Your Opportunity as an Analyst in Corporate Treasury

An overview of this program’s objectives and how you can benefit

Corporate Treasury manages Morgan Stanley's financial resources on a global basis to help the firm achieve its commercial objectives. As an Analyst in Corporate Treasury's tightly-knit program, you will be afforded a broad-based exposure to the inner workings of an investment bank and “big picture” insight into financial markets and decisions that drive how Morgan Stanley is run on a day-to-day basis. Your responsibilities will require global interaction and collaboration not only with members of senior management but with Treasury's internal business partners as well.

The Analyst Program in Corporate Treasury
How the program works and the day-to-day experience you can expect

The Corporate Treasury Analyst program is typically a two-year program. Analysts will be exposed to rotations through the seven main groups within Corporate Treasury - Global Treasury Coverage, Global Creditor Relations, Short and Long Term Financing, Liquidity and Capital Planning, and the Banking Strategy Group. 

Global Treasury Coverage serves as a liaison between Treasury and business units.  The function requires the complete knowledge of the size and scope of the business, and an understanding of the Business Model, risk requirements and liquidity needs. 

Global Creditor Relations maintains an ongoing dialogue with banks, current and targeted investors, and the major rating agencies. Responsibilities include educating creditors on Morgan Stanley businesses and financial strength, negotiating credit requirements with banks on a global basis, marketing Morgan Stanley credit at industry-wide investor conferences, and meeting with rating agencies to review the firm's business strategy and financial results. In addition to this, Global Creditor Relations negotiates and manages guarantees.

Short Term Financing maintains a global presence with offices in New York, London, Frankfurt, Sao Paulo, Hong Kong, India and Tokyo. The team utilizes the Commercial Paper Markets (U.S., Canadian, European, Japanese, and Australian), the U.S. Fed Funds and CD Markets as well as Bank Loans and FX swaps to obtain cost-effective unsecured short-term funding. This team also manages the investment of the firm's liquidity portfolio.

Long Term Financing issues financing products for Morgan Stanley in all major global markets (US, Europe, Asia, Australia) in both institutional and retail markets. To enhance funding diversification and cost-effectiveness, the group continuously monitors the global capital markets, and evaluates hedging products such as swaps and options as well as structured products such as equity-linked  and credit-linked notes.

Liquidity Planning serves as a liquidity risk monitor for the firm.  It ensures that Morgan Stanley has enough liquidity to meet its re-financing needs, and manage thorough stressed market conditions.  Day-to-day tasks include updating the Contingency Funding Plan (CFP), briefing Treasury Senior Management on the status of the CFP, as well as updating model assumptions. 

Capital Planning is responsible for managing long-term capital resources to ensure Morgan Stanley's capital adequacy and robust liquidity position in all market environments.  Using analytics and models, the team develops policies regarding Holding Company and Business Unit equity capital requirements, analyzes Morgan Stanley's position against its peers and manages subsidiary capital structures through dividends and infusions.

Banking Strategy Group is an integral part of Morgan Stanley's strategy for expansion and profitable growth in its core businesses, focusing primarily on providing financing to large commercial borrowers located throughout the world.  The bank platform of the firm works as a beneficial source of funding and liquidity for the firm.

Launching Your Career
The initial training that you receive on starting the program

Corporate Treasury Analysts participate in a comprehensive firmwide training program and receive a broad-based introduction to financial analysis, as well as exposure to all of the principal business units of the Firm. Analysts also develop an understanding of the inner workings of a global financial services firm and a keen sense of how the capital markets work. Upon completion of the training program, they join the Corporate Treasury department for a two-year program, then traditionally return to school for an advanced degree or pursue other full-time opportunities.

Analysts rotate between the different groups within Corporate Treasury, and have the opportunity to work on a trading desk, price/value options, analyze the firm's capital structure, manage liquidity risk, learn how to hedge currencies and manage a multi-billion dollar debt portfolio, monitor industry trends and competitor performance. The broad-based experience, the continuous training and career development opportunities as well as daily collaboration with senior management in a fast-paced, stimulating environment provide Corporate Treasury Analysts with a solid career foundation.

Developing Your Career
What you can anticipate as you make progress and after completing the program

Corporate Treasury views our Analyst pool as an invaluable resource that keeps our department on the cutting edge. Given the smaller size of the department and Analyst pool itself, our Analysts quickly become integrated into the fabric of Treasury and are looked to for new ideas on creating efficient, streamlined processes. Analysts are encouraged to exercise their strong quantitative and technical skills in their day-to-day responsibilities. Within a rotation, you will work directly with managers and officers who rely on the fresh perspective of incoming Analysts. You also will have the benefit of an overall Program Coordinator who provides you with broader support across the department.

Professional Rotations provide chances for mobility. Analysts will participate in at least three rotations among the five groups within Treasury. Rotations can range from six months to one year depending on the underlying role.

As members of Corporate Treasury, our Analysts are also encouraged to seize opportunities to further expand or develop their knowledge. As Analysts continue to develop in their careers, we encourage them to keep abreast of recent developments in the market and to continue educating themselves in relevant areas. Learning is never complete and learning opportunities can take many shapes and forms – whether through formal classes, on-the-job training, or tapping colleagues.

Is Corporate Treasury Right for You?
A checklist to help you decide if you have the skills and temperament for this area

• You have an aptitude for analysis.
• You are an excellent team player.
• You are precise, accurate, and able to multitask in an ever-changing environment.
• You possess superior written and verbal communication skills.
• You think critically and take initiative.
• You have a commitment to excellence.

Requirements

• College graduate with a finance or business-related degree
• Prior relevant work experience/exposure
• Strong GPA

Selection Process

A two-person team from Corporate Treasury will conduct first-round campus interviews with selected applicants who will then come to New York to participate in a half-day session of final-round interviews. The final-round interviews will have interview participation from each of the five groups within Treasury and will involve a group exercise that is designed to be interactive with other candidates.

How to Apply

Please visit our website at: http://www.morganstanley.com/about/careers/recruiting/apply.html

Deadlines

Interested applicants should apply by early October to be considered during the process.