Morgan Stanley

Associate / Director - LEC

Posted On

Feb. 10, 2025

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

March 12, 2025

Job Description

Morgan Stanley

Associate / Director - LEC - Finance

Profile Description

We’re seeking someone across to hire for our LEC team.

Finance

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

Business Audit

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

At Morgan Stanley India, we support the Firm’s global businesses, with critical presence across Institutional Securities, Wealth Management, and Investment management, as well as in the Firm’s infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there’s ample opportunity to move across the businesses for those who show passion and grit in their work.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you’ll do in the role:

The Financial Control Group (FCG) is responsible for overseeing the accounting and financial reporting for the firm. FCG prepares external financial reports for public filings and regulators. For internal reporting, FCG, along with Financial Planning and Analysis (FPA), summarizes, plans and forecasts the organization’s financial position, including income statements, balance sheets, and analyses of future revenues, expenses and earnings. FCG is comprised of Business Unit Controllers, Infrastructure Controllers, Accounting, Regulatory and Reporting groups, and Valuation Review.
The Legal Entity Controllers group is responsible for the accounting, reporting and oversight of Morgan Stanley’s core legal entities. The groups’ responsibilities include, but are not limited to, preparation of financial statements, federal regulatory filings, monthly closing of Firm’s books and records, analytics, entity- specifics accounting policy, legal entity maintenance, account reconciliation and account structure maintenance.
The team is involved in overseeing the preparation of timely, relevant and value added information on entities and presenting this to senior management, both local and functional, including:

• Monthly Balance Sheet and P&L preparation and review. Preparing detailed variance analysis
• Preparation and Review of statutory financial statements
• Review of management accounts and variance analysis
• Validation of US Federal Reserve entity level reporting
• Co-ordination of all legal entity activity, with key internal experts such as tax, legal etc.
• Tax Compliance
• Supporting the Business Units in the setup, opening & closing of entities and adapting the entity’s ledgers and system requirements.

Responsible for maintaining key stakeholder relationships both internally and externally including: external auditors, Product Control, Company Secretarial and Tax.

What you’ll bring to the role:

Skills required:
• Professional accountancy qualification (CA/CPA) necessary, with relevant experience.
• Candidates should possess excellent Microsoft Excel skills and be proficient in data mining and summarising and presenting themes and results in a meaningful format.
• Strong verbal and written communication skills
• Solid analytical skills
• Strong organisational skills, including the ability to coordinate, prioritize and manage multiple activities.
• 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.
• 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

Skills Desired:
• IFRS and /or USGAAP knowledge an advantage
• Knowledge of financial products which are used in the financial services industry, such as derivatives, securities lending and repos would be preferred.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.

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