Morgan Stanley's Finance division is looking for a Fixed Income Product Controller to join the Interest Rates Credit Control (IRCC) Flow Business Unit.
• The roles involve Controller functions supporting the IRCC FXEM, EU Swaps and Government bonds desks, working alongside two other Controllers at Manager level • Responsibilities will include: o Day to day management of analytics and review process for the trading desk. This will include an overall review of daily PNL against market drivers, with complimentary reviews of the PNL by legal entity, risk attribute and significant new activity drivers. The role would combine performing this task for more complex trading books, whilst managing an associate and analyst who control the more straightforward books. o Day-to-day liaising with the trading desk, Market Risk Control Dept, Operations, Valuation Review Group and others regarding issues relating to P&L. Liaising with Singapore and Glasgow based Controller teams responsible for P&L and reconciliation production. o Resolving ad hoc issues and queries escalated by direct reports o Writing daily, weekly, monthly and quarterly commentaries for the controlled businesses o Completion of the Monthend close reconciliation and signoff process. This incorporates analytical review of balance sheet and P&L vs. Market moves, review of VRG testing results and current valuation adjustments and presentation of findings to senior management. o Participation in current departmental projects, such as standardisation of P&L reports using new IT framework across Fixed Income controllers. o Other process enhancement work as required
• Production and review of the P&L will allow the candidate to develop an understanding of the following one or more products within the interest rate field, including (but not limited to): o FX Spot and Forward o FX Options o Interest Rate Derivatives o Repo / Financing Trades o Emerging Markets o Credit Derivatives
• There is extensive interaction with the business units and the support functions across both Finance and Operations.
Skills Required We are looking for a strong candidate, with an accounting background and relevant experience. Other requirements include: o Good knowledge of fixed income derivatives and their related issues o Strong controls awareness and understanding o Highly committed and self motivated o High regard for attention to detail and accuracy o Must be confident and have strong communication skills o People management experience/skills
• A graduate, preferably with a degree of a mathematical or economic nature, the individual will be qualified and with prior product control experience.
Further information on Morgan Stanley and a full vacancy list can be found on: http://www.morganstanley.com/about/careers/careersearch.html