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Vice President, CCAR Reporting and Data Analytics
Morgan Stanley
New York, NY, United States
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Description
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.
Department Profile
Credit Risk Management (CRM) evaluates credit risk transactions and approves, rejects or modifies them considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also assigns Internal Credit Ratings; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
Primary Responsibilities
-Produce CCAR Y14 quarterly filings, related analyses and maintain thorough documentation / procedures. Ensure that appropriate backup and detail is available to facilitate quarterly CCAR attestation process.
-Support internal audits and regulatory exams related to CCAR reporting. Work closely with MSPBNA Policy, Reporting and Regulatory team on all responses.
-Work with mainframe and server-based loan and data systems in extracting CCAR data and ensuring that data integrity is optimal.
-Analyze and review the accuracy, consistency and appropriateness of data provided for CCAR reporting and research extraordinary items.
-Execute on project management functions related to CCAR automation, including project planning, business requirements, technical design, systems specifications, and project deliverables.
-Analyze business processes, recommend business process change, and work with IT to implement approved technology solutions. Continuously rethink ways to streamline and improve CCAR reporting processes.
-Maintain, analyze and report key portfolio data. Ensure data and reports are up-to-date and accurate.
-Be interested and proficient in working with large and disparate data and sources
-Consult with internal customers to analyze and remediate gaps in systems and business requirements to determine current and future solutions.
-Prepare portfolio metrics and reporting packages that are usable for Portfolio Managers and can be relied upon by MS Senior Management.
-Other reporting responsibilities include, but are not limited to, monthly dashboards / management reports; tracking of RACs and Credit Standards; review of EOM Fidelity reports; Credit Limit Utilization Reporting; ACL Q&E-Factor; FFEIC 101 validation; and various FED reporting requirements (inclusive of, but not limited to, OCC Fast Filing, 1099-C, G-4 Filing, FDIC High Risk).
-Understand requirements of systems in order to enhance processes for purposes of efficiency and effectiveness.
-Work with Information Technology and Loan Operations to improve and document data quality. Troubleshoot and resolve data integrity issues and IT coding problems with legacy vendor platforms to ensure optimal functionality.
Qualifications
Skills required (essential)
-Bachelor’s Degree required
-Minimum 8-10 years of experience in related private banking or commercial banking lending / risk functions
-Experience in CCAR reporting
-Detail orientated and highly motivated
-Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner.
-Strong relationship management and communication skills.
-Ability to meet deadlines.
-Ability to multi-task
-Good collaborations skills in a team-oriented environment