Fund Services - Accounting Summer Associate Program (Apr 2024)

About Morgan Stanley

Since its founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services.

Your role

MSFS(Morgan Stanley Fund Services ) is a leading global hedge fund administrator. Through its regional offices, subsidiaries, and affiliates, MSFS provides its products and services to a large and diversified group of clients, including hedge funds and asset management firms.

The program has been designed to develop highly motivated professionals by providing a stimulating and supportive environment to understand the business and achieve the maximum potential.

Roles and responsibilities

• Understand the hedge fund administration business.
• Understand global financial products like Equities, Swaps, Bonds, Derivatives, Credit Default Swap (CDS), Internal Revenue Service (IRS), Forex (FX), Over-the-counter (OTC), etc., and learn accounting processes for the same.
• Price verification of financial products in client portfolio.
• Daily and month-end reconciliations of client portfolio.
• P&L analysis of client portfolio.
• Ensure adherence to internal checks about policies, procedures, and offering documents of hedge funds.

Training & development 

The MSFS Internship Program has been designed to develop highly motivated professionals by providing a stimulating and supportive environment to understand the business and achieve maximum potential.  On joining, you will go through a training program that covers business process and systems training.

Summer Associates spend eight to ten weeks working on live projects, understanding the business workings and how Investor Services supports Morgan Stanley and its businesses.

Benefits

Below are the employee benefits at Morgan Stanley:

• Healthcare care & Insurance
• Life Insurance
• Vacation & Paid Time Off
• Maternity and paternity Leave
• Work From Home options 
• Student loan refinancing for you, your family, and your friends
• An employee offers cash management, securities-based loans, and home financing solutions with options for each stage of your life.

Career progression

A wealth of opportunities for career mobility and a culture that encourages employees to take on new challenges make Morgan Stanley India a hub for professional growth.

Morgan Stanley values and embraces uniqueness and individuality, and its commitment to diversity permeates all levels of the organization. By fostering a corporate culture that is open and inclusive, its employees can achieve their own professional goals. Here, they focus on enhancing the careers of their employees by offering a variety of educational and professional development programs.

• Diversity Training
• Leadership Program 
• Project Career Development Program
• Project Impact leadership program

Work-life balance

They have a good and inclusive work culture where they hugely invest in their employees’ learning and development training. It provides flexible work hours with work-from-home options. The company operates five days a week with an average of 55 working hours.

Culture & vibe  

Morgan Stanley offers a dynamic and multifaceted environment that requires individuals to work closely with colleagues across various functions and the Business Unit in onshore regions. You will get to work with extremely talented peers in a meritocratic team-oriented culture.

About you

The requirements for the role are as follows:

• Basic understanding and an interest in financial products coupled with excellent problem-solving skills.
• Interest in accounting and its related concepts.
• Experience in MS Office preferably Excel.
• Outstanding academic record with success in extracurricular activities, along with strong communication skills and the ability to work and interact with others.

How to apply

To apply for this role, click on the "Apply on employer site" button, which navigates to the career section where the application can be filled out and submitted directly.

Sources

The following source was used in researching this page:

• Morganstanley.com/people-opportunities/perks-benefits-working-at-morgan-stanley
• Ambitionbox.com/benefits/morgan-stanley-benefits
• Youtube.com.