Regulatory Capital and Accounting Policy Advisor, Senior Manager

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 21 Apr 19

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.

Role Overview

An opportunity exists to join the Global Advisory & Policy (‘GAP’) team within Finance in London. This team 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 will functionally sit within the Regulatory Policy team within GAP but the candidate may be expected to work on both accounting and regulatory matters as required. Given the continued high profile of regulation, both in Europe and globally, Regulatory policy is a strategically important area.

The Regulatory policy team is a key point of contact for any regulatory related issues. This will result in exposure at the highest levels across corporate reporting and all business units, with close involvement in transaction activity. The Regulatory Policy team has a highly visible role within the organisation and has regular contact with senior management within fixed income, equity and investment banking divisions. The team has close liaison with credit risk and market risk areas of the firm in relation to the firm’s approach to various aspects of VaR and the exposure and rating methodologies used within credit risk. The team also support Treasury, Liquidity & Funding Controllers (‘LFC’) and Liquidity Risk Department (‘LRD’) with liquidity related regulation and reporting issues.

Primary Responsibilities

1. New Business Initiatives

- Performing an advisory service for the Business Units on specific transaction and business related issues in order to achieve regulatory capital optimisation. For example, this could involve working on key investment banking or other structured deals.
- Involvement in the Morgan Stanley New Product Approval process. This involves analysing the regulatory capital implications of new business.
- Day to day liaison with the Regulatory Controllers Reporting Team to ensure appropriate capital treatments are being applied to complex structures and exotic products. Advising upon the correct interpretation of the rules with respect to particular products.

2. Regulatory policy Development & Implementation

- Involvement in developing Morgan Stanley policy and interpretations with particular focus on liquidity, own funds and Pillar 3 issues.
- Involvement in the policy development work being undertaken industry-wide including all Basel initiatives and subsequent local implementations. This involves liaising with the appropriate people across Morgan Stanley in order to develop a Morgan Stanley position and influence and assist with the policy work being undertaken by trade associations, regulators and European bodies.
- Active involvement with industry working groups (e.g. AFME, UK Finance and ISDA), as appropriate.
- Communicating changes and advances in the regulatory environment to affected parties within Morgan Stanley.

3. Assurance

- Involvement in the business and product reviews undertaken by the team to provide assurance that relevant regulatory requirements are being met.
- Continuously working to ensure we take advantage of efficiencies.

4. Project Work

- Involvement in a diverse range of project work, including implementation of new regulatory requirements, the setting up of new regulated entities globally, applications to the PRA.


Skills Required

The candidate should have an understanding of the regulatory environment in which banks operate, including the role of Basel in setting international standards.

The candidate should have experience of working at a regulator or in a regulatory control department / similar function of a financial institution with exposure to a broad range of asset classes and businesses.

The candidate should also be able to demonstrate up to date knowledge of prudential requirements (Basel, CRR, PRA / FCA rulebooks) and relevant developments in these areas.

CA/CPA/ACCA or equivalent

French or German language skills would be beneficial.

The candidate will need to be prepared to work in a challenging environment and be comfortable communicating with people of all levels and experience. Strong writing and oral communication skills are essential. They will need to be self-motivated, approachable, able to absorb technical information and eager to both learn and coach. The candidate will be able to balance well the guardianship and client service responsibilities and have a strong appreciation of franchise risk

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.

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.