Placement and duration
The Corporate Treasury Industrial Placement Program is for students in their penultimate year of university who are studying a course that involves a year in industry. The Program will begin in June 2024, running for 13 months, with students placed into one of five functional Treasury teams where they will spend the majority of their placement. Industrial Placement students will have the ability to work with the other Treasury teams to gain a holistic understanding of how the whole Treasury department works. The functional teams include Liquidity, Capital, Funding, Legal Entity Management and Recovery & Resolution Planning (RRP).
Corporate Treasury sources, manages and protects Morgan Stanley’s vital liquidity, funding and capital resources, enabling the Firm’s core businesses to meet their commercial objectives, whilst also maintaining a focus on efficient resource usage. In your placement you will get the opportunity to understand how the Firm meets new and existing regulatory requirements, adapts to market volatility and stress scenarios, and plans for strategic change. Corporate Treasury works closely with broader Finance, the Risk Division, the Business Units (Institutional Securities Group) and senior Firm management.
You will develop technical, analytical and presentation skills that you will be able to use at University and in your future career. Your communication skills will be enhanced as you interact with colleagues across a range of seniority levels and global locations (predominantly New York, Budapest and Frankfurt).
Training begins with a Firmwide induction along with peers from other divisions. This is followed by four days of classroom-based product and technical training. Industrial Placement students also receive considerable on-the-job training, a series of education sessions, Treasury-wide meetings, networking events and work-shadowing opportunities.
Role and Responsibilities
As an Industrial Placement Programme participant, your responsibilities may include:
• Distilling and co-ordinating information for presentations and proposals for various Firm governance committees and Senior Management
• Presenting your work and responding to queries at regional and global meetings
• Contributing to strategic projects such as process improvement, automation and simplification
• Providing ad hoc analytical support across the treasury team
• Building effective working relationships with other key stakeholders within Corporate Treasury as well as Firm Risk Management, Bank Resource Management, the Business Units, Finance, Operations, and Technology
• Depending on which Treasury team you are placed in the role may include:
• Analysing and understanding the drivers of capital, liquidity and funding resources and requirements for Morgan Stanley entities in Europe, the Middle East and Africa (EMEA)
• Monitoring interest rate and Foreign Exchange (FX) risks, and proposing hedging actions to reduce risk exposure
• Overseeing unsecured funding issuances (Structured Notes), including approval of products used, pricing and identifying ways to increase automation of the workflow
• Supporting the definition and execution of the Firm’s Legal Entity Strategy across EMEA, determining where the Firm should consider opening legal entities or branches, and how these should be structured
• Supporting the Firm’s testing and assurance framework to ensure Morgan Stanley is confident it can respond and survive periods of financial stress (Recovery and Resolution Planning (RRP))
• Supporting the development of regulatory deliverables such as the Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP)
Qualifications and Skills
• You are a penultimate year undergraduate student with a year in industry as a compulsory or optional element of your degree and are on track for at least a 2.1 honours or equivalent
• You have a desire to work in Corporate Treasury, particularly within the financial services industry
• Strong attention to detail and the ability to manage competing priorities
• Excellent written and verbal communication skills in English
• Ability to analyse and synthesize a variety of data to produce well-designed and meaningful summaries and reports
• Adept at solving problems and developing efficient processes
• You have the ability to use Microsoft PowerPoint, Excel and Word
Application Process and Deadline
In order to be considered, candidates must apply by Sunday 26th November 2023 at 23:55 BST
Please note, we recruit on a rolling basis so completing your application as soon as possible is encouraged
To be successful to join the programme you will:
• Submit an online application with cover letter by the above deadline
• Complete the full recruitment process which includes online testing, 1st stage telephone interview and an assessment centre which will take place in person in our London offices