If You Have Recently Graduate & Bachelor’s Degree Now is Good News For You, Morgan Stanley Recently Launch an Awesome Financial Internship Control Group Industrial Trainee Program In 2023.
The Financial Control Group Industrial Trainee Program at Morgan Stanley India is an excellent opportunity for students or recent graduates interested in financial services. The program is designed to provide trainees with hands-on experience in the financial control group, which is responsible for ensuring the accuracy and integrity of the firm’s financial statements.
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About the Morgan Stanley
Here Are More Information About the Awesome Financial Internship Control Group Industrial Trainee Program In 2023
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 42 countries.
Morgan Stanley’s Finance Division protects the Firm by serving as guardian of the Firm’s books & records while contributing to our Firm-wide risk management responsibilities. The Finance Division manages the Firm’s financial & capital resources, prepares financial and regulatory reports, and helps maintain strong relationships with our Regulators.
We advise and support our various business units by advising on business plans & forecasts, reviewing financial performance, and providing advisory services.
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Broadly, the Finance function in India comprises of Legal Entity Controllers (LEC), Regulatory Reporting, Finance Risk & Assurance, Product Control, Tax, Treasury, and Re-Engineering & Expense Management (REM). Analysts will be provided with structured training and have the opportunity to work within one of these silos. The roles require individuals to work closely with colleagues in Finance and other Business Units.
Morgan Stanley traces its roots to J.P. Morgan & Co. Following the Glass–Steagall Act, it was no longer possible for a corporation to have investment banking and commercial banking businesses under a single holding entity. J.P. Morgan & Co. chose the commercial banking business over the investment banking business. As a result, some of the employees of J.P. Morgan & Co., most notably Henry S. Morgan and Harold Stanley, left J.P. Morgan & Co.
and joined others from the Drexel partners to form Morgan Stanley. The firm formally opened its doors for business on September 16, 1935, at 2 Wall Street, New York City, just down the street from J.P Morgan. The firm was involved with the distribution of 1938 US$100 million of debentures for the United States Steel Corporation as the lead underwriter. The firm also obtained the distinction of being the lead syndicate in the 1939 U.S. rail financing.[citation needed] The firm went through a reorganization in 1941 to allow for more activity in its securities business.[citation needed]
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The firm was led by Perry Hall, the last founder to lead Morgan Stanley, from 1951 until 1961. During this period, the firm co-managed the World Bank’s triple-A-rated bonds offering of 1952, as well as coming up with General Motors’ US$300 million debt issue,[citation needed] US$231 million IBM stock offering,[citation needed] and the US$250 million AT&T’s debt offering.[citation needed]
Morgan Stanley credits itself with having created the first viable computer model for financial analysis in 1962, thereby starting a new trend in the field of financial analysis. The future president and chairman Dick Fisher contributed to the computer model as a young employee, learning the FORTRAN and COBOL programming languages at IBM.
In 1967, it established the Morgan & Cie, International in Paris in an attempt to enter the European securities market. The firm acquired Brooks, Harvey & Co., Inc. in 1967 and established a presence in the real estate business. The sales and trading business is believed to be the brainchild of Bob Baldwin.
In 1996, Morgan Stanley acquired Van Kampen American Capital
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What to expect…
Successful candidates will develop or enhance their knowledge of finance and accounting by exploring the various financial aspects of one or more of the Firm’s business units.
Eligibility Criteria
Good academic background in Business/Commerce with an interest in Financial Services
Excellent problem-solving skills
Knowledge of MS office preferably Excel
Strong communication
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Role and Responsibility
Develop an understanding of the Morgan Stanley businesses and product lines
Produce analysis, reconciliation, and substantiation of P&L and/or other financial reports which will be reviewed with their team’s global counterparts
Understand the Reporting Systems, and contribute to enhancing the Firm’s control environment
Provide Regulatory and Financial Reporting to global stakeholders
Report and provide resolve trade breaks and related adjustments
Working extensively with global counterparts including teams outside of the Finance Division
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Location
India: Mumbai (MSA)
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How To Apply?
If You are an Interested candidate You can apply For his Internship at candidates must submit an online application through the Morgan Stanley Website.
Official Website Link Click Here
