Morgan Stanley
Market Risk Finance Product Controller
Morgan Stanley, Baltimore, Maryland, United States, 21276
Market Risk Finance Product Controller
– Morgan Stanley
We're seeking someone to join our Market Risk Control Finance team as a Product Controller in ISG Finance to provide oversight on whether activity has been classified correctly and to play a pivotal role in ongoing compliance with the Basel covered position rules across various jurisdictions. Key stakeholders include MRD, Business Unit, Regulatory Controllers, and the Credit Risk Department.
In the Finance division, we act as a partner to business units around the globe by providing management, review, analysis and advisory services of the Firm's financial and capital resources. This Associate level position ensures adequacy of controls, profit and loss and balance sheet reporting and reconciliations for a segment, business or product area, as well as management reporting across business segments or cross‑functional end‑to‑end product oversight.
What You'll Do In The Role
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.
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, prioritise, test and implement new business requirements (in particular, involving change‑the‑bank 'Fundamental Review of the Trading Book / Basel III endgame' initiatives).
Challenge processes and procedures to enhance controls and streamline efficiencies.
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.
Develop and maintain relationships with a range of clients / stakeholders including Product Control, Risk Management and Regulatory Policy teams.
What You'll Bring To The Role
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). An awareness in Financial Markets / products and the Basel Regulatory environment.
Close attention to detail and highly numerate. Strong commitment to developing their own skills. Strong verbal and written communication skills.
Excellent Microsoft Office skills (Excel, Teams, PowerPoint, PowerBI) and proficiency in data mining and investigating complex issues to extract key themes and discover root causes.
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.
Track record of proactively driving projects forward and working closely with IT development teams to deliver change.
At least 2 years' relevant experience generally expected.
Salary range for the position: $60,000‑$90,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award and may participate in the relevant business unit’s incentive compensation plan.
Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, 20 Vacation Days annually), 10 Paid Holidays, 401(k), Short/Long Term Disability, and other special perks. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Seniority level
Entry level
Employment type
Full‑time
Job function
Finance and Sales
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– Morgan Stanley
We're seeking someone to join our Market Risk Control Finance team as a Product Controller in ISG Finance to provide oversight on whether activity has been classified correctly and to play a pivotal role in ongoing compliance with the Basel covered position rules across various jurisdictions. Key stakeholders include MRD, Business Unit, Regulatory Controllers, and the Credit Risk Department.
In the Finance division, we act as a partner to business units around the globe by providing management, review, analysis and advisory services of the Firm's financial and capital resources. This Associate level position ensures adequacy of controls, profit and loss and balance sheet reporting and reconciliations for a segment, business or product area, as well as management reporting across business segments or cross‑functional end‑to‑end product oversight.
What You'll Do In The Role
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.
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, prioritise, test and implement new business requirements (in particular, involving change‑the‑bank 'Fundamental Review of the Trading Book / Basel III endgame' initiatives).
Challenge processes and procedures to enhance controls and streamline efficiencies.
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.
Develop and maintain relationships with a range of clients / stakeholders including Product Control, Risk Management and Regulatory Policy teams.
What You'll Bring To The Role
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). An awareness in Financial Markets / products and the Basel Regulatory environment.
Close attention to detail and highly numerate. Strong commitment to developing their own skills. Strong verbal and written communication skills.
Excellent Microsoft Office skills (Excel, Teams, PowerPoint, PowerBI) and proficiency in data mining and investigating complex issues to extract key themes and discover root causes.
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.
Track record of proactively driving projects forward and working closely with IT development teams to deliver change.
At least 2 years' relevant experience generally expected.
Salary range for the position: $60,000‑$90,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award and may participate in the relevant business unit’s incentive compensation plan.
Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, 20 Vacation Days annually), 10 Paid Holidays, 401(k), Short/Long Term Disability, and other special perks. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Seniority level
Entry level
Employment type
Full‑time
Job function
Finance and Sales
#J-18808-Ljbffr