Fixed Income Counterparty Portfolio Management - Product Control – Manager

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 23 Jan 18 2018-01-23

See job description for details

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. 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.

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 firm wide 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.

Team Profile

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.

The Counterparty Portfolio Management (CPM) Product Control team is part of the Fixed Income Controllers Group. The immediate team consists of 3 persons 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 CPM desk’s remit is to manage the counterparty credit, funding and collateral discounting exposure across Fixed Income. This is a key role as these Business Unit forms an integral part of Morgan Stanley’s EU Fixed Income trading division.

Primary Responsibilities:

This is a production, analysis and review role in the CPM 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 of financial statement information, working closely with the business unit to validate P&L and attribution
• 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.
• 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 be a graduate and preferably a qualified accountant.
Other requirements include:
• Experience in Fixed Income Product Control and awareness of the role that the CPM/XVA desk performs in mitigating counterparty exposure.
• 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

The salary of this role is competitive.

The closing date for applications is 14/02/2018

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.