US Banks DFAST Actuals Lead

Morgan Stanley; New York (NY); On-site; USD 150,000 - 265,000; Full time

Job summary

Morgan Stanley is seeking an Executive Director to lead critical U.S. Banks DFAST readiness programs and drive broader regulatory reporting initiatives.

You will partner with Finance, Risk, Treasury, Technology, and business stakeholders to deliver scalable reporting and stress-testing solutions across the Firms’ expanded product set and footprint. You will guide governance, controls, and data- and process-improvement efforts while managing regulatory examinations and audits.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, Business, or related discipline.
• At least 8 years of relevant experience in regulatory reporting or financial services.
• CPA or CFA preferred.

Responsibilities

• Lead U.S. Banks DFAST readiness and regulatory reporting initiatives.
• Collaborate with Finance, Risk, Treasury, Technology, and business stakeholders to deliver scalable reporting.
• Own risk and contingency plans and ensure governance, controls and documentation.
• Drive milestone delivery, manage risks and issues impacting program objectives.
• Represent U.S. Banks Finance in senior management forums and governance committees.

Skills

Regulatory reporting

DFAST knowledge

Program leadership

Stakeholder management

Risk management

Finance domain

Cross-functional collaboration

Education

Finance/Accounting/Econ degree

CPA/CFA preferred

Job description

We’re seeking someone to join our U.S. Banks Finance team to lead key aspects of DFAST readiness, and eventually lead other regulatory reporting initiatives which reflect the Banks’ expanded product set and geographic footprint.

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. This is an Executive Director level position within the Portfolio & Change Management job family which manages strategic change management, process re-engineering, and establishment of control procedures for projects. Focus on milestone delivery across projects, manage risks and issues that impact program objectives, and facilitate communication across related projects and impacted stakeholders to keep programs on track.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you’ll do in the role:

• Collaborate with a varied group of colleagues in Finance and across the Firm
• Lead end-to-end processes and/or programs that require complex decision making, advanced understanding of client and stakeholder needs and subject matter expertise
• Understand and adhere to the Firm’s risk and regulatory standards, policies and controls; own risk and contingency plans for business area
• Act as a role model and culture carrier; embody and set an example of the Firm’s values and hold yourself and team accountable to Firm standards
• Lead key aspects of the U.S. Banks DFAST readiness program, including execution, governance, controls, documentation, and regulatory deliverables
• Drive the strategic expansion of regulatory reporting capabilities to support new products, legal entities, and geographic growth across the U.S. Banks subsidiaries
• Partner with Finance, Risk, Treasury, Technology, and business stakeholders to deliver scalable regulatory reporting and stress testing solutions
• Oversee the development and enhancement of policies, procedures, data governance, and control frameworks supporting regulatory reporting processes
• Manage regulatory examinations, internal audits, and remediation efforts related to regulatory reporting and stress testing
• Identify process improvement and automation opportunities to enhance reporting accuracy, efficiency, and regulatory compliance
• Represent U.S. Banks Finance in senior management forums, governance committees, and cross-functional regulatory initiatives

What you’ll bring to the role:

• Advanced understanding of Finance functional area, industry, and competitive environment and technical skills, including risks and key regulations relevant to the division
• Strong technical skills
• Ability to inspire and support others by providing positive and constructive feedback and to acknowledge efforts of and promote team members
• Ability to manage risk and impact to functional area, and create plans to mitigate those risks
• Understanding of U.S. bank regulatory reporting, stress testing, capital planning, and governance frameworks, including DFAST, FR Y-14, Call Report, and related regulatory requirements
• Ability to design, implement, and enhance governance, controls, policies, procedures, and documentation supporting regulatory reporting and stress testing processes
• Experience in forecasting, financial planning and analysis, balance sheet management, capital, liquidity, or regulatory reporting within a banking organization
• Ability to manage complex regulatory deliverables, establish execution plans, and drive accountability across Finance, Risk, Treasury, Technology, and business partners
• Understanding of data governance, systems architecture, and end-to-end reporting processes supporting regulatory submissions and management reporting
• Experience in managing regulatory examinations, internal audit reviews, remediation activities, and interactions with regulatory agencies
• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related discipline; CPA, CFA, or advanced degree preferred.
• At least 8 years’ relevant experience would generally be expected to find the skills required for this role

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 $150,000 and $265,000 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.