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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
Liquidity Investment Funding Controllers (LIFC) is responsible for controlling and providing business support for Treasury and is part of the Global Corporate Controllers (GCC) organisation. Within London, LIFC comprises of the following core groups: Treasury Capital Markets (TCM) Controllers and Liquidity & Funding Controllers (LFC). Pre 2008 crisis, funding was easy to obtain and not priced into trades due to ample liquidity in the markets. Post 2008, the landscape looks dramatically different where the economy and regulators have put a spotlight onto Funding and Liquidity making GFC both a focus and growth area.
An opportunity is open in the TCM team, where the team provides business support, analysis and has ownership of key Treasury related financial information on behalf of Corporate Treasury. The team is responsible for analysing and attributing funding costs to the Business Units to help incentivize optimal trading behavior and decisions. TCM Controllers’ primary client is Corporate Treasury but also interact closely with Legal Entity Controllers (LEC), Management Reporting team, Global Product Controllers (GPC), Bank Resource Management (BRM) Controllers, Business Units, Cash Management and Finance IT. The role provides an excellent opportunity into Morgan Stanley’s core businesses and Balance Sheet with exposure to all products traded. Globally Treasury Balance Sheet is ~$300bn and allocates ~$4bn of net P&L to the Business Units per annum. Primary Responsibilities
An opportunity has arisen for a permanent role within the team focused on the Legal Entity aspects of the Treasury Controller function. The role will include responsibility for global oversight of Treasury Transfer Pricing (TTP) process and global legal entity reporting on Treasury balance sheet and P&L, with a focus of unallocated interest and FTP processes. The successful candidate will have 1 direct report in London and work across regions, particularly with New York and Mumbai.
The role will include the following involvement and responsibilities:
- Responsible for production support and analytical review of unsecured funding sources and uses reporting for material Firm legal entities
- Lead deep dives into unallocated interest amounts by LE, focused on FTP processes and booking models
- Responsible for calculation, analytical review and posting of Treasury transfer pricing, and leading an initiative to implement refinements to process/methodology and automate process
- Lead production of annual ICAAP UK Group Treasury P&L forecast and allocations to business units, working closely with Corporate Treasury and ISG Reporting
- Responsible for consolidating weekly EMEA Finance Management Committee Review packs for LIFC
- Ad hoc management projects will be assigned Qualifications: Skills required
- A background in Financial services, in Finance roles in international markets
- Experience in Product Controller and Market Risk Controller positions
- Knowledge of funding balance sheet, and PnL attribution and review. Experience of PnL production, reconciliation and reporting, and resolving breaks.
- Broad product knowledge, including FX and Interest Rates
- Experience working with and supporting offshore teams
- Risk aware and experience of Market Risk
- Demonstrated project experience relating to process and system improvements and automations
- Ability to work cross division, with teams including Operations, Technology and Audit
The closing date for applications is 01/08/2019
The salary for this role is 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.
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.