Legal Entity Governance Office

  • Location

    Glasgow

  • Sector:

    Financial Services

  • Job type:

    Full Time

  • Salary:

    Competitive

  • Contact:

    Cath Lawrie

  • Contact email:

    cath.lawrie@morganstanley.com

  • Job ref:

    3133096

  • Published:

    3 months ago

  • Expiry date:

    2019-07-24

  • Client:

    #

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 role is in the Finance Division’s EMEA Legal Entity Governance Office (LEGO). LEGO is responsible for managing and sustaining the legal entity governance framework to ensure appropriate risk-based coverage for the Firm’s global legal entity population. LEGO’s responsibilities include but are not limited to:

- Legal entity population management

- Legal entity governance and supervision

- Legal entity management reporting

- Stakeholder management

This role will focus on executing the business as usual controls and deliverables within the legal entity governance framework for the consolidated and non-consolidated legal entity populations.

Primary Responsibilities:

 Reference data working group:

- Collate materials for the Monthly Reference Data Working Group from system owners, data owners, or data users and/or other participating functional areas responsible for managing and reporting on issue resolution, or other legal entity reference data related topics

- Prepare minutes and distribute actions to the above stakeholders following the meetings

- Monitor open issues

Compliance with LEGO policies:

- Compile reporting to support the Global Legal Entity Governance and Structure, and Global Non-consolidated Legal Entity Governance, policies

- Ensure legal entity reference data compliance with the above policies; report / escalate any issues, and prepare required reporting for governance forums

Governance workstreams:

- Monitor Legal Entity Variance Analysis scorecards

- Review Due Diligence checklists

- Prepare draft materials for Legal Entity Oversight and Governance Committees (LEOC) for review by LEGO management

- Take minutes from meetings and circulate to LEGO team for comment; manage revisions from LEGO team and other attendees

- Monitor actions and track issues, through LEOC trackers

Skills Required:

The successful candidate should be able to demonstrate a commercial approach to reporting, with proven skills in investigating issues to discover root causes, and be confident in developing relationships across a wide variety of stakeholders and business areas.

The successful candidate:

- Will be required to demonstrate ability to effectively self-manage workload and balance multiple deliverables and prioritise appropriately

- Should be able to demonstrate strong analytical, organisational and documentation skills

- Should possess excellent Microsoft Excel skills and be proficient in data mining and have experience of summarising and presenting themes and results in a meaningful format. Experience in using Microsoft PowerPoint would also be beneficial

- Have the ability to build good relationships

- Should be highly numerate with a close attention to detail, and demonstrate a strong commitment to developing skills

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

Skills Desired

Experience in:

- Financial reporting or risk management within a financial services environment

- End to end process and control assessment, including identification of issues, assessment of impact, suggestions for remediation and implementation of remediation plans

- Internal controls

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.

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.