Risk Management Credit Capital – Associate

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 19 Sep 17

See job description for details


Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

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. Morgan Stanley 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.

Department Profile

The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit and operational risk exposures arising from UK Group business activities, acting independently of business management and providing an effective challenge process.

As part of the Risk Division, the Portfolio Management, Stress & Capital function is responsible for computing, assessing, stressing and managing the portfolio of risk and related capital, as well as leading the Division’s contribution to enterprise-wide programs depending on risk or risk capital. Within the function, the Credit Capital team is responsible for a wide variety of capital-related projects and initiatives, and the credit capital reporting process, including review and analysis of the composition of the portfolio as well as key drivers of movements.

Role profile

The Portfolio Management, Stress & Capital function is seeking an Associate for the Credit Capital team, based in London. The role holder will play a central role in delivering outcomes on a wide variety of initiatives including regulatory developments, capital methodology, capital accuracy, capital impact analysis of strategic initiatives, and a range of regulatory assurance work.

This position requires a strong understanding of Basel III credit risk RWA calculations and associated credit risk measurement methodologies for derivatives and traded products. Candidates with strong numerical/quantitative backgrounds and a track record of success in other banking/risk/finance fields, who can demonstrate a desire and capacity to learn regulatory credit capital, are also strongly encouraged to apply.

Primary Responsibilities

• Participate and contribute to the delivery of large, complex regulatory projects
• Perform self-assessments of the Firm’s compliance with complex prudential regulation, and contribute the development of internal policies and procedures
• Conduct ad-hoc review and capital impact analysis of large trade proposals
• Perform, and participate in, regulatory and capital analysis of new products and proposals initiated by the business units and the Firm, and provide recommendations to the business units and Risk senior management
• Delivery of clear, concise and precise responses to information requests from home and host regulatory authorities
• Produce insightful management information in support of senior management review and challenge of the capital management performance of the Firm’s UK and European legal entities
• Critically review and evaluate the adequacy of the capital held for the credit and counterparty risk of the Firm’s UK and European legal entities


Qualifications:


Skills required (essential)

• Quantitative background required (e.g. finance, accounting, mathematics, economics, STEM etc.)
• Strong written and verbal communication skills
• Excellent Excel and Powerpoint skills
• Strong understanding of traded and lending products
• Understanding of credit risk and market risk principles and key drivers
• Knowledge of Basel credit capital rules
• Databases and programming experience – SQL, Access, VBA etc. desirable
• Understanding of OTC derivative exposure simulation desirable
• Working experience in Basel capital calculation and methodology development desirable

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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. *LI-CL1