Budapest Opportunity – Experienced Financial Controller recruitment
Position Category: Finance/Accounting
Position Title: Budapest Opportunity - Experienced Financial Controller
Job Level: Senior Manager
Location: USA - NY - New York
Education Required: Bachelors Degree
Position Description:
Morgan Stanley is currently recruiting an experienced finance professional for its growing Budapest office. The role would be a key contributor to an international team of Equity Financial Control specialists. The successful hire will work within the Valuation Review Group (VRG) which is responsible for all balance sheet valuation control issues in Morgan Stanley trading businesses. They will be responsible for both European and US inventory and will have to work with colleagues in both areas. This is a permanent position and the eventual hire would join the Budapest office as a local employee.
Responsibilities:
• Production of the monthly mark review to ensure positions are marked correctly in the firm's books and records. This covers a broad range of 'cash' and listed products across Fixed Income (including Commodities) and Equities
• Gaining a full understanding of the products subject to valuation in the group and the relevant marking methodologies
• Developing and standardizing the existing Mark Review processes
• Regular contact with Business Unit Controllers, particularly during the month end mark review process. Liaison with the other FID Equity VRG teams regarding specific valuation issues
• Interaction with the Business Unit during the monthly mark review process
• Preparing reports and documents that clearly explain and summarize the mark review issues for senior finance management and the Business Units
• Project work as required on new systems and functionality enhancements
• Challenging processes and procedures to improve efficiency. A key responsibility will be to identify 'best practices' in FID/Equities NY/London and propose how they can be introduced into the other areas. Also the candidate should be able to assess and develop economies of scale and synergies across the groups
• Preparation of reconciliations between the firm's books and records and the underlying positions at month end.
Skills Required:
• Excellent interpersonal and communication skills are particularly important, as it is important to interact with the Business Unit and Business Unit Controllers and work as part of a team
• Good computer skills (advanced Excel)
• Degree (MSc) in the field of finance or economics
• Good understanding of financial and investment products including Bonds, FX, Commodities and vanilla derivatives is a strong advantage.
• 5+ years relevant experience
• Successful candidates will have drive and the ability to work under pressure and to tight monthly deadlines