Corporate FP & A Model Development VP - Morgan Stanley
New York, NY
About the Job
Job Number:
3257043Posting Date
: Aug 7, 2024Primary Location
: Americas-United States of America-New York-New YorkJob
: FinanceDescription
Company Profile:
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. 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 integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Division & Department Profile
The Finance Division reports to the Chief Financial Officer and consists of some 3,000 employees worldwide. Finance protects the Morgan Stanley franchise by serving as guardian of the Firms books and records, and by contributing to firm wide risk management and risk reduction. This division maintains relationships with Morgan Stanley's various industry and government regulators, and also serves as the conduit of financial information to the outside investment community. Finance plays a critical role as advisor to Morgan Stanley's various businesses and its senior management team.
Corporate Financial Planning & Analysis (Corporate FP&A) department is responsible for providing Senior Management with strategic analysis of the Firms global businesses, the Firms annual budget, and various related financial information to be utilized in strategic decision-making. Corporate FP&A works closely with business segment FP&A and reporting teams, Corporate Treasury, and the Risk Department on various aspects of FP&A deliverables. This division is also responsible for reporting financial forecasts and related analyses to various stakeholders, including the Firms regulators.
Responsibilities
- Help to build, document, implement, and execute CCAR-related statistical and analytical Pre-Provision Net Revenue (PPNR) and balance sheet forecasting models
- Assist with quarterly statistical and analytical model performance monitoring activities
- Drive strong partnerships / coordination with Business Units, functional areas, and second/third line functions throughout model lifecycle
- Help to maintain policies and procedures related to model development and automation
- Complete ad-hoc analysis and presentations for senior management
Qualifications
Qualifications
- Bachelor's Degree in finance, economics, mathematics, statistics, or related field (Graduate Degree is preferred)
- 5-7+ years of relevant experience
- Familiarity with regression modeling (time series modeling knowledge preferred)
- Knowledge of statistical programming language (R/Python preferred)
- Strong analytical and problem solving skills, with proven ability to operate independently
- Effective time management; ability to meet tight deadlines and handle higher pressure situations
- Effective written and oral communication abilities
- Proficiency in Microsoft Excel, PowerPoint, and Word
- Familiarity with CCAR / DFAST stress testing topics a plus but not required
Expected base pay rates for the role will be between $120,000 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.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).