Firm Risk Management
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Background on the Position
The role will reside within the Firm Risk Management's Market Risk Department (MRD) which is a team dedicated to providing governance and oversight of all market risk arising from the Firm's business activities. The successful candidate will join the New York Fixed Income Micro Coverage Team with responsibilities for the full spectrum of Credit Products and associated hedges traded within Morgan Stanley's Institutional Securities Group (ISG), including Corp Credit, Lev Loans, Distressed, Municipals, and Securitized Products.
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Primary Responsibilities
>Maintain on-going dialogue with trading desks and Front Office support groups regarding positioning, market developments, trading strategies, limit usage, and risk representation of new trades
>Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit monitoring
>Support projects involving your coverage area, such as market risk modelling enhancements, development of stress tests, or regulatory initiatives (e.g. Fundamental Review of the Trading Book)
>Collaborate closely with colleagues from the global Market Risk Department and other support groups, including Finance, Technology
>Perform regular deep dives on topical products, clients, and help create presentations articulating key risks and portfolio changes to senior management in a timely fashion Experience
>Candidate must have a bachelor's degree at a minimum and 1-2 years of experience.
>Product knowledge in Fixed Income and/or Equity products, knowledge in Securitized Products is a plus.
>Curiosity and self-motivation to develop expertise in financial products, markets, and risk management practices
>An entrepreneurial mindset and the motivation to develop risk processes and frameworks from scratch
>Strong proficiency with a variety of technology tools, including analyzing large data sets using tools such as Python, Excel or SQL
>Highly developed oral and written communication skills which can be used to prepare and present risk information to a variety of audiences
>Attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects
>Knowledge of market risk and or counterparty credit risk concepts such as stress scenario analysis, risk measures, PE95, collateral agreements a plus
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 rates for the role will be between $85,000 and $140,000 per 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 characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).