Morgan Stanley
Credit Risk (Risk Management) : Job Level - Analyst
Morgan Stanley, New York, New York, us, 10261
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 Credit Risk Management department. The team is dedicated to covering the lending businesses within ISG (Institutional Securities Group) at a portfolio level, including analyzing the portfolio risk with each lending business, conducting stress loss analysis (centered around the Firm's CCAR submissions), and collaborating with other areas within Risk and the Business to manage and analyze the pipeline.
Primary Responsibilities
Perform stress testing model runs and analyze results for regulatory stress tests (CCAR) as well as for ongoing business-as-usual stress loss estimates
Collaborate with risk analytics and technology groups on model implementation and testing
Create and deliver presentations to management audiences to aid in analysis and understanding of stress loss results
Covering risk identification process for ISG Lending Credit including materiality assessments, material preparation and ad-hoc requests on risk ID process
Ensure proper implementation of Governance and Controls including updating documentation and project management of recurring and ad-hoc deliverables
Work with technology/perform UAT testing on projects to streamline and enhance existing stress testing models, data tables, and analysis tools - Bachelor's degree required
Strong writing and communication skills
Familiar with fixed income products such as loans, bonds, CDS, securitized products as well as fundamental financial/economic concepts
Strong Excel skills including data lookups (e.g. Vlookup, Index/Match) and transformations (e.g. pivot tables) as well as writing logic-based formulas
Strong mathematical skills, including exposure to fixed income mathematics and concepts
Hard working team player/self-starter with a desire and willingness to learn, attention to detail, and problem solving skills
Basic knowledge of programming languages such as SQL/VBA/R/Python 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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
Seniority Level Entry level
Employment Type Full-time
Job Function Finance and Sales
Equal Employment Opportunity Statement 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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Background on the Position The role will reside within the Firm Risk Management's Credit Risk Management department. The team is dedicated to covering the lending businesses within ISG (Institutional Securities Group) at a portfolio level, including analyzing the portfolio risk with each lending business, conducting stress loss analysis (centered around the Firm's CCAR submissions), and collaborating with other areas within Risk and the Business to manage and analyze the pipeline.
Primary Responsibilities
Perform stress testing model runs and analyze results for regulatory stress tests (CCAR) as well as for ongoing business-as-usual stress loss estimates
Collaborate with risk analytics and technology groups on model implementation and testing
Create and deliver presentations to management audiences to aid in analysis and understanding of stress loss results
Covering risk identification process for ISG Lending Credit including materiality assessments, material preparation and ad-hoc requests on risk ID process
Ensure proper implementation of Governance and Controls including updating documentation and project management of recurring and ad-hoc deliverables
Work with technology/perform UAT testing on projects to streamline and enhance existing stress testing models, data tables, and analysis tools - Bachelor's degree required
Strong writing and communication skills
Familiar with fixed income products such as loans, bonds, CDS, securitized products as well as fundamental financial/economic concepts
Strong Excel skills including data lookups (e.g. Vlookup, Index/Match) and transformations (e.g. pivot tables) as well as writing logic-based formulas
Strong mathematical skills, including exposure to fixed income mathematics and concepts
Hard working team player/self-starter with a desire and willingness to learn, attention to detail, and problem solving skills
Basic knowledge of programming languages such as SQL/VBA/R/Python 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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
Seniority Level Entry level
Employment Type Full-time
Job Function Finance and Sales
Equal Employment Opportunity Statement 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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