Part Qualified - Financial Controller Deferred Cash

  • Location

    Glasgow

  • Sector:

    Financial Services, Industry

  • Job type:

    Full Time

  • Salary:

    Competitive salary plus benefits

  • Contact:

    Cath Lawrie

  • Contact email:

    cath.lawrie@morganstanley.com

  • Job ref:

    3130830

  • Published:

    3 months ago

  • Expiry date:

    2019-06-27

  • Client:

    #

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:

This role is within the team which has responsibility for managing the expense accounting and reporting processes associated with the Firms deferred cash compensation plans, globally.

Due to the nature of the firm’s compensation arrangements, the group is involved in processing and accounting for a range of complex compensation arrangements.  The function is managed globally and the Glasgow deferred compensation teams work closely with senior management in New York and with other departments in Morgan Stanley including Human Resources, IT and groups across the finance division. 

This role represents an exciting opportunity to be part of a global function.

Primary Responsibilities:

  • Responsible for the processing of new deferred cash awards and changes to granted awards in the general ledger
  • Responsible for the set-up, review and posting of monthly deferred cash compensation expense
  • Responsible for the accurate and timely processing of monthly award termination events (forfeitures and accelerations)
  • Responsible for the updating and maintenance of the deferred cash award master file, a key database containing deferred cash award sub-ledger level accounting data
  • Assist with the preparation of quarterly reporting to support the Tax department
  • Reconciliation of general ledger balances associated with deferred cash compensation
  • Involvement in on-going system enhancement and testing
  • Responsible for maintaining a strong control environment and related documentation (including SOX compliance)
  • Respond to and interact with key stakeholders including HR Executive Compensation, IT, Business Unit Controllers, Payroll, Internal Audit, External Auditors and the firms 3rd Party record-keeper
  • Representing the function in wider office committees
  • Provide variance commentary and ad hoc analysis as required on a timely basis

Skills Required:

  • Relevant degree
  • Accountancy qualification / part or fully qualified
  • Advanced Excel skills
  • Ability to demonstrate a rounded commercial approach to reporting and controllership, with proven skills in chasing issues through many layers to discover root causes
  • Be confident in maintaining relationships across a variety of senior stakeholders and business areas
  • Ability to manage team workload effectively, balancing multiple issues and priorities.
  • Have the flexibility required to work in a dynamic environment under tight deadlines

The following personal attributes are important for this role:

  • Confident
  •  daptable
  • Team worker
  • Strong communicator
  • Well organized
  • Strong verbal and written communication skills
  • Solid analytical skills

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.