Morgan Stanley is a global leader in executing transactions in cash equity-related products for institutional clients around the world. These products include common stocks, global depository receipts and exchange-traded funds.
Intern**
About the job
Responsibilities
- Gain industry and organizational knowledge through daily business interactions and job assignments.
- Develop business, financial and analytical skills needed for career in global wealth management and financial services.
- Provide marketing and sales support to branches and their teams.
- Perform market research.
- Gain exposure to wealth management business, products, services and clients’ financial needs.
Requirements
- High school diploma required. In pursuit of college degree preferable.
- At least 18 years of age.
- Internships are intended to be positions that are for limited duration, with a maximum duration ten months.
- Strong desire to gain further understanding of the global wealth management business.
- Effective communication and interpersonal skills (both written and verbal)
- Ability to work on a team.
- Strong analytical skills and ability to interpret.
Morgan Stanley’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Virtual Engagement Associate (VEA) – New York
About the job
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
The Virtual Engagement Associate Desk provides Financial Advisors (FAs) with dedicated infrastructure and support through innovative business development strategies to strengthen client relationships and promote business growth. Team members will collaborate with partners across the Morgan Stanley ecosystem and learn the skills necessary to succeed as a wealth management professional.
The VEA Program Offers a Variety Of Offerings
- Digital VEAs Learn to create, enhance, and implement custom digital marketing and communication strategies. They leverage the Firm’s tools to help FAs increase client engagement and deliver consistent communication through websites, social media, and Morgan Stanley’s proprietary email communication and marketing system.
- Planning VEAs Build authentic goals-based financial plans for clients and prospects. They utilize Morgan Stanley’s Financial Planning tools to support FAs by enhancing their financial planning process.
Position Overview
The VEA Program is a 2-year program which provides an exciting opportunity for recent graduates of all undergraduate majors and backgrounds to:
- Gain their Securities Industry Essentials (SIE) Exam prior to joining the Firm, as well as the Series 7, and Series 63 licensing exams through Firm sponsorship upon starting full-time
- Get firsthand experience consulting and working directly with FAs and their teams and learn about their business model and wealth management
- Upon completion of the program, you have the flexibility of being promoted into a Senior VEA role or the support to look for other opportunities throughout the Firm
How VEAs Make An Impact
- Be an effective communicator: Adapt communication styles to adhere to a diverse array of people and situations and drive business opportunities
- Be an innovative thinker: Develop and share new ideas to attract and retain clients and contribute to the future growth of the business
- Be a problem solver: Demonstrate empathy and help FAs with their inquiries, to create an exceptional client experience in a fast-paced environment
- Be your own advocate: Strive for excellence in your role and work with your manager to prepare for future career advancements that align with your goals as a professional
Benefits Of Being a VEA
- Develop a robust understanding of wealth management and gain insight into one of the world’s leading financial institutions
- Invest in your career with a top tier learning and career development experience combining online learning courses, as well as on the job training
- Benefit from a competitive base salary and a wide range of additional benefits including paid time off, savings programs, health care, insurance plans, student loan refinancing, fitness subsidy, and more
- Access to 401(k) offering with competitive Firm matching, as well as access to the Morgan Stanley Employee Stock Purchase Program
Skills You Bring
We seek candidates from a variety of academic backgrounds who have a heightened interest in financial services. Successful VEAs have a unique blend of interpersonal and analytic skills that they leverage to build relationships with FAs and serve as a consultant for their client engagement and planning strategies.
Specific Qualifications Include
- Must hold a bachelor’s degree; 0-3 years professional experience in finance, business development, management, marketing, sales, legal, accounting, education, military, or other business-related field preferred, but open to all majors
- Securities Industry Essentials (SIE) exam required prior to start date, Series 7 and 63 preferred prior to start date, otherwise required within 90 days of joining the desk
- Exemplary communication, presentation, problem solving, and time-management skills
- Organized, focused, and highly disciplined
- Able to balance simultaneous competing needs of their assigned FAs and execute on all necessary actions in a timely manner
- Authorization to work in the U.S. without durational restrictions
- Successful completion of background check and pre-employment assessments
Expected base pay rates for the role will be between $57,000 and $115,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Equity Operations Associate
About the job
We’re seeking someone to join our team as an Equity Operations Associate in ISG Equity Operations to be responsible for a wide range of functions critical to the execution and support of exotic derivatives, structured products, and equity trades.
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 Associate level position within Product Support & Services, 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
- Process transactions/tasks within coverage area
- Respond to client requests with accuracy and speed, ensuring compliance with all policies and procedures
- Follow escalation framework, taking responsibility for identifying, escalating and preventing issues
- Raise issues, question others and offer solutions/ideas
- Reconcile all positions and products on a daily basis
- Reconciliation of trading positions to Risk (RV) and Firm’s books and records (TAPS)
- Review various daily reports to resolve breaks and make needed trade amendments
What You’ll Bring To The Role
- Ability to build trust and find innovative ways to improve teamwork, functions/processes and create a positive work environment
- Understanding of business area supported, client requirements, and importance of not compromising control to comply with client requests
- Culture carrier across Operations, embracing the Firm’s core values
- At least 2 years’ relevant experience would generally be expected to find the skills required for this role
- Bachelors Degree or equivalent (any discipline)
- The ability to work in a constantly changing environment; identifying where process improvements can be made
- Guardianship focused, with the ability to identify risk areas and question accordingly
Role is Hybrid and will require in office attendance 3 days/week.
Team Administrator**
Position Summary
The Team Administrator is responsible for providing support for Financial Advisor(s), such as calendar management, client calls and information requests. The role requires a highly organized individual with strong attention to detail and the ability to multi-task.
DUTIES And RESPONSIBILITIES
- Manage calendars and coordinate internal and external events and meetings for the team, including logistics, attendees, materials and communications
- Monitor email, answer phone calls, mail services, general copying, filing and scanning
- Schedule travel and process expense reports
- Assist with client and prospect meeting preparation
- Proactively participate in firm initiatives directed by local management
- Actively engage in available training and education programs to maintain current status on policies, procedures and risk awareness
- Identify Firm services and solutions that support clients’ needs including secure, digital offerings like Morgan Stanley Online and Morgan Stanley Mobile
- Facilitate and/or conduct ad hoc projects, training, and events for the team as necessary
- Administer other duties as delegated by the team
Note: Role is not responsible for soliciting and processing client account requests
EDUCATION, EXPERIENCE, KNOWLEDGE, And SKILLS
Education and/or Experience
- High school diploma required
Knowledge/Skills
- Detail orientated with superior organizational skills
- Advanced Microsoft Office skills (Word, Excel, Outlook and PowerPoint)
- Effective communication and interpersonal skills (both written and verbal)
- Strong time management skills
- Team player with the ability to collaborate with others
- Ability to work in a fast-paced, evolving environment
- Adaptable and ability to multitask
- Willingness to obtain Series 7 (GS), and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA)
Reports To
- Business Service Officer