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. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Glasgow Profile:
Morgan Stanley’s Glasgow office employs in excess of 1,500 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.
Division Profile
Operations is one of the largest divisions in the Firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating operational risks, developing strong client relationships and partnering with technology to realise the full potential of IT solutions. Operations continually seek ways to improve while actively supporting the development of new businesses, structures and markets. Firmwide Operations includes Shared Services and Banking Operations (SSBO), Operations Risk and Control, Global Project Group and Metrics, Branch Operations and Divisional Management.
Shared Service and Banking Operations delivers industry leading operational solutions by aligning the right functions, people, processes and tools into ten core disciplines offering tailored client service levels that are efficient, controlled and compliant with regulation. Our core disciplines include: Asset Servicing, Cash Management, Client Data Management, Global Banking Services, Loans Servicing, Network Management, Payments (Wireless and Disbursements), Reconciliations, Settlements and International Tax Utility.
Team Profile
International Tax Utility (ITU) helps senior management and its individual business units manage the Firm's Tax risk by owning and driving forward the Operational Tax Control framework. Maintaining and enhancing the internal operating processes, the division is crucial to safeguarding the Firm's franchise, proactively identifying and reporting on all in scope Tax risks.
Glasgow ITU consists of 4 teams with 30 staff who perform a number of control / operational functions over a variety of taxes generated by trading activities across multiple divisions including Equity and Derivatives Trading. The team are responsible for 20 Vendor staff (eClerx) who provide support to the processing teams in Glasgow.
Primary Responsibilities
Glasgow ITU seeks a candidate for a full-time Director role within the Quality Assurance (QA) team. The primary responsibilities of the successful candidate will be to support and enhance the risk management framework across the Global International Tax Utility team, and the vendor teams that support them. This will involve:
- Leading the Global ITU risk agenda and co-ordinating the global team to ensure timely compliance with centralised Operations Risk programmes.
- Supporting and preparing the team for interaction with, and review by, multiple internal and external partners including Audit, Compliance and external consultants.
- In conjunction with the management team, develop and implement the strategic Quality Assurance programme within ITU, creating an independent monitoring and analysis function to assess the adequacy and effectiveness of processes, documentation and risk management across the Global team.
- Overseeing month-end sub-ledger account reconciliation to substantiate balances and identify remediation required.
- Responsibility for day to day management of the QA team.