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Investment Banking Product Controller | Baltimore, MD, USA

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.Department Profile: The Finance Division 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 Morgan Stanley Baltimore office is a critical component of the Firm`s Global footprint and has 1,400 employees that provide support and services to the Investment Banking, Securities, Investment Management and Wealth Management Businesses.Team Profile: Our Investment Banking Product Control team is currently seeking to engage with Baltimore's leading talent. We are particularly interested in speaking with you if you are comfortable collaborating with our Trading Desk along with other support areas (Operations, IT, Legal & Credit) to analyze, consult and report on our new and existing businesses. This requires a systematic approach to understanding the risks associated with controlling and accounting for the business. Reach out to our team if you have interest or familiarity in Equity and Debt Capital Markets including Initial Public Offerings, Corporate Loans and Bonds.Responsibilities:- You will produce, investigate and report the daily Profit and Loss (P&L)- You will collaborate with the Business Unit, Technology, Operations and other Controllers daily to deliver accurate P&L reporting and analysis.- You will complete thorough review and allocation of P&L attribution into its appropriate Market (Greeks) or Non-Market based effects- You will be involved in monthly Net Revenue and Balance Sheet reconciliation and substantiation, identifying any differences between our General Ledger and the P&L reporting systems.- You will support the Business Unit and Finance Management with investigating and researching outstanding issues and questions.Preferred Qualities:- You have an interest or familiarity with Financial Markets and Products- You have previous work experience in Financial Services, Audit or Accounting- You have worked against challenging stakeholders and/ or deadlines to deliver positive results- You are willing to observe process and disrupt it in order to prioritize the team' efficiency- You will be able to maintain a strong sense of organization and time management skills- You are a keen multi-tasker and use a high-paced environment to your advantageMorgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background butuniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect ourdesire to attract and retain the best and brightest from all talent pools. We want to be the first choice forprospective employees.It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment onthe basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression,transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/unionstatus, pregnancy, veteran or military service status, genetic information, or any other characteristic protectedby law.Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).Salary range for the position: [$65,000-95,000] Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
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What You Should Know About Investment Banking Product Controller | Baltimore, MD, USA, Morgan Stanley

At Morgan Stanley, we're excited to invite talented individuals to join our Investment Banking Product Controller team in Baltimore, MD. In this role, you'll be at the heart of our Finance Division, where you'll interact closely with our Trading Desk and various support areas like Operations and IT to ensure thorough analysis and reporting for our diverse investment banking services. You'll be responsible for producing and investigating daily Profit and Loss (P&L) reports, collaborating directly with Business Units to deliver accurate financial data. Your work will not only involve the important task of reconciling monthly Net Revenue and Balance Sheet but also entail supporting the Finance Management in resolving inquiries and issues. We value a systematic approach—you'll need to have an eye for detail when it comes to understanding the complexities related to risk controls in equity and debt markets. If you're a proactive individual with a knack for multi-tasking, comfortable navigating fast-paced environments, and have previous experience in Financial Services or Accounting, we’d love to hear from you. At Morgan Stanley, diversity is crucial. We strive to create a work environment reflective of this diversity where integrity and excellence align with every role. Join us in shaping the future of finance!

Frequently Asked Questions (FAQs) for Investment Banking Product Controller | Baltimore, MD, USA Role at Morgan Stanley
What are the main responsibilities of an Investment Banking Product Controller at Morgan Stanley?

As an Investment Banking Product Controller at Morgan Stanley, you will be primarily responsible for producing and investigating daily Profit and Loss (P&L) reports. This role involves collaboration with Business Units and various support teams to ensure accurate reporting and analysis. You'll also handle monthly Net Revenue and Balance Sheet reconciliations, identify discrepancies, and assist Finance Management with outstanding issues.

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What qualifications are needed for the Investment Banking Product Controller position at Morgan Stanley?

Candidates for the Investment Banking Product Controller position at Morgan Stanley should possess familiarity with Financial Markets and Products. Previous experience in Financial Services, Audit, or Accounting is preferred. Organizational skills, the ability to meet challenging deadlines, and effective multi-tasking are essential qualities for this role.

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How does the Investment Banking Product Control team at Morgan Stanley support the Trading Desk?

The Investment Banking Product Control team at Morgan Stanley works closely with the Trading Desk to analyze and report on various investment banking activities. This collaboration is critical as it ensures that all financial reporting is accurate and reflective of market conditions and business transactions.

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What can I expect from the work environment as an Investment Banking Product Controller at Morgan Stanley?

At Morgan Stanley, as an Investment Banking Product Controller, you can expect a dynamic and collaborative work environment. You'll engage with various teams including IT and Operations, and you’ll thrive in a high-paced setting while working towards common goals in the Finance Division.

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What benefits does Morgan Stanley offer to Investment Banking Product Controllers?

Morgan Stanley provides a comprehensive benefits package for its Investment Banking Product Controllers which includes Medical, Dental, and Vision coverage, 401(k) plans, paid time off including vacation, sick leave, and holidays, as well as wellness programs and special employee perks.

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Common Interview Questions for Investment Banking Product Controller | Baltimore, MD, USA
Can you explain how you would analyze daily Profit and Loss reports?

To analyze daily Profit and Loss reports effectively, I would start by ensuring accurate data entry and allocation. Then, I’d assess the figures against prior reports to identify any anomalies and consult with relevant team members to understand the underlying reasons behind any discrepancies. I’d also focus on providing clear explanations in P&L attribution.

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How do you manage tight deadlines in fast-paced environments like investment banking?

Managing tight deadlines involves prioritizing tasks, creating a clear action plan, and communicating transparently with team members to delegate responsibilities. I often use time management techniques such as the Pomodoro Technique or setting milestones to track progress and ensure timely delivery of work.

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What experience do you have with equity and debt capital markets?

I have gained experience in equity and debt capital markets through both academic coursework and professional positions where I analyzed market trends, evaluated investment opportunities, and assisted in reporting for corporate loans and bonds. This has reinforced my analytical skills and understanding of financial products.

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Describe a time you resolved a complex financial reporting issue.

In a previous role, I encountered a significant discrepancy between the general ledger and reported figures. I initiated a thorough review process, collaborated with IT to trace the data flow, and ultimately identified an error in data input, which I corrected and implemented new checks to prevent recurrence.

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How do you ensure accuracy in financial reconciliations?

To ensure accuracy in financial reconciliations, I adopt a systematic approach that includes cross-referencing data from multiple sources, performing regular audits, and utilizing reconciliation software to streamline the process. This, combined with attention to detail, reduces the risk of errors.

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What motivates you to work as an Investment Banking Product Controller?

I am motivated by the challenge of working with complex financial products and the opportunity to contribute to a high-performance team. I enjoy the dynamic nature of finance and find satisfaction in ensuring accurate reporting and effective risk management.

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How do you handle working with challenging stakeholders?

To handle challenging stakeholders, I believe in effective communication and building rapport. I strive to understand their concerns clearly and address them with data-backed proposals, managing expectations and providing regular updates to keep them informed.

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What tools or software are you proficient in for financial analysis?

I am proficient in financial analysis tools such as Excel, specialized reporting software, and database management systems. I leverage these tools for data extraction, manipulation, and visualization to inform my analyses and reporting tasks efficiently.

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How do you keep yourself updated on financial regulations?

I stay updated on financial regulations through regular training sessions, subscribing to industry newsletters, and participating in professional workshops. This continuous learning approach helps me implement compliance measures effectively in my role.

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What do you believe are the key qualities of a successful Investment Banking Product Controller?

Key qualities of a successful Investment Banking Product Controller include analytical skills, attention to detail, effective communication, and teamwork. The ability to handle pressure and adapt in a fast-paced environment while maintaining integrity in financial reporting is also essential.

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Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 85 years, the firm’s reputation for using innovative thinking to solve complex problems has b...

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Full-time, on-site
DATE POSTED
December 19, 2024

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