Morgan Stanley
Market Risk Stress Testing - Associate (Risk Management) : Job Level - Associate
Morgan Stanley, New York, New York, us, 10261
Stress Testing Scenario Design – Associate
Firm Risk Management (FRM) supports Morgan Stanley in achieving its business goals by partnering with business units across the firm to realize efficient risk‑adjusted returns. FRM acts as a strategic advisor to the Board, protects the firm from exposure to losses, and oversees credit, market, liquidity, operational, model, and other risks.
Background on the Position The role resides within the Market Risk Department (MRD) of FRM. MRD is dedicated to governance and oversight of all market risk arising from the firm’s business activities. This position is part of MRD’s Market Risk Stress Testing team. It supports the design and reporting of stress‑testing scenarios—both regulatory and business‑as‑usual (BAU)—requiring knowledge of stress testing principles, stress PnL analysis, market risk, and macroeconomic theory.
Primary Responsibilities
Support internal BAU and regulatory stress‑loss reporting for Trading, including ad‑hoc stress PnL analysis.
Contribute to market risk stress‑loss appetite/limit calibration.
Participate in the design process of internal and regulatory stress‑testing scenarios, setting standards, effectively challenging scenario narratives, and capturing risk and stress loss drivers.
Maintain high documentation standards; liaise with stakeholders to satisfy internal and regulatory stress‑testing documentation requirements and governance.
Enhance the firm’s stress‑testing framework to ensure best‑in‑class capabilities.
Stay abreast of market trends, emerging risks, and macroeconomic themes.
Experience and Qualifications
Bachelor's degree and a minimum of 3 years of experience.
Preferred background in Market Risk Management, Financial Markets, Economics, or Finance, with strong analytical skills.
Knowledge of trading products across asset classes (Equity, Rates, FX, Credit, Securitized Products, Commodities, etc.).
Strong writing and presentation skills to effectively convey scenario design themes and objectives.
Interpersonal and communication skills for liaising with senior management, market risk specialists, and analytical teams.
Desired project‑management, business‑process, governance, and documentation skills.
Desired experience with BCBS, bank capital CCAR, and other regulatory frameworks.
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 every decision we make. In addition to a supportive and inclusive work environment, we offer comprehensive benefits, ample career growth opportunities, and the chance to collaborate with the best and brightest in the industry.
Compensation Expected base pay rates for this role range between $100,000 and $140,000 per year at the commencement of employment. Total compensation may also include commission earnings, 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, 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 resides within the Market Risk Department (MRD) of FRM. MRD is dedicated to governance and oversight of all market risk arising from the firm’s business activities. This position is part of MRD’s Market Risk Stress Testing team. It supports the design and reporting of stress‑testing scenarios—both regulatory and business‑as‑usual (BAU)—requiring knowledge of stress testing principles, stress PnL analysis, market risk, and macroeconomic theory.
Primary Responsibilities
Support internal BAU and regulatory stress‑loss reporting for Trading, including ad‑hoc stress PnL analysis.
Contribute to market risk stress‑loss appetite/limit calibration.
Participate in the design process of internal and regulatory stress‑testing scenarios, setting standards, effectively challenging scenario narratives, and capturing risk and stress loss drivers.
Maintain high documentation standards; liaise with stakeholders to satisfy internal and regulatory stress‑testing documentation requirements and governance.
Enhance the firm’s stress‑testing framework to ensure best‑in‑class capabilities.
Stay abreast of market trends, emerging risks, and macroeconomic themes.
Experience and Qualifications
Bachelor's degree and a minimum of 3 years of experience.
Preferred background in Market Risk Management, Financial Markets, Economics, or Finance, with strong analytical skills.
Knowledge of trading products across asset classes (Equity, Rates, FX, Credit, Securitized Products, Commodities, etc.).
Strong writing and presentation skills to effectively convey scenario design themes and objectives.
Interpersonal and communication skills for liaising with senior management, market risk specialists, and analytical teams.
Desired project‑management, business‑process, governance, and documentation skills.
Desired experience with BCBS, bank capital CCAR, and other regulatory frameworks.
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 every decision we make. In addition to a supportive and inclusive work environment, we offer comprehensive benefits, ample career growth opportunities, and the chance to collaborate with the best and brightest in the industry.
Compensation Expected base pay rates for this role range between $100,000 and $140,000 per year at the commencement of employment. Total compensation may also include commission earnings, 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, 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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