JR003952 - Risk Management, Market Risk Analytics, Executive Director
London
JR003952
The role will reside within Firm Risk Managements Risk Analytics Department, specifically the Market Risk Analytics team. The Market Risk Analytics team is responsible for the development of market risk methodology and market risk models which feed directly into the firms internal and regulatory capital calculations and risk management frameworks. The team has presence across multiple geographical locations and jurisdictions.
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.
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About Morgan Stanley
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?
• Oversight of cross asset class model development, enhancement and maintenance of market risk models (VaR, Stressed VaR, IRC, CRM, RNIV, Pillar 2) to ensure ongoing appropriateness and adaptations to new regulations
• Maintain a comprehensive control environment to identify risks and control gaps in the end-to-end model development process
• Design and implement appropriate controls across the suite of regulatory and internal models, metrics and processes
• Contribution to key regulatory deliverables and programs as well as analysis and interpretation of key regulatory requirements (e.g. FRTB, PRA's SS 1/23, Trading Wind-Down / EGIM)
• Perform ongoing monitoring and evaluation of market risk models, review existing models to ensure they remain fit for purpose and make improvements where necessary
• Document models and associated developmental analysis, present results to stakeholders
• Manage, guide and train more junior members of the team
What we're looking for:
• MSc or equivalent in a quantitative subject (such as quantitative finance, statistics/mathematics, sciences or engineering)
• Strong understanding of quantitative market risk and products
• Good understanding of market risk models and how they impact regulatory capital metrics, reporting and associated controls
• Good knowledge of European and UK market risk regulations as applied to market risk models
• Demonstrable experience in delivering enhancements to risk models and processes in the context of European regulations
• Experience in setting up model development and deployment processes, including appropriate governance and controls frameworks
Skills that will help you in the role:
• Strong mathematical, analytical, problem solving and troubleshooting skills
• The ability to effectively communicate with a wide range of stakeholders, both written and verbally
• Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
• Strong organizational skills with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables
Where will you be working?
This role is based in 20 Bank Street, London.
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.