Morgan Stanley

FID Credit and Securitised Products - Product Controller, Associate

Location
London, UK
Salary
Not disclosed
Posted
22 Feb 2024
Closes
01 Mar 2024
Ref
3246589
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

Job Description

Department Profile

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 firmwide risk management and risk reduction. This division maintains relationships with Morgan Stanley’s various industry and government regulators and also 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.

The Financial Control Group (FCG) is responsible for overseeing the accounting and financial and regulatory reporting for the Firm. FCG prepares external financial reports for public filings and regulators. For internal reporting FCG, along with Financial Planning and Analysis (FPA), summarises, plans, and forecasts the organisation's financial position, including income statements, balance sheets, and analyses of future revenues, expenses, and earnings. FCG is comprised of Business Unit Controllers, Infrastructure Controllers, Accounting, Regulatory and Reporting groups, and Valuation Review.

Team Profile

The Credit & SPG Product Control team is part of the Fixed Income Controllers Group. The immediate team consists of five people in London with a deployed team in Mumbai supporting the report production aspect of the role.

The team’s overall role is to provide financial analysis and business performance metrics to support senior management decision-making. This encompasses daily revenue analysis, profitability, and balance sheet reporting plus liquidity, funding, capital, and ROE analysis. The team is also responsible for signing off the month-end financial statements and presentation of these to firm management and external auditors/regulators.
The SPG desk cover Securitised Bonds and Vanilla derivatives, across the EMEA Securitised Product market. In addition, the desk includes a large loan origination business spanning various asset-backed collateral classes. This is a key role as these Business Units form an integral part of Morgan Stanley’s EU Fixed Income trading division.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services.

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 a strong team ethic. We 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.

What will you be doing?

The candidate will be involved in various aspects of the P&L review, analysis, and commentary. The role has standard daily, weekly, monthly, and quarterly deliverables as well as a significant number of ad hoc queries.

The role will include: 

  • Production: Review of the Daily P&L produced in Mumbai and distribution of this information to the business unit and internal clients.
  • Control: Attesting to regulators and auditors on the accuracy and completeness of the financial statements.
  • Business Performance: Assisting with production of monthly business packs for desk heads.
  • Ad Hoc: Projects and Queries as raised by senior Finance and Business Unit management.

Qualifications

What we’re looking for:

  • The candidate should be a graduate and preferably a qualified accountant.
  • Knowledge of financial products – Securitised Products would be preferable
  • High regard for attention to detail and accuracy to ensure close control of the P&L reported.
  • Strong written and verbal communication skills
  • High self-motivation and the ability to work both independently and as an effective team member
  • Ability to partner and work effectively both with direct team members and with colleagues across the wider organisation
  • Strong planning and prioritization skills with the ability to work on multiple tasks and with multiple stakeholders
  • Proficient in MS Office, specifically a strong command in Excel and PowerPoint

Where will you be working?

This role is based in 25 Cabot Square, London.

Flexible work statement: 

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.

Internal Applicants:

Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines, and policy on our employee portal by clicking here.

Equal opportunities statement:

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross-section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

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

Similar jobs

Similar jobs