Morgan Stanley's Market Risk Control Finance team needs a Product Controller to ensure accurate activity classification and compliance with Basel covered position rules across various jurisdictions, supporting regulatory requirements and strategic system development.
Requirements
- An awareness in Financial Markets / products and the Basel Regulatory environment
- Excellent Microsoft Office skills (Excel, Teams, PowerPoint, PowerBI) and be proficient in data mining and investigating complex issues to extract key themes and discover root causes
- Track record of proactively driving projects forward and working closely with IT development teams to deliver change
Responsibilities
- Provide oversight on whether activity has been classified correctly
- Ensure ongoing compliance with the Basel covered position rules across various jurisdictions
- Support the delivery of time sensitive internal and external reports and queries from senior management, auditors and regulators
- Develop understanding of the regulatory requirements of VaR Backtesting, and be able to explain how the Firm evidences compliance
- Support the strategic development of Firm systems, partnering with IT teams to explain, prioritize, test and implement new business requirements (in particular, involving change-the-bank 'Fundamental Review of the Trading Book / Basel III endgame' initiatives)
- Assist with the preparation of governance materials and support the maintenance and development of documentation to the standard that can be shared with regulators
- Partner with wider MRC team both locally and globally on cross silo initiatives / projects
Other
- Collaborate with a varied group of colleagues in Finance and across the Firm
- Responsible for both individual and team deliverables and projects, leveraging knowledge of Finance functional area, tools and/or products
- Adhere to the Firm's risk and regulatory standards, policies and controls
- Act as a culture carrier; embody the Firm's values and hold yourself accountable to Firm standards
- Challenge processes and procedures to enhance controls and streamline efficiencies
- Develop and maintain relationships with a range of clients /stakeholders including Product Control, Risk Management and Regulatory Policy teams
- Working knowledge of Finance functional area, industry and competitive environment
- Ability to communicate clearly and concisely, and adapt to various audiences
- Willingness to seek guidance and provide feedback to further develop self and peers
- Work experience within large financial services firms or other directly relevant experience (commensurate with role being applied for)
- Close attention to detail and highly numerate
- Strong commitment to developing their own skills
- Strong verbal and written communication skills
- The flexibility required to work in a dynamic environment under tight deadlines taking accountability and ownership for multiple deliverables
- High level of guardianship - ensuring that exceptions are identified, resolved and escalated on a timely basis
- At least 2 years' relevant experience would generally be expected to find the skills required for this role
