Department Description:
Within U.S. Banks, the Financial Planning & Analysis (FP&A) function is responsible for producing the Annual Strategic Plan and periodic forecasts, leading Balance Sheet and Income Statement efforts for the Banks Annual and Quarterly Stress Test (AST/QST) submissions to the OCC and providing U.S. 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 New York, NY office location.
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 Sheet analysis, Revenue & Expense analysis, and Key Risk Indicators
- Perform financial analysis to support decision-making and assist with the preparation of materials for the U.S. Banks' Chief Financial Officer, Senior Management, Boards 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:
- 2-4 years of experience in Financial Planning & Analysis, or a related finance role within the financial services industry
- Bachelor's degree in Accounting, Finance, Economics, Statistics, Data Analytics, or a related field
- Strong analytical, problem-solving, and project management skills with high attention to detail
- Strong quantitative skills and the ability to learn new reporting applications quickly
- Ability to support multiple projects and deadlines with a high degree of flexibility
- Knowledge of financial forecasting and planning concepts; familiarity with bank regulatory capital or stress testing is preferred
- Effective written and verbal communication skills, with the ability to collaborate across teams and communicate with different audiences
- Proficiency in Excel and PowerPoint; experience with Planning Analytics for Excel (TM1) application is a plus
Expected base pay rates for the role will be between $85,000 and $115,000 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.
