What are the responsibilities and job description for the Director of Possession or Control, Settlements position at Morgan Stanley?
We’re seeking someone to join our team as a Director of Possession or Control, Settlements
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, driving strategic automation solutions by embracing a transformation mindset and challenging the status quo
This is a Director, Team Specialist position at the P3 level within Core Services, which is responsible for performing and managing product-agnostic and centralized operational services across several businesses and products.
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.
At Morgan Stanley Baltimore, we support the Firm’s global Technology, Operations, Risk Management, Legal and Compliance, Internal Audit and Finance divisions. Morgan Stanley has been rooted in the Baltimore community since 2003. Our talented and diverse team is one of the largest in the U.S. outside of our New York headquarters and home to industry leading cybersecurity innovation with multiple patents and awards. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. There’s ample opportunity to move across the businesses for those who show passion and grit in their work.
The Director of Capital Market Core Processing and Regulatory Oversight leads strategic operations and compliance initiatives related to SEC Rule 15c3-3 (Customer Protection Rule), ensuring regulatory clearance and settlement support across Morgan Stanley Wealth Management and Private Wealth Management. This role requires deep subject matter expertise, strong leadership capabilities, and a proactive approach to risk management and operational excellence.
________________________________________
DUTIES And RESPONSIBILITIES
> Oversee post-trade settlement functions and regulatory possession or control processes, ensuring timely and accurate support for Morgan Stanley branches, operations teams, and their clients.
> Lead a team responsible for generating and analyzing daily deficit reports, coordinating stakeholder commentary, and escalating issues as needed.
> Conduct root cause analysis and drive resolution of operational and regulatory exceptions.
> Serve as a key escalation point for complex issues, ensuring alignment with regulatory expectations and internal controls.
> Collaborate cross-functionally to enhance operational workflows and regulatory reporting standards.
________________________________________
Responsibilities
> Advanced understanding of the Customer Protection Rule (15c3-3) and its application in brokerage operations.
> Strong knowledge of clearance and settlement processes, including operational risk controls.
> Solid accounting foundation (credits and debits) with the ability to interpret financial data.
> Demonstrated analytical skills with experience in root cause analysis and issue remediation.
> Proficiency in Microsoft Excel, Word, and PowerPoint.
> Excellent organizational and prioritization skills, with the ability to manage competing deadlines.
> Clear and concise communication skills, both written and verbal.
> Proven ability to identify and escalate high-risk issues to senior management. EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:
> Bachelor's degree required; advanced degree or certifications preferred.
> Minimum of 2 years of direct line management experience, with a track record of developing high-performing teams.
> Active or prior registration with FINRA Series 99 and SIE (or equivalent regulatory credentials).
> Deep understanding of financial industry products and regulatory frameworks.
> Experience in leading operational risk initiatives and driving compliance improvements.
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 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll 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: morganstanley.com/diversity 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 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. 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 - 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Salary range for the position: $64,000.00 - $108,000.00/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
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).
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, driving strategic automation solutions by embracing a transformation mindset and challenging the status quo
This is a Director, Team Specialist position at the P3 level within Core Services, which is responsible for performing and managing product-agnostic and centralized operational services across several businesses and products.
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.
At Morgan Stanley Baltimore, we support the Firm’s global Technology, Operations, Risk Management, Legal and Compliance, Internal Audit and Finance divisions. Morgan Stanley has been rooted in the Baltimore community since 2003. Our talented and diverse team is one of the largest in the U.S. outside of our New York headquarters and home to industry leading cybersecurity innovation with multiple patents and awards. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. There’s ample opportunity to move across the businesses for those who show passion and grit in their work.
The Director of Capital Market Core Processing and Regulatory Oversight leads strategic operations and compliance initiatives related to SEC Rule 15c3-3 (Customer Protection Rule), ensuring regulatory clearance and settlement support across Morgan Stanley Wealth Management and Private Wealth Management. This role requires deep subject matter expertise, strong leadership capabilities, and a proactive approach to risk management and operational excellence.
________________________________________
DUTIES And RESPONSIBILITIES
> Oversee post-trade settlement functions and regulatory possession or control processes, ensuring timely and accurate support for Morgan Stanley branches, operations teams, and their clients.
> Lead a team responsible for generating and analyzing daily deficit reports, coordinating stakeholder commentary, and escalating issues as needed.
> Conduct root cause analysis and drive resolution of operational and regulatory exceptions.
> Serve as a key escalation point for complex issues, ensuring alignment with regulatory expectations and internal controls.
> Collaborate cross-functionally to enhance operational workflows and regulatory reporting standards.
________________________________________
Responsibilities
> Advanced understanding of the Customer Protection Rule (15c3-3) and its application in brokerage operations.
> Strong knowledge of clearance and settlement processes, including operational risk controls.
> Solid accounting foundation (credits and debits) with the ability to interpret financial data.
> Demonstrated analytical skills with experience in root cause analysis and issue remediation.
> Proficiency in Microsoft Excel, Word, and PowerPoint.
> Excellent organizational and prioritization skills, with the ability to manage competing deadlines.
> Clear and concise communication skills, both written and verbal.
> Proven ability to identify and escalate high-risk issues to senior management. EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:
> Bachelor's degree required; advanced degree or certifications preferred.
> Minimum of 2 years of direct line management experience, with a track record of developing high-performing teams.
> Active or prior registration with FINRA Series 99 and SIE (or equivalent regulatory credentials).
> Deep understanding of financial industry products and regulatory frameworks.
> Experience in leading operational risk initiatives and driving compliance improvements.
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 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll 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: morganstanley.com/diversity 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 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. 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 - 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Salary range for the position: $64,000.00 - $108,000.00/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
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).
Salary : $64,000 - $108,000