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Vice President - Fixed Income Liquid Flow Rates Product Control

Posted on Jan 24, 2019 by Morgan Stanley USA

New York, NY 10001
3 Jan 2019
Annual Salary
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. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile:
The Finance Division 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 Firms books and records, and by contributing to firmwide risk management and risk reduction. This division maintains relationships with Morgan Stanleys 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 Stanleys various businesses and its senior management team.

Job Summary:

The Liquid Flow Rates Product Control team sit within the Interest Rates Product Control team that contains 5 employees in NY and is supported by a further team of 5 in Baltimore.
The candidate will have direct functional oversight for the Baltimore team.

The candidate will be responsible for:
1) Oversight of daily p&l reporting and control requirements for Liquid Flow Rates:
Adherence to appropriate accounting policies and procedures
-Analysis of manual adjustments made by controllers to daily reporting systems
-Discussions with Business Unit on financial performance metrics and analysis
-Reporting of p&l, attribution and variance analysis to senior finance stakeholders.
2) Month End close process
- Analyzing month-on-month revenue movements by SEC category, Legal Entity & product type and escalating/reporting to senior finance management accordingly.
- Escalation and discussion with accounting policy on new products that require additional accounting treatment review
- Discussion with Valuation Review Group to ensure correct valuations are used for the firm's books and records.
3) Enhancement/Streamlining of current processes and management of strategic changes to financial reporting for new regulatory requirements such as Volcker / CCAR
4) Presentation of financial data and partnering with senior BU stakeholders:
- Reporting improved granularity ROE metric by Strategy to help analyze business performance.
- Detailing week-on-week and month-on-month movements in BUs funding, liquidity and capital.
5) Overseeing and leading technological and process changes relating to:
- New firm sub/general ledger systems
- Enhanced balance sheet reporting tools


Skills required:
-The candidate should be a graduate with a Bachelors degree in Accounting/Finance (or another applicable subject showing strong academic credentials) with8 years of product control experience.

Other requirements include:
- Knowledge and experience of financial products, preferably Fixed Income
- High regard for attention to detail and accuracy
- Strong written and verbal communication skills
- Self-starter and the ability to work both independently and as an effective team member
- Ability to partner and work effectively both with direct team members and with colleagues across the wider organization
- Strong planning, organization, and prioritization skills with the ability to work on multiple tasks and with multiple stakeholders
- Proficient in MS Office, specifically a strong command in Excel and PowerPoint
Vice President - Fixed Income Liquid Flow Rates Product Control

Reference: 621442893