We're seeking someone to join our Bank Holding Company - Regulatory Controller team as a Vice President in Legal Entity Control reporting to one of the Bank Holding Company Regulatory Controller Leads in New York.
In the Finance division, we act as a partner to business units around the globe by providing management, review, analysis and advisory services of the Firm's financial and capital resources. This is a Vice President level position within the Corporate Controllers, Reporting & Accounting job family which is responsible for the accuracy and control of the Firm's books and records to produce the consolidated firm, segment and legal entities financial statements. The group owns the Firm's financial reporting under US GAAP, International GAAP and the global regulatory regimes. Responsibilities include the development, management and oversight of financial accounting & reporting systems as well as database management. Includes capital and liquidity reporting and external reporting functions.
What you'll do in the role:
- Collaborate with a varied group of colleagues in Finance and across the Firm
- Responsible for and lead a significant set of deliverables, leveraging advanced understanding of Finance functional area, product and/or client segment
- Proactively identify emerging risks in individual and department work and contribute to strategies for mitigating them
- Act as a role model and culture carrier; Embody and set an example of the Firm's values and hold yourself and others accountable to Firm standards
- Reporting to one of the Bank Holding Company Regulatory Controller Leads in New York, the main responsibilities are:
- Bank Holding Company Regulatory Reporting to the FRB in NY across multiple filings including:
- FR Y-9C, FFIEC 009, GSIB Phase II (I-I) and Phase III (I-A), all required Treasury International Capital (TIC) filings (TIC B; TIC D; TIC SLT/SHCA/SCLA).
- Support the preparation of due diligence meeting materials and presentation to senior management and FRB.
- Implementation of all FRB mandated reporting, rule and instructional changes including the roll-out of new regulatory filings.
- Provide technical advisory support to our global Finance colleagues on US GAAP, and regulatory report rules, encompassing technical research and documentation and financial statement reviews.
- Develop subject matter expertise on key areas of accounting and work alongside cross-functional teams on major Firm implementation projects globally, including the implementation of new accounting standards and regulatory changes.
- Supervise, train and development of multiple Finance Shared Services FSS (regulatory reporting production teams) in Mumbai, India. Provide insights and training to FSS teams as they continue to build SME of products and processes.
- Review and sign-off of all New Product Approvals (NPAs), documenting the impact of the NPA across all regulatory filings.
- Partner with Data Governance, providing key SME on data issue impact and remediation prioritization. Drive resolution and timely/sufficient closure of Issues and Action plans.
- Ensure consistency on data approach and methodology across regulatory reporting.
- Prepare/update documentation of rule interpretation, implementation approach and transition to new reporting platforms as applicable.
- Assist in coordination, preparation, response, and issue management across Regulatory Exams and Internal 2nd and 3rd line reviews. Leverage expertise, framework, approach and lessons learned across Regulatory exams.
- Partner with IT and Regulatory Projects team to enhance systems and User Interface platforms to streamline E2E processes
What you'll bring to the role:
- Advanced understanding of Finance functional area, product and/or client segment and technical skills, as well as of industry and competitive environment
- Ability to provide positive and constructive
- feedback and acknowledge efforts of team members
- Ability to articulate risk and impact to various audiences, and create plans to mitigate those risks
- CPA or Advanced Degree in Accounting/Finance or related field.
- 15 + years of combined experience in Public Accounting and Regulatory Reporting in an international banking environment or at Consultancy Firms supporting the financial industry in regulatory reporting. Experience in risk and control matters a plus.
- Strong understanding of USGAAP and the Regulatory Reporting rules and requirements. across our Banking industry.
- Strong understanding of internal controls.
- Ability to design and maintain reporting to drive key initiatives.
- Experience in assessing risk and establishing effective controls.
- Excellent analytical, quantitative, and problem-solving skills.
- Strong communication, organizational and time management skills.
- Ability to interact well with others at all levels and drive objectives.
- Ability to handle and resolve challenges and problems.
Expected base pay rates for the role will be between $120,000 and $210,000 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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