What you'll do in the role: Morgan Stanley Services Group, Inc. is seeking a Director, Corporate Controllers, Reporting & Accounting in New York, New York to examine, analyze, and interpret financial records to prepare and review regulatory financial statements. Evaluate monthly P&L (profit-and-loss) exceptions and partner with the Firm's Market Risk Department to identify modelling deficiencies, categorize losses, and present outcomes to senior management. Collaborate with technology teams to drive efficiency initiatives and handle large-scale projects within the Finance organization with a focus on the Backtesting and BTI workstreams. Gather user stories and work closely with developers to ensure ongoing compliance with evolving regulatory requirements. Serve as a Subject Matter Expert on complex P&L issues, providing guidance and technical insight as needed. Review outputs generated by global production teams and provide oversight by applying specialized knowledge.Telecommuting permitted up to 2 days per week.
What you'll bring to the role:-Requires a Bachelor's degree in Statistics, Accounting, or a related field of study
-Requires five (5) years of experience in the position offered or five (5) years as an Associate, Analyst, or a closely related occupation
-Requires five (5) years of experience with the following skills:
- financial Greeks including Delta, Vega, Gamma, and Theta;
- P&L attribution analysis including key market drivers and risk sensitivities;
- Value-at-Risk (VaR) methodologies including Historical Simulation, Monte Carlo Simulation, and Hypothetical PnL (Clean PnL) derivation;
- Banking vs. Trading Book classification requirements and boundary rules as stipulated under US regulation;
- Internal Models Approach (IMA) eligibility requirements under the Fundamental Review of the Trading Book (FRTB) framework;
- market risk regulatory capital requirements for banks and Financial Holding Companies (FHCs) and implications of backtesting performance on capital;
- swap dealer regulatory expectations related to market risk capital and backtesting processes;
- global regulators including FRB (Federal Reserve Board), FDIC (Federal Deposit Insurance Corporation), OCC (Office of the Comptroller of the Currency), SEC (Securities and Exchange Commission), PRA (Prudential Regulation Authority), JST (Joint Supervisory Teams), BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), and the regulatory divergences across their respective market risk frameworks;
- Fixed Income and Equity financial products including corporate bonds, distressed debt, total return swaps, FX options, and exotic equity derivatives;
- Agile technology frameworks;
- analytical and data-processing tools including Excel VBA; and
- collaborating with technology to design and implement solutions across Backtesting and Banking vs Trading Indicators.
Expected base pay rates for the role will be between $137,000 and $155,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
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