

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 20 Oct 18

Private Banking Operations - Tailored Lending Analyst - Wealth Management Operations

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.

Job Duties and Responsibilities:
The Analyst within High Net worth Lending Operations Tailored Lending is responsible for the onboarding and ongoing support of Tailored Lending loans. The primary functions include: loan origination, loan document review, execution and control of disbursement and payment requests, financial reconciliation, document management, researching and delivering data & documentation related to internal/external audit requests and managing relationships between Product, Technology, Finance, Credit and various Vendors supporting the loan platform (non-MS).
In addition to the functions listed above the analyst would also expect the following:
Review control reports
Participate in various projects and testing initiatives
Updating and maintaining department metrics
Periodic updates of policies and procedures
Escalation of issues to management
Assist in handling Business Unit or Branch escalations


Skills Required:
- Ability to work well under pressure, prioritize and meet deadlines.
- Strong analytical and problem solving skills
- Excellent communication, organization and interpersonal skills
- Ability to drive change and improve efficiencies on the team
- Self-motivated and willing to assume responsibility
- Ability to drive franchise enhancing initiatives to completion
- Team building skills
- Strong knowledge of Microsoft Office
- Strong writing skills

Skills Desired:
- Basic understanding of the principals and functions of non-purpose lending
- Knowledge of Loan IQ a plus
- Knowledge of internal MS systems a plus
- Understanding of banking rules and regulations