Scored a job at MSSB with 0 finance experience...thoughts?
not an FA job. its a middle office operations position.
some of the job responsibilities follows:
- Works as liaison between Portfolio Managers, Financial Advisors, Advisory Trade Operations, Back office and to assist in resolving all trade and account issues for @ 220,000 sleeve UMA accounts..
- Coordinates and determines trade error and client impact analysis with OPM and PM teams, respectively. Evaluates error causes and determines flow of information to senior management in cases of large dollar errors and trends in error occurrences. Makes suggestions to implement processes that can be put in place to minimize errors.
- Works with Branch Managers/Ops for account issues and acts as point person with Overlay and PM teams as well as MS Ops. Work with Senior Management to ensure communication lines are open and full disclosure is occurring.
- Prepares daily reports in regards to trading, errors and other items as needed.
- Works with Technology to develop concepts for new platforms and test such applications.
- Internal systems, settlement with P&S, and outside broker dealers.
- Fixed Income manager liaison and trade management platform stability
does this sound like a decent gig? will it look OK on my resume?
im coming from the marketing industry so its a big change.
Congrats!
thx
thanks Beny - does it sound like an OK role?
anyone??
An OK role for what? What do you want to do? This is a typical back office/operations job for PWM.
If you're happy with that and this is your career goal, then who gives a shit about how it will look. Congrats on the getting the role.
If you want to do something like investment banking, then no, this job is not really going to do much for you.
Could I get into a F500 finance role after this
First of all, congrats on your offer!
I currently work in PWM, and this seems more like a back office role than a middle office role. If any of the FA teams have problems (trading error, system issues, etc), they will go find you and you will have to fix it.
If possible, I would try and see if you can transition into an analyst role on one of the teams. This will give you the opportunity to make more investment decisions (on behalf of your clients), and also give you the chance to become a FA one day.
I don't know what the exit opportunities for you would be, but everyone who has worked in operations at my BB has worked there for many years (10+ years). I would assume that the goal would be to become branch manager. Hours don't seem too bad though, but you probably have to be there pretty early (before market opens).
Thank you
The bit about becoming a Branch Manager isn't exactly right. All of the branch managers I have met are former Financial Advisors - many still manage a small book. Source: I am an FA at a BB
kostcoguy, that may be true at your BB,but at our BB, the Branch Manger's role is strictly operations. However, the MD of our branch does still manage a small book, and was a former FA.
Congrats on landing the gig
This is a great opportunity to network with the front office and possibly figure out what career path you want to take. Don't get caught up in the monotony of back office work, keep your head up and look at it as a learning/networking opportunity.
Sky is the limit
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