Counterparty Portfolio Management (XVA) - Product Control - Associate Counterparty Portfolio Management (XVA) - Product  …

Morgan Stanley
in London, England, United Kingdom
Permanent, Full time
Last application, 17 Jul 19
Morgan Stanley
in London, England, United Kingdom
Permanent, Full time
Last application, 17 Jul 19
See job description for details

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. The 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 Counterparty Portfolio Management (XVA) team is part of the Fixed Income Controllers Group. The immediate team consists of 2 persons in London with a deployed team in Mumbai supporting the production aspects 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 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 Counterparty Portfolio Management (XVA) desk manages the risk(s) that the Morgan Stanley has with its counterparties in which it enters into derivative transactions with. This includes CVA, FVA and a suit of collateral VA's. This is a key role as this Business Units form an integral part of Morgan Stanley's Fixed Income trading division by managing the counterparty risk across all of Fixed Income trading desks.

Primary Responsibilities

This is an analysis and review role in the Counterparty Portfolio Management product control team. The role has standard daily, weekly, monthly and quarterly deliverables as well as a significant amount of ad hoc queries.

The role covers:
- Production: Review of the financial statement information 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.
- Accounting: Assisting with accounting policy to address any accounting questions that arise from new trade bookings.
- Client Relationship Management: Maintenance of internal client networks in the Business Unit and other divisions.
- Balance Sheet, Liquidity & Funding: production / development of monthly reports
- Ad Hoc: Projects and Queries as raised by senior Finance and Business Unit management


Skills required

- The candidate should have a graduate degree or equivalent
- Knowledge of financial products and particularly Fixed Income is essential.
- High regard for attention to detail and accuracy to ensure close control of the PnL reported. Candidate must have experience of PnL processes, including production and reconciliation review and resolution.
- Experience working in financial services, within a Finance role, and knowledge of international markets
- Previous demonstrated experience working cross division, with groups such as Technology and Operations. Ability to partner and work effectively both with direct team members and with colleagues across the wider organisation
- Prior experience of systems process improvement project work
- An understanding of risk controls
- High self-motivation and the ability to work both independently and as an effective team member

This closing date for applications is 25/07/2019

The salary for this role competitive

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.