FID Trading Risk Management

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 20 Jan 18 2018-01-20

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 Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading.

Morgan Stanley is seeking a Front Office Risk Manager for its Trading Risk Management Department in Fixed Income, based in London. TRM provides market risk oversight within the Front Office. The successful candidate will join the TRM team, which is primarily responsible for identifying, assessing, and monitoring mark-to-market risks arising from the Firms trading activities across Fixed Income and Commodities.

Product coverage includes multi-asset class risks across the Firm’s Fixed Income and Commodities Department, including Sovereign and Corporate Credit, Structured Products, Rates Derivatives, FX, Commodities and others.

Primary Responsibilities

The role is located on the trading floor in a small multi-disciplinary risk team and encompasses extensive interaction with traders, senior management and control groups. Specific responsibilities include:

  • Identification, assessment and monitoring of market risks across the portfolio, including implementation of processes to actively monitor and manage these risks. Calibration and enforcement of risk limits aligned with the Firm’s risk appetite. Oversight of the risk monitoring process.
  • Active dialogue with business units, traders, risk management, and other groups regarding business strategies, risk representation, and limit compliance.
  • Detailed risks analysis, highlighting both direct and indirect vulnerabilities in the portfolio.
  • Work closely with stress testing team to validate inputs, design appropriate scenarios, verify shock implementation and communicate results.
  • Communication of results of analyses with relevant stakeholders. Preparation and presentation of briefings to senior management, Boards, and regulators on key risk issues on a regular basis.


Skills required (essential)
  • Prior relevant experience working in trading, risk or finance / treasury at a large financial institution - with preference for candidates with front office or desk-facing experience.
  • Degree or equivalent in a quantitative field such as Mathematics, Economics or Business Finance.
  • In depth knowledge of Fixed Income products with preference for candidates with broader experience.
  • Quantitative orientation with strong intuition and ability to make judgments based on incomplete data. Ability to synthesize complex problems and conceptualize appropriate solutions.
  • Strong technical skills, including high proficiency in MS Excel. Programming skills (VBA, R) are highly advantageous.
  • Excellent communication skills also for verbal, written and verbal presentations. Ability to condense complex details into narratives suitable for communication with senior officers of the Firm.
  • Proactive attitude with ability to work as both part of a close-knit team and independently.

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.