Morgan Stanley – Analyst FX Controller

Company Profile

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.

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.

Team Profile

Global Corporate Controllers is responsible for the financial and regulatory reporting of the consolidated Firm and its legal entities, liquidity and funding control, accounting and regulatory policy and advisory, controllership of the Firm’s infrastructure areas and management the Finance risk and change programs.

The FX Controllers team is responsible for managing global foreign exchange exposure, at an entity level, arising from trading and non-trading activities across the Firm. Due to the significant risk to the Firm created by unhedged FX exposure, this team has a pivotal role in safeguarding the Firm’s assets. The team’s primary objective is to minimize revaluation P&L (transactional risk).

The team performs a range of functions including processing and validating daily hedge requirements, daily P&L substantiation and reporting as well as month end reconciliation and control work. The team is also engaged in project and process improvement work in addition to ad hoc requests from the Corporate Treasury desk and various Controller groups. In this regard the team has considerable interaction with Product Controllers, IT, Tax, Legal Entity Controllers, Corporate Treasury and Treasury Controllers colleagues globally.

Primary Responsibilities

An opportunity has arisen for a permanent role within the team. The successful individual will be the local lead of the FX Controller team, managing two individuals and reporting functionally into management in London.

The Role Will Include The Following Involvement And Responsibilities

> Daily / Monthly Responsibilities:

Preparation of daily controls and resolution of breaks
Preparation of the daily currency hedge for review and submission to Treasury
Support Treasury and various Controller groups with issues and requests related to daily hedging activity
Escalation of significant issues and proposed resolutions
Preparation of month end substantiation to ensure adequacy in 3Rs system for applicable Net Revenue and Balance Sheet Accounts

> Project/Ad hoc Responsibilities:

Infrastructure setup and account maintenance work including opening accounts and ensuring account attributes are appropriately setup to ensure balances feed through the hedging workflow correctly
Support for key renovation work and other initiatives to enhance processes and workflows
Interaction with Corporate Treasury, Operations, IT, and other key finance groups; frequent interaction with global Treasury Capital Markets controller teams as needed.

This is not an exhaustive list of tasks, and responsibilities may change in line with the team and business needs.

Skills Required

> Industry experience with focus on Finance/Controller background

> Strong communication skills, both verbal and written

> Demonstrable leadership qualities with a strong work ethic and team player mentality

> Ability to plan and execute against tight timeframes

> Strong organizational skill and strategic thinking

> Analytical mind-set and good problem-solving skills with a willingness to drill through to the root cause of issues

> Strong controls background with an ability to design, implement, enhance and monitor the effectiveness of existing or new controls

> Understanding of FX risk

> Qualified Chartered Accountant (Fresher or with 1 year of relevant experience).

Preferable, But Not Required Skills And Experience

> Hedge accounting familiarity

> FX forward and swaps product knowledge or background

> Treasury or Legal Entity Control experience

Posting Date

Jan 15, 2023

Primary Location

Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

Education Level

Refer to Position Description

Job

Finance

Employment Type

Full Time

Job Level

Analyst

About the company
Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 85 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients.

Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are five core values — put clients first, do the right thing, lead with exceptional ideas, commit to diversity and inclusion, and give back — that guide its more than 70,000+ employees across 41 countries.
https://www.linkedin.com/jobs/view/3438084408

Scroll to Top