Program Description

We’re seeking apprentices to join our Fund Services Team. This is 12 months apprenticeship program designed as an opportunity to learn more about the important role that Fund Services plays within the Firm. Apprentices will work very closely with Account Managers of Morgan Stanley Fund Services (MSFS) in ensuring proper NAV calculation of their hedge fund clients. They will also act on various requests made by the clients to update their portfolios on Morgan Stanley Portfolio Accounting (MSPA). MSPA is the accounting / reporting system of MSFS. Apprentices will also interact with the Account Manager to review accounting and performance related issues.

In the Morgan Stanley Fund Services division, we work with a global institutional client base to provide hedge funds, multi-asset class investors, family offices and private equity Firms with innovative product solutions.

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 India, we support the Firm’s global businesses, with critical presence across Institutional Securities, Wealth Management and Investment management, as well as in the Firm’s infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there’s ample opportunity to move across the businesses.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you’ll do in the role:

• Provide Accounting solutions to Hedge Funds for independent valuation, investor transparency and regulatory compliance.
• Calculation of daily NAV.
• Review MSPA to custodian reconciliations. Identify and determine cause. Notify Account Manager of breaks. If break is due to an erroneous or missing transaction in MSPA then make necessary adjustments.
• Perform middle office functions including P&L analysis, daily cash projections, calculations of FX transfers required for funding, checking client’s contributions & redemptions etc.
• Review general ledger exceptions. Identify cause and make necessary adjustments.
• Verify performance by reviewing large P&L swings and analyzing income/expense journals for validity.
• Adjust activity as necessary for performance (MSPM) processing and reporting.
• Responsible for accruing daily or monthly non-security related accruals including management fees and financing accruals.
• Process non-automated transactions including OTC derivatives and their related cash movements.
• Perform daily and monthly securities pricing analysis.
• Validate and process corporate action data.
• Providing audit support and assistance to funds in the preparation on financial statements.
• Assistance with compliance functions.

What you’ll bring to the role:

• Bachelor’s degree in finance or equivalent
• Knowledge of hedge fund processing is a strong advantage.
• Good administrative and organizational skills with a particular focus on accuracy and attention to detail.
• An ability to work under pressure and an ability to cope with increased workloads at month-end.
• An ability to work as part of a virtual team that is spread across different time zones and geographies.
• An ability to use key financial systems and other IT tools.
• Good communication skills.