E*Trade Clearing Operations Associate – 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.

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.

E*TRADE, a member of the Morgan Stanley family of companies offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Flexible Spending Account or Health Savings Account, Life Insurance, Disability and other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays, 401(k) and financial wellness plans in addition to other special perks reserved for our employees. Please visit Employment benefits at E*TRADE Financial explore jobs (etradecareers.com) learn more about our benefit offerings.

Background on the Position

This position is in strategic support of Clearing Operations functions, these include but may not be limited to Purchase and Sales, Settlements, Corporate Actions, and Custody Operations. This role will consist of executing manual validation of core clearing operations processes, validation of corporate actions elections, dividend event announcement details, settlement economics, trade cancel/corrects, etc.

Responsibilities

• Work closely within the team and our vendor to ensure daily processes are completed accurately and in a timely manner.
• Multitasking across multiple systems and email inboxes
• Identify areas for process improvement and/or risk controls

Qualifications

• Undergraduate degree
• General knowledge of all security types (equities, fixed income, mutual funds, options) and their associated data elements.
• Exceptional decision making and critical thinking competencies.
• Superior analytical, interpersonal, communication (written, verbal, and technical), presentation, negotiation and problem-solving skills
• Possess solid knowledge of Microsoft office products, especially Excel

Role is Hybrid and will require in office attendance 3 days/week.

Posting Date

Jan 20, 2023

Primary Location

Americas-United States of America-Utah-Sandy

Education Level

Bachelor’s Degree

Job

Other

Employment Type

Full Time

Job Level

Associate