Financial Controller (FX) Associate
Financial Controller (FX) Associate
JR038444
London
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 teams 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.
This is an Associate level position within our Corporate Controllers, Reporting & Accounting Job Family which is responsible for the accuracy and control of the Firm's books and records to produce the consolidated firm, segment and legal entities financial statements, including development, management and oversight of financial accounting & reporting systems as well as database management, including capital and liquidity reporting and external reporting functions.
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.
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:
> Reviewer and client point of contact for various daily deliverables including currency hedge instruction to Treasury, restricted currency exposure reporting and FX Revaluation P&L controls and reporting
> Contingent cover for production of daily deliverables
> Month end substantiation for applicable Net Revenue and Balance Sheet Accounts
> Preparation of weekly and month end analytics and governance review packs
> Support Treasury and partner with various Controller groups to understand and resolve issues as well as provide advice and training related to currency risk management and associated accounting controls
> Support key renovation work and other initiatives to enhance processes and workflows
> Support 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
This is not an exhaustive list of tasks, and responsibilities may change in line with the team and business needs. Qualifications
What you'll bring:
> 5+ years 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
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> 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
Skills that will help you in the role:
> Qualified with relevant Professional Qualification (i.e. Accounting or CFA).
Preferable, but not required skills and experience:
> Hedge accounting familiarity
> FX forward and swaps product knowledge or background
> Treasury or Product Control experience
#LI-HGM1 #LI-Hhybrid #GLREP
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 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.
Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
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.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo .
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- Fitness Subsidies
- On-Site Gym
- Pet Insurance
- Mental Health Benefits
- FSA
- Virtual Fitness Classes
- HSA
Parental Benefits
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
- Return-to-Work Program
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Adoption Leave
Work Flexibility
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
- Company Outings
- On-Site Cafeteria
- Holiday Events
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Leave of Absence
- Volunteer Time Off
- Personal/Sick Days
Financial and Retirement
- 401(K) With Company Matching
- Stock Purchase Program
- Performance Bonus
- Relocation Assistance
- Financial Counseling
Professional Development
- Tuition Reimbursement
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Work Visa Sponsorship
- Leadership Training Program
- Associate or Rotational Training Program
- Internship Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program
- Employee Resource Groups (ERG)