Morgan Stanley

Compensation Controller - Associate

Glasgow, UK
Not disclosed
07 Oct 2022
12 Oct 2022
Contract type
Full time
Experience level
Qualified accountant

If you're looking for a firm that can provide you with a challenging role and career development opportunities, then read on. We have built a world class reputation for quality and service and the talent and passion of our people has been critical to our success. We provide a strong foundation for building a professional career — a place for people to learn, to achieve and to grow. Together we share a common set of values rooted in integrity, excellence, and a strong team ethic.

Company Profile:

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.

The Finance Division globally 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.

Global Compensation Controllers are responsible for the financial control for all activities related to the firm's compensation and benefits arrangements.

The function was established in Glasgow in 2012 when the UK cash compensation function was deployed from London. EMEA and Americas cash compensation control has since been centralized in Glasgow and the location is now being further developed as a compensation accounting centre of excellence with the addition of teams responsible for accounting for the Firm's deferred compensation plans, globally.

Due to the nature of the firm's compensation arrangements, the group is involved in processing and accounting for a range of complex compensation arrangements. The function is managed globally and the new Glasgow deferred compensation teams will work closely with senior management in New York and with other departments in Morgan Stanley including Human Resources, IT and groups across the finance division.

This role represents an exciting opportunity to be part of a global function.

Specific Responsibilities:

  • This role is within the team which has responsibility for managing the expense accounting and reporting processes associated with the Firm's deferred equity compensation plans, globally.
  • Responsible for the booking and reconciliation of expense for deferred equity compensation
  • Responsible for the preparation of data provided to other groups to facilitate the bookings, tax calculations or reporting
  • Responsible for routine and ad hoc disclosure reporting including liquidity bucketing, Key Management Personnel, and employee compensation plan disclosures for subsidiary financial statements
  • Responsible for the provision of data to regional and local controllers for management charge and reconciliation processes
  • Involvement in on-going system enhancement and testing
  • Reconciliation of general ledger balances associated with deferred equity compensation
  • Responsible for maintaining a strong control environment and related documentation (including SOX compliance)
  • Respond to and interact with key stakeholders including HR Executive Compensation, IT, Business Unit Controllers, Payroll, Internal Audit, External Auditors, and the firm's 3rd Party record-keeper
  • Representing the function in wider office committees

Skills required:

  • The successful candidate should be able to demonstrate an awareness of financial control, problem solving ability and possess basic accounting experience
  • Be confident in dealing with queries across a variety of stakeholders and business areas.
  • Ability to manage workload effectively
  • Have the flexibility required to work in a dynamic environment under tight deadlines
  • Accountancy and finance degree preferred

The following personal attributes are important for this role:

  • Confident
  • Adaptable
  • Team worker
  • Strong communicator
  • Well organized
  • Strong verbal and written communication skills
  • Solid analytical skills
For further information, and to apply, please visit our website via the “Apply” button below.

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