What are the responsibilities and job description for the Market Risk Finance Product Controller position at Morgan Stanley?
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 our Product Controllers Job Family which specializes in ensuring adequacy of controls, profit and loss and balance sheet reporting and reconciliations for a segment / business / product area, as well as management reporting across business segments or cross functional end-to-end product oversight
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.
What You'll Do In The Role
> Collaborate with a varied group of colleagues in Finance and across the Firm
> Responsible for both individual and team deliverables and projects, leveraging knowledge of Finance functional area, tools and/or products
> Adhere to the Firm's risk and regulatory standards, policies and controls
> Act as a culture carrier; embody the Firm's values and hold yourself 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.
What You'll Bring To The Role
> Working knowledge of Finance functional area, industry and competitive environment
> Ability to communicate clearly and concisely, and adapt to various audiences
> Willingness to seek guidance and provide feedback to further develop self and peers
> 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 2 years' relevant experience would generally be expected to find the skills required for this role
What You Can Expect From Morgan Stanley
We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fueled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Salary range for the position: $60,000-$90,000/ Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including 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), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
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 our Product Controllers Job Family which specializes in ensuring adequacy of controls, profit and loss and balance sheet reporting and reconciliations for a segment / business / product area, as well as management reporting across business segments or cross functional end-to-end product oversight
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.
What You'll Do In The Role
> Collaborate with a varied group of colleagues in Finance and across the Firm
> Responsible for both individual and team deliverables and projects, leveraging knowledge of Finance functional area, tools and/or products
> Adhere to the Firm's risk and regulatory standards, policies and controls
> Act as a culture carrier; embody the Firm's values and hold yourself 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.
What You'll Bring To The Role
> Working knowledge of Finance functional area, industry and competitive environment
> Ability to communicate clearly and concisely, and adapt to various audiences
> Willingness to seek guidance and provide feedback to further develop self and peers
> 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 2 years' relevant experience would generally be expected to find the skills required for this role
What You Can Expect From Morgan Stanley
We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fueled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Salary range for the position: $60,000-$90,000/ Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including 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), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Salary : $60,000 - $90,000