Risk Analytics COO – Vice President

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 21 Feb 18 2018-02-21

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 EMEA Risk Management Division, the Risk Analytics Department develops and monitors internal and regulatory capital models for market, credit and operational risks. EMEA Risk Analytics professionals are located in London and Budapest and work closely with Front Office Quantitative Strategists, Risk Managers and Model Risk Management across the relevant model areas.

Primary Responsibilities

Morgan Stanley is seeking a Vice President to join the Risk Analytics Department as its Chief Operating Officer. This role involves directly supporting the EMEA and UK Group Head of Risk Analytics in the execution of the Department’s mandate and strategy.

The primary responsibilities are:
• Assisting the Head of Risk Analytics to ensure the Department is run in an efficient and effective manner
• Managing and tracking of key Risk Analytics deliverables including regulatory commitments, audit and self-identified issues, and projects
• Coordination and oversight of the annual Risk Control (RCSA) and Capital Requirements Regulation (CRR) self-assessment process
• Assisting across Risk Analytics in the planning and execution of benchmarking exercises, quantitative impact studies, assessment forums, and change initiatives (with a focus on FRTB, update of the IMM framework and VaR model enhancements)
• Assist in delivery of presentations to internal governance committees and regulators, and perform peer reviews for clarity and consistency
• Articulation and review of Risk Analytics processes and business continuity, monitoring of outsourcing arrangements, and ensuring they meet industry and regulatory expectations
• Manage budget, end user application inventory, training and people initiatives
• Regular update and enhancement of policies and procedures for Risk Analytics
• Building strong relationships with various groups across the firm – acting as a key liaison between Risk Analytics, Market / Credit / Operational Risk, Front Office, IT and other Risk Departments both regionally and globally


Skills required (essential)

• Deep expertise in financial services, including technical models, regulation and product knowledge, notably within Fixed Income and Equity
• Strong background in driving and implementing a change agenda (preferably in a technical model related function), ideally as model developer or COO of a Risk or Front Office function
• Proven ability to prioritise, multitask and work to tight deadlines while keeping attention to details, asking the right question, and effectively challenging
• Robust implementation of governance frameworks, policies and controls in a large and complex firm
• Experience in managing relationships across both the business and other control groups with a proven track record in influence and facilitation to achieve results
• Strong verbal and written communication and presentation skills, analytical thinking, and problem solving abilities

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