Job Description

Equities Product Controller


Job Number: 3224182
POSTING DATE: Sep 15, 2022
PRIMARY LOCATION: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
EDUCATION LEVEL: Master's Degree
JOB: Finance
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate

DESCRIPTION
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.

The Financial Control Group (FCG) is responsible for overseeing the accounting and financial and regulatory reporting for the Firm. FCG prepares external financial reports for public filings and regulators. For internal reporting FCG, along with Financial Planning and Analysis (FPA), summarizes, plans and forecasts the organizations financial position, including income statements, balance sheets, and analyses of future revenues, expenses and earnings. FCG is comprised of Business Unit Controllers, Infrastructure Controllers, Accounting, Regulatory and Reporting groups, and Valuation Review.

Responsibilities Include:
Summary of the role
The candidate is responsible for reconciling trader?s P&L and Reporting system P&L plus attribution on a daily basis for each products like foreign exchange, interest rate or credit cash & derivative products, etc. for all the trades executed in Asia / Europe. Candidate will also be involved in weekly/monthly activities as required for internal controls & reporting requirements. The team/candidate will be liaising with the regional teams, operations team, valuation team and traders to resolve breaks/queries. The breaks might be on account of variety of reasons like non-recording of corporate actions, dividends, rate difference which is not captured or some trades executed after the cutoff time

Details of the role

• Understand the Businesses supported, strategy, products and inherent risks
• Understand the Risk & Reporting Systems and contribute to enhancing the control environment
• Daily analysis and substantiation of new trading activity to report and/or for discussion with the BUC-s and or Ops/BU.
• Daily reconciliation of the Risk systems attributed P&L to the Reporting system.
• Substantiation & distribution of reportable TD+1 P&L with analytics & commentary.
• Reporting & resolution of manual adjustments and breaks.
• Month end P&L reconciliation of books to be reported.
• Product Controls system related projects, process enhancements, UAT testing etc.
• Other P&L related tasks and requests

QUALIFICATIONS
Qualifications desired:

• Chartered Accountant or equivalent specialization in Finance stream
• Investment Banking / Product Control related experience an advantage

Skills Required:

• Strong academic background
• Strong knowledge of Equites & derivatives Financial Products (Swaps, Futures, option, Stock loan etc).
• Accounting, P&L and Balance Sheet knowledge
• Controls driven mindset & eye for details
• Strong communication skills
• Able to work in a broader team
• Strong analytical skills

Skills Desired:

• Strong Microsoft excel knowledge
• Knowledge of valuation of Financial products (Equites / Fixed Income )