LIFC Hedge Accounting, Associate, Product Controller

We’re seeking someone to join our team as an Associate in the LIFC Hedge Accounting team.

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

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role:

• -Identify, document and assess key controls across Finance and Operations, as well as work with the business areas to institute proper controls and remediation strategies
• - Communicate findings and recommendations to management, determine root causes, obtain management's action plan for remediation in a timely manner and track findings through resolution
• - Develop and manage working relationships with key stakeholders, including Risk Managers and Business Process owners
• Review and analyze the daily, weekly and monthly profit and loss of the hedge accounting portfolios, including attribution, to ensure key drivers are in line with expectations.
• Specialized knowledge in Hedge accounting and Available for Sale accounting.
• Month-end close reconciliations (inclusive of balance sheet substantiation).
• Review of debt related disclosures (borrowings balance sheet, related 10Q/10K disclosures, and quarterly management reporting).
• Partner with Accounting Policy issues with respect to FAS 133 matters.
• Initiate process reengineering, improve efficiency, and work to improve IT systems.
• Ad hoc projects will be assigned and involve advising with Corporate Treasury, Corporate Risk Management, IT, etc. (e.g., new systems functionality testing, improving attribution).

What you'll bring to the role:

• Bachelor's degree in Finance or Accounting with a minimum of 3 - 5 years' experience in financial services, banking or Big 4 consulting-Proven understanding of testing methodologies and processes-Excellent analytical, technical and problem solving skills with strong attention to detail-Critical dependency on strong oral and written communication skills- Team management experience preferred.- Escalation management and strong partnership with Onshore stake holders- Ability to make decisions based on facts with control mindset- Capital Markets product controls experience preferred.- 5+ years' experience in relevant fields.- Demonstrable leadership qualities with a strong work ethic and team player mentality.- A strong controls background with the ability to design new controls and to challenge the operating effectiveness of existing controls.- Willingness to take initiative to develop and improve processes.- Proficiency with Microsoft Office.- Adept at working in a fast-paced, high-energy level environment.- Excellent communication skills, both verbal and written.- Strong analytical skills.
• At least 2 years' relevant experience would generally be expected to find the skills required for this role

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. 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 42 countries. 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.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.