Regulatory Controller
POSTING DATE: Mar 20, 2023
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
EDUCATION LEVEL: Bachelor's Degree
JOB: Finance
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Director
About us:
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. Morgan Stanley provides a superior foundation for building a professional career - a place for people to learn, achieve and grow.
We offer:
Work in the Tax department of one of the world's top tier Financial Institutions and gain first-hand insight of our business
A desirable compensation and benefits package including eligibility for an annual bonus
Professional development opportunities including access to Morgan Stanley's world-class internal trainings
Enriching challenges that provide opportunity for constant learning and advancement
A supportive and vibrant diverse environment, we are inclusive of individual backgrounds and leverage them to foster our work environment and culture
About the Department:
Regulatory Controllers are responsible for ensuring that Morgan Stanley maintains adequate capital resources to meet the firm's investment business commitments and to withstand the risks to which the business is subject, e.g., Market Risk and Counterparty Risk. Regulatory Controllers form part of the wider Financial Control Group.
Regulatory controllers duties include:
Monitoring regulatory compliance in accordance with Basel 3 for European regulated entities
Reporting accurate and timely capital usage information to the CFO group and externally the PRA, JST and the EBA.
Facilitating capital efficiency by working with the business and regulators on approvals, appropriate structuring of new trades and continual elevation of capital usage.
Role and responsibilities:
The vacancy is for a permanent member of staff within the Credit Risk Capital Production team.
Oversight and management of aspects of the Credit Risk Capital team, offering strong support to the team lead.
Very high focus on existing Capital rules and the accuracy and compliance of our calculations and processes, taking a leading role in an ongoing governance and assurance agenda.
Working with Regulatory calculation teams in remote locations to validate capital charges and to advise on investigation and reporting.
Direct involvement in projects relating to ongoing and upcoming regulatory initiatives (eg Basel III Endgame), as well as run the bank improvements and implementation within current capital systems and future state builds.
Respond to ad-hoc information requests from Regulators and Business Units, performing impact analysis as necessary.
Presentation of data to senior management.
Close coordination with Firm risk management, other capital reporting teams, BU controllers, trading desks, operations, and reconciliation teams.
Qualifications / Skills Required:
Strong understanding of European Regulatory Rule Book both for advanced and standardised approaches, CoRep capital and large exposure returns, Pillar 3 and other European and UK regulatory rulesets/returns.
Prior Regulatory experience is highly desirable.
Proven ability to perform adhoc analysis on complex datasets, draw out themes & key issues and communicate findings to senior stakeholders.
Proven track record of execution driven chasing of issues through many layers to discover root causes.
Attention to detail and time management are essential skills for this role. In addition, the candidate should have the flexibility required to work in a dynamic environment under tight deadlines.
Good communication skills are required, and the candidate must work well in a team environment.
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
