Market Risk Projects & Regulatory - Associate

What will you be doing?

• Daily monitoring of capital measures such as VaR, stressed VaR and IRC as well as monthly / weekly SBM measures.
• Contribution to the Risk Identification process and regular reviews of portfolio limit utilisation (VaR, group level limits, Banking Book exposures, Climate Risk).
• Coordination of the monthly Market Risk committees (minutes, material preparation) as well as risk material production for other risk committees (governance, model, stress-testing).
• Involvement in strategic market risk workstream such as FRTB, EBA Benchmarking, EBA Stress Testing.
• Ensure ongoing regulatory compliance including participation in regulatory self-assessments, review of new requirements, and preparation of disclosures and submissions (e.g. Benchmarking, ICAAP and Pillar 3)
• Contributions to the implementation and maintenance of the market risk framework (including policies and procedures, Operational Risk, Tools & Model), ensuring alignment with industry best practices, regulatory standards and firm objectives.

What we're looking for:

• Bachelor degree or equivalent, in a quantitative subject, mathematics or statistics
• 3 - 5 years market risk experience and understanding of key market risk concepts, processes and models (e.g. traded products, VaR, stress testing, risk/limit management)
• Good knowledge of the regulatory environment around market risk capital modelling in Europe (e.g. CRR, EGIM, BCBS 239, FRTB)
• Fluency in English and German is required
• Programming Skills (e.g. SQL, Python) advantageous

Skills that will help you in the role:

• Strong analytical and problem-solving skills
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
• Ability to work independently in a self-directed way in a collaborative, team-oriented environment.
• Ability to effectively communicate with a wide range of stakeholders and deliver clear risk presentations to senior management.
• Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.

Where will you be working?

The role will reside within Firm Risk Management's Market Risk Department. The Market Risk Management Division (MRD) is responsible for the independent identification, analysis, reporting and escalation of all market risk exposures arising from EMEA business activities, acting independently of business management and providing an effective challenge process.

Flexible work statement:

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Internal Applicants:

Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here .

Equal opportunities statement:

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.