Structured Rates Product Controller
  • England,London
  • full-time
  • Competitive salary
Job Description:
About Morgan Stanley
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 Firmwide risk management and risk reduction. The division maintains relationships with Morgan Stanley’s various industry and government regulators and 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.

Team Profile
The EMEA Rates Trading product control team is part of the Fixed Income Controllers Group. The immediate team consists of 5 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.

Morgan Stanley is a global dealer in interest rate and currency products, including interest rate cash and derivatives providing primary and secondary liquidity. The Rates trading desk comprises of the EMEA Government Bond desk, EMEA Swaps desk, EMEA Inflation desk and EMEA Structured Rates desks. These businesses look to offer our clients the full suite of rates-based products.

What will you be doing?
This is an analytical and review role in the Rates trading product control team. The role has standard daily, weekly, monthly, and quarterly deliverables as well as a significant amount of adhoc queries.
> Reviewing the P&L’s produced in Mumbai and distribution of this information to the business unit and internal clients.
> Producing and reviewing month-end close processes for the business unit.
> Attesting to data with respect to the accuracy and completeness of the financial statements which will ultimately role up into the externally reported financial statements.
> Assisting with production of monthly business packs for desk heads.
> Liaising with accounting policy to address any accounting questions that arise from new trade bookings.
> Building and maintenance networks with the Business Unit and other divisions.
> Understanding balance sheet, liquidity & funding movements related to the business activities.
> Completing adhoc projects and queries as required by senior Finance and Business Unit management.

What we’re looking for:
> A qualified accountant or working towards this qualifcation.
> Previous work experience in financial services, audit or accounting (product control experience preferrable).
> Good knowledge of financial products - Fixed Income products would be preferable.
> Have a high regard for attention to detail and accuracy.
> Strong written and verbal communication skills.
> Strong planning and prioritisation skills, with the ability to work on multiple tasks with multiple stakeholders.
> Ability to partner and work effectively both with direct team members and with colleagues across the wider organisation.
> High self-motivation and the ability to work both independently and as an effective team member.
> Awareness of emerging industry trends such as Basel capital rules.

Where will you be working?
This role is based in 25 Cabot Square, London.

Flexible work statement:
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.

Internal Applicants:
Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal.

Equal opportunities statement:
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.
Job number 1699345
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