Regulatory Controller

Description

We offer:

• Work in the Finance department of one of the world’s top tier Financial Institutions and a first-hand insight into our business
• Enriching challenges that provide opportunity for constant learning and long-term career development opportunities
• A supportive and inclusive environment, we accept individual differences and use them to better our work environment and culture
• A balance between personal and professional lifestyles, including flexible working opportunities such as work from home arrangement
• High specification office space with leading technologies, collaborative working spaces and wellbeing facilities including an onsite fitness suite and restaurant

You will:

As part of a Regulatory organisation within Glasgow the successful candidate(s) will be involved in supporting the ongoing compliance with existing processes, assessing, and developing new Regulatory requirements, and ad-hoc management reporting.

They will also partner and work alongside colleagues in the overall Regulatory EMEA operating model and other key stakeholders.

We currently have two permanent opportunities as part of the Glasgow team.

Detailed responsibilities include but are not limited to:

• Provide coverage across the Glasgow team to support upcoming deployment and integration of processes and new regulatory requirements, whilst continuing to develop the Regulatory operating model across the global locations
• Build effective relationships within the Global Regulatory team and with other colleagues / stakeholders across the firm
• Develop understanding of calculation and reporting differences between EU and UK entities
• Partner across calculation and reporting teams, supporting reviews, and preparing materials for use in key internal and external reporting submissions and Senior Management (Frankfurt and London) signoff meetings
• Preparation, analysis, and review of various regulatory capital calculation requirements (across Credit and Counterparty Risk, Leverage, Market Risk and Own Funds
• Investigate drivers of material movements in calculation variables impacting key reporting, interrogating systems, and data, and liaising with other teams to understand root cause
• Develop understanding of the interpretation and subsequent implementation of key Regulatory rules requirements (UK, European & US rule sets) including upcoming CRR II and IFR regulations coming into effect in 2021/22 and beyond, which will impact across all aspects of calculation, reporting and disclosure
• Support the strategic development of firm systems, challenge, and work to enhance processes and control
• Identify, escalate and co-ordinate the resolution of issues
• Support maintenance and development of documentation in line with internal audit and other internal best practice guidelines to the standard that can be shared with Regulators e.g.: PRA, BaFin, ACPR
• Challenge processes and procedures to enhance controls and streamline efficiencies. Seek ways to improve hand-offs and integration with other teams.
• Exercise judgement to prioritise workload and ensure issues / errors are escalated to management on a timely basis
• Build subject matter expertise across either
• internal and external regulatory reporting; or
• regulatory calculations and data sourcing

Team Profile:

The Regulatory controller team in Glasgow (Reg) is responsible for executing a series of regulatory capital processes across market risk, credit risk own funds and leverage. The team is also responsible for the associated internal and external reporting. Given this broad remit the Reg controller team work closely with a wide range of clients and stakeholders globally e.g. the Credit Risk department, the Market risk department, Operations, Regulatory Policy, and the Business Unit. This breadth of interaction provides an excellent and somewhat unique opportunity to learn about a range of businesses and products across the firm. Reg Controllers have a footprint in Glasgow, Frankfurt, New York, London, and Asia.

About us: Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

The Finance Division reports to the Chief Financial Officer and consists of some 3,000 employees worldwide. Finance protects the Morgan Stanley franchise by serving as guardian of the Firm’s books and records and by contributing to firm wide risk management and risk reduction. This division maintains relationships with Morgan Stanley’s various industry and government regulators and serves as the conduit of financial information to the outside investment community. Finance plays a critical role as advisor to Morgan Stanley’s various businesses and its senior management team.

Morgan Stanley’s Glasgow office employs in excess of 1,500 staff across Operations, Technology, Legal and Compliance, Internal Audit, Fund Services and Finance. Due to our growing business, we have a demand for career-minded people to join our teams. Our opportunities offer unrivalled scope for progression and training within a fast paced, meritocratic and constantly changing environment. Morgan Stanley pride themselves on maintaining a culture which champions diversity, an inclusive environment for all, recognition and an opportunity to give back to our communities through various local charity partnerships. The office is located centrally and enjoys the additional benefits of an onsite gym and restaurant.

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Qualifications

• Work experience within large Financial services firms or other directly relevant experience (commensurate with role being applied for)
• An Accounting / Finance / Mathematical degree or equivalent
• A professional accountancy qualification would be beneficial e.g. ICAS, ACCA, CIMA.
• Close attention to detail and are highly numerate
• Excellent Microsoft Excel skills and be proficient in data mining and investigating complex issues to extract key themes and discover root causes.
• Strong verbal and written communication skills.
• The ability to work effectively within a local and global team, as well as independently.
• The flexibility required to work in a dynamic environment under tight deadlines.
• Strong commitment to developing their own skills.
• An awareness / interest in Financial Markets / products and the Regulatory environment.

For further information, and to apply, please visit our website via the “Apply” button below.