FID, BCU - Client Risk, Associate

Department Profile

The Fixed Income Division (FID) is comprised of Interest Rate, Currency Products, Credit Products, Commodities and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets.

Business Control Unit ("BCU") is a 1st line team within FID which covers a number of risk areas, including Non-Market Risk (Operational Risk), Counterparty Risk, Franchise Risk and Conduct Risk.

The Client Risk Management team within BCU acts as the 1st Line of Defence and are responsible for managing all aspects of client experience as well as protecting the Firm from reputational, franchise and regulatory risk. The team works closely with Sales, Credit, Compliance, Global Financial Crimes, Legal and Operations to resolve risk issues.

Primary Responsibilities

Forming part of the wider FID BCU team, the candidate would be expected to undertake a wide range role, often having to manage multiple tasks with frequent changes to priorities. Responsibilities include partnering with Sales to onboard new clients, working with supporting teams to drive resolution of client issues, & monitoring of risk throughout the client lifecycle.

Responsibilities

• Review new FID client opportunities as part of the Client Selection Committee
• Partner with key stakeholders to resolve Franchise related issues which arise
• Provide risk oversight for all key client risk indicators
• Act as escalation point for client issues
• Making appropriate risk decisions in a time pressured environment, whilst understanding commercial impacts and client relationships
• Oversight and management of temp/contractor & India FTE supporting roles
• Interface with the Global Financial Crimes, Operations and other global BCU divisions, in support of the annual KYC/AML (Know Your Client/Anti Money Laundering program and Client Onboarding process
• Design and implementation of solutions, which includes enabling business growth/strategy within the risk tolerance thresholds
• Assist with remedial actions identified by compliance test checks, internal audit, and regulators
• Organize and contribute to meetings with stakeholders across wider risk projects
• Co-ordinate activities across multiple delivery work streams derived from regulation implementation, regulator, or audit reviews

Skills required

• Confident, assertive, ethically minded, and proactive individual with the ability to learn and apply knowledge quickly
• Effective communicator, able to resolve issues on a timely basis

• Ability to interact effectively with Sales and Trading whilst ensuring risk framework is upheld
• Strong attention to detail with analytical / problem solving skills essential
• Strong organizational skills and the ability to prioritize effectively
• Ability to lead and collaborate across groups to implement change
• Ability to identify inefficiencies and issues before they arise and escalate as required
• Knowledge in and understanding of FID products and their respective product life cycle beneficial
• Knowledge of Client Onboarding, KYC & AML practices, and requirements beneficial
• Working understanding of US regulations reform beneficial

• Excellent knowledge of Power point and MS Excel required

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

We're committed to bringing passion and customer focus to the business.

Expected base pay rate for the role will be between $65,000 and $125,000 for Analyst, and $85,000 to $140,000 for Associate, 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 characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).