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. Together, we share a common set of values rooted in integrity, excellence and 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 Description
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 firm wide risk management and risk reduction. Finance plays a critical role as advisor to Morgan Stanley's various businesses and its senior management team.
Accounting and Control Team is responsible for maintenance and control of books and records of the Firm's legal entities. This team is Centralised team in Mumbai that provide services (reporting production, books and records controls) for global entity population and global LEC teams.
We are hiring Analyst / Associate in our Mumbai office, as part of expanding an existing team in our Mumbai office, with controllership responsibility. This is an excellent opportunity to be part of shaping a relatively new function and driving the development of the staff and team.
This role will be to manage a team in Mumbai, and to have responsibility for managing and maintaining books of account for various entities, reporting locally to a Senior manager/ Director in Mumbai and with functional oversight from management in Glasgow. The focus of this role will be on New York/ EMEA/ APAC based entities. The candidate will be required to work with staff in Glasgow to help support our business unit colleagues in other Firm offices.
Specific Responsibilities
Preparation of timely, relevant and value added information on entities, both local and functional, including:
- Month end process including accruals, reconciliations (Intercompany, Bank, control accounts), Transfer pricing calculations, booking of GAAP adjustments etc
- Monthly Balance Sheet and P&L GL analysis and review.
- Preparing detailed variance analysis report and provide necessary commentaries to substantiate the movements.
- Stakeholders Management (Resolving Queries and providing data and presenting to senior management)
- Supporting Business Units / Legal Entity Controllers in the setup, opening & closing of entities and adapting the entity's ledgers and system requirements.
- Managing Various Central Functions including Corporate actions, FX, CTA etc
The role will also require participation in the development of the LEC function in Mumbai, involving:
- Re-engineering and standardization of processes as required
- Supporting the Business Units in the setup, opening & closing of entities and adapting the entity's ledgers and system requirements
- Ongoing entity-specific initiatives and projects
- Contributing to the reporting control framework, ensuring compliance to client requirements and internal policy
Skills Required
- The successful candidate should be able to demonstrate a rounded commercial approach to legal entity controllership and analysis, with proven skills in insightful management reporting, analysis and sound technical accounting skills
- Be confident in maintaining relationships across a variety of senior stakeholders and business areas.
- Ability to manage team work load effectively and balance project, BAU delivery.
- Have the flexibility required to work in a dynamic environment under tight deadlines.
Work Motivation
- Keen and motivated to work hard and achieve.
- Shows a willingness to learn from others and increase own knowledge base.
- Takes responsibility for own tasks and proactively looks for opportunities to increase responsibility.
Problem Solving & Judgment
- Shows the ability to identify and analyse the situation through gathering relevant information to understand the root cause.
- Determines the potential impact and implications of issues and takes appropriate action to avoid future recurrences.
- Knows when it is appropriate to resolve matters and offer solutions themselves and when it is critical to escalate to others.
Communicating Effectively
- Able to explain issues and ideas succinctly, using appropriate mediums and language, to ensure others understand.
- Always ensures that the relevant people are kept informed.
Building & Maintaining Relationships
- Awareness of other people and environment and own impact on these.
- Responds appropriately to others to build and maintain an effective network of contacts.
- Goes extra mile to ensure needs of others are addressed to highest possible standard.
Commitment To Excellence
- Consistently shows concern for all areas no matter how small.
- Ensures tasks are always completed accurately, without exception.
- Checks, verifies and reconciles information to ensure no mistakes are made and work is completed to the highest possible standard.
Planning & Organizing
- Able to quickly and accurately establish priorities.
- Plans own and others time to meet tight deadlines and is flexible when priorities change.
- Candidates for the role should hold an Accounting /Finance degree or equivalent, and have an understanding of the balance sheet.
- Candidates should possess excellent Microsoft Excel skills and be proficient in data mining and summarizing and presenting themes and results in a meaningful format.
- Knowledge of financial products which are used in the financial services industry, such as securities lending and repos, and an awareness of the issues would be preferred.
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.
Posting Date
Sep 23, 2024
Primary Location
Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
Education Level
Master's Degree
Job
Finance
Employment Type
Full Time
Job Level
Associate
