Liquidity Reporting Governance and Assurance Manager

  • Competitive
  • Glasgow, Scotland, United Kingdom Glasgow Scotland GB
  • Permanent, Full time
  • Morgan Stanley
  • 23 May 18 2018-05-23

See job description for details

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.

Glasgow Profile:

Morgan Stanley’s Glasgow office employs in excess of 1,300 staff across Operations, Technology, Legal and Compliance, Internal Audit, Fund Services and Finance. Due to our growing business, we have a demand for career minded people to join our teams. Our opportunities offer unrivalled scope for progression and training within a fast paced, meritocratic and constantly changing environment. Morgan Stanley pride themselves on maintaining a culture which champions diversity, an inclusive environment for all, recognition and an opportunity to give back to our communities through various local charity partnerships. The office is located centrally and enjoys the additional benefits of an onsite gym and restaurant.

Department Profile:

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.

The Glasgow Finance team is over 220 strong and spans a wide range of functions including: Product Control; Market Risk Control; Liquidity Control; Treasury Currency Management; Compensation Control; Tax; Legal Entity Control and Governance; Accounting Advisory Services; General Ledger Governance; Regulatory Reporting and Finance Risk. The variety and scope of our opportunities across all levels allows our employees to enjoy fulfilling and challenging long-term careers. In order to maintain this we require finance professionals of all levels, both qualified and non-qualified, who are committed to working in a challenging and ever evolving industry. For non-qualified candidates we actively support a number of professional qualifications.

Team Profile:

The Global Funding Control (GFC) group employs over 60 finance professionals in Glasgow, as part of a Global team of over 150 (across New York, London, Mumbai, Tokyo & Hong Kong). The collective team are responsible for controlling and providing business support for the funding arms of the Firm and is part of the ISG Finance organization.

Pre 2008 crisis, funding was easy to obtain and not priced into trades due to ample liquidity in the markets. Post 2008, the landscape looks dramatically different where the economy and regulators have put a spotlight onto Funding and Liquidity making GFC both a high focus and growth area.

The Glasgow GFC team comprises of the following sub-group & the role creates the opportunity for significant exposure across the function.

Bank Resource Management (BRM) control - Secured Funding

Treasury Capital Markets (TCM) control - Unsecured Funding

Liquidity & Funding Controllers (LFC) - Regulatory & Management Liquidity Reporting & Control

Liquidity and Funding Controllers are responsible for preparing, calculating, reviewing and filing the liquidity reporting returns required by the Federal Reserve and Prudential Regulation Authority. The group is also responsible for supporting and developing the processes and systems to enable the firm to meet regulator’s requirements and support the Firm’s strategic initiatives.

A Manager-level opportunity has arisen within LFC. Reporting to the Liquidity Reporting Governance and Assurance Senior Manager, the position shall have broad exposure throughout LFC globally as well as with Corporate Treasury, Corporate & Funding Technology and Liquidity Risk. Providing a key cornerstone for the governance of liquidity reporting, the position shall encompass ensuring sufficient & appropriate documentation as well as performing internal assurance activities as part of the ongoing risk management framework.

Primary Responsibilities:

Liquidity Documentation

- Monthly maintenance of existing documentation to ensure incorporation of changes to the liquidity reporting environment

- Support of annual reviews of interpretation and technical manuals

- Support of liquidity reporting through technical manual and policy & procedures advice

- Maintenance of documentation storage

- Support in servicing ad hoc regulatory requests

Internal Assurance and Change Management

- Maintenance of infrastructure, risk and control registers

- Support of process improvement and change management initiatives across liquidity

- Support of internal assurance activities within LFC

- Facilitate weekly meetings with senior management to provide updates on status of remediation initiatives

- Produce issue tracking key risk indicator metrics

Ad hoc

- Support liaison with Internal Audit and other internal review departments

- Involvement in department level initiatives

- Assistance with internal departmental training


Skills Required:

- Candidates for the role should be a qualified accountant (CA, ACCA, CIMA)

- With experience of assurance, the candidate should be able to demonstrate initiative and motivation for delivering high quality documentation to enhance the risk management of liquidity reporting, in keeping with regulatory and policy requirements

- A passion for technical regulation, interpretation and application is desired

- The ability to perform independent review of liquidity reporting, with regards to change management and a view to improving the control environment

- Candidates should possess excellent Microsoft Excel and Word skills and be proficient at summarising and presenting themes and results in a meaningful format

- Able to build good relationships with stakeholders across a variety of business and finance areas

- Candidates should be highly numerate and literate with a close attention to detail

- Have the flexibility required to work in a dynamic, challenging environment under tight deadlines

- Relevant exposure to the financial services industry, including product knowledge, is desired

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. *LI-EM3