Accounting and Regulatory Policy Advisor

Location
Glasgow, UK
Salary
Not disclosed
Posted
16 Jun 2021
Closes
25 Jun 2021
Ref
3170732
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant
Description

Team profile

An opportunity exists to join Accounting & Regulatory Policy (Policy) within Finance. Policy is an independent regulatory & accounting advice and review function for the US, UK and, to a lesser extent, other regions globally. It provides centralised expertise for financial regulatory & accounting matters.

The role is based in the Glasgow office and will functionally sit within Accounting and Regulatory Policy, which provides specialised technical advice on accounting (IFRS/US GAAP) and regulatory capital and liquidity issues to all areas of the firm in order to ensure that it continues to meet minimum regulatory requirements and does so in an efficient way.

Given the continued high profile of regulation, both in Europe and globally, Regulatory policy is a strategically important area.

Key internal clients include LEC, GDSC, Regulatory Controllers, Treasury, Risk and Firm Management. In addition, significant support is provided to the Business units on new transactions and optimal structuring of existing transactions.


Primary responsibilities
The Accounting and Regulatory Policy team based in Glasgow is a centre of excellence for the core BAU / production related outputs of Global Advisory & Policy covering:

  • Evolving Regulation and GAAP (US GAAP and IFRS) monitoring and reporting
  • Accounting and Regulatory Policy planning, production and maintenance
  • Accounting and Regulatory Training planning, production and maintenance
  • Advisory support, complementing the broader advisory work of Policy
The role reports to a Director in the Glasgow Accounting and Regulatory Policy team.

Precise day-to-day responsibilities will vary over time depending on team priorities but are expected to include:
  • Evolving Regulation and GAAP (US GAAP and IFRS) monitoring and reporting
  • Daily monitoring and capture of new regulatory and accounting publications
  • Preparation of an extensive suite of communications and reports on evolving regulations and accounting standards for key stakeholders to a strict timetable
  • Liaison with other functions across Morgan Stanley who play a similar role e.g. Government relations, Legal & Compliance, Risk etc.
  • Support and engage in wider team work in reviewing and communicating on new regulations e.g. finalisation of Basel III, implementation of these standards in Europe (via CRR), other evolving European legislation
  • Co-ordinate EBA Q&A review process
  • Production of associated evolving regulation and GAAP metrics
  • Accounting and Regulatory Policy Development & Implementation
  • Policy author for accounting and regulatory policies, ensuring production in line with annual plan and including monthly deliverables against a strict timetable
  • Policy tracking and annotation to underlying regulatory and accounting rules
  • Involvement in developing Morgan Stanley policy and interpretations relating to Accounting, Regulatory Capital and Liquidity requirements
  • Production of associated policy production metrics
MS IFRS Model Accounts
  • Production of year end compliant MS IFRS Model Accounts, ensuring all new IFRS disclosure requirements relevant to the MS IFRS legal entity population are covered and appropriate application guidance provided
  • Delivery of associated training to Legal Entity Controllers on the MS IFRS Model Accounts
  • Management of all associated internal and external stakeholder reviews
  • Accounting and Regulatory Training planning, production and maintenance
  • Production and presentation of Policy training materials
  • Co-ordination support role in planning, scheduling and advertising Policy led training
  • Production of associated training metrics
Advisory support
  • Involvement in a diverse range of project work, including implementation of new accounting and regulatory requirements
  • Review of MS subsidiary IFRS financial statements
  • Research proposed responses to stakeholder technical queries
Organization

Skills required

  • Knowledge and understanding of IFRS and US GAAP
  • Knowledge and understanding of the regulatory environment in which banks operate, including the role of Basel in setting international standards
  • Ability to work in a challenging environment and be comfortable communicating with people of all levels and experience
  • Strong writing and oral communication skills
  • Self-motivated, approachable, and able to absorb technical information and eager to both learn and coach
  • Ability to balance well the guardianship and client service responsibilities and have a strong appreciation of franchise risk
Skills desired
  • Experience in a financial reporting environment, producing IFRS and US GAAP compliant financial statements
  • While detailed knowledge of key regulations in Europe, such as the Capital Requirements Regulation and the requirements such regulations impose e.g., Liquidity Coverage Ratio, Net Stable Funding Ratio etc., would be beneficial, it is not essential. Candidates should however have a strong interest in developing knowledge in this area
  • Experience in a Regulatory control / Product control function of a financial institution or similar function, with exposure to a range of asset classes and businesses
  • CA/CPA/ACCA or equivalent

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.

Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.

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

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