XVA Market Risk Manager
Morgan Stanley is seeking an Analyst/Associate to cover XVA Risk working in the wider Fixed Income Market Risk team. XVA coverage includes CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment) and many more. We seek candidates with a strong desire to learn and the ability to work well at both regional and global level.
The role will reside within FRM'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 business activities, acting independently of business management and providing an effective challenge process.
Morgan Stanley Budapest is an integral part of the Firm's global critical business functions including Technology, Finance, Risk, Institutional Securities and Wealth Management. Morgan Stanley has been rooted in the Budapest community since 2006 and is considered a leading employer among the area's highly skilled talent. Our innovative team delivers deep technical and mathematical expertise to support the Firm's capabilities in quantitative analysis, data analysis, and risk management. We are relentless collaborators and creative thinkers, fueled by our diverse backgrounds and experiences. We believe in empowering individuals to advance their careers through exposure to innovation, hands-on collaboration and enriching learning and development opportunities.
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We offer:
• The chance to work in the Risk department of one of the world's top tier Financial Institutions and gain first-hand insight into our business
• A competitive compensation and benefit package
• Flexible working arrangements: core hours and opportunity to work from home 50% of the month
• Professional development opportunities including access to Morgan Stanley's world-class internal trainings, financial and study-leave support for selected professional qualifications
• Support in your career development by providing mentoring opportunities
• A supportive, vibrant, and open-minded multinational environment, where your ideas are taken seriously. We accept individual differences and believe in teamwork
You will:
• Be part of the EMEA XVA Coverage team which oversees the firm's CVA (Credit Valuation Adjustment), FVA (Funding Valuation Adjustment) and other related/emerging VAs on the firm's counterparty
• Monitor live financial markets and measure the market impact on Morgan Stanley's portfolio, while having the opportunity to gain a deep understanding of market dynamics
• Review limit and reporting frameworks to ensure appropriateness considering risk appetite, business strategy and market conditions
• Constantly develop expertise in risk management, including products, models, macroeconomics and trading flows of main market participants
• Develop strong expertise in Stress Testing and VaR framework, processes, and economic drivers
• Work directly with a diverse set of stakeholders such as other risk managers, stress testing teams, traders, quantitative analysts, IT personnel across Budapest, New York, London, Frankfurt, Paris, Mumbai, Hong Kong and Singapore
You have:
- Bachelor's or higher degree in fields such as finance, economics, or similar
- Strong knowledge of financial products, including familiarity with risk management concepts
- Strong IT skills to facilitate data analysis (experience with VBA and SQL is a plus)
- Excellent communication (both written and verbal) and interpersonal skills
- Ability to prioritize and manage multiple competing objectives
- Experience in trading or market risk department is a plus
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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.