Market Risk - Associate / Vice President
The role will reside within FRM's Market Risk Department covering XVA Risk Management across Fixed Income and Equity Derivatives activities. 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. XVA Risk coverage includes CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment) and other related/emerging VAs. We seek candidates with a strong desire to learn and the ability to work well at both regional and global level.
About Morgan Stanley
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Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
What will you be doing?
- Identify, assess, report and monitor XVA market risks across a diversified portfolio including real time involvement in the approval of complex and large transactions, analyzing trading/hedging strategies, assessing material weaknesses or overlooked risks and understanding PnL drivers
- Monitor live financial markets and measure the market impact on Morgan Stanley's portfolio
- Review limit and reporting frameworks to ensure appropriateness considering risk appetite, business strategy and market conditions
- Develop and enhance expertise in risk management, including products, models, macro-economics and trading flows of main market participants
- Ownership, implementation and maintenance of the market risk framework including limits, market risk models (VaR and other) and stress testing, ensuring alignment with industry best practices, regulatory standards and firm objectives
- Involvement in the development of risk methodologies, tools and system improvements, ensuring models and methodologies are fit for purpose
- Communicate key risks to senior management and escalate emerging or developing risks in a timely manner
- Collaborate effectively with a diverse set of stakeholders including: Sales and Trading, Business Unit Risk Management, Desk Strategists, Finance, Compliance, Technology and Operations
- Drive strategic change across multiple initiatives ensuring timely and effective deliverables
- Engagement in regulatory driven deliverables
What we're looking for:
- Degree, or equivalent, in a quantitative subject, mathematics, statistics or engineering
- Strong academic and analytical background
- Knowledge in either Equities or Fixed Income Products and Markets (XVA market risk experience preferred)
- Strong financial product knowledge is required, including an understanding of risk representations (including Greeks) and a solid understanding of risk management concepts such as VaR, stress testing and scenario analysis
- Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
Skills that will help you in the role:
- Ability to work in a fast-paced environment, balancing multiple high priority deliverables
- Ability to effectively communicate with a wide range of stakeholders, both written and verbally
- Ability to work independently in a self-directed way in a collaborative, team-oriented environment
- Strong attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word)
Where will you be working?
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.
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.