Market Risk Finance Product Controller

Morgan Stanley•Baltimore, MD

10d

About The Position

We're seeking someone to join our Market Risk Control Finance team as a Product Controller in ISG Finance to provide oversight on whether activity has been classified correctly and are also pivotal in ongoing compliance with the Basel covered position rules across various jurisdictions. Key stakeholders include MRD, Business Unit, Regulatory Controllers, and the Credit Risk Department. In the Finance division, we act as a partner to business units around the globe by providing management, review, analysis and advisory services of the Firm's financial and capital resources. This is an Associate level position within the Corporate Controllers, Reporting & Accounting Job Family responsible for the accuracy and control of the Firm's books and records to produce the consolidated firm, segment and legal entities financial statements. The group owns the Firm's financial reporting under US GAAP, International GAAP and the global regulatory regimes. Responsibilities include the development, management and oversight of financial accounting & reporting systems as well as database management. Includes capital and liquidity reporting and external reporting functions. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Requirements

In-depth knowledge of Finance functional area, product and/or client segment and technical skills, as well as of industry and competitive environment
Ability to operate independently with respect to most job responsibilities
Ability to provide positive and constructive feedback and innovate processes
Work experience within large financial services firms or other directly relevant experience (commensurate with role being applied for). An awareness in Financial Markets / products and the Basel Regulatory environment.
Close attention to detail and highly numerate. Strong commitment to developing their own skills. Strong verbal and written communication skills.
Excellent Microsoft Office skills (Excel, Teams, PowerPoint, PowerBI) and be proficient in data mining and investigating complex issues to extract key themes and discover root causes.
The flexibility required to work in a dynamic environment under tight deadlines taking accountability and ownership for multiple deliverables.
High level of guardianship - ensuring that exceptions are identified, resolved and escalated on a timely basis.
Track record of proactively driving projects forward and working closely with IT development teams to deliver change
At least 4 years' relevant experience would generally be expected to find the skills required for this role

Responsibilities

Collaborate with a varied group of colleagues in Finance and across the Firm
Responsible for and lead aspects of individual and team deliverables and projects, leveraging in-depth knowledge of Finance functional area, product and/or client segments
Adhere to the Firm's risk and regulatory standards, policies and controls; proactively identify ways to reduce risk in work
Act as a culture carrier; embody and set an example of the Firm's values and hold yourself and others accountable to Firm standards
Support the delivery of time sensitive internal and external reports and queries from senior management, auditors and regulators.
Develop understanding of the regulatory requirements of VaR Backtesting, and be able to explain how the Firm evidences compliance
Support the strategic development of Firm systems, partnering with IT teams to explain, prioritize, test and implement new business requirements (in particular, involving change-the-bank 'Fundamental Review of the Trading Book / Basel III endgame' initiatives)
Challenge processes and procedures to enhance controls and streamline efficiencies.
Assist with the preparation of governance materials and support the maintenance and development of documentation to the standard that can be shared with regulators.
Partner with wider MRC team both locally and globally on cross silo initiatives / projects
Develop and maintain relationships with a range of clients /stakeholders including Product Control, Risk Management and Regulatory Policy teams.

Benefits

Medical
Prescription Drug
Dental
Vision
Health Savings Account
Dependent Day Care Savings Account
Life Insurance
Disability and Other Insurance Plans
Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually)
10 Paid Holidays
401(k)
Short/Long Term Disability