Legal Entity Controller, Associate, Corporate Controllers, Reporting & Accounting

We are seeking someone to join our team as Associate in our Mumbai office, as part of expanding an existing team in our Mumbai office, with controllership responsibility. This is an excellent opportunity to be part of shaping a relatively new function and driving the development of the staff and team. Accounting and Control Team is responsible for maintenance and control of books and records of the Firm's legal entities. This team is Centralized team in Mumbai that provide services (reporting production, books and records controls) for global entity population and global LEC teams.

This role will be to manage a team in Mumbai, and to have responsibility for managing and maintaining books of account for various entities, reporting locally to a Senior manager/ Director in Mumbai and with functional oversight from management in Glasgow. The focus of this role will be on New York/ EMEA/ APAC based entities. The candidate will be required to work with staff in Glasgow to help support our business unit colleagues in other Firm offices.

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 director level position within our Risk, Assurance, Governance & Control Job Family which provides oversight and monitoring of operational risk or third party/outsourcing for the global Finance division, validation and testing of financial and regulatory reports and reinforcement of regulatory requirements, policies and procedures.

Since 1935, Morgan Stanley is known as a global leader in financial services, continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
 

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
- \Preparation of timely, relevant and value-added information on entities, both local and functional, including
- Month end process including accruals, reconciliations (Intercompany, Bank, control accounts), Transfer pricing calculations, booking of GAAP adjustments etc.
- Monthly Balance Sheet and P&L GL analysis and review.
- Preparing detailed variance analysis report and provide necessary commentaries to substantiate the movements.
- Stakeholders Management (Resolving Queries and providing data and presenting to senior management)
- Supporting Business Units / Legal Entity Controllers in the setup, opening & closing of entities and adapting the entity's ledgers and system requirements.
- Managing Various Central Functions including Corporate actions, FX, CTA etc.
- The role will also require participation in the development of the LEC function in Mumbai, involving.
- Re-engineering and standardization of processes as required
- Supporting the Business Units in the setup, opening & closing of entities and adapting the entity's ledgers and system requirements.
- Ongoing entity-specific initiatives and projects
- Contributing to the reporting control framework, ensuring compliance to client requirements and internal policy

What you'll bring to the role:
- Working knowledge of Finance functional area, industry and competitive environment
- Ability to communicate clearly and concisely, and adapt to various audiences
- Willingness to seek guidance and provide feedback to further develop self and peers
- The successful candidate should be able to demonstrate a rounded commercial approach to legal entity controllership and analysis, with proven skills in insightful management reporting, analysis and sound technical accounting skills
- Be confident in maintaining relationships across a variety of senior stakeholders and business areas.
- Ability to manage team work load effectively and balance project, BAU delivery.
- Have the flexibility required to work in a dynamic environment under tight deadlines.
- Keen and motivated to work hard and achieve.
- Shows a willingness to learn from others and increase own knowledge base.
- Takes responsibility for own tasks and proactively looks for opportunities to increase responsibility.
- It shows the ability to identify and analyse the situation through gathering relevant information to understand the root cause.
- Determines the potential impact and implications of issues and takes appropriate action to avoid future recurrences.
- Knows when it is appropriate to resolve matters and offer solutions themselves and when it is critical to escalate to others.
- Able to explain issues and ideas succinctly, using appropriate mediums and language, to ensure others understand.
- Always ensures that the relevant people are kept informed.
- Awareness of other people and environment and own impact on these.
- Responds appropriately to others to build and maintain an effective network of contacts.
- Goes extra mile to ensure needs of others are addressed to highest possible standard.
- Consistently shows concern for all areas no matter how small.
- Ensures tasks are always completed accurately, without exception.
- Checks, verifies and reconciles information to ensure no mistakes are made and work is completed to the highest possible standard.
- Able to quickly and accurately establish priorities.
- Plans own and others' time to meet tight deadlines and is flexible when priorities change.
- Candidates for the role should hold an Accounting /Finance degree or equivalent, and have an understanding of the balance sheet.
- Candidates should possess excellent Microsoft Excel skills and be proficient in data mining and summarizing and presenting themes and results in a meaningful format.
- Knowledge of financial products which are used in the financial services industry, such as securities lending and repos, and an awareness of the issues would be preferred.
- At least 2 years' relevant experience would generally be expected to find the skills required for this role
 

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.