Liquidity Risk Manager – Vice President

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 25 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 cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base, liquidity and franchise. The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit, operational and liquidity risk exposures arising from UK Group business activities, acting independently of business management and providing an effective challenge process.

The EMEA Liquidity Risk Department (“LRD”) is a pillar of EMEA Risk Management, responsible for the oversight of the UK Group’s ability to survive adverse, idiosyncratic and market-related liquidity shocks. LRD’s mandate includes liquidity risk assessment and identification, limit setting and enforcement, business strategy challenge, liquidity reserve model methodology oversight, and communication of liquidity risks to senior management and the Board.

Primary Responsibilities

Morgan Stanley is seeking a professional with previous funding and liquidity management experience to join Firm Risk Management in London at the Vice President level. The role is for a risk manager covering all aspects of the UK Group and other EMEA entities’ liquidity and funding risk, within the second line of defence.

Core Responsibilities Include:
• Providing liquidity risk oversight for various legal entities within the UK Group and EMEA, engaging in key regulatory processes from PRA and other regulators
• Identifying, assessing and monitoring liquidity risks related to the liquidity and funding activities, including derivatives, prime brokerage, secured and unsecured funding
• Involvement in regulatory exercises including ILAAP and RRP
• Independent interpretation of liquidity regulation.
• Understanding business drivers of liquidity risk. Performing liquidity sensitivity analyses and “what if” analysis to understand liquidity impact of trades and business strategies.
• Ensuring strong liquidity risk governance frameworks across legal entities, including appropriate policies and procedures
• Maintaining active dialogue with trading desks, corporate treasury, risk management colleagues, and other support groups regarding trading and hedging strategies, risk representation, and limit compliance
• Preparing and presenting briefings to senior management on key risk issues
• Leading/executing projects to investigate and improve the risk representation of the Firm’s liquidity risk, contingency funding plans, asset-liability management, stress testing framework, independent reporting and limits framework


Qualifications:


Skills required (essential)

• Excellent academic background, preferably degree in a quantitative discipline
• Strong work experience in financial risk management with a focus on funding/liquidity management;
• Knowledge of derivative products and their applications; knowledge of cash and collateral management
• Knowledge of LCR, NSFR, RRP
• Experience with contingent funding plan (CFP) or asset and liability management (ALM) highly desirable; working knowledge of ILAAP and L-SREP
• Quantitatively oriented with strong intuition and ability to make judgments based on incomplete data
• Ability to synthesize complex problems and conceptualize appropriate solutions
• Proactive with the ability to work as both part of a close-knit team and independently
• Excellent communication skills for written, graphical and verbal presentation

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