Fixed Income Product Controller - Credit - Analyst

Morgan Stanley USA
Parkville, MD
Jan 14, 2019
Jan 15, 2019
Full Time
Morgan Stanley is seeking a finance professional to work in the Institutional Securities Group (ISG) Finance Organization as a Product Controller within Fixed Income, supporting the Credit trading businesses. 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 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 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. Primary Responsibilities The team supports the Credit businesses within Fixed Income. Supports client trading businesses that make markets in various corporate bond, credit default swap and various derivative structured transactions. Responsibilities include: -Produce and review daily Profit and Loss (P&L) and P&L explanations for Credit businesses. -Review daily position/P&L reconciliations performed by operations and ensure differences are explained and adjusted appropriately. -Daily interaction with traders to review, agree and summarize daily P&L results. -Provide daily commentaries on significant P&L movements, including analyzing the P&L explanations and ensuring key drivers are in line with expectations given risk exposures in the business. -Month-end P&L close of the books and records, including reconciling between the books and records and management reported P&L, commenting on differences and escalating key items to management. -Month-end Balance sheet close of the books and records, including substantiation of the balance sheet from supporting sub ledger details to the general ledger, resolving issues and escalating key items to management. . -Frequent interaction with various groups across the firm including, but not limited to trading desk, operations, technology, regulatory and legal entity controllers, market/credit risk controllers. Qualifications: - Bachelors degree in Finance/Accounting or related field - 0-2 years of experience - Ability to communicate effectively across all levels - Outstanding attention to detail and follow up - Excellent organizational skills - Ability to handle multiple tasks in a fast-paced environment - Strong analytical and technical skills including Excel and PowerPoint Fixed Income Product Controller - Credit - Analyst

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