North American Security Settlements- Analyst​/Associate

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 40 countries, we are committed to helping clients achieve their financial goals while maintaining the highest standards of risk management and operational excellence.

We are seeking an Analyst/Associate to join the North American Security Settlements team within Firmwide Operations. The team is responsible for the clearance and settlement of Fixed Income and Equity securities across North American markets, ensuring the timely exchange of cash and securities while safeguarding the Firm against financial, operational, and regulatory risk. The function supports a broad market footprint including DTC, U.S. Treasury and Agency settlement, Canada, LATAM, Prime Brokerage, physical settlements, buy-ins and regulatory close-out activities.

This role offers a unique opportunity to gain front-to-back exposure to the trade lifecycle, develop expertise across multiple market infrastructures, and contribute to strategic transformation initiatives that are modernizing the settlement operating model.

What You'll DoManage the settlement of Fixed Income and Equity transactions across North American markets, ensuring timely settlement and accurate books and records.

Investigate and resolve settlement exceptions, failing trades, breaks, and discrepancies with internal and external counter parties.

Partner with Trading, Prime Brokerage, Operations, Technology, Compliance, Risk Management, Agent Banks, Custodians, and Depositories to facilitate successful settlement outcomes.

Monitor settlement exposures and identify potential financial, franchise, or regulatory risks, escalating issues appropriately.

Perform daily controls and reconciliations to ensure internal records align with depository, custodian, and agent records.

Analyze operational trends and risk indicators including settlement fails, breaks, mismatches, aging items, and critical deadlines.

Contribute to automation, reporting, and platform modernization initiatives designed to improve efficiency, scalability, transparency, and control effectiveness.

Develop product, market structure, and process expertise while building relationships across Operations and business stakeholders.

Continuously identify opportunities for process improvement and operational excellence. Required Skills Strong analytical, problem-solving, and decision-making skills.

Ability to work effectively in a fast-paced, deadline-driven environment.

Excellent attention to detail and strong risk awareness.

Strong verbal and written communication skills.

Ability to manage multiple priorities while maintaining accuracy.

Strong teamwork and stakeholder management capabilities.

Proficiency with Microsoft Excel, Word, and PowerPoint.

Ability to identify issues, assess risk, and escalate appropriately.

Preferred Qualifications Basic understanding of accounting principles and financial markets.

Understanding of securities trade lifecycle and front-to-back operational processes.

Knowledge of Equity and/or Fixed Income products.

Familiarity with DTC, Fedwire, Canadian, or international settlement markets.

Experience with data analysis, process improvement, automation, or operational transformation initiatives preferred.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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…