Market Risk Controller Analyst

Job 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 a strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, 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 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.

Department Overview

The Market Risk Controller Group is responsible for a series of controls designed to help ensure the completeness and accuracy of firm risk data used within the firm's Market Risk Capital calculations (e.g. Value at Risk calculation) and for executing testing designed to help assess the ongoing validity of the firm's Market Risk models. Given this broad remit, Market Risk Controllers work closely with a wide range of clients and stakeholders globally across Product Controllers, the Market Risk Department, Regulatory Controllers, Accounting policy and the Business Unit. This breadth of interaction provides an excellent and somewhat unique opportunity to learn about a range of businesses and products across the firm. Market Risk Controllers have a footprint in Glasgow and New York.
The core function of the Market Risk controller:

Capital Indicator assurance: This team executes a series of control processes designed to ensure that firm activity is classified correctly for capital purposes. The parameters of this process are based on regulatory requirements. Core responsibilities are to review the capital indicators assigned to firm activity to ensure the firm's Market Risk Capital calculations are based upon the correct population of firm activity. In addition, the team facilitates the overall governance structure for capital indicators and is pivotal in designing and delivering a range of training and reference material to stakeholders (primarily Product Controllers) to help them assign capital indicators appropriately. Key clients are the Market Risk Department, Regulatory controllers, Accounting policy and the Credit Department.

We are looking to hire an Analyst to fill an opening that has recently developed. This is an exciting opportunity that will offer the successful candidate a unique insight into many of Morgan Stanley's key businesses, products and more widely the market risk regulatory framework. This is a demanding, fast-paced role requiring interaction with various teams/functions/clients globally and will combine elements of BAU control and reporting as well as project work.

Responsibilities

• Generate accurate & timely reports for senior clients on a daily/weekly basis.
• Prepare and maintain weekly/monthly risk metrics
• Partner with IT and other groups to facilitate the resolution of issues
• Interpret policies and advise clients on capital indicators.
• Ensuring that assigned projects are delivered on time and any issues escalated proactively.
• Work with wider team/other teams on new regulations/policies impacting the firm's market risk capital requirements.
• Develop and maintain relationships with a range of clients/stakeholders including GPC, Regulatory Controllers, Business Unit, and Risk Management.
• Develop an understanding of the various products and businesses for which we provide support.
• Partner with wider MRC team both locally and globally on cross-silo initiatives/projects
• Maintain functional policies and procedures
• Appropriately escalate risk issues to local management
• Provide ad-hoc analytical support to clients

 Qualification

• MBA / MMS - Finance or Qualified CA. Can be from Accounting/commerce or Engineering discipline during graduation. FRM / CFA candidates are also preferred.