FX Controller - Vice President

Employer
Morgan Stanley
Location
London, United Kingdom
Salary
Competitive
Posted
Sep 15, 2019
Closes
Oct 10, 2019
Ref
6524866
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Company Profile

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.

The Finance Division globally reports to the Chief Financial Officer and consists of some 3,000 employees worldwide. Finance protects the Morgan Stanley franchise by serving as guardian of the Firm's books and records, and by contributing to firm wide risk management and risk reduction. This division maintains relationships with Morgan Stanley's various industry and government regulators, and also serves as the conduit of financial information to the outside investment community. Finance plays a critical role as advisor to Morgan Stanley's various businesses and its senior management team.

Team Profile

Global Corporate Controllers is responsible for the financial and regulatory reporting of the consolidated Firm and its legal entities, liquidity and funding control, accounting and regulatory policy and advisory, controllership of the Firm's infrastructure areas and management the Finance risk and change programs.

The FX Controllers team in London is responsible for managing global foreign exchange exposure, at an entity level, arising from trading and non-trading activities across the Firm. Due to the significant risk to the Firm created by unhedged FX exposure, this team has a pivotal role in safeguarding the Firm's assets. The team's primary objective is to minimize revaluation P&L (transactional risk).

The team performs a range of functions including processing and validating daily hedge requirements and month end reconciliation and control work to validate hedges carried out. The team is also engaged in project and process improvement work in addition to ad hoc requests from the Corporate Treasury desk and various Controller groups. In this regard the team has considerable interaction with Product Controllers, IT, Tax, Legal Entity Controllers, Corporate Treasury and Treasury Controllers colleagues globally.

Primary Responsibilities

An opportunity has arisen for a permanent role within the team. The successful individual will lead the team on its daily, monthly and annual deliverables as well as being a trusted advisor to Corporate Treasury and multiple Controller groups across the firm. The role will provide an opportunity to take a key leadership role in the strategic renovation of the system infrastructure as well as tactical risk reduction initiatives, and reports into the London based EMEA FX and Intercompany Controller.

The role will include the following involvement and responsibilities;

¾ - Management of FX Controller team including review and approval of the daily hedge and daily FX revaluation P&L.

¾ - Key leadership role in the delivery of system infrastructure renovation over the coming years

¾ - Trusted advisor on FX topics across finance globally.

¾ - Creation, implementation and ownership of tactical control remediation processes.

¾ - Maintaining strong relationships with key stakeholders

¾ - Co-ordination of global FX Champions training program.

¾ - Escalate appropriately risk issues as and when they arise.

This is not an exhaustive list of tasks, and responsibilities may change in line with the team and business needs.

Qualifications:

Desirable skills and experience;

- Understanding of FX Risk.

- Strong sense of accountability and ownership as well as the ability to manage others to ensure deadlines are met and issues are resolved on a timely basis.

- Analytical mind-set and good problem solving skills with a willingness to drill through to the root cause of issues.

- Ability to critically evaluate processes and controls and make suggestions for improvement and technology enhancement.

- Strong communicator with ability to interact with senior stakeholders.

- Solid experience in product control with risk management skill-set.

- Qualified with relevant Professional Qualification (i.e. Accounting or CFA).

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.

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.

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