Director (AVP) - Alternative Investment Services Operations

Director, Alternative Investment Services

We're seeking someone to join our team as a Director within the Alternative Investment Services (AIS) team supporting the Portfolio Solutions Group (PSG), you oversee operational and portfolio management support for multi-asset funds, separately managed accounts, and private equity vehicles. You play a pivotal role in shaping and executing the operating model, ensuring accuracy, efficiency, and strategic alignment across investment operations.

In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is an Advanced Specialist position at Director level within Product Support & Services IM, which is responsible for providing transaction support and managing post execution processes.

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals. Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on

What you'll do in the role:

• Actively monitoring portfolio investment and investor subscription and redemption activity for multiple PSG portfolios and custodian banks; ensuring satisfactory settlement of those transactions, including cash distributions and receipts; and developing significant levels of expertise of the holdings, terms, and transactions of multiple portfolios, in order to provide intuitive and proactive accounting oversight of these portfolios.
• Providing regular daily portfolio, investment, and performance reporting and investment management support and responding to numerous ad hoc requests from investment management, investors and other internal and external stakeholders.
• Overseeing third-party service providers in posting activity to the portfolios' general ledger and maintaining portfolio level activity in PSG's investment book of record portfolio accounting system, Investran.
• Ensuring the integrity of transactional and valuation data in Investran through the review of contract notes, capital statements and underlying fund correspondence, and working with the pricing team to resolve any transaction or valuation discrepancies.
• Reconciling transactions, valuations, management and performance fee calculations, P&L components, and other activity between Investran and the third-party service providers' records on a monthly or quarterly basis to ensure accuracy. Verifying accuracy of investor capital balances, NAV allocations, and capital activity on a monthly or quarterly basis.
• Reviewing daily cash reconciliations performed with multiple custodian banks and ensuring outstanding items are resolved on a timely basis.
• Preparing monthly performance reports for investment management and clients using valuations from underlying investments, cash balances, and derivatives valuations. Tracking email correspondence within the team's group mailbox and escalating time sensitive correspondence to the appropriate internal parties.
• Performing monthly compliance reporting and highlighting instances in which there may be potential noncompliance with the portfolios' governing documents.
• Providing support for Fund, regulatory, and other audits; attending valuation committee meetings; assisting with preparation of materials for periodic board of director meetings; assisting with review of offering documents for new products and supporting other areas of product development, as needed.
• Working effectively with third-party service providers and internal parties to ensure a high level of service for the portfolios; raising service issues in an appropriate manner and following up issues to resolution; creating or enhancing processes to improve the efficiency of the Operations and investment teams.

What you'll bring to the role:

• Bachelor's degree, or equivalent, in Accounting, Finance, or related business field.
• A minimum of three years of experience in operations is required; experience with accounting is preferred.
• Knowledge of hedge funds, private equity, or fund of funds investment accounting or derivatives, or experience with Investran, is a plus.
• Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner.
• Strong relationship management and communications skills.
• Detail-oriented and highly motivated.
• Ability to work effectively with minimal supervision.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients helping them reach their goals. We do it in a way that's differentiated and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.