Pledge Mortgage Associate Job at Morgan Stanley
Pledge Mortgage Associate
Job Number:
3234994
POSTING DATE: Apr 3, 2023
PRIMARY LOCATION: Americas-United States of America-Utah-South Jordan
EDUCATION LEVEL: Bachelor's Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
DESCRIPTION
Company Profile
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.
WEALTH MANAGEMENT (WM) OPERATIONS
Wealth Management Operations is a global organization operating in 11 cities across 7 countries in support of Wealth Management with client assets of $2.4T, 6.6M client accounts, and ~16K Financial Advisors. The organization drives operational excellence by supporting business growth, enhancing the client experience, and improving operational efficiency with a strong foundation in risk and financial management through its member divisions; Chief Operating Office, Client Service Risk & Control, Capital Markets & Core Processing Operations, Product Operations & Account Services, Private Banking Operations, and Tax & Client Reporting Operations.
The Private Banking Operations — Pledge Mortgage team is seeking a driven and motivated professional who would join the team as Pledge Mortgage Operations Associate. The Pledge Mortgage Operations team supports pledge origination, servicing, and reporting related functions which focuses on residential mortgages.
The Pledge Mortgage Operations Associate would join the Operations team and would be responsible for the day-to-day operational management of pledge related requests and projects. The candidate is expected to eventually take on roles of increasing responsibility within the Operations team.
Responsibilities Include:
> Reviewing client collateral and providing funding requirements to MSPBNA
> Performing pledged asset set up and maintenance requests
> Monitor and respond to servicing requests from Wealth Management branch offices
> Review risk reports and escalate to management when necessary
> Provide client service to the field: handle incoming calls and emails
> Managing client documentation and obtaining approval to establish the pledge
> Escalation of issues to management and provide recommendations for resolution
> Participate in projects and facilitate training to team members when needed
> Access Database and SQL knowledge is a plus
The Pledge Mortgage Operations Associate would join the Operations team and would be responsible for the day-to-day operational management of pledge related requests and projects. The candidate is expected to eventually take on roles of increasing responsibility within the Operations team.
Responsibilities Include:
> Reviewing client collateral and providing funding requirements to MSPBNA
> Performing pledged asset set up and maintenance requests
> Monitor and respond to servicing requests from Wealth Management branch offices
> Review risk reports and escalate to management when necessary
> Provide client service to the field: handle incoming calls and emails
> Managing client documentation and obtaining approval to establish the pledge
> Escalation of issues to management and provide recommendations for resolution
> Participate in projects and facilitate training to team members when needed
> Access Database and SQL knowledge is a plus
QUALIFICATIONS
Skills Required:
Skills Desired:
- 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 internal MS systems a plus
- Understanding of banking rules and regulations
- Knowledge of VBA and/or SQL a plus
Role is Hybrid and will require in office attendance 3 days/week. #LI-Hybrid
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).
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