Prime Brokerage Controller - Associate

96 Morgan Stanley UK Ltd; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

Morgan Stanley in London is seeking an Associate to join the Prime Brokerage Controller team. The role focuses on controls, P&L sign-offs, and balance sheet reporting across the DSP and IPB businesses, with a global remit and exposure to regulatory reporting.

You will collaborate with BU, Client Services, IT, and Operations, prepare weekly/monthly management reports, and drive process improvements in reconciliations and analysis to strengthen controls.

Qualifications

• Product Control experience preferably in Prime Brokerage.
• Highly numerate.
• Detail oriented and well organised.
• Strong communication skills.
• Analytical mind-set and strong problem solving skills.
• Demonstrated ability to deliver technical improvements.
• Strong desire and capacity to learn with a tenacious mentality.
• Proven track record to manage multiple deliverables and maintain focus under pressure.
• Understanding of Balance Sheet and Funding desirable.
• AC A/CIMA/ACCA preferable.
• Alteryx and Power BI skills preferred.

Responsibilities

• Providing coverage for guardianship of the books and records including daily Profit and Loss sign offs and Regulatory submissions.
• Supporting and collaborating with BU, Client Services, Legal Entity Controllers, Product Controllers, IT, and Operations across daily functions and initiatives.
• Preparation of weekly and monthly reporting for the BU and global senior management.
• Enhancement of reconciliations and analysis to create efficiencies and strengthen the control framework.

Skills

Product Control experience

Highly numerate

Detail oriented

Strong communication skills

Analytical mind-set

Technical improvements

Tenacious learner

Deliver under pressure

Balance Sheet and Funding

ACA/CIMA/ACCA preferable

Alteryx

Power BI

Education

ACA/CIMA/ACCA preferable

Tools

Alteryx

Power BI

Job description

Prime Brokerage Controller - Associate JR043070 LONDON

The Financial Control Group (FCG) is responsible for overseeing the accounting, 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 organization's 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. The Prime Brokerage (PB) Controller team supports the PB business, which houses Morgan Stanley's Delta One Structured Products (DSP) and client International Prime Brokerage (IPB) businesses. The Prime Brokerage business offers a collection of services to hedge funds & asset managers. These include trade execution and settlement, financing and stock lending, custody of assets, reporting (including portfolio analytics and risk management) and setting up of their company (infrastructure and technology). These services generate individual revenue streams from margin interest, stock lending, rehypothecation and transaction fees.

The DSP team is responsible for the monitoring, reconciliation and control of Revenues and Balance Sheet. The role has a global reach, dealing with the EMEA business along with the businesses in North America, Hong Kong and Japan.

This is an exciting and innovative space with new technology and STP systems in Finance. The team is therefore able to focus time on value added services to meet internal client needs and develop and design reporting analytics with global counterparts.

This is an Associate level position within our Product Controllers Job Family which specializes in ensuring adequacy of controls, profit and loss and balance sheet reporting and reconciliations for a segment / business / product area, as well as management reporting across business segments or cross functional end-to-end product oversight.

Primary Responsibilities

• Providing coverage for guardianship of the books and records including daily Profit and Loss sign offs and Regulatory submissions;
• Supporting and collaborating with the Business Unit (BU), Client Services, Legal Entity Controllers, Product Controllers, IT, and Operations across daily functions and various initiatives;
• Preparation of weekly and monthly reporting for the BU and global senior management;
• Enhancement of reconciliations and analysis to create efficiencies and strengthen the control framework;

Skills required

• Product Control experience preferably in the Prime Brokerage business
• Highly numerate
• Detail oriented and well organised
• Strong communication skills
• Analytical mind-set and strong problem solving skills
• Demonstrated ability to deliver technical improvements
• Strong desire and capacity to learn with a tenacious mentality
• Proven track record to manage multiple deliverables and maintain focus under pressure
• Understanding of Balance Sheet and Funding desirable
• Part Qualified ACA, CIMA or ACCA preferable
• Alteryx and Power BI skills preferred

What you can expect from Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90years.

Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back – aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42countries.

At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Certified Persons Regulatory Requirements

If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Equal opportunity and diversity statement

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.