Morgan Stanley is seeking an Associate for the Capital Framework 2nd Line of Defense (CF2L) within Firm Risk Management (FRM), based in New York. CF2L is an independent review function in the Risk Capital team. CF2L assesses the overall effectiveness of the U.S. Banks capital policy and framework, including key considerations, capital planning and governance. The function is complementary to other second line of defense functions that cover model and process validation. A successful candidate for this role will assess key areas of capital planning, including the Capital Policy, Recovery and Resolution Planning, and Stress Testing. The role involves working with a variety of stakeholders and control groups across the organization. The candidate will report to an Executive Director in FRM.

Primary Responsibilities
> Support CF2L management's assessment of U.S. Banks capital frameworks and provide recommendations with respect to capital elements for key areas of capital planning, including:
- Internal capital targets and triggers, and capital distribution framework
- Capital monitoring framework and its effectiveness
- Key capital elements of Stressed Capital Planning, with a focus on Balance Sheet, PPNR and AOCI processes
- Capital elements of Recovery and Resolution Planning, with a focus on stress scenario, recovery actions, capital planning and governance
> Document of CF2L reviews, including summary memoranda and detailed supporting materials
> Support development of the content on CF2L outcomes to stakeholders, management, a range of committees and regulators
> Support CF2L management in developing the Team's operational procedures, annual review plans and monitoring its implementation > Understanding of Finance and Capital fundamentals, including capital ratios, capital actions and reporting
> Understanding of evolving regulatory capital requirements and guidance, preferably at a similarly complex institution
> Quantitative/analytical background (e.g. finance, accounting, economics, etc.)
> Experience working on cross-functional projects
> Strong interpersonal and communication skills, written and verbal
> Attention to detail and ability to prioritize projects and workload
> Self-motivator and team player who brings a can-do approach
> Basic familiarity with assessing capital adequacy

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

Expected base pay rates for the role will be between $85,000 and $140,000 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).