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.
Morgan Stanley's Glasgow office employs in excess of 1,300 staff across Operations, Technology, Legal and Compliance, Internal Audit, Fund Services and Finance. Due to our growing business, we have a demand for career minded people to join our teams. Our opportunities offer unrivalled scope for progression and training within a fast paced, meritocratic and constantly changing environment. Morgan Stanley pride themselves on maintaining a culture which champions diversity, an inclusive environment for all, recognition and an opportunity to give back to our communities through various local charity partnerships. The office is located centrally and enjoys the additional benefits of an onsite gym and restaurant.
The Finance Division globally 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.
The Glasgow Finance team is over 220 strong and spans a wide range of functions including: Product Control; Market Risk Control; Liquidity Control; Treasury Currency Management; Compensation Control; Tax; Legal Entity Control and Governance; Accounting Advisory Services; General Ledger Governance; Regulatory Reporting and Finance Risk. The variety and scope of our opportunities across all levels allows our employees to enjoy fulfilling and challenging long-term careers. In order to maintain this we require finance professionals of all levels, both qualified and non-qualified, who are committed to working in a challenging and ever evolving industry. For non-qualified candidates we actively support a number of professional qualifications.
The Global Funding Control (GFC) group employs 60+ finance professionals in Glasgow, as part of a Global team of 150+ (across New York, London, Mumbai, Tokyo & Hong Kong). The collective team are responsible for controlling and providing business support for the funding arms of the Firm and is part of the ISG Finance organization.
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 high focus and growth area.
The Glasgow GFC team comprises of the following sub-group groups and the role creates the opportunity for significant exposure across the function.
- Bank Resource Management (BRM) - Secured Funding - Treasury Capital Markets (TCM) control - Unsecured Funding - Liquidity & Funding Controllers (LFC) - Regulatory & Management Liquidity reporting and control
Primary clients are Corporate Treasury and Bank Resource Management who jointly manage the Liquidity & Funding needs of the business.
Bank Resource Management
Bank Resource Management (BRM) is a division within the Institutional Securities Group, which is responsible for the Firm?s securities financing transactions (including repo and securities lending), hedging of OTC derivative counterparty exposures and global collateral management.
BRM's centralized framework enables the division to most efficiently provide durable resources to the Firm and its clients, while supporting Morgan Stanley's strategic efforts to optimize resources and maximize returns.
The Derivatives Funding trading desk is part of the broader BRM business unit and encompasses a wide variety of trading strategies focusing primarily on derivatives. The desk relies upon information provided by product controllers to understand its business and make informed trading decisions.
Our team works closely with Business Unit, Operations and Finance counterparts globally to ensure that the P&L produced is a true reflection of the day's trading activity. As well as managing risk, the team provides its clients on the Business Unit with an array of financial reporting. Every month end the team is responsible for validating the integrity of net revenue and balance sheet general ledger account balances. On a daily basis there is a steady flow of queries and information requests from a broad range of departments across the Finance division and beyond.
Working in this team provides a truly rounded Finance experience; giving its members an insight into the various strategies in one of Morgan Stanley's core businesses, a variety of financial instruments, the front to back trading system infrastructure, legal entity P&L and balance sheet, accounting challenges, risk management, the relationship between sub-ledger and GL, Greek attribution, valuation, market risk, client reporting, secured / unsecured funding, project design / implementation and regulatory reporting.
We are hiring an Analyst whose role includes daily P&L production, month end substantiation and regular interaction with the Business Unit and Operations to discuss any queries, implement the necessary structure to support new activity and manage stakeholder expectations. This opportunity requires an ability to be able to deal with high volume and high value transactions, manage stakeholders, and drive continuous improvement.
- Perform daily P&L substantiation - Performing month-end certification processes over Balance Sheet and Profit and Loss accounts - Investigation of reconciliation differences, establishing explanations for accurate system adjustments within tight timescales and ensuring documentation to required standard of evidence - Understanding the business and products; providing a point contact for control based queries - Various initiatives including redesign of internal processes to improve the control framework, system enhancements etc - Escalate appropriately risk issues as and when they arise - Other ad hoc duties
- Candidates for the role should have experience of working within financial services - The successful candidate should be committed and self-motivated who can demonstrate initiative and problem solving abilities - Excellent organisational skills and the ability to work to tight deadlines - Demonstrate an understanding of account assertions and concepts of audit evidence - Candidates should possess excellent Microsoft Excel skills and be proficient in data mining and summarising and presenting themes and results in a meaningful format - Knowledge of financial products which are used in the financial services industry - Candidates should be highly numerate with a close attention to detail, and demonstrate a strong commitment to developing your own skills - Have the flexibility required to work in a dynamic environment under tight deadlines to high standards of guardianship
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. *LI-CL3
Internal Number: 4804282
About Morgan Stanley
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