Repo Product Controller (BRM) Associate
Position Description
Morgan Stanley Glasgow
Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With over 1,300 offices in 42 countries, the firm is truly global - and a market leader in the U.S, Europe and Asia as well as in Emerging Markets. We provide institutions and individuals with almost every kind of financial product and service across all the world's major markets.
In 2000 the Institutional Securities division established an operations team in Glasgow with just 6 employees. Since then our office has grown to over 1000 employees across 6 divisions: Operations, PWM, Finance, Fund Services, Information Technology and Risk Management. Our offices are located in Glasgow's city centre in the heart of the International Financial Services District.
We have built a world-class reputation for quality and service and the talent and passion of our people has been critical to our success. We can provide a superior foundation for building a professional career - a place for people to learn, to achieve and to grow. Together we share a common set of values rooted in integrity, excellence and a strong team ethic.
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.
Department and Team Structure
Finance Division
The Glasgow Finance Division helps senior management and its individual business units manage the firm's risk by implementing financial controls over our business activities. The division is crucial to safeguarding the firm's franchise, reporting on current performance, and evaluating business opportunities.
Repo and Daily B/S Team (BRM)
The Bank Resource Management team (BRM) is represented in our Glasgow, London and New York offices providing controller support for Firms' 'funding' activities (with processes relating to a variety of activities and balances: Repo, Stock Loan, Listed Margin, OTC Collateral, External customer and Cross entity trading).
The Repo and Daily B/S Team works closely with Business Unit, Operations and Finance counterparts globally to ensure that the Repo PL produced is a true reflection of the day's trading activity. Every month end the team is responsible for validating the integrity of net revenue and balance sheet general ledger account balances.
Role Description:
The successful candidate's key deliverables will include:-
• Performing daily PL production and month-end certification processes over Balance Sheet and Revenue 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.
• Other ad hoc duties.
Skills Required
•Candidates should have a specific interest in financial services.
•Product knowledge across a wide range of Equity and Fixed Income products is desirable.
•Qualified accountant preferred but not essential.
•Good communication and analytical skills are essential.
•Intermediate Excel (including pivots and formulae) and Access skills desirable.
•High level of guardianship - the candidate should be very focused on guardianship and ensuring that exceptions are identified, resolved and escalated on a timely basis.
•High level of organisational skills - ability to manage time effectively is essential.
•Ability to manage own workload and carry out tasks with minimal manager guidance.
•Ability to quickly understand and pick up issues.
•Ability to work effectively under pressure and meet tight reporting deadlines.
•Candidate must be able to work well within a team environment.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.
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