U.S. Banks Financial Planning & Analysis - Director

89 Morgan Stanley Bank, N.A.; New York (NY); On-site; USD 90,000 - 155,000; Full time

Job summary

Morgan Stanley is seeking an experienced FP&A professional to support financial forecasts, budgets and long-term plans for U.S. Banks, including Balance Sheet, P&L and capital planning activities.

This role is based in Manhattan and involves collaboration across FP&A, Controllers, Treasury and Risk Management teams. The role requires 5+ years in financial planning, strong analytical skills, and advanced Excel/PowerPoint proficiency, with experience in CCAR/DFast.

Qualifications

• Minimum 5+ years of experience in financial planning & analysis, or related finance roles within financial services industry.
• Bachelor's degree in Accounting, Finance, Economics, Statistics, Data Analytics, 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 while working independently.
• Strong understanding of CCAR, DFAST14A, 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.
• 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

Skills

Financial analysis

Communication

Excel

PowerPoint

Attention to detail

Education

Bachelor's degree in Accounting, Finance, Economics, Statistics, Data Analytics, or a related field

Tools

TM1

Job description

Company Description

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).

Department Description

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 is based out of the Manhattan office locations in NY.

Key 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

Qualifications

• Minimum of 5+ years of experience in financial planning & analysis, or related finance roles within financial services industry
• Bachelor's degree in Accounting, Finance, Economics, Statistics, Data Analytics, 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, DFAST14A, 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
• Knowledge of TM1 application a plus

What you can expect from Morgan Stanley

We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fueled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. 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. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY: At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between $90,000 and $155,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society. What We Do