Assoc, Professional, P2, Core Services, NEX Job Level Associate

We are seeking an Associate in Tax Operations

The Associate in Tax Operations specializing in Cost Basis Reporting supports the accurate and timely processing of tax lot data reconciliation of gain/loss transactions and resolution of cost basis discrepancies. This role is essential to ensuring compliance with IRS regulations enhancing client experience and supporting operational stability across platforms such as E*TRADE Shareworks and Morgan Stanley legacy systems.

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 Professional position at the P2 level within Core Services which is responsible for performing and managing product-agnostic and centralized operational services across several businesses and products.

Since 1935 Morgan Stanley is known as a global leader in financial services always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Key Responsibilities
Cost Basis Reconciliation: Analyze and resolve tax lot breaks across platforms including unrealized and realized discrepancies. Partner with G/L teams to ensure readiness for 1099 prelims
1099-B Reporting Support: Assist in the validation and reconciliation of 1099-B data including testing and UI enhancements for reporting tools
Corporate Actions & Transfers: Monitor and process cost basis adjustments related to mergers acquisitions forfeitures and external transfers. Ensure wash sale data and adjusted basis records are accurately captured
Client Service & Escalation: Respond to cost basis inquiries routed through CSMs and RMs. Collaborate with Premium service teams and Virtual Client Solutions to manage escalations and ensure timely resolution
Training & Documentation: Maintain and update training materials and SOPs for cost basis workflows. Support onboarding and cross-training initiatives for new hires and mobility transfers
Technology & Process Improvements: Contribute to automation efforts including BOTs and reporting platform enhancements. Identify opportunities for efficiency gains and partner with tech teams to implement solutions

Qualifications
Bachelors degree in Accounting Finance or related field.
1-3 years of experience in tax operations or cost basis reporting preferred.
Familiarity with IRS cost basis regulations including covered vs. non-covered securities
Proficiency in Excel tax reporting systems and reconciliation tools.
Strong analytical and problem-solving skills.
Excellent communication and organizational abilities.
Preferred Attributes
Experience with Shareworks GainsKeep

What youll do in the role:
- Execute processes/functions and/or support process management and project efforts leveraging knowledge of the systems markets and instruments that influence the team
- Recognize risk in day-to-day processes to draw out the key issues and contribute to process improvements
- Build relationships within team and internal stakeholders sharing knowledge to contribute to team output
- Participate in projects and initiatives aiding in solution formulation with a focus on timely execution

What youll bring to the role:
- Ability to establish clear goals and priorities and address non-standard issues within area of expertise with minimal guidance and supervision
- Subject matter expertise in business area supported client requirements and ability to ensure control is not compromised to comply with client requests
- Culture carrier across Operations embracing the Firms core values
- At least 2 years relevant experience would generally be expected to find the skills required for this role

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back that guide our more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find trusted colleagues committed mentors and a culture that values diverse perspectives individual intellect and cross-collaboration. Our Firm is differentiated by the caliber of our diverse team while our company culture and commitment to inclusion define our legacy and shape our future helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: 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.

Morgan Stanleys 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. United States (All States) 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. Asia and India Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $65000.00 and $103000.00 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. New York City New York Effective September 17 2023 Expected base pay rates for the role will be between IN

Morgan Stanleys 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).