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Legal Entity Controller - Director/AVP

Employer
Morgan Stanley
Location
Riyadh, Saudi Arabia
Salary
Competitive
Closing date
Aug 8, 2024

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Morgan Stanley - Saudi Arabia

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, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Morgan Stanley has been active on behalf of clients in MENA since the early seventies. We have steadily built our relationships and expanded our offerings in the region: our comprehensive range of services includes mergers and acquisitions, corporate finance, equity and debt capital markets, and sales and trading activities, as well as asset management. From our Offices in Saudi Arabia, the UAE and Qatar, we provide clients access to global opportunity, and solutions to their most complex problems. Our Firm's regional presence is enhanced by our broad reach in the global capital markets, innovative thinking, and unwavering focus on meeting our clients' needs. Together these have made Morgan Stanley an especially strong name in MENA.

About Morgan Stanley

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, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile

The Finance Division 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 firmwide risk management and risk reduction. This division maintains relationships with Morgan Stanley's various industry and government regulators and 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

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 Control.

What will you be doing?

This is an analytical and detail-oriented review role in the Legal Entity Control (LEC) team. The individual will work on all aspects of regulatory and tax reporting covering Saudi Arabia and ensure that the organisation acts in compliance with internal policies, external rules, and regulations in the Kingdom.

Reporting to the Head of MENA Finance, the individual will assume several responsibilities:
- As the registered Finance Officer with the Capital Market Authority (CMA), this individual will be responsible for the entire legal entity lifecycle ensuring compliance with internal and external reporting requirements.
- Review month-end legal entity and tax reporting deliverables. This will include reconciliation, analytical review, and preparation of management packs to support regulatory returns.
- Perform monthly due diligence to ensure integrity of financial information:
- Preparation/Review of month end bookings such as accruals and prepayments.
- Managing booking and validating expense allocations, management recharges and transfer pricing.
- Preparation/Review of month end reconciliations and sign off in Cadency for Balance Sheet, Net Revenues and Expenses.

Preparation/Review of:
- Monthly/quarterly/annual tax returns.
- Monthly financial and regulator reporting to CMA.
- Annual financial statements for legal entity in accordance with Saudi IFRS.
- Liaise with external auditors pursuant to the timely completion of statutory audit.
- Liaise with other internal groups including MENA COO, local infrastructure teams, Ops, Accounts Payable, Payroll, Fixed Assets, Product Controllers and Tax.
- Support firmwide Legal Entity initiatives and any ad-hoc/regular regional management reporting requirements.
- Supervisory responsibility of team member(s).

The responsibilities listed are the core responsibilities in relation to this role. From time to time, the role holder may be called upon to take on additional responsibilities as required to meet the objectives of their division and of the wider organisation.

#LI-VL1
What we're looking for:

Registered Finance Officer with the CMA.
- Business School, Engineer School or University Degree in Accounting, Finance, or a related discipline with Postgraduate qualification (ACCA, ACA, CIMA or equivalent).
- Prior experience of 5-6 years of working in Financial Services, audit, or accounting (legal entity control experience preferrable).
- An understanding of the following areas: month end close, expense management, transfer pricing, cost allocations and financial regulatory reporting.
- Excellent oral and written communication skills.
- Exceptional problem solving and execution skills with attention to detail.
- Pro-active, motivated, strong organisational, planning and prioritisation skills, with ability to handle multiple tasks, work under pressure, and manage competing priorities.
- Ability to partner and work effectively with team members and virtually with colleagues across the wider organisation.
- Self-motivated and the ability to work both independently and as an effective team member.

We are focused on bringing together different backgrounds, experience, and talents to deliver world class service. If you are a driven self-starter, client-focused, and eager to contribute to a leading Global Financial Services firm, please apply. We welcome all backgrounds and experiences.

Where will you be working?

This role is based in 2Al Rashid Tower, King Saud Road, Riyadh, 11586, Saudi Arabia.

Flexible work statement

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.

Internal Applicants

Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.

Equal opportunities statement

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.

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