Morgan Stanley
Market Risk (Risk Management) : Job Level - Vice President
Morgan Stanley, New York, New York, us, 10261
Overview
Join to apply for the
Market Risk (Risk Management) : Job Level - Vice President
role at
Morgan Stanley . 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. The role resides within the Firm Risk Management's Market Risk Department (MRD), 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 Fixed Income Macro coverage team which oversees products in the interest rate, foreign exchange, and emerging market spaces as well as cross-asset trading strategies. Primary Responsibilities
Continuously monitor the financial markets and measure the risk impact of an IR/FX/EM non-linear portfolio, including analyzing complex trades and trading strategies and assessing material weaknesses or overlooked risks and hedging strategies. Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit management. Facilitate discussion and encourage independent challenge of traders, trading management and strategists. Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis. Participate in the formal new product approval process. Contribute to the assessment of the suitability and performance of pricing and risk models. Work with relevant groups to address material deficiencies. Continuously review limit and reporting framework to ensure appropriateness in light of new trades, business strategy, new product risk factors and market conditions. Development of risk methodologies, tools and involvement in system improvement, working closely with traders, quantitative analysts, IT and other groups within the Firm. Utilize and enhance comprehensive stress tests that highlight key risks and participate in regular sign-off of risk submissions to regulators and senior management. Communicate key risks to senior management on a regular basis, including creation of presentations articulating key risks and portfolio changes, escalate emerging or developing risks as necessary. Liaise with and develop effective working relationships with a diverse set of stakeholders including Sales and Trading, Business Unit Risk Management, Desk Strategists, Finance, Technology and Operations and other groups within Firm Risk Management. Manage, mentor, train and develop a team of junior risk managers. Qualifications
A bachelor\'s degree at a minimum and 5-8 years of market risk experience; quantitative background preferred. Experience in Rates and/or FX derivatives is required. Product knowledge of interest rates and/or FX is preferred. Understanding of risk management concepts such as VaR, stress testing, scenario analysis and capital calculations. Strong attention to detail, ability to handle multiple priorities and operate autonomously while still being able to escalate appropriately and without compromising on quality. Highly developed interpersonal and communication skills to prepare and present key risks and complex proposals to a variety of audiences. Technological proficiency in Excel, SQL and Python. 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 89 years. Our values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — guide decisions to best serve clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by diverse backgrounds and experiences. We offer attractive and comprehensive employee benefits and opportunities to move across the business for those who show passion and grit in their work. Note: To learn more about Morgan Stanley offices globally, please visit the company site. Salary and Benefits
Expected base pay rates for the role will be between $120,000 and $205,000 per year at the commencement of employment. Base pay is individualized and may be supplemented by commissions, incentive compensation, discretionary bonuses, and other Morgan Stanley sponsored benefit programs. Equal Employment Opportunity
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).
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Join to apply for the
Market Risk (Risk Management) : Job Level - Vice President
role at
Morgan Stanley . 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. The role resides within the Firm Risk Management's Market Risk Department (MRD), 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 Fixed Income Macro coverage team which oversees products in the interest rate, foreign exchange, and emerging market spaces as well as cross-asset trading strategies. Primary Responsibilities
Continuously monitor the financial markets and measure the risk impact of an IR/FX/EM non-linear portfolio, including analyzing complex trades and trading strategies and assessing material weaknesses or overlooked risks and hedging strategies. Monitor market risks through the review of portfolio risk sensitivities, Value-at-risk (VaR), stress scenario analysis and limit management. Facilitate discussion and encourage independent challenge of traders, trading management and strategists. Understand P&L drivers and construct any necessary tools to facilitate risk and P&L analysis. Participate in the formal new product approval process. Contribute to the assessment of the suitability and performance of pricing and risk models. Work with relevant groups to address material deficiencies. Continuously review limit and reporting framework to ensure appropriateness in light of new trades, business strategy, new product risk factors and market conditions. Development of risk methodologies, tools and involvement in system improvement, working closely with traders, quantitative analysts, IT and other groups within the Firm. Utilize and enhance comprehensive stress tests that highlight key risks and participate in regular sign-off of risk submissions to regulators and senior management. Communicate key risks to senior management on a regular basis, including creation of presentations articulating key risks and portfolio changes, escalate emerging or developing risks as necessary. Liaise with and develop effective working relationships with a diverse set of stakeholders including Sales and Trading, Business Unit Risk Management, Desk Strategists, Finance, Technology and Operations and other groups within Firm Risk Management. Manage, mentor, train and develop a team of junior risk managers. Qualifications
A bachelor\'s degree at a minimum and 5-8 years of market risk experience; quantitative background preferred. Experience in Rates and/or FX derivatives is required. Product knowledge of interest rates and/or FX is preferred. Understanding of risk management concepts such as VaR, stress testing, scenario analysis and capital calculations. Strong attention to detail, ability to handle multiple priorities and operate autonomously while still being able to escalate appropriately and without compromising on quality. Highly developed interpersonal and communication skills to prepare and present key risks and complex proposals to a variety of audiences. Technological proficiency in Excel, SQL and Python. 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 89 years. Our values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — guide decisions to best serve clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by diverse backgrounds and experiences. We offer attractive and comprehensive employee benefits and opportunities to move across the business for those who show passion and grit in their work. Note: To learn more about Morgan Stanley offices globally, please visit the company site. Salary and Benefits
Expected base pay rates for the role will be between $120,000 and $205,000 per year at the commencement of employment. Base pay is individualized and may be supplemented by commissions, incentive compensation, discretionary bonuses, and other Morgan Stanley sponsored benefit programs. Equal Employment Opportunity
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).
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