Associate- Cta - Mumbai, India - Morgan Stanley

Morgan Stanley

Verified Company

Mumbai, India

4 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Associate

CTA (Finance)

Job Number:
3238878

POSTING DATE:
Aug 8, 2023

PRIMARY LOCATION:
Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

EDUCATION LEVEL:
Bachelor's Degree

JOB:
Finance

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Associate

DESCRIPTION
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.

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.

Team Profile

Global Corporate Controllers is responsible for the financial and regulatory reporting of the consolidated Firm and its legal entities, liquidity and funding control, accounting and regulatory policy and advisory, controllership of the Firm's infrastructure areas and management the Finance risk and change programs.

Net investment currency exposure arises from the translation of non-USD subsidiaries' assets and liabilities into USD, the Firm's reporting currency.

The CTA Controllers team in New York is responsible for managing the foreign exchange risk arising in the consolidation of global net investment exposures of Morgan Stanley.

Due to the significant risk to the Firm equity created by unhedged net investments, this team has a pivotal role in managing the hedging and its subsequent designation for hedge accounting.

The team's primary objective is to minimize translation risk on the firm's equity.

The CTA team performs a range of functions including management, processing and validation of monthly net investment hedging; as well as month end reconciliation and control tasks to validate executed hedges.

The team has considerable interaction with Tax, Legal Entity Controllers, Accounting Policy, Corporate Treasury and Treasury Controllers globally.

Primary Responsibilities

The role will include the following involvement and responsibilities:

> General Responsibilities:

Facilitating the delivery of strategic support for the CTA FX hedge accounting process to Corporate Treasury
Maintaining strong relations with all key stakeholders
Escalation to CTA Senior Management of significant issues and proposed resolutions

> Monthly Responsibilities:

Review and coordinate monthly net investment hedge execution and accounting to mitigate Currency Translation Risk to the firm
Facilitate preparation, review and issuance of Hedging Instructions
Ensure that the net investment hedges are designated in compliance with hedge accounting rules (ASC 815)
Review month end substantiation to ensure adequacy in 3Rs system for applicable CTArelated Net Revenue and Balance Sheet Accounts
Review all CTArelated reporting including analytics on net CTA P&L and Balance Sheet drivers

> Project/Ad hoc Responsibilities:

Participate in and provide guidance for project initiatives to support all aspects of the CTA fronttoback process

QUALIFICATIONS
> Industry experience with focus on Finance/Controller background — accounting, audit, Industrial trainee experience

> Strong communication skills, both verbal and written

> Demonstrable leadership qualities with a strong work ethic and team player mentality

> Ability to plan and execute against tight timeframes

> Strong organizational skill and strategic thinking

> Analytical mind-set and good problem-solving skills with a willingness to drill through to the root cause of issues

> Strong controls background with an ability to design, implement, enhance, and monitor the effectiveness of existing or new controls

Preferable, but not required skills and experience:
> Hedge accounting familiarity

> FX forward and swaps product knowledge or background

> Treasury or Legal Entity Control experience