U.S. Banks Financial Planning & Analysis - Director

Morgan Stanley • Harrison, NY

1d • $90,000 - $155,000

About The Position

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Investment Management and Wealth Management (inclusive of Morgan Stanley Private Bank, National Association (MSPBNA) and Morgan Stanley Bank, NA -collectively, the U.S. Banks). Morgan Stanley provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services. 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 doing the right thing, putting clients first, leading with exceptional ideas and a commitment to diversity and inclusion. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, achieve, and grow. Our U.S. bank subsidiaries, Morgan Stanley Bank N.A. (MSBNA), Morgan Stanley Private Bank, National Association (MSPBNA), collectively, (the U.S. Banks) accept deposits, provide loans to a variety of customers, including large corporate and institutional clients as well as high to ultra-high net worth individuals, and invest in securities. Lending activity recorded in the U.S. Bank subsidiaries from the Institutional Securities business segment primarily includes secured lending facilities and commercial real estate loans. Lending activity recorded in the U.S. Bank Subsidiaries from the Wealth Management business segment primarily includes Securities-based lending, which allows clients to borrow money against the value of qualifying securities, and Residential real estate loans. U.S. Banks are regulated by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC). Within U.S. Banks, the Financial Planning & Analysis (FP&A) function is responsible for producing the Annual Strategic Plan and periodical forecasts, leading Balance Sheet and Income Statement efforts for the Banks' Annual and Quarterly Stress Test (AST/QST) submissions to the OCC and providing US Banks' management teams with key financial and strategic analysis to support the Banks' global businesses. The role provides a unique perspective on the whole array of Finance and FP&A activities specific to a legal entity. This position can be based out of the Manhattan or Purchase office locations in NY.

Requirements

• Minimum of 3+ years of experience in financial planning & analysis, or related finance roles within financial services industry
• Bachelor's degree in Accounting, Finance, Economics, or a related field
• Strong aptitude for numbers and quick grasp of new reporting applications
• Ability to handle multiple projects, competing priorities and deadlines with high degree of flexibility all while working independently
• Strong understanding of CCAR, capital planning framework and forecasting methodologies
• Strong analytical, problem solving and project management skills with high attention to detail
• Effective communication and interpersonal skills with the ability to work effectively across functions
• Advanced proficiency in Excel and Power Point

Nice To Haves

• Knowledge of TM1 application a plus

Responsibilities

• Support the preparation and analysis of financial forecasts, budgets and long-term plans for the U.S. Banks (Balance Sheet, P&L, RWA, capital ratios, capital allocation, etc.), ensuring accuracy and alignment with corporate objectives
• Support the end-to-end Balance Sheet and PPNR processes for CCAR/Annual/Quarterly Stress Test and Resolution Planning submissions, including financial modeling and analysis, risk identification, documentation, and governance efforts
• Utilize multiple data sources to create management reporting including Balance and Revenue analysis, Expense analysis, and Key Risk Indicators
• Develop key analytics to enhance decision making and assist with the preparation of materials for the U.S. Banks' CFO, Senior Management, Board of Directors, and Regulators
• Contribute to process improvement and automation initiatives to enhance efficiency, data integrity and analytical capabilities
• Collaborate with Business Units, Corporate and Segment FP&A, Controllers, Treasury, Capital, Risk Management and others in support of the U.S. Banks' deliverables

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees