Reconciliations & Control Specialist Croydon, England
Morgan Stanley
Full Time
Croydon, England
59385 - 69263 GBP ANNUAL Today
Job description
Reconciliations & Control Specialist
Job Number:
3233952
POSTING DATE: Mar 23, 2023
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-Croydon
EDUCATION LEVEL: Bachelor's Degree
JOB: Wealth Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Assistant Vice President
DESCRIPTION
Shareworks by Morgan Stanley is designed to simplify the complexities of equity plan management, while helping employees realise the full potential of their benefits through our world-class software platform which combines cutting-edge technology with outstanding client service and premier wealth management capabilities.
Located in East Croydon, UK and reporting to the Manager of Reconciliations & CASS, the successful candidate will be required to undertake various reconciliation and control activities including the daily completion of reconciliations directly linked to our Client Asset (CASS) reporting requirements. These include reconciling bank and share positions from our external bank and brokerage sources to our internal system – Shareworks, verification and validation of activity over third party accounts and validation/affirmation of daily controls. The area’s activities are directly related to the FIRM’s FCA CASS and regulatory obligations and help support our daily and monthly reporting requirements. You will be in regular contact with internal stakeholders, external banking partners, custodians and brokers.
Our focus is to provide best in class operations processes that consistently fulfil the Shareworks service promise. Our commitment to all of our customers is to deliver “Everyday Excellence” – service that can redefine the expectations of our customers. These core beliefs permeate our culture and enable us to continue to evolve our service delivery to a global industry-leading standard.
We require a self-motivated individual who thrives on a challenge and is committed to assist with our corporate goals and focus to ensure that Shareworks by Morgan Stanley EMEA becomes an industry leader in the UK and Europe. You will need to be highly motivated, delivery focused and detail orientated to ensure we’re able to provide the best possible service with maximum control. You will work well in a team environment and are also capable of working independently. An ability to adapt within a fast paced, ever changing working environment is a must, coupled with a desire for continuous learning and career advancement. #LI-RF1
Located in East Croydon, UK and reporting to the Manager of Reconciliations & CASS, the successful candidate will be required to undertake various reconciliation and control activities including the daily completion of reconciliations directly linked to our Client Asset (CASS) reporting requirements. These include reconciling bank and share positions from our external bank and brokerage sources to our internal system – Shareworks, verification and validation of activity over third party accounts and validation/affirmation of daily controls. The area’s activities are directly related to the FIRM’s FCA CASS and regulatory obligations and help support our daily and monthly reporting requirements. You will be in regular contact with internal stakeholders, external banking partners, custodians and brokers.
Our focus is to provide best in class operations processes that consistently fulfil the Shareworks service promise. Our commitment to all of our customers is to deliver “Everyday Excellence” – service that can redefine the expectations of our customers. These core beliefs permeate our culture and enable us to continue to evolve our service delivery to a global industry-leading standard.
We require a self-motivated individual who thrives on a challenge and is committed to assist with our corporate goals and focus to ensure that Shareworks by Morgan Stanley EMEA becomes an industry leader in the UK and Europe. You will need to be highly motivated, delivery focused and detail orientated to ensure we’re able to provide the best possible service with maximum control. You will work well in a team environment and are also capable of working independently. An ability to adapt within a fast paced, ever changing working environment is a must, coupled with a desire for continuous learning and career advancement. #LI-RF1
Responsibilities of this position
- Reconciliation of data including share and cash movements between internal and external systems to establish requirement vs resource.
- Initiating reconciliation items for investigation via reconciliation tracking system and driving the business for timely closure of said items.
- Daily and monthly reporting support for team management.
- Supporting the settlements team with reconciliation lead enquiries.
- Following established rules that support FCA and CASS compliance and audit processes and escalating issues as required.
QUALIFICATIONS
Key attributes for this position
- Analytical, accurate, and strong problem solving skills essential.
- Self-motivated team player with strong communication skills and willingness to learn.
- Strong Excel skills
- Comfortable with technology and technical concepts.
- Comfortable in a fast paced changing environment.
- A deep belief in team success, collaboration and a willingness to adapt to continuous change
- An ability to work independently, handle numerous assignments concurrently and consistently be a self-starter that excels at meeting and exceeding professional goals
Preferred but non-essential as on the job training will be provided
- Knowledge of reconciliations, both automated and excel driven.
- An ability to articulate reconciliation issues both in verbal and written form to help aid swift resolution.
- Previous reconciliation or accounting background would be advantageous, but not essential.
- Understanding of trading, settlement and stock market related topics including banking processes
- Familiarity with the FCA and CASS requirements
