What you'll do in the role:Morgan Stanley & Co. LLC is seeking an Associate, Banking in New York, New York to provide investment banking services to the largest and most notable issuers nationwide in the public sector, housing, not-for-profit healthcare, and tax-exempt structured finance groups. Prepare and execute live transactions, including crafting rating agency, investor roadshow, and sales memorandum materials. Prepare product pitches based on market dynamics and responses to requests for proposal. Perform cash flow analyses to evaluate debt financing alternatives. Update credit models and conduct peer credit analysis. Monitor debt portfolios, identifying opportunities for refinancing or restructuring. Conduct debt capacity and affordability analysis. Research and analyze market data to share insights with clients. Field and respond to client inquiries, including travel for client meetings and conferences.
What you'll bring to the role:-Requires a Bachelor's degree in Finance, Economics, or a related field of study
-Requires two (2) years of experience in the position offered or two (2) years as an Analyst, or a closely related occupation
-Requires two (2) years of experience with the following skills:
- Excel, DBC Finance, Word and PowerPoint;
- industry resources including EMMA (Electronic Municipal Market Access), IPREO, and SDC Platinum;
- performing refunding analyses in DBC Finance and structuring new money transactions;
- refunding alternatives including a current refunding, forward refunding, and tender refinancing of tax-exempt and eligible taxable debt;
- reading and interpreting issuer financial statements and documents including Official Statements, Capital Improvement Plans, Annual Financial Reports, and EMMA notices;
- creating comprehensive debt profiles for issuers and evaluating potential refunding opportunities;
- determining when an issuer should utilize fixed rate products versus variable rate products;
- drafting Responses to Proposals (RFPs);
- preparing meeting books and updates by summarizing analytical information into client-ready PowerPoints and PDFs;
- collaborating with the underwriting desk for scale requests, reviewing wires, setting up market update and pricing calls, and coordinating pricing call materials during live deals;
- collaborating with financial advisors and quantitative teams to structure deals and run cashflows;
- reviewing documents including Preliminary Official Statements (POS), Official Statements (OS), and Bond Purchase Agreements (BPA);
- preparing ratings presentations and investor presentations;
- pricing processes including securing SLGS subscription, wiring good faith checks, verifying insurance requirements, and sending cashflows to verification agent; and
- closing processes and ensuring compliance with all MSRB (Municipal Securities Rulemaking Board) regulatory requirements including G-11 wires, G-32 filing, preparing closing memos, SDC Platinum credit confirmation, and post-pricing books.
Expected base pay rates for the role will be between $175,000 and $200,000 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.
