Morgan Stanley - Finance Internship  

Project Organisation

Morgan Stanley Ltd

Project Location

New York City, USA

Project Activities and Key Roles

Project Mosiac is the merger of one legal entity (Morgan Stanley Capital Services ("MSCS")) with another legal entity (Morgan Stanley Bank, a Utah-based bank ("MSBNA")). This project is intended to expand retail banking services and build a base of core deposits and assets pursuant to Morgan Stanley becoming a financial holding company under the United State's Bank Holding Act. This internship will assist in the coordination of activities associated with Project Mosiac from a Global Product Control ("GPC") perspective.

Required Skills and Abilites

Ability to relate appropriately to others and operate effectively in a team environment.

Essential Attributes

Discipline/Area of Study: Business Administration.
Ability to work in a Multi-cultural environment;
People oriented, dynamic, adaptable and challenging;
Excellent communication skills;
Maintain the highest level of confidentiality and trustworthiness;
Ability to synthesise complex or diverse information;
Actively promotes and personally observes safety and security procedures, and uses equipment and materials properly;
Proficient in Computer Applications including word processing, spreadsheet applications and power point presentations.

Desirable Attributes

Experience using Microsoft PowerPoint, Excel, Word, Access preferable.

Additional Information

Generally:
Position Movements. Certain positions held on or routinely booked to MSCS are not permissible to be held on a bank-regulated entity. The positions must be moved from MSCS to another legal entity either through an internal trade, novation or a total return swap.
o Monitor identification of impermissible population with Legal and Compliance, Desk Strategists, Operations, Business Unit Risk Management and Bank Controllers
o Confirm booking model changes/updates and insure representatives of the Desks are aware of the change in booking models
o Identify, monitor and/or remediate split hedge scenarios that arise when the hedging instrument remains on MSCS but the referenced hedged positions is moved to another entity.
Regulation W, Section 23(b). Transactions between a bank and its affiliates must occur on demonstrable market terms pursuant to U.S. Federal law and Banking regulations. Automated system currently in development that produces daily potential exception reporting on a trade basis. GPC researches potential exceptions and consults Operations, Desks, Business Unit Risk Management and Legal and Compliance. Supporting documentation evidencing market terms retained/preserved by GPC within a tracking system. Trade unwinds or other remediation occur if market terms are not met. Remediation determined by GPC and Bank's Risk Committee and then reported to market regulators.
o Assist in the refinement and documentation of process.