Position Background and Location
This is an Executive Director level role in New York within the Market Risk Department. It is located on the trading floor, as part of the market risk coverage team for the commodities division. This role encompasses extensive interaction with trading teams, various risk functions, IT and other control groups, with a particular focus on day-to-day market risk management, scenario analysis and stress testing for the commodities business which includes north America power and gas, EU power and gas, emissions, oil and oil products, metals and agricultural products. Candidate is expected to manage and globally lead a team of risk managers, and cover all commodity products with a primary focus on north American power and gas.
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Primary Responsibilities
> Analyze structured transactions, complex client trades in commodities markets, and provide required approvals where necessary
> Provide leadership on the commodities market risk team and think proactively and strategically about risk analyses of structured transactions
> Maintain constant dialogue with commodities trading desks and front office support groups regarding trading strategies, limit usage, and risk representation of client transactions
> Work closely with the trading Desk, Risk Infrastructure team and Market Risk technology, to ensure that key risks are identified, measured, managed and produced on a timely and accurate basis.
> Escalate key risks to management with relevant ad-hoc analysis in a timely fashion.
> Work closely with the MRD commodities coverage team and the broader Firmwide risk groups to devise and implement CCAR level shocks and all related analyses.
> Manage and lead a small team of junior analysts and associates
Qualifications/Skills/Experience
> Suitable candidates will have commodities market risk management experience (especially North American Power & Gas markets), an excellent academic background, including an advanced degree in economics, finance, or engineering.
> Strong leadership and management skills. Strong communications skills in order to design and deliver clear risk presentations to senior management
> Strong familiarity with VaR calculations, stress testing and scenario analysis for commodity products.
> Attention to detail, project management and prioritization skills will be key in balancing daily deadlines with timely implementation of strategic projects.
> Candidates will be expected to show good judgment of risks and an understanding of commodities markets (power & gas in particular), including models and products.
> Strong quantitative and technical skills (e.g. SQL, R, Matlab, Excel) are required to facilitate data analysis
> Proficiency in MS Office and related applications (PowerPoint, Excel, Word)
> Detail oriented with exceptional organizational skills. Superior analytical thinking and problem solving abilities
> Proven leadership ability with strong relationship building and client management skills
> Plus: FRM or ERP certification
Expected base pay rates for the role will be between $165,000 and $275,000 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 characteristics