Vice President – FXEM Credit Trading Product Controller recruitment

Position Category: Finance/Accounting

Position Title: Vice President - FXEM Credit Trading Product Controller

Job Level: Vice President

Location: USA - NY - New York (One NY Plaza)

Education Required: Bachelors Degree

Position Description:
Morgan Stanley, a leading Bank Holding Company is seeking a finance professional to respond to the continued growth in the FXEM Credit Trading business as financial markets continue to evolve and new business opportunities arise.
We are currently looking for a Vice President candidate to join the FXEM controller team in NY. The optimal candidate will be a highly motivated, self-starter with 5-10 years of product control experience with a focus on FX business lines. This individual will be responsible for the supervision and oversight of the daily pl control processes for the various FXEM Credit Trading strategies, managing a team of 4 controllers in the NY office. Responsibilities include reviewing the daily review of pl commentary, attribution, and all material adjustments made by control team. This individual will also be responsible for the daily review of material changes to the balance sheet and required capital at the strategy level, as well as review of the substantiation of the revenue/balance sheet general ledger accounts at month end. Additionally, the candidate will be given ownership over various ad hoc and change the bank projects, and will be responsible for providing progress updates to senior finance management as well as the business unit. It is imperative that this individual have strong interpersonal skills and be able to work effectively with our key clients, including the business unit, market risk, operations, IT, and a variety of other finance groups.

Responsibilities include:
• Supervision/review of daily PL/PL attribution for the FXEM Credit Trading business.
• Supervision/review of daily commentary on PL movements, including review of pl attribution and ensuring key drivers are in line with expectations given risk the business is running.
• Responsible for ensuring review of month-end pl closeout process, reviewing reconciliations, resolving issues, and escalating key items to finance management/business unit clients.
• Review balance sheet substantiation and review material changes on a daily basis with the balance sheet reporting team and escalating any large variances to finance management/business unit clients.
• Global interaction with team in London/Asia offices.
• Daily interaction with trading desk, IT, Market Risk, Operations, and other key finance groups (Accounting Policy, Management Reporting, Balance Sheet Reporting, Market Risk Controllers, Regulatory, etc.)
• Initiate and oversee process reengineering, improve efficiency, and IT system enhancements.
• Lead ad hoc projects which will involve discussion with the traders, market risk, IT, etc e.g., new systems functionality testing, VaR backtesting, improving attribution.
• Involvement in Bank Holding Company supplements, as well as 10Q/K disclosures

Skills Required:
Strong knowledge of FX Markets and Products including : EM Credit products (bonds, derivatives), Currency Swaps, FX Options, Non Deliverable forwards, FX Futures, as well as Interest Rate derivatives.
• Strong PL Attribution/Greeks knowledge
• FX product control experience
• Strong interpersonal skills, ability to lead a team and provide guidance.
• 5-10 years of experience, mainly in Finance/product control.
• Accounting/Finance degree

Skills Desired:
Strong knowledge of FX Markets and Products including : EM Credit products (bonds, derivatives), Currency Swaps, FX Options, Non Deliverable forwards, FX Futures, as well as Interest Rate derivatives.
• Strong PL Attribution/Greeks knowledge
• FX product control experience
• Strong interpersonal skills, ability to lead a team and provide guidance.
• 5-10 years of experience, mainly in Finance/product control.
• Accounting/Finance degree